# EDGAR Filing Document

**Accession Number:** 0000818972
**File Stem:** 0001752724-25-202209
**Filing Date:** 2025-8
**Character Count:** 200941
**Document Hash:** 222ee6b678d2a21462b52932943c118a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-202209.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001752724-25-202209

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BNY MELLON STRATEGIC MUNICIPALS, INC.
- **CENTRAL INDEX KEY:** 0000818972

**ORGANIZATION NAME:**
- **EIN:** 133426554
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05245
- **FILM NUMBER:** 251250281

**BUSINESS ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286
- **BUSINESS PHONE:** 2129226400

**MAIL ADDRESS:**
- **STREET 1:** C/O BNY MELLON INVESTMENT ADVISER, INC.
- **STREET 2:** 240 GREENWICH STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10286

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS STRATEGIC MUNICIPALS, INC.
- **DATE OF NAME CHANGE:** 20181030

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREYFUS STRATEGIC MUNICIPALS INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

STATEMENT OF INVESTMENTS

June 30, 2025 (Unaudited)

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon <br>Rate (%)<br>| Maturity <br>Date<br>| Principal <br>Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6%** | **Long-Term Municipal Investments — 128.6%** | **Long-Term Municipal Investments — 128.6%** | **Long-Term Municipal Investments — 128.6%** | **Long-Term Municipal Investments — 128.6%** |
| **Alabama — 4.7%** | **Alabama — 4.7%** | **Alabama — 4.7%** | **Alabama — 4.7%** | **Alabama — 4.7%** |
| &nbsp;&nbsp;&nbsp; Alabama Special Care Facilities <br> Financing Authority, <br> Revenue Bonds (Methodist <br> Home for the Aging <br> Obligated Group)<br>| 6.00 | 6/1/2050 | 5970000 | 5259719 |
| &nbsp;&nbsp;&nbsp; Baldwin County Industrial <br> Development Authority, <br> Revenue Bonds (Novelis <br> Corporation Project) Ser. <br> A<sup>(a),(b)</sup> <br>| 5.00 | 6/1/2032 | 1000000 | 1009004 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, <br> Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 11/1/2034 | 2000000 | 2117598 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, <br> Revenue Bonds, Refunding <br> (Gas Project) Ser. D1<sup>(a)</sup> <br>| 5.50 | 2/1/2029 | 5555000 | 5861108 |
| &nbsp;&nbsp;&nbsp; Jefferson County, Revenue <br> Bonds, Refunding<br>| 5.50 | 10/1/2053 | 3750000 | 3847268 |
| &nbsp;&nbsp;&nbsp; Mobile County Industrial <br> Development Authority, <br> Revenue Bonds (Calvert LLC <br> Project) Ser. B<br>| 4.75 | 12/1/2054 | 1225000 | 1129596 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A <br> Cooperative District, <br> Revenue Bonds, Ser. C<sup>(a)</sup> <br>| 5.00 | 2/1/2031 | 3500000 | 3697651 |
|  |  |  |  | **22921944** |
| **Alaska — .5%** | **Alaska — .5%** | **Alaska — .5%** | **Alaska — .5%** | **Alaska — .5%** |
| &nbsp;&nbsp;&nbsp; Northern Tobacco <br> Securitization Corp., <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 4.00 | 6/1/2050 | 3000000 | **2496577** |
| **Arizona — 4.9%** | **Arizona — 4.9%** | **Arizona — 4.9%** | **Arizona — 4.9%** | **Arizona — 4.9%** |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Academics <br> of Math & Science Project)<sup>(b)</sup> <br>| 5.00 | 7/1/2054 | 1275000 | 1132773 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Legacy <br> Cares Project) Ser. A<sup>(b),(c)</sup> <br>| 6.00 | 7/1/2051 | 1000000 | 30000 |

---

**1**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Legacy <br> Cares Project) Ser. A<sup>(b),(c)</sup> <br>| 7.75 | 7/1/2050 | 5770000 | 173100 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds (Sustainable <br> Bond) (Equitable Schools) <br> Ser. A<br>| 5.25 | 11/1/2053 | 2000000 | 1995116 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Project) Ser. <br> A<sup>(b)</sup> <br>| 5.25 | 7/1/2047 | 1600000 | 1545858 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Project) Ser. <br> D<sup>(b)</sup> <br>| 5.00 | 7/1/2047 | 1035000 | 967242 |
| &nbsp;&nbsp;&nbsp; Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Project) Ser. <br> D<sup>(b)</sup> <br>| 5.00 | 7/1/2051 | 380000 | 347118 |
| &nbsp;&nbsp;&nbsp; Glendale Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Sun Health Services <br> Obligated Group) Ser. A<br>| 5.00 | 11/15/2054 | 1170000 | 1098247 |
| &nbsp;&nbsp;&nbsp; La Paz County Industrial <br> Development Authority, <br> Revenue Bonds (Harmony <br> Public Schools) Ser. A<sup>(b)</sup> <br>| 5.00 | 2/15/2036 | 2480000 | 2481779 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial <br> Development Authority, <br> Revenue Bonds (Benjamin <br> Franklin Charter School <br> Obligated Group)<sup>(b)</sup> <br>| 6.00 | 7/1/2052 | 3000000 | 3018470 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Paradise Schools Projects <br> Paragon Management)<sup>(b)</sup> <br>| 5.00 | 7/1/2047 | 2000000 | 1789430 |

---

**2**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** | **Arizona — 4.9% (continued)** |
| &nbsp;&nbsp;&nbsp; Sierra Vista Industrial <br> Development Authority, <br> Revenue Bonds (American <br> Leadership Academy)<sup>(b)</sup> <br>| 5.00 | 6/15/2059 | 1000000 | 895356 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2018-<br> XF2537), (Salt Verde <br> Financial Corporation, <br> Revenue Bonds) Recourse, <br> Underlying Coupon Rate <br> 5.00%<sup>(b),(d),(e)</sup> <br>| 12.19 | 12/1/2037 | 4030000 | 4202169 |
| &nbsp;&nbsp;&nbsp; The Phoenix Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Projects) Ser. <br> A<sup>(b)</sup> <br>| 5.00 | 7/1/2035 | 2360000 | 2360529 |
| &nbsp;&nbsp;&nbsp; The Phoenix Arizona Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (BASIS Schools Projects) Ser. <br> A<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 2000000 | 1875967 |
|  |  |  |  | **23913154** |
| **Arkansas — .9%** | **Arkansas — .9%** | **Arkansas — .9%** | **Arkansas — .9%** | **Arkansas — .9%** |
| &nbsp;&nbsp;&nbsp; Arkansas Development <br> Finance Authority, Revenue <br> Bonds (Sustainable Bond) <br> (U.S. Steel Corp.)<br>| 5.70 | 5/1/2053 | 2600000 | 2636541 |
| &nbsp;&nbsp;&nbsp; Arkansas Development <br> Finance Authority, Revenue <br> Bonds (Sustainable Bond) <br> (U.S. Steel Corp.)<br>| 5.45 | 9/1/2052 | 1500000 | 1503512 |
|  |  |  |  | **4140053** |
| **California — 3.9%** | **California — 3.9%** | **California — 3.9%** | **California — 3.9%** | **California — 3.9%** |
| &nbsp;&nbsp;&nbsp; California Community Choice <br> Financing Authority, <br> Revenue Bonds, Ser. B<sup>(a)</sup> <br>| 5.00 | 11/1/2035 | 3250000 | 3453560 |
| &nbsp;&nbsp;&nbsp; California Community Choice <br> Financing <br> Authority, Revenue Bonds <br> (Sustainable Bond) (Clean <br> Energy Project) Ser. D<sup>(a)</sup> <br>| 5.00 | 9/1/2032 | 1500000 | 1596414 |

---

**3**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **California — 3.9% (continued)** | **California — 3.9% (continued)** | **California — 3.9% (continued)** | **California — 3.9% (continued)** | **California — 3.9% (continued)** |
| &nbsp;&nbsp;&nbsp; California County Tobacco <br> Securitization Agency, <br> Revenue Bonds, Refunding <br> (Los Angeles County <br> Securitization Corp.) Ser. A<br>| 4.00 | 6/1/2049 | 1400000 | 1188535 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance <br> Authority, Revenue Bonds, <br> Refunding (HumanGood <br> California Obligated Group) <br> Ser. A<br>| 5.00 | 10/1/2044 | 1000000 | 976976 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance <br> Authority, Revenue Bonds, <br> Refunding (William Jessup <br> University)<sup>(b)</sup> <br>| 5.00 | 8/1/2039 | 140000 | 116668 |
| &nbsp;&nbsp;&nbsp; California Statewide <br> Communities Development <br> Authority, Revenue Bonds <br> (Loma Linda University <br> Medical Center Obligated <br> Group) Ser. A<sup>(b)</sup> <br>| 5.25 | 12/1/2056 | 1000000 | 959854 |
| &nbsp;&nbsp;&nbsp; Orange County Community <br> Facilities District, Special <br> Tax Bonds, Ser. A<br>| 5.00 | 8/15/2052 | 1500000 | 1504057 |
| &nbsp;&nbsp;&nbsp; San Diego County Regional <br> Airport Authority, Revenue <br> Bonds, Ser. B<br>| 5.00 | 7/1/2051 | 4205000 | 4169812 |
| &nbsp;&nbsp;&nbsp; University of California, <br> Revenue Bonds, Refunding, <br> Ser. AL<sup>(d)</sup> <br>| 2.95 | 5/15/2048 | 5000000 | 5000000 |
|  |  |  |  | **18965876** |
| **Colorado — 5.7%** | **Colorado — 5.7%** | **Colorado — 5.7%** | **Colorado — 5.7%** | **Colorado — 5.7%** |
| &nbsp;&nbsp;&nbsp; City & County of Denver <br> Company, Revenue Bonds, <br> Refunding (United Airlines <br> Project)<br>| 5.00 | 10/1/2032 | 1000000 | 999998 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities <br> Authority, Revenue Bonds <br> (CommonSpirit Health <br> Obligated Group)<br>| 5.25 | 11/1/2052 | 1500000 | 1509769 |

---

**4**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities <br> Authority, Revenue Bonds <br> (Covenant Retirement <br> Communities & Services <br> Obligated Group)<br>| 5.00 | 12/1/2048 | 1250000 | 1194934 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities <br> Authority, Revenue Bonds, <br> Refunding (Covenant Living <br> Communities & Services <br> Obligated Group) Ser. A<br>| 4.00 | 12/1/2050 | 4500000 | 3651071 |
| &nbsp;&nbsp;&nbsp; Colorado High Performance <br> Transportation Enterprise, <br> Revenue Bonds (C-<br> 470 Express Lanes System)<br>| 5.00 | 12/31/2056 | 1245000 | 1189895 |
| &nbsp;&nbsp;&nbsp; Dominion Water & Sanitation <br> District, Revenue Bonds, <br> Refunding<br>| 5.88 | 12/1/2052 | 4500000 | 4522670 |
| &nbsp;&nbsp;&nbsp; Hess Ranch Metropolitan <br> District No. 6, GO, Ser. A1<br>| 5.00 | 12/1/2049 | 2000000 | 1769910 |
| &nbsp;&nbsp;&nbsp; Rampart Range Metropolitan <br> District No. 5, Revenue <br> Bonds<br>| 4.00 | 12/1/2051 | 2000000 | 1574140 |
| &nbsp;&nbsp;&nbsp; Regional Transportation <br> District, Revenue Bonds, <br> Refunding (Denver Transit <br> Partners) Ser. A<br>| 4.00 | 7/15/2034 | 1500000 | 1502249 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2020-<br> XM0829), (Colorado Health <br> Facilities Authority, Revenue <br> Bonds, Refunding <br> (CommonSpirit Health <br> Obligated Group) Ser. A1) <br> Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 11.76 | 8/1/2044 | 4440000 | 4665715 |

---

**5**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** | **Colorado — 5.7% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1124), (Colorado Health <br> Facilities Authority, Revenue <br> Bonds (Adventist Health <br> System/Sunbelt Obligated <br> Group) Ser. A) Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 8.87 | 11/15/2048 | 5535000 | 4765081 |
| &nbsp;&nbsp;&nbsp; Vauxmont Metropolitan <br> District, GO, Refunding <br> (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 3.25 | 12/15/2050 | 520000 | 388841 |
|  |  |  |  | **27734273** |
| **Connecticut — 1.2%** | **Connecticut — 1.2%** | **Connecticut — 1.2%** | **Connecticut — 1.2%** | **Connecticut — 1.2%** |
| &nbsp;&nbsp;&nbsp; Connecticut Health & <br> Educational Facilities <br> Authority, Revenue Bonds, <br> Refunding (Fairfield <br> University) Ser. T<br>| 4.00 | 7/1/2055 | 1000000 | 816423 |
| &nbsp;&nbsp;&nbsp; Connecticut Housing Finance <br> Authority, Revenue Bonds, <br> Refunding, Ser. A1<br>| 3.65 | 11/15/2032 | 410000 | 410161 |
| &nbsp;&nbsp;&nbsp; Harbor Point Infrastructure <br> Improvement District, Tax <br> Allocation Bonds, Refunding <br> (Harbor Point Project)<sup>(b)</sup> <br>| 5.00 | 4/1/2039 | 3500000 | 3509973 |
| &nbsp;&nbsp;&nbsp; Stamford Housing Authority, <br> Revenue Bonds, Refunding <br> (Mozaic Concierge Living), <br> Ser. A<br>| 6.25 | 10/1/2060 | 1000000 | 970802 |
|  |  |  |  | **5707359** |
| **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** | **Delaware — .2%** |
| &nbsp;&nbsp;&nbsp; Delaware Economic <br> Development Authority, <br> Revenue Bonds (ACTS <br> Retirement-Life <br> Communities Obligated <br> Group) Ser. B<br>| 5.25 | 11/15/2053 | 1000000 | **1005460** |

---

**6**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** | **District of Columbia — 1.0%** |
| &nbsp;&nbsp;&nbsp; District of Columbia, Revenue <br> Bonds, Refunding (The <br> Catholic University Of <br> America) Ser. A<br>| 5.75 | 10/1/2055 | 2820000 | 2910059 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington <br> Airports Authority, Revenue <br> Bonds, Refunding <br> (Dulles Metrorail) Ser. B<br>| 4.00 | 10/1/2049 | 2500000 | 2130775 |
|  |  |  |  | **5040834** |
| **Florida — 6.9%** | **Florida — 6.9%** | **Florida — 6.9%** | **Florida — 6.9%** | **Florida — 6.9%** |
| &nbsp;&nbsp;&nbsp; Atlantic Beach, Revenue Bonds <br> (Fleet Landing Project) Ser. <br> A<br>| 5.00 | 11/15/2053 | 3460000 | 3111685 |
| &nbsp;&nbsp;&nbsp; Collier County Industrial <br> Development Authority, <br> Revenue Bonds (NCH <br> Healthcare System Project) <br> (Insured; Assured Guaranty <br> Municipal Corp.) Ser. A<br>| 5.00 | 10/1/2049 | 1700000 | 1711823 |
| &nbsp;&nbsp;&nbsp; Florida Housing Finance Corp., <br> Revenue Bonds (Insured; <br> GNMA, FNMA, FHLMC) Ser. 1<br>| 4.40 | 7/1/2044 | 2485000 | 2353108 |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation <br> Authority, Revenue Bonds, <br> Ser. A<br>| 4.00 | 10/1/2049 | 4685000 | 4022356 |
| &nbsp;&nbsp;&nbsp; Lee County Industrial <br> Development Authority, <br> Revenue Bonds, Refunding, <br> Ser. 1<br>| 4.00 | 4/1/2049 | 1650000 | 1378993 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County, Revenue <br> Bonds<sup>(f)</sup> <br>| 0.00 | 10/1/2045 | 3000000 | 1150724 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County Water & <br> Sewer System, Revenue <br> Bonds (Insured; Build <br> America Mutual)<br>| 4.00 | 10/1/2051 | 1550000 | 1320660 |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health <br> Facilities Authority, Revenue <br> Bonds (ACTS Retirement-<br> Life Communities Obligated <br> Group) Ser. B<br>| 5.00 | 11/15/2042 | 735000 | 736124 |

---

**7**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Florida — 6.9% (continued)** | **Florida — 6.9% (continued)** | **Florida — 6.9% (continued)** | **Florida — 6.9% (continued)** | **Florida — 6.9% (continued)** |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health <br> Facilities Authority, Revenue <br> Bonds (Lifespace <br> Communities) Ser. B<br>| 4.00 | 5/15/2053 | 2600000 | 2030214 |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health <br> Facilities Authority, Revenue <br> Bonds, Refunding (Lifespace <br> Communities Obligated <br> Group) Ser. C<br>| 7.63 | 5/15/2058 | 1000000 | 1104054 |
| &nbsp;&nbsp;&nbsp; Seminole County Industrial <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Legacy Pointe at UCF <br> Project)<br>| 5.75 | 11/15/2054 | 2500000 | 2266467 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1122), (Miami-Dade FL <br> County Water & Sewer <br> System, Revenue Bonds, <br> Refunding, Ser. B) Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 7.25 | 10/1/2049 | 12750000 | 10992870 |
| &nbsp;&nbsp;&nbsp; Venice, Revenue Bonds, Ser. <br> A<sup>(b)</sup> <br>| 5.50 | 1/1/2055 | 725000 | 685203 |
| &nbsp;&nbsp;&nbsp; Village Community <br> Development District No. 15, <br> Special Assessment Bonds<sup>(b)</sup> <br>| 4.80 | 5/1/2055 | 865000 | 788629 |
|  |  |  |  | **33652910** |
| **Georgia — 5.3%** | **Georgia — 5.3%** | **Georgia — 5.3%** | **Georgia — 5.3%** | **Georgia — 5.3%** |
| &nbsp;&nbsp;&nbsp; Georgia Municipal Electric <br> Authority, Revenue Bonds <br> (Plant Vogtle Units <br> 3&4 Project) Ser. A<br>| 5.00 | 7/1/2052 | 3250000 | 3229263 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., <br> Revenue Bonds, Ser. D<sup>(a)</sup> <br>| 5.00 | 4/1/2031 | 1535000 | 1628438 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., <br> Revenue Bonds, Ser. E<sup>(a)</sup> <br>| 5.00 | 12/1/2032 | 1500000 | 1579634 |

---

**8**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Georgia — 5.3% (continued)** | **Georgia — 5.3% (continued)** | **Georgia — 5.3% (continued)** | **Georgia — 5.3% (continued)** | **Georgia — 5.3% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2016-<br> XM0435), (Private Colleges <br> & Universities Authority, <br> Revenue Bonds, Refunding <br> (Emory University)) <br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 12.71 | 10/1/2043 | 10000000 | 9950551 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2020-<br> XM0825), (Brookhaven <br> Development Authority, <br> Revenue Bonds (Children's <br> Healthcare of Atlanta) Ser. <br> A) Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 10.16 | 7/1/2044 | 6340000 | 6140817 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF3183), (Municipal Electric <br> Authority of Georgia, <br> Revenue Bonds (Plant Vogtle <br> Units 3&4 Project) Ser. A) <br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 12.50 | 1/1/2059 | 3600000 | 3506384 |
|  |  |  |  | **26035087** |
| **Hawaii — .2%** | **Hawaii — .2%** | **Hawaii — .2%** | **Hawaii — .2%** | **Hawaii — .2%** |
| &nbsp;&nbsp;&nbsp; Hawaii Airports System, <br> Revenue Bonds, Ser. A<br>| 5.00 | 7/1/2047 | 1000000 | **1000151** |
| **Idaho — 1.0%** | **Idaho — 1.0%** | **Idaho — 1.0%** | **Idaho — 1.0%** | **Idaho — 1.0%** |
| &nbsp;&nbsp;&nbsp; Power County Industrial <br> Development Corp., Revenue <br> Bonds (FMC Corp. Project)<br>| 6.45 | 8/1/2032 | 5000000 | **5016676** |
| **Illinois — 10.2%** | **Illinois — 10.2%** | **Illinois — 10.2%** | **Illinois — 10.2%** | **Illinois — 10.2%** |
| &nbsp;&nbsp;&nbsp; Chicago, GO (Housing And <br> Economic Development <br> Projects) Ser. F<br>| 6.00 | 1/1/2055 | 1500000 | 1552153 |
| Chicago, GO, Ser. A | 5.00 | 1/1/2044 | 4000000 | 3769292 |
| Chicago, GO, Ser. A | 5.50 | 1/1/2049 | 1000000 | 993132 |
| Chicago, GO, Refunding, Ser. A | 6.00 | 1/1/2038 | 3000000 | 3052676 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Ser. D<br>| 5.00 | 12/1/2046 | 2000000 | 1817281 |

---

**9**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Ser. H<br>| 5.00 | 12/1/2036 | 2000000 | 1948131 |
| &nbsp;&nbsp;&nbsp; Chicago Board of Education, <br> GO, Refunding, Ser. A<br>| 5.00 | 12/1/2034 | 1400000 | 1402278 |
| &nbsp;&nbsp;&nbsp; Chicago Midway International <br> Airport, Revenue Bonds, <br> Refunding, Ser. C<br>| 5.00 | 1/1/2041 | 1550000 | 1556379 |
| Illinois, GO, Ser. A | 5.00 | 5/1/2038 | 3400000 | 3454166 |
| Illinois, GO, Ser. C | 5.00 | 11/1/2029 | 1120000 | 1158096 |
| Illinois, GO, Ser. D | 5.00 | 11/1/2028 | 2325000 | 2408637 |
| Illinois, GO, Refunding, Ser. A | 5.00 | 10/1/2029 | 1100000 | 1153289 |
| Illinois, Revenue Bonds, Ser. C | 5.00 | 6/15/2045 | 1000000 | 1009656 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, <br> Revenue Bonds (Centerpoint <br> Joliet Terminal Railroad <br> Project)<sup>(a),(b)</sup> <br>| 4.80 | 7/2/2035 | 1500000 | 1519769 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, <br> Revenue Bonds (Plymouth <br> Place Obligated Group) Ser. <br> A<br>| 6.63 | 5/15/2052 | 1000000 | 1041438 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition <br> Authority, Revenue Bonds <br> (McCormick Place Expansion <br> Project)<br>| 5.00 | 6/15/2057 | 2000000 | 1928839 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition <br> Authority, Revenue Bonds <br> (McCormick Place Project) <br> (Insured; National Public <br> Finance Guarantee Corp.) <br> Ser. A<sup>(f)</sup> <br>| 0.00 | 12/15/2036 | 2500000 | 1512362 |
| &nbsp;&nbsp;&nbsp; Metropolitan Pier & Exposition <br> Authority, Revenue Bonds, <br> Refunding (McCormick Place <br> Expansion Project)<sup>(f)</sup> <br>| 0.00 | 12/15/2054 | 21800000 | 4360150 |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp., <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 4.00 | 1/1/2038 | 2000000 | 1911651 |

---

**10**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** | **Illinois — 10.2% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF1623), (Regional <br> Transportation Authority <br> Illinois, Revenue Bonds, Ser. <br> B) Non-Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 6.28 | 6/1/2048 | 3000000 | 2578948 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF3290), (Chicago Transit <br> Authority, Sales Tax <br> Revenue Bonds, Refunding, <br> Ser. A) Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 12.67 | 12/1/2049 | 5800000 | 5806659 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2025-<br> XF3349), (Chicago O'Hare <br> International Airport, <br> Revenue Bonds, Refunding, <br> Ser. A) Recourse, Underlying <br> Coupon Rate 5.50%<sup>(b),(d),(e)</sup> <br>| 14.52 | 1/1/2053 | 3600000 | 3704284 |
|  |  |  |  | **49639266** |
| **Indiana — 1.1%** | **Indiana — 1.1%** | **Indiana — 1.1%** | **Indiana — 1.1%** | **Indiana — 1.1%** |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, <br> Revenue Bonds (Sustainable <br> Bond)<sup>(b),(c)</sup> <br>| 7.00 | 3/1/2039 | 5525000 | 830414 |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, <br> Revenue Bonds, Refunding <br> (Marquette Project) Ser. A<br>| 5.00 | 3/1/2040 | 2735000 | 2752602 |
| &nbsp;&nbsp;&nbsp; Indianapolis Local Public <br> Improvement Bond Bank, <br> Revenue Bonds (City Moral <br> Obligation) (Insured; Build <br> America Mutual) Ser. F1<br>| 5.25 | 3/1/2067 | 1750000 | 1783014 |
|  |  |  |  | **5366030** |
| **Iowa — 1.0%** | **Iowa — 1.0%** | **Iowa — 1.0%** | **Iowa — 1.0%** | **Iowa — 1.0%** |
| &nbsp;&nbsp;&nbsp; Iowa Finance Authority, <br> Revenue Bonds, Refunding <br> (Iowa Fertilizer Co. <br> Project)<sup>(g)</sup> <br>| 5.00 | 12/1/2032 | 1415000 | 1604796 |

---

**11**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Iowa — 1.0% (continued)** | **Iowa — 1.0% (continued)** | **Iowa — 1.0% (continued)** | **Iowa — 1.0% (continued)** | **Iowa — 1.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Iowa Finance Authority, <br> Revenue Bonds, Refunding <br> (Lifespace Communities <br> Obligated Group) Ser. A<br>| 4.00 | 5/15/2046 | 500000 | 413795 |
| &nbsp;&nbsp;&nbsp; Iowa Finance Authority, <br> Revenue Bonds, Refunding <br> (Lifespace Communities <br> Obligated Group) Ser. A<br>| 4.00 | 5/15/2053 | 1000000 | 780851 |
| &nbsp;&nbsp;&nbsp; Iowa Student Loan Liquidity <br> Corp., Revenue Bonds, Ser. B<br>| 5.00 | 12/1/2031 | 2000000 | 2108636 |
|  |  |  |  | **4908078** |
| **Kentucky — .8%** | **Kentucky — .8%** | **Kentucky — .8%** | **Kentucky — .8%** | **Kentucky — .8%** |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy <br> Authority, Revenue Bonds, <br> Ser. A<sup>(a)</sup> <br>| 5.00 | 7/1/2030 | 1750000 | 1837476 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy <br> Authority, Revenue Bonds, <br> Ser. A1<sup>(a)</sup> <br>| 4.00 | 8/1/2030 | 2270000 | 2261312 |
|  |  |  |  | **4098788** |
| **Louisiana — 1.4%** | **Louisiana — 1.4%** | **Louisiana — 1.4%** | **Louisiana — 1.4%** | **Louisiana — 1.4%** |
| &nbsp;&nbsp;&nbsp; Ernest N. Morial New Orleans <br> Exhibition Hall Authority, <br> Special Tax Bonds<br>| 5.50 | 7/15/2054 | 1250000 | 1297916 |
| &nbsp;&nbsp;&nbsp; Louisiana Local Government <br> Environmental Facilities & <br> Community Development <br> Authority, Revenue Bonds, <br> Refunding (Westlake <br> Chemical Project)<br>| 3.50 | 11/1/2032 | 635000 | 611609 |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities <br> Authority, Revenue Bonds <br> (I-10 Calcasieu River Bridge <br> Public-Private Partnership <br> Project)<br>| 5.75 | 9/1/2064 | 3185000 | 3280708 |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities <br> Authority, Revenue Bonds, <br> Refunding (Ochsner Clinic <br> Foundation Obligated <br> Group) Ser. A<br>| 5.50 | 5/15/2055 | 1700000 | 1766809 |
|  |  |  |  | **6957042** |

---

**12**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Maine — .4%** | **Maine — .4%** | **Maine — .4%** | **Maine — .4%** | **Maine — .4%** |
| &nbsp;&nbsp;&nbsp; Finance Authority of Maine, <br> Revenue Bonds (University <br> Of New England)<br>| 5.50 | 7/1/2055 | 1750000 | **1801518** |
| **Maryland — 2.7%** | **Maryland — 2.7%** | **Maryland — 2.7%** | **Maryland — 2.7%** | **Maryland — 2.7%** |
| &nbsp;&nbsp;&nbsp; Maryland Economic <br> Development Corp., Revenue <br> Bonds (College Park <br> Leonardtown Project) <br> (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 5.25 | 7/1/2064 | 1000000 | 1001150 |
| &nbsp;&nbsp;&nbsp; Maryland Economic <br> Development Corp., Revenue <br> Bonds (Sustainable Bond) <br> (Purple Line Transit <br> Partners) Ser. B<br>| 5.25 | 6/30/2055 | 3120000 | 3059863 |
| &nbsp;&nbsp;&nbsp; Maryland Economic <br> Development Corp., Tax <br> Allocation Bonds (Port <br> Covington Project)<br>| 4.00 | 9/1/2050 | 1000000 | 805719 |
| &nbsp;&nbsp;&nbsp; Maryland Health & Higher <br> Educational Facilities <br> Authority, Revenue Bonds <br> (Adventist Healthcare <br> Obligated Group) Ser. A<br>| 5.50 | 1/1/2046 | 3250000 | 3255938 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF1758), (Maryland Stadium <br> Authority, Revenue Bonds) <br> Non-Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 12.75 | 6/1/2054 | 5200000 | 5248526 |
|  |  |  |  | **13371196** |
| **Massachusetts — 4.1%** | **Massachusetts — 4.1%** | **Massachusetts — 4.1%** | **Massachusetts — 4.1%** | **Massachusetts — 4.1%** |
| &nbsp;&nbsp;&nbsp; Lowell Collegiate Charter <br> School, Revenue Bonds<br>| 5.00 | 6/15/2054 | 1620000 | 1479588 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds (Tufts University <br> Student Housing Project)<br>| 5.50 | 6/1/2050 | 1000000 | 1047547 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds, Ser. T<br>| 4.00 | 3/1/2054 | 1000000 | 861000 |

---

**13**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Massachusetts — 4.1% (continued)** | **Massachusetts — 4.1% (continued)** | **Massachusetts — 4.1% (continued)** | **Massachusetts — 4.1% (continued)** | **Massachusetts — 4.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds, Refunding (Boston <br> Medical Center Corp. <br> Obligated Group)<br>| 5.25 | 7/1/2052 | 1500000 | 1467484 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development <br> Finance Agency, Revenue <br> Bonds, Refunding <br> (NewBridge <br> Charles Obligated Group)<sup>(b)</sup> <br>| 5.00 | 10/1/2057 | 1000000 | 923370 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF1604), (Massachusetts <br> State Transportation Fund, <br> Revenue Bonds, Ser. B) Non-<br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 12.75 | 6/1/2053 | 14000000 | 14240933 |
|  |  |  |  | **20019922** |
| **Michigan — 5.4%** | **Michigan — 5.4%** | **Michigan — 5.4%** | **Michigan — 5.4%** | **Michigan — 5.4%** |
| &nbsp;&nbsp;&nbsp; Detroit Downtown <br> Development Authority, Tax <br> Allocation Bonds, Refunding <br> (Catalyst Development <br> Project)<br>| 5.00 | 7/1/2048 | 1250000 | 1260710 |
| &nbsp;&nbsp;&nbsp; Great Lakes Water Authority <br> Sewage Disposal System, <br> Revenue Bonds, Refunding, <br> Ser. C<br>| 5.00 | 7/1/2036 | 2435000 | 2459125 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, <br> Revenue Bonds (Sustainable <br> Bond)<br>| 5.50 | 2/28/2057 | 2700000 | 2786048 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, <br> Revenue Bonds, Refunding <br> (Beaumont-Spectrum)<br>| 4.00 | 4/15/2042 | 1500000 | 1395551 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, <br> Revenue Bonds, Refunding, <br> Ser. A2<br>| 5.00 | 6/1/2040 | 4435000 | 4491455 |
| &nbsp;&nbsp;&nbsp; Michigan State Finance <br> Authority Revenue, Revenue <br> Bonds, Refunding (Great <br> Lakes Water Authority) Ser. <br> D2<br>| 5.00 | 7/1/2034 | 1750000 | 1750092 |

---

**14**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Michigan — 5.4% (continued)** | **Michigan — 5.4% (continued)** | **Michigan — 5.4% (continued)** | **Michigan — 5.4% (continued)** | **Michigan — 5.4% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1171), (Michigan State <br> University, Revenue Bonds, <br> Refunding, Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 13.96 | 8/15/2054 | 10000000 | 10306982 |
| &nbsp;&nbsp;&nbsp; Wayne County Airport <br> Authority, Revenue Bonds, <br> Ser. A<br>| 5.50 | 12/1/2050 | 1500000 | 1586650 |
|  |  |  |  | **26036613** |
| **Minnesota — .8%** | **Minnesota — .8%** | **Minnesota — .8%** | **Minnesota — .8%** | **Minnesota — .8%** |
| &nbsp;&nbsp;&nbsp; Duluth Economic Development <br> Authority, Revenue Bonds, <br> Refunding (Essentia Health <br> Obligated Group) Ser. A<br>| 5.00 | 2/15/2058 | 3000000 | 2905980 |
| &nbsp;&nbsp;&nbsp; Woodbury, Revenue Bonds, <br> Refunding (Math & <br> Science Academy)<sup>(b)</sup> <br>| 5.50 | 6/1/2063 | 1000000 | 904860 |
|  |  |  |  | **3810840** |
| **Missouri — 3.2%** | **Missouri — 3.2%** | **Missouri — 3.2%** | **Missouri — 3.2%** | **Missouri — 3.2%** |
| &nbsp;&nbsp;&nbsp; Missouri Housing Development <br> Commission, Revenue Bonds <br> (First Place Homeownership <br> Loan) (Insured; <br> GNMA,FNMA, FHLMC) Ser. A<br>| 4.60 | 11/1/2049 | 1720000 | 1637869 |
| &nbsp;&nbsp;&nbsp; St. Louis County Industrial <br> Development Authority, <br> Revenue Bonds (Friendship <br> Village St. Louis Obligated <br> Group) Ser. A<br>| 5.13 | 9/1/2048 | 2025000 | 1917162 |
| &nbsp;&nbsp;&nbsp; St. Louis County Industrial <br> Development Authority, <br> Revenue Bonds (Friendship <br> Village St. Louis Obligated <br> Group) Ser. A<br>| 5.13 | 9/1/2049 | 2975000 | 2804545 |
| &nbsp;&nbsp;&nbsp; St. Louis Land Clearance for <br> Redevelopment Authority, <br> Revenue Bonds (National <br> Geospatial Intelligence)<br>| 5.13 | 6/1/2046 | 4400000 | 4138150 |

---

**15**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Missouri — 3.2% (continued)** | **Missouri — 3.2% (continued)** | **Missouri — 3.2% (continued)** | **Missouri — 3.2% (continued)** | **Missouri — 3.2% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1116), (Jackson County <br> Missouri Special Obligation, <br> Revenue Bonds, Refunding, <br> Ser. A) Non-Recourse, <br> Underlying Coupon Rate <br> 4.25%<sup>(b),(d),(e)</sup> <br>| 7.98 | 12/1/2053 | 3000000 | 2703586 |
| &nbsp;&nbsp;&nbsp; The St. Louis Missouri <br> Industrial Development <br> Authority, Tax Allocation <br> Bonds (St. Louis Innovation <br> District Project)<br>| 4.38 | 5/15/2036 | 2465000 | 2332436 |
|  |  |  |  | **15533748** |
| **Nebraska — .2%** | **Nebraska — .2%** | **Nebraska — .2%** | **Nebraska — .2%** | **Nebraska — .2%** |
| &nbsp;&nbsp;&nbsp; Omaha Public Power District, <br> Revenue Bonds, Ser. A<br>| 4.00 | 2/1/2051 | 1000000 | **875954** |
| **Nevada — 1.2%** | **Nevada — 1.2%** | **Nevada — 1.2%** | **Nevada — 1.2%** | **Nevada — 1.2%** |
| &nbsp;&nbsp;&nbsp; Clark County School District, <br> GO (Insured; Assured <br> Guaranty Municipal Corp.) <br> Ser. A<br>| 4.25 | 6/15/2041 | 3745000 | 3670398 |
| &nbsp;&nbsp;&nbsp; Reno, Revenue Bonds, <br> Refunding (Insured; Assured <br> Guaranty Municipal Corp.)<br>| 4.00 | 6/1/2058 | 2750000 | 2335294 |
|  |  |  |  | **6005692** |
| **New Hampshire — .4%** | **New Hampshire — .4%** | **New Hampshire — .4%** | **New Hampshire — .4%** | **New Hampshire — .4%** |
| &nbsp;&nbsp;&nbsp; New Hampshire Business <br> Finance Authority, Revenue <br> Bonds (The Wildflower <br> Project)<sup>(b),(f)</sup> <br>| 0.00 | 12/15/2033 | 1600000 | 964789 |
| &nbsp;&nbsp;&nbsp; New Hampshire Business <br> Finance Authority, Revenue <br> Bonds, Refunding <br> (Sustainable Bond) Ser. <br> B<sup>(a),(b)</sup> <br>| 3.75 | 7/2/2040 | 1000000 | 803498 |
|  |  |  |  | **1768287** |

---

**16**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **New Jersey — 3.7%** | **New Jersey — 3.7%** | **New Jersey — 3.7%** | **New Jersey — 3.7%** | **New Jersey — 3.7%** |
| &nbsp;&nbsp;&nbsp; New Jersey Economic <br> Development Authority, <br> Revenue Bonds (Repauno <br> Port & Rail Terminal <br> Project)<sup>(b)</sup> <br>| 6.63 | 1/1/2045 | 1000000 | 1021503 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic <br> Development Authority, <br> Revenue Bonds, Refunding, <br> Ser. XX<br>| 5.25 | 6/15/2027 | 1855000 | 1856858 |
| &nbsp;&nbsp;&nbsp; New Jersey Health Care <br> Facilities Financing <br> Authority, Revenue Bonds <br> (RWJ Barnabas Health <br> Obligated Group)<br>| 4.00 | 7/1/2051 | 1500000 | 1309082 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education <br> Student Assistance <br> Authority, Revenue Bonds, <br> Refunding, Ser. A<br>| 5.00 | 12/1/2032 | 1275000 | 1354306 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation <br> Trust Fund Authority, <br> Revenue Bonds<br>| 5.00 | 6/15/2044 | 2000000 | 2036066 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation <br> Trust Fund Authority, <br> Revenue Bonds, Ser. CC<sup>(g)</sup> <br>| 5.50 | 12/15/2032 | 2700000 | 3163411 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2025-<br> XF3423), (New Jersey <br> Turnpike Authority, <br> Revenue Bonds, Ser. A) <br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 14.85 | 1/1/2055 | 4600000 | 4784650 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing <br> Corp., Revenue Bonds, <br> Refunding, Ser. B<br>| 5.00 | 6/1/2046 | 2690000 | 2595182 |
|  |  |  |  | **18121058** |
| **New Mexico — .5%** | **New Mexico — .5%** | **New Mexico — .5%** | **New Mexico — .5%** | **New Mexico — .5%** |
| &nbsp;&nbsp;&nbsp; New Mexico Mortgage Finance <br> Authority, Revenue Bonds <br> (Insured; GNMA, FNMA, <br> FHLMC) Ser. E<br>| 4.70 | 9/1/2054 | 2430000 | **2333222** |

---

**17**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **New York — 7.4%** | **New York — 7.4%** | **New York — 7.4%** | **New York — 7.4%** | **New York — 7.4%** |
| &nbsp;&nbsp;&nbsp; Build NYC Resource Corp., <br> Revenue Bonds (The <br> Nightingale-Bamford School <br> Project)<br>| 5.00 | 7/1/2040 | 1000000 | 1042771 |
| &nbsp;&nbsp;&nbsp; New York Convention Center <br> Development Corp., Revenue <br> Bonds (Hotel Unit Fee) <br> (Insured; Assured Guaranty <br> Municipal Corp.) Ser. B<sup>(f)</sup> <br>| 0.00 | 11/15/2052 | 7825000 | 1823126 |
| &nbsp;&nbsp;&nbsp; New York Liberty <br> Development Corp., Revenue <br> Bonds, Refunding (Class <br> 1-3 World Trade Center <br> Project) Ser. 1<sup>(b)</sup> <br>| 5.00 | 11/15/2044 | 7000000 | 6853359 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory <br> Authority, Revenue Bonds, <br> Refunding (Montefiore <br> Obligated Group) Ser. A<br>| 4.00 | 9/1/2050 | 1000000 | 806307 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (Delta Air Lines)<br>| 4.00 | 1/1/2036 | 1000000 | 938715 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (JFK International <br> Airport Terminal)<br>| 5.00 | 12/1/2040 | 3535000 | 3557785 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (LaGuardia Airport <br> Terminal B Redevelopment <br> Project)<br>| 5.63 | 4/1/2040 | 1000000 | 1028300 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (LaGuardia Airport <br> Terminal B Redevelopment <br> Project) Ser. A<br>| 5.00 | 7/1/2046 | 2080000 | 2016477 |
| &nbsp;&nbsp;&nbsp; New York Transportation <br> Development Corp., Revenue <br> Bonds (Sustainable Bond) <br> (JFK International Airport <br> Terminal One Project) <br> (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 5.13 | 6/30/2060 | 665000 | 653822 |

---

**18**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **New York — 7.4% (continued)** | **New York — 7.4% (continued)** | **New York — 7.4% (continued)** | **New York — 7.4% (continued)** | **New York — 7.4% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2022-<br> XM1004), (Metropolitan <br> Transportation Authority, <br> Revenue Bonds, Refunding <br> (Sustainable Bond) (Insured; <br> Assured Guaranty Municipal <br> Corp.) Ser. C) Non-Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 5.52 | 11/15/2047 | 6300000 | 5399405 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1174), (New York State <br> Transportation <br> Development Corp., Revenue <br> Bonds (Sustainable Bond) <br> (JFK International Airport <br> Terminal One Project) <br> (Insured; Assured Guaranty <br> Municipal Corp.)) Recourse, <br> Underlying Coupon Rate <br> 5.25%<sup>(b),(d),(e)</sup> <br>| 13.48 | 6/30/2060 | 3730000 | 3734765 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1181), (Triborough New <br> York Bridge & Tunnel <br> Authority, Revenue Bonds, <br> Ser. A1) Non-Recourse, <br> Underlying Coupon Rate <br> 4.13%<sup>(b),(d),(e)</sup> <br>| 6.81 | 5/15/2064 | 3000000 | 2589544 |

---

**19**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **New York — 7.4% (continued)** | **New York — 7.4% (continued)** | **New York — 7.4% (continued)** | **New York — 7.4% (continued)** | **New York — 7.4% (continued)** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1194), (New York <br> Transportation <br> Development Corp., Revenue <br> Bonds, Refunding <br> (Sustainable Bond) (JFK <br> International Airport <br> Terminal Six Redevelopment <br> Project) (Insured; Assured <br> Guaranty Municipal Corp.)) <br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 13.48 | 12/31/2054 | 3800000 | 3805871 |
| &nbsp;&nbsp;&nbsp; Westchester County Local <br> Development Corp., Revenue <br> Bonds, Refunding (Purchase <br> Senior Learning Community <br> Obligated Group)<sup>(b)</sup> <br>| 5.00 | 7/1/2046 | 2150000 | 1969122 |
|  |  |  |  | **36219369** |
| **North Carolina — 3.1%** | **North Carolina — 3.1%** | **North Carolina — 3.1%** | **North Carolina — 3.1%** | **North Carolina — 3.1%** |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue Bonds <br> (Carolina Meadows <br> Obligated Group)<br>| 5.25 | 12/1/2049 | 2750000 | 2777481 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue Bonds <br> (The United Methodist <br> Retirement Homes) Ser. A<br>| 5.13 | 10/1/2054 | 1250000 | 1224486 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue <br> Bonds, Refunding (Lutheran <br> Services for the Aging <br> Obligated Group)<br>| 4.00 | 3/1/2051 | 2300000 | 1802351 |

---

**20**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **North Carolina — 3.1% (continued)** | **North Carolina — 3.1% (continued)** | **North Carolina — 3.1% (continued)** | **North Carolina — 3.1% (continued)** | **North Carolina — 3.1% (continued)** |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care <br> Commission, Revenue <br> Bonds, Refunding <br> (Pennybyrn at Maryfield)<br>| 5.00 | 10/1/2035 | 1005000 | 981517 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2022-<br> XF1352), (North Carolina <br> State Medical Care <br> Commission Health Care <br> Facilities, Revenue Bonds <br> (Novant Health Obligated <br> Group) Ser. A)) Non-<br> Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 5.55 | 11/1/2052 | 10000000 | 8342697 |
|  |  |  |  | **15128532** |
| **Ohio — 5.0%** | **Ohio — 5.0%** | **Ohio — 5.0%** | **Ohio — 5.0%** | **Ohio — 5.0%** |
| &nbsp;&nbsp;&nbsp; Buckeye Tobacco Settlement <br> Financing Authority, <br> Revenue Bonds, Refunding, <br> Ser. B2<br>| 5.00 | 6/1/2055 | 11055000 | 9438123 |
| &nbsp;&nbsp;&nbsp; Canal Winchester Local School <br> District, GO, Refunding <br> (Insured; National Public <br> Finance Guarantee Corp.)<sup>(f)</sup> <br>| 0.00 | 12/1/2029 | 3955000 | 3428489 |
| &nbsp;&nbsp;&nbsp; Canal Winchester Local School <br> District, GO, Refunding <br> (Insured; National Public <br> Finance Guarantee Corp.)<sup>(f)</sup> <br>| 0.00 | 12/1/2031 | 3955000 | 3163547 |
| &nbsp;&nbsp;&nbsp; Cuyahoga County, Revenue <br> Bonds, Refunding (The <br> MetroHealth System)<br>| 5.00 | 2/15/2052 | 2000000 | 1839103 |
| &nbsp;&nbsp;&nbsp; Franklin County Convention <br> Facilities Authority, Revenue <br> Bonds (GRTR Columbus <br> Convention Center)<br>| 5.00 | 12/1/2044 | 1250000 | 1166827 |

---

**21**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Ohio — 5.0% (continued)** | **Ohio — 5.0% (continued)** | **Ohio — 5.0% (continued)** | **Ohio — 5.0% (continued)** | **Ohio — 5.0% (continued)** |
| &nbsp;&nbsp;&nbsp; Port of Greater Cincinnati <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Duke Energy Co.) (Insured; <br> Assured Guaranty Municipal <br> Corp.) Ser. B<br>| 4.38 | 12/1/2058 | 1000000 | 904936 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF1711), (University of <br> Cincinnati Ohio Receipt, <br> Revenue Bonds, Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 12.95 | 6/1/2049 | 4525000 | 4617548 |
|  |  |  |  | **24558573** |
| **Oklahoma — 1.1%** | **Oklahoma — 1.1%** | **Oklahoma — 1.1%** | **Oklahoma — 1.1%** | **Oklahoma — 1.1%** |
| &nbsp;&nbsp;&nbsp; Oklahoma Development <br> Finance Authority, Revenue <br> Bonds (OU Medicine Project) <br> Ser. B<br>| 5.50 | 8/15/2057 | 1500000 | 1471042 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1163), (Oklahoma City <br> Water Utilities Trust, <br> Revenue Bonds, Refunding) <br> Non-Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 13.82 | 7/1/2064 | 3600000 | 3733209 |
|  |  |  |  | **5204251** |
| **Oregon — .6%** | **Oregon — .6%** | **Oregon — .6%** | **Oregon — .6%** | **Oregon — .6%** |
| &nbsp;&nbsp;&nbsp; Clackamas County Hospital <br> Facility Authority, Revenue <br> Bonds, Refunding <br> (Willamette View Obligated <br> Group) Ser. A<br>| 5.00 | 11/15/2047 | 1500000 | 1379374 |
| &nbsp;&nbsp;&nbsp; Port of Portland OR Airport, <br> Revenue Bonds, Refunding, <br> Ser. 29<br>| 5.50 | 7/1/2048 | 1250000 | 1294861 |
|  |  |  |  | **2674235** |
| **Pennsylvania — 5.5%** | **Pennsylvania — 5.5%** | **Pennsylvania — 5.5%** | **Pennsylvania — 5.5%** | **Pennsylvania — 5.5%** |
| &nbsp;&nbsp;&nbsp; Clairton Municipal Authority, <br> Revenue Bonds, Refunding, <br> Ser. B<br>| 5.00 | 12/1/2034 | 1000000 | 1070795 |

---

**22**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Pennsylvania — 5.5% (continued)** | **Pennsylvania — 5.5% (continued)** | **Pennsylvania — 5.5% (continued)** | **Pennsylvania — 5.5% (continued)** | **Pennsylvania — 5.5% (continued)** |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic <br> Development Financing <br> Authority, Revenue Bonds <br> (The Penndot Major <br> Bridges)<br>| 6.00 | 6/30/2061 | 3000000 | 3143665 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher <br> Educational Facilities <br> Authority, Revenue Bonds, <br> Refunding (University of <br> Sciences in Philadelphia)<br>| 5.00 | 11/1/2036 | 3675000 | 3677650 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Turnpike <br> Commission, Revenue <br> Bonds, Ser. A<br>| 4.00 | 12/1/2050 | 1500000 | 1299666 |
| &nbsp;&nbsp;&nbsp; Philadelphia, Revenue Bonds, <br> Refunding (Private Activity)<br>| 5.00 | 7/1/2027 | 4300000 | 4446924 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XF1525), (Pennsylvania <br> Economic Development <br> Financing Authority UPMC, <br> Revenue Bonds, Ser. A) <br> Recourse, Underlying <br> Coupon Rate 4.00%<sup>(b),(d),(e)</sup> <br>| 5.44 | 5/15/2053 | 4000000 | 3373274 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1133), (Philadelphia <br> Water & Wastewater, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Municipal Corp.) Ser. B) <br> Non-Recourse, Underlying <br> Coupon Rate 5.50%<sup>(b),(d),(e)</sup> <br>| 14.56 | 9/1/2053 | 5820000 | 6101509 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF1750), (Philadelphia Gas <br> Works, Revenue Bonds, <br> Refunding (Insured; Assured <br> Guaranty Corp.) Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 13.61 | 8/1/2054 | 3600000 | 3678286 |
|  |  |  |  | **26791769** |

---

**23**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Rhode Island — 1.1%** | **Rhode Island — 1.1%** | **Rhode Island — 1.1%** | **Rhode Island — 1.1%** | **Rhode Island — 1.1%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1117), (Rhode Island <br> Infrastructure Bank State <br> Revolving Fund, Revenue <br> Bonds, Ser. A) Non-<br> Recourse, Underlying <br> Coupon Rate 4.13%<sup>(b),(d),(e)</sup> <br>| 5.56 | 10/1/2048 | 6000000 | **5551291** |
| **South Carolina — 4.1%** | **South Carolina — 4.1%** | **South Carolina — 4.1%** | **South Carolina — 4.1%** | **South Carolina — 4.1%** |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic <br> Development Authority, <br> Revenue Bonds, Refunding <br> (Bon Secours Mercy Health)<br>| 4.00 | 12/1/2044 | 2810000 | 2481086 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service <br> Authority, Revenue Bonds, <br> Refunding (Santee Cooper) <br> Ser. A<br>| 4.00 | 12/1/2055 | 3000000 | 2488602 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1175), (South Carolina <br> Public Service Authority, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Municipal Corp.) Ser. B) <br> Non-Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 9.99 | 12/1/2054 | 15000000 | 15022640 |
|  |  |  |  | **19992328** |
| **South Dakota — 1.0%** | **South Dakota — 1.0%** | **South Dakota — 1.0%** | **South Dakota — 1.0%** | **South Dakota — 1.0%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2022-<br> XF1409), (South Dakota <br> Health & Educational <br> Facilities Authority, Revenue <br> Bonds, Refunding (Avera <br> Health Obligated Group)) <br> Non-Recourse, Underlying <br> Coupon Rate 5.00%<sup>(b),(d),(e)</sup> <br>| 12.95 | 7/1/2046 | 4720000 | **4632316** |
| **Texas — 13.1%** | **Texas — 13.1%** | **Texas — 13.1%** | **Texas — 13.1%** | **Texas — 13.1%** |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (BASIS Texas Charter <br> Schools)<sup>(b)</sup> <br>| 4.88 | 6/15/2054 | 1100000 | 985085 |

---

**24**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (BASIS Texas Charter <br> Schools)<sup>(b)</sup> <br>| 5.00 | 6/15/2064 | 1400000 | 1247250 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (Riverwalk Education <br> Foundation, Inc.) (Insured; <br> Permanent School Fund <br> Guaranteed)<br>| 4.50 | 8/15/2060 | 2000000 | 1819813 |
| &nbsp;&nbsp;&nbsp; Arlington Higher Education <br> Finance Corp., Revenue <br> Bonds (Uplift Education) <br> (Insured; Permanent School <br> Fund Guarantee Program) <br> Ser. A<br>| 4.25 | 12/1/2053 | 1500000 | 1347552 |
| &nbsp;&nbsp;&nbsp; Central Texas Regional <br> Mobility Authority, Revenue <br> Bonds<br>| 5.00 | 1/1/2048 | 1275000 | 1275260 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds (IDEA Public Schools) <br> Ser. A<br>| 4.00 | 8/15/2047 | 3100000 | 2651632 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds (International <br> Leadership of Texas) Ser. A<br>| 5.75 | 8/15/2045 | 4500000 | 4514244 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds (International <br> Leadership of Texas) Ser. D<br>| 5.75 | 8/15/2033 | 1000000 | 1003165 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds (International <br> Leadership of Texas) Ser. D<br>| 6.13 | 8/15/2048 | 6000000 | 6021475 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds (Uplift Education) <br> Ser. A<br>| 4.50 | 12/1/2044 | 2500000 | 2193032 |

---

**25**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds, Refunding (IDEA <br> Public Schools) (Insured; <br> Permanent School Fund <br> Guarantee Program)<br>| 4.00 | 8/15/2054 | 1000000 | 848879 |
| &nbsp;&nbsp;&nbsp; Clifton Higher Education <br> Finance Corp., Revenue <br> Bonds, Refunding <br> (International Leadership of <br> Texas) (Insured; Permanent <br> School Fund Guarantee <br> Program) Ser. A<br>| 4.25 | 8/15/2053 | 1000000 | 878249 |
| &nbsp;&nbsp;&nbsp; Dallas Independent School <br> District, GO, Refunding <br> (Insured; Permanent School <br> Fund Guarantee Program)<br>| 4.00 | 2/15/2054 | 2250000 | 1943732 |
| &nbsp;&nbsp;&nbsp; El Paso County Hospital <br> District, GO (El Paso County) <br> (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 5.50 | 2/15/2050 | 1500000 | 1562399 |
| &nbsp;&nbsp;&nbsp; Fort Bend County Toll Road, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Municipal Corp.)<br>| 4.25 | 3/1/2054 | 2500000 | 2199845 |
| &nbsp;&nbsp;&nbsp; Grand Parkway Transportation <br> Corp., Revenue Bonds, <br> Refunding<br>| 4.00 | 10/1/2049 | 1000000 | 863138 |
| &nbsp;&nbsp;&nbsp; Harris County-Houston Sports <br> Authority, Revenue Bonds, <br> Refunding (Insured; Assured <br> Guaranty Municipal Corp.) <br> Ser. A<sup>(f)</sup> <br>| 0.00 | 11/15/2050 | 6500000 | 1649460 |
| &nbsp;&nbsp;&nbsp; Houston Airport System, <br> Revenue Bonds, (United <br> Airlines) Ser. B<br>| 5.50 | 7/15/2039 | 3000000 | 3070695 |
| &nbsp;&nbsp;&nbsp; Houston Airport System, <br> Revenue Bonds, Refunding <br> (Insured; Assured Guaranty <br> Municipal Corp.) Ser. A<br>| 4.50 | 7/1/2053 | 2400000 | 2197872 |
| &nbsp;&nbsp;&nbsp; Houston Airport System, <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 4.00 | 7/1/2046 | 1610000 | 1398059 |

---

**26**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Lamar Consolidated <br> Independent School District, <br> GO<br>| 4.00 | 2/15/2053 | 1235000 | 1069037 |
| &nbsp;&nbsp;&nbsp; Mission Economic <br> Development Corp., Revenue <br> Bonds, Refunding <br> (Natgasoline Project)<sup>(b)</sup> <br>| 4.63 | 10/1/2031 | 2000000 | 2003203 |
| &nbsp;&nbsp;&nbsp; Port of Beaumont Navigation <br> District, Revenue Bonds <br> (Jefferson Gulf Coast Energy <br> Project) Ser. A<sup>(b)</sup> <br>| 5.25 | 1/1/2054 | 1500000 | 1377314 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural <br> Education Facilities Finance <br> Corp., Revenue Bonds <br> (Baylor Scott & White Health <br> Project)<br>| 5.00 | 11/15/2051 | 2000000 | 2001838 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2023-<br> XM1125), (Medina Valley <br> Independent School District, <br> GO (Insured; Permanent <br> School Fund Guarantee <br> Program)) Non-Recourse, <br> Underlying Coupon Rate <br> 4.00%<sup>(b),(d),(e)</sup> <br>| 7.32 | 2/15/2053 | 7500000 | 6468385 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1164), (Texas University <br> System, Revenue Bonds, <br> Refunding) Non-Recourse, <br> Underlying Coupon Rate <br> 5.25%<sup>(b),(d),(e)</sup> <br>| 14.03 | 3/15/2054 | 4000000 | 4112712 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas <br> Acquisition & Supply Corp. <br> IV, Revenue Bonds, Ser. B<sup>(a)</sup> <br>| 5.50 | 1/1/2034 | 4000000 | 4390352 |

---

**27**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** | **Texas — 13.1% (continued)** |
| &nbsp;&nbsp;&nbsp; Texas Private Activity Bond <br> Surface Transportation <br> Corp., Revenue Bonds <br> (Segment 3C Project)<br>| 5.00 | 6/30/2058 | 1500000 | 1434663 |
| &nbsp;&nbsp;&nbsp; Waxahachie Independent <br> School District, GO (Insured; <br> Permanent School Fund <br> Guarantee Program)<br>| 4.25 | 2/15/2053 | 1500000 | 1362650 |
|  |  |  |  | **63890990** |
| **U.S. Related — 1.2%** | **U.S. Related — 1.2%** | **U.S. Related — 1.2%** | **U.S. Related — 1.2%** | **U.S. Related — 1.2%** |
| &nbsp;&nbsp;&nbsp; Guam Housing Corp., Revenue <br> Bonds (Insured; Federal <br> Home Loan Mortgage Corp.) <br> Ser. A<br>| 5.75 | 9/1/2031 | 685000 | 689621 |
| Puerto Rico, GO, Ser. A<sup>(f)</sup> <br>| 0.00 | 7/1/2033 | 381733 | 264369 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2033 | 296629 | 289625 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2035 | 266630 | 256963 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2037 | 228839 | 218252 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2041 | 311133 | 276812 |
| Puerto Rico, GO, Ser. A1 | 4.00 | 7/1/2046 | 323574 | 276839 |
| Puerto Rico, GO, Ser. A1 | 5.38 | 7/1/2025 | 164953 | 164953 |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2027 | 327370 | 336975 |
| Puerto Rico, GO, Ser. A1 | 5.63 | 7/1/2029 | 2356059 | 2486258 |
| Puerto Rico, GO, Ser. A1 | 5.75 | 7/1/2031 | 312813 | 337614 |
|  |  |  |  | **5598281** |
| **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** | **Utah — 1.3%** |
| &nbsp;&nbsp;&nbsp; Mida Cormont Public <br> Infrastructure District, GO, <br> Ser. A2<sup>(b),(h)</sup> <br>| 6.75 | 6/1/2055 | 2535000 | 2065852 |
| &nbsp;&nbsp;&nbsp; Point Phase 1 Public <br> Infrastructure District No 1, <br> Revenue Bonds, Ser. A1<br>| 6.13 | 3/1/2055 | 1000000 | 1014230 |
| &nbsp;&nbsp;&nbsp; Utah Charter School Finance <br> Authority, Revenue Bonds, <br> Refunding (Summit <br> Academy) Ser. A<br>| 5.00 | 4/15/2049 | 690000 | 676401 |
| &nbsp;&nbsp;&nbsp; Utah Infrastructure Agency, <br> Revenue Bonds, Refunding, <br> Ser. A<br>| 5.00 | 10/15/2037 | 2345000 | 2371618 |
|  |  |  |  | **6128101** |

---

**28**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Virginia — 3.8%** | **Virginia — 3.8%** | **Virginia — 3.8%** | **Virginia — 3.8%** | **Virginia — 3.8%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2018-<br> XM0593), (Hampton Roads <br> Transportation <br> Accountability Commission, <br> Revenue Bonds) Non-<br> Recourse, Underlying <br> Coupon Rate 5.50%<sup>(b),(d),(e)</sup> <br>| 14.53 | 7/1/2057 | 7500000 | 8031688 |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XM1176), (Virginia State <br> Housing Development <br> Authority, Revenue Bonds, <br> Ser. A) Recourse, Underlying <br> Coupon Rate 4.80%<sup>(b),(d),(e)</sup> <br>| 12.15 | 9/1/2059 | 4900000 | 4763108 |
| &nbsp;&nbsp;&nbsp; Virginia Small Business <br> Financing Authority, <br> Revenue Bonds (Transform <br> 66 P3 Project)<br>| 5.00 | 12/31/2052 | 4620000 | 4367238 |
| &nbsp;&nbsp;&nbsp; Williamsburg Economic <br> Development Authority, <br> Revenue Bonds (William & <br> Mary Project) (Insured; <br> Assured Guaranty Municipal <br> Corp.) Ser. A<br>| 4.13 | 7/1/2058 | 1250000 | 1105286 |
|  |  |  |  | **18267320** |
| **Washington — 1.3%** | **Washington — 1.3%** | **Washington — 1.3%** | **Washington — 1.3%** | **Washington — 1.3%** |
| &nbsp;&nbsp;&nbsp; Tender Option Bond Trust <br> Receipts (Series 2024-<br> XF1730), (Port of Seattle <br> Washington, Revenue Bonds, <br> Refunding Ser. B) Non-<br> Recourse, Underlying <br> Coupon Rate 5.25%<sup>(b),(d),(e)</sup> <br>| 13.62 | 7/1/2049 | 3500000 | 3587341 |
| &nbsp;&nbsp;&nbsp; Washington Housing Finance <br> Commission, Revenue <br> Bonds, Refunding <br> (Presbyterian Retirement <br> Communities Northwest <br> Obligated Group) Ser. A<sup>(b)</sup> <br>| 5.00 | 1/1/2051 | 3200000 | 2859965 |
|  |  |  |  | **6447306** |

---

**29**

------

*STATEMENT OF INVESTMENTS (Unaudited) (continued)*

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **West Virginia — .9%** | **West Virginia — .9%** | **West Virginia — .9%** | **West Virginia — .9%** | **West Virginia — .9%** |
| &nbsp;&nbsp;&nbsp; West Virginia Hospital Finance <br> Authority, Revenue Bonds <br> (West Virginia University <br> Health System Obligated <br> Group) Ser. A<br>| 5.50 | 6/1/2050 | 4000000 | **4154782** |
| **Wisconsin — 4.6%** | **Wisconsin — 4.6%** | **Wisconsin — 4.6%** | **Wisconsin — 4.6%** | **Wisconsin — 4.6%** |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds<sup>(b)</sup> <br>| 5.00 | 7/1/2055 | 1000000 | 885574 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (Cone <br> Health) Ser. A<br>| 5.00 | 10/1/2052 | 1500000 | 1501989 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (EMU <br> Campus Living) (Insured; <br> Build America Mutual) Ser. <br> A1<br>| 5.50 | 7/1/2052 | 2500000 | 2531327 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds (EMU <br> Campus Living) (Insured; <br> Build America Mutual) Ser. <br> A1<br>| 5.63 | 7/1/2055 | 2035000 | 2059015 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds <br> (Southminster Obligated <br> Group)<sup>(b)</sup> <br>| 5.00 | 10/1/2053 | 2015000 | 1818087 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Ser. 1<br>| 5.75 | 7/1/2062 | 4639715 | 4655121 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Kahala Nui Project)<br>| 5.25 | 11/15/2061 | 1500000 | 1497442 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Lindenwood Education <br> System) Ser. A<sup>(b)</sup> <br>| 5.50 | 6/1/2040 | 1750000 | 1765029 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Mary's Woods at <br> Marylhurst Project)<sup>(b)</sup> <br>| 5.25 | 5/15/2047 | 750000 | 696301 |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Roseman University of <br> Health Sciences)<sup>(b),(g)</sup> <br>| 5.00 | 4/1/2030 | 45000 | 48968 |

---

**30**

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Description | Coupon<br> Rate (%)<br>| Maturity<br> Date<br>| Principal<br> Amount ($)<br>| Value ($) |
| **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** | **Long-Term Municipal Investments — 128.6% (continued)** |
| **Wisconsin — 4.6% (continued)** | **Wisconsin — 4.6% (continued)** | **Wisconsin — 4.6% (continued)** | **Wisconsin — 4.6% (continued)** | **Wisconsin — 4.6% (continued)** |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, <br> Revenue Bonds, Refunding <br> (Triad Educational Services, <br> Inc.)<br>| 5.25 | 6/15/2065 | 2000000 | 1870592 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & <br> Educational Facilities <br> Authority, Revenue Bonds <br> (Bellin Memorial Hospital <br> Obligated Group)<br>| 5.50 | 12/1/2052 | 1250000 | 1296079 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & <br> Educational Facilities <br> Authority, Revenue Bonds, <br> Refunding (St. <br> Camillus Health System <br> Obligated Group)<br>| 5.00 | 11/1/2046 | 2000000 | 1777755 |
|  |  |  |  | **22403279** |
| **Total Investments** (cost $656,374,376) | **Total Investments** (cost $656,374,376) |  | **128.6%** | **625920331** |
| **Liabilities, Less Cash and Receivables** | **Liabilities, Less Cash and Receivables** |  | **(28.6%)** | **(139119418)** |
| **Net Assets Applicable to Common Stockholders** | **Net Assets Applicable to Common Stockholders** | **Net Assets Applicable to Common Stockholders** | **100.0%** | **486800913** |

---

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

---

| |
|:---|
| *FHLMC—Federal Home Loan Mortgage Corporation* |
| *FNMA—Federal National Mortgage Association* |
| *GNMA—Government National Mortgage Association* |
| *GO—Government Obligation* |

---

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

<sup>(a)</sup> *These securities have a put feature; the date shown represents the put date and the bond holder can take a* *specific action to retain the bond after the put date.* 

<sup>(b)</sup> *Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933. These securities* *may be resold in transactions exempt from registration, normally to qualified institutional buyers. At* *June 30, 2025, these securities amounted to $246,374,009 or 50.6% of net assets applicable to Common* *Stockholders.* 

<sup>(c)</sup> *Non-income producing—security in default.*

<sup>(d)</sup> *The Variable Rate is determined by the Remarketing Agent in its sole discretion based on prevailing market* *conditions and may, but need not, be established by reference to one or more financial indices.* 

<sup>(e)</sup> *Collateral for floating rate borrowings. The coupon rate given represents the current interest rate for the* *inverse floating rate security.* 

<sup>(f)</sup> *Security issued with a zero coupon. Income is recognized through the accretion of discount.*

<sup>(g)</sup> *These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are* *prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay* *principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.* 

<sup>(h)</sup> *Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity.*

*See notes to statement of investments.*

**31**

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Statement of Investments <br>

BNY Mellon Strategic Municipals, Inc.

June 30, 2025 (Unaudited)

The following is a summary of the inputs used as of June 30, 2025 in valuing the fund's investments:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1 -** <br>**Unadjusted** <br>**Quoted Prices**<br>| **Level 2- Other** <br>**Significant** <br>**Observable Inputs**<br>| **Level 3-** <br>**Significant** <br>**Unobservable** <br>**Inputs**<br>| **Total** |
| **Assets ($)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments in <br> Securities:<sup>†</sup> <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Municipal <br> Securities<br>|  | 625920331 |  | **625920331** |
|  | **—** | **625920331** | **—** | **625920331** |
| **Liabilities ($)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Other Financial <br> Instruments:<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Inverse Floater <br> Notes<sup>††</sup> <br>|  | (137980000) |  | **(137980000)** |
|  | **—** | **(137980000)** | **—** | **(137980000)** |

---

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

---

| | |
|:---|:---|
| <sup>†</sup> <br>| *See Statement of Investments for additional detailed categorizations, if any.* |
| <sup>††</sup> <br>| *Certain of the fund's liabilities are held at carrying amount, which approximates fair value for financial* <br> *reporting purposes.*<br>|

---

**32**

------

The Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") is the exclusive reference of authoritative U.S. generally accepted accounting principles ("GAAP") recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission ("SEC") under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund is an investment company and applies the accounting and reporting guidance of the FASB ASC Topic 946 Financial Services-Investment Companies. The fund's financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund's investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

**Level 1**—unadjusted quoted prices in active markets for identical investments.

**Level 2**—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

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

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

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund's investments are as follows:

The fund's Board of Directors (the "Board") has designated the Adviser as the fund's valuation designee to make all fair value determinations with respect to the fund's portfolio investments, subject to the Board's oversight and pursuant to Rule 2a-5 under the Act.

Investments in municipal securities are valued each business day by an independent pricing service (the "Service") approved by the Board. Investments for which quoted bid

**33**

------

prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Municipal investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of the following: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. The Service is engaged under the general oversight of the Board. All of the preceding securities are generally categorized within Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to accurately reflect fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For securities where observable inputs are limited, assumptions about market activity and risk are used and such securities are generally categorized within Level 3 of the fair value hierarchy.

The fund may invest in inverse floater securities on either a non-recourse or recourse basis. These securities are typically supported by a liquidity facility provided by a bank or other financial institution (the "Liquidity Provider") that allows the holders of the Trust Certificates to tender their certificates in exchange for payment from the Liquidity

**34**

------

Provider of par plus accrued interest on any business day prior to a termination event. When the fund invests in inverse floater securities on a non-recourse basis, the Liquidity Provider is required to make a payment under the liquidity facility due to a termination event to the holders of the Trust Certificates. When this occurs, the Liquidity Provider typically liquidates all or a portion of the municipal securities held in the Inverse Floater Trust. A liquidation shortfall occurs if the Trust Certificates exceed the proceeds of the sale of the bonds in the Inverse Floater Trust ("Liquidation Shortfall"). When a fund invests in inverse floater securities on a recourse basis, the fund typically enters into a reimbursement agreement with the Liquidity Provider where the fund is required to repay the Liquidity Provider the amount of any Liquidation Shortfall. As a result, a fund investing in a recourse inverse floater security bears the risk of loss with respect to any Liquidation Shortfall.

At June 30, 2025, accumulated net unrealized depreciation on investments was $30,454,045, consisting of $7,535,592 gross unrealized appreciation and $37,989,637 gross unrealized depreciation.

At June 30, 2025, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC on Form N-CSR.

**35**

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BNY Mellon Strategic Municipals, Inc.

- **b. Investment Company Act file number:** 811-05245

- **c. CIK number of Registrant:** 0000818972

- **d. LEI of Registrant:** 549300FH0LKMOBY7N332

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

  - **Street Address 1:** 240 Greenwich Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10286

  - **Telephone number:** 212-922-6400

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

- **a. Name of Series:** BNY Mellon Strategic Municipals, Inc.

- **c. LEI of Series:** 549300FH0LKMOBY7N332

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $647667473.42

**Total Liabilities:** $239770052.50

**Net Assets:** $407897420.92

**Delayed Delivery Securities:** $9033465.00

**Cash Not Reported:** $4284402.03

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 227.64410000 | **1-Year:** 6827.44864000 | **5-Year:** 37990.75542000 | **10-Year:** 336324.31059000 | **30-Year:** 60829.16768000

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

- **3-Month:** 99.59928000 | **1-Year:** 408.26198000 | **5-Year:** 3793.76026000 | **10-Year:** 37916.76253000 | **30-Year:** 2493.77415000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -4.10%               | -0.02%               | 1.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-287472.04              | $-10424522.28                              |
| Month 2  | $-511726.16              | $-7109028.54                               |
| Month 3  | $-893115.85              | $2503978.56                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW JERSEY ST ECON DEV AUTH RE                            | New Jersey Economic Development Authority                                        | CUSIP: 64577XEK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1856857.60   | 0.46%             | 2027-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    164953 | PA      | $164953.00    | 0.04%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145UF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $848879.00    | 0.21%             | 2054-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    327370 | PA      | $336974.84    | 0.08%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                            | Palm Beach County Health Facilities Authority                                    | CUSIP: 696507US9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2030213.90   | 0.50%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE                            | Public Finance Authority                                                         | CUSIP: 744396KG6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $885574.10    | 0.22%             | 2055-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                 | Philadelphia Gas Works Co (TOBs)                                                 | CUSIP: 71783MDF9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3678286.50   | 0.90%             | 2054-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST                                  | Dallas Independent School District                                               | CUSIP: 235308Q22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1943732.03   | 0.48%             | 2054-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTIC BEACH FL HLTH CARE FA                            | City of Atlantic Beach FL                                                        | CUSIP: 048251CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3460000 | PA      | $3111684.91   | 0.76%             | 2053-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REV                            | Build NYC Resource Corp                                                          | CUSIP: 12008EWK8<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042770.90   | 0.26%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A                            | South Carolina Public Service Authority                                          | CUSIP: 837151A25<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2488601.70   | 0.61%             | 2055-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                            | Colorado Health Facilities Authority                                             | CUSIP: 19648FRW6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $3651070.50   | 0.90%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH                                         | Finance Authority of Maine                                                       | CUSIP: 56042BCS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1801518.25   | 0.44%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2193031.50   | 0.54%             | 2044-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57584Y4T3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1467484.20   | 0.36%             | 2052-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                   | South Carolina Public Service Authority (TOBs)                                   | CUSIP: 8371514Y2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15022640.00  | 3.68%             | 2054-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST STUDENT LOAN LIQUIDITY                            | Iowa Student Loan Liquidity Corp                                                 | CUSIP: 462590NK2<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2108636.20   | 0.52%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145PF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3100000 | PA      | $2651632.43   | 0.65%             | 2047-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL INDL DEV AUTH                            | Seminole County Industrial Development Authority                                 | CUSIP: 81669TAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2266466.75   | 0.56%             | 2054-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV                             | Westchester County Local Development Corp                                        | CUSIP: 95737TET9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $1969122.22   | 0.48%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL EDU F                            | Tarrant County Cultural Education Facilities Finance Corp                        | CUSIP: 87638QSE0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001837.80   | 0.49%             | 2051-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3N5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    311133 | PA      | $276812.54    | 0.07%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HLTH & EDUCTNL                             | Connecticut State Health & Educational Facilities Authority                      | CUSIP: 20775DHW5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $816423.50    | 0.20%             | 2055-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COMMISSION                            | Missouri Housing Development Commission                                          | CUSIP: 60637B8G8<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1637869.66   | 0.40%             | 2049-11-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65821DYG0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2300000 | PA      | $1802351.07   | 0.44%             | 2051-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLLIER CNTY FL INDL DEV AUTH                             | Collier County Industrial Development Authority                                  | CUSIP: 194641BB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1711823.50   | 0.42%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145SV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $878248.80    | 0.22%             | 2053-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue      | County of Miami-Dade FL Water & Sewer System Revenue (TOBs)                      | CUSIP: 59334DLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12750000 | PA      | $10992871.50  | 2.70%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH EXEMPT FAC                            | Indiana Finance Authority                                                        | CUSIP: 45470DAA5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   5525000 | PA      | $830414.13    | 0.20%             | 2039-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I                            | Indianapolis Local Public Improvement Bond Bank                                  | CUSIP: 45528U7K1<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1783013.93   | 0.44%             | 2067-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                        | Port of Seattle WA (TOBs)                                                        | CUSIP: 7353892S6<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3587340.75   | 0.88%             | 2049-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority     | Pennsylvania Economic Development Financing Authority (TOBs)                     | CUSIP: 70870JFM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3373274.00   | 0.83%             | 2048-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VAUXMONT MET DIST CO                                      | Vauxmont Metropolitan District                                                   | CUSIP: 92242SAN3<br>LEI: 549300M7XL6MB0OW8D56 | Long             | DBT              | MUN               | US        |    520000 | PA      | $388841.23    | 0.10%             | 2050-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MIDA CORMONT PUBLIC INFRASTRUC                            | Mida Cormont Public Infrastructure District                                      | CUSIP: 59561JAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2065851.86   | 0.51%             | 2055-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVEN                            | New Hampshire Business Finance Authority                                         | CUSIP: 63608TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $964789.28    | 0.24%             | 2033-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486E39<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $993131.90    | 0.24%             | 2049-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                            | Louisiana Public Facilities Authority                                            | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3280708.29   | 0.80%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65821DTH4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $981516.87    | 0.24%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE TX INDEP SCH DIST                              | Waxahachie Independent School District                                           | CUSIP: 944097ZJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1362650.10   | 0.33%             | 2053-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505VA1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1402278.36   | 0.34%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                 | Salt Verde Financial Corp (TOBs)                                                 | CUSIP: 79575EAS7<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $4202168.64   | 1.03%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM                            | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CDX7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    635000 | PA      | $611609.01    | 0.15%             | 2032-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MUNI ELEC AUTH OF GA                                      | Municipal Electric Authority of Georgia                                          | CUSIP: 62620HEL2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3229262.73   | 0.79%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REGL ARPT AU                            | San Diego County Regional Airport Authority                                      | CUSIP: 79739GNX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4225000 | PA      | $4189644.36   | 1.03%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                             | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250CL6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1928838.60   | 0.47%             | 2057-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL INDL DEV AUTH HOSP                            | Lee County Industrial Development Authority/FL                                   | CUSIP: 52350LAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1378993.44   | 0.34%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                             | Black Belt Energy Gas District                                                   | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117598.40   | 0.52%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A                            | St Louis County Industrial Development Authority                                 | CUSIP: 791524CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $1917162.07   | 0.47%             | 2048-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   2356059 | PA      | $2486257.88   | 0.61%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMSBURG VA ECON DEV AUTH                             | Williamsburg Economic Development Authority                                      | CUSIP: 969671AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1105286.13   | 0.27%             | 2058-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                      | Colorado Health Facilities Authority (TOBs)                                      | CUSIP: 19648FKA1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4665715.17   | 1.14%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN CNTY AL INDL DEV AUTH                             | Baldwin County Industrial Development Authority                                  | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009004.40   | 0.25%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL                             | Black Belt Energy Gas District                                                   | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5555000 | PA      | $5861108.28   | 1.44%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                  | New York Transportation Development Corp (TOBs)                                  | CUSIP: 650116HR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3734765.32   | 0.92%             | 2060-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT                             | Buckeye Tobacco Settlement Financing Authority                                   | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11055000 | PA      | $9438123.34   | 2.31%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN ECON DEV AUTH HLTH C                            | Duluth Economic Development Authority                                            | CUSIP: 26444CHG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2905980.30   | 0.71%             | 2058-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145JT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6021474.60   | 1.48%             | 2048-08-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP PRIV                            | Maryland Economic Development Corp                                               | CUSIP: 57422JCA4<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3059862.94   | 0.75%             | 2055-06-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC                            | Public Finance Authority                                                         | CUSIP: 74443DLU3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1765029.35   | 0.43%             | 2040-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH MIDWSTRN DISA                            | Iowa Finance Authority                                                           | CUSIP: 46246SAU9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1604795.65   | 0.39%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brookhaven Development Authority                          | Brookhaven Development Authority (TOBs)                                          | CUSIP: 113073AW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6340000 | PA      | $6140817.81   | 1.51%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2408636.76   | 0.59%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODBURY MN CHRT SCH LEASE REV                            | City of Woodbury MN                                                              | CUSIP: 979134BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904859.90    | 0.22%             | 2063-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                              | Michigan Finance Authority                                                       | CUSIP: 59447TG80<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   4435000 | PA      | $4491454.45   | 1.10%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57584X4P3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923369.70    | 0.23%             | 2057-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F                            | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1309082.40   | 0.32%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GLENDALE AZ INDL DEV AUTH SENI                            | Glendale Industrial Development Authority                                        | CUSIP: 378287AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1098246.83   | 0.27%             | 2054-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RENO NV SALES TAX REVENUE                                 | City of Reno NV                                                                  | CUSIP: 759861DT1<br>LEI: 549300M4R5WWSUWY8D52 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2335294.50   | 0.57%             | 2058-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA REVENUE                                  | District of Columbia                                                             | CUSIP: 25483VE91<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2820000 | PA      | $2910058.96   | 0.71%             | 2055-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CANAL WINCHESTER OH LOCAL SCH                             | Canal Winchester Local School District                                           | CUSIP: 137087JZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3163546.76   | 0.78%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                | Public Finance Authority                                                         | CUSIP: 74442PZQ1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48968.02     | 0.01%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $985085.09    | 0.24%             | 2054-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE                              | Illinois Finance Authority                                                       | CUSIP: 45204FSP1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041437.50   | 0.26%             | 2052-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| DETROIT MI DOWNTOWN DEV AUTH T                            | Detroit Downtown Development Authority                                           | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1260709.50   | 0.31%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT OF GTR CINCINNATI DEV AUT                            | Port of Greater Cincinnati Development Authority                                 | CUSIP: 734195EE6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904935.90    | 0.22%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CNTY CA TOBACCO SEC                            | California County Tobacco Securitization Agency                                  | CUSIP: 13016NEZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1188534.76   | 0.29%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAMPART RANGE CO MET DIST #5                              | Rampart Range Metropolitan District No 5                                         | CUSIP: 75157WAC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1574139.80   | 0.39%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Transportation Accountability Commission    | Hampton Roads Transportation Accountability Commission (TOBs)                    | CUSIP: 40934TAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8031688.13   | 1.97%             | 2057-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                             | Arizona Industrial Development Authority                                         | CUSIP: 040523AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $30000.00     | 0.01%             | 2051-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY CA CMNTY FACS DIST                            | Orange County Community Facilities District                                      | CUSIP: 68423PZK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504056.60   | 0.37%             | 2052-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA CNTY OH HOSP REVENUE                             | County of Cuyahoga OH                                                            | CUSIP: 2322655T1<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1839103.40   | 0.45%             | 2052-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003165.30   | 0.25%             | 2033-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1158096.35   | 0.28%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NTHRN AK TOBACCO SECURITIZATIO                            | Northern Tobacco Securitization Corp                                             | CUSIP: 66585VBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2496577.20   | 0.61%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                            | Colorado Health Facilities Authority                                             | CUSIP: 19648FWU4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1509769.35   | 0.37%             | 2052-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                             | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCL0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $3163411.26   | 0.78%             | 2050-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Medina Valley Independent School District                 | Medina Valley Independent School District (TOBs)                                 | CUSIP: 584887UR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6468385.00   | 1.59%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BCS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $347117.88    | 0.09%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ERNEST N MORIAL-NEW ORLEANS LA                            | Ernest N Morial New Orleans Exhibition Hall Authority                            | CUSIP: 295852KY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1297916.38   | 0.32%             | 2054-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A C                            | Southeast Energy Authority A Cooperative District                                | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3697651.30   | 0.91%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV SCH DIST                                    | Clark County School District                                                     | CUSIP: 1810592S4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3745000 | PA      | $3670397.73   | 0.90%             | 2041-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank State Revolving Fund     | Rhode Island Infrastructure Bank State Revolving Fund (TOBs)                     | CUSIP: 76223MBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5551291.20   | 1.36%             | 2048-10-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| REGL CO TRANSPRTN DIST PRIV AC                            | Regional Transportation District                                                 | CUSIP: 759151BQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502248.50   | 0.37%             | 2034-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                            | California Municipal Finance Authority                                           | CUSIP: 13048VLB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976975.80    | 0.24%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3P0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    323574 | PA      | $276838.69    | 0.07%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                            | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712JGT4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1296079.00   | 0.32%             | 2052-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                 | Private Colleges & Universities Authority (TOBs)                                 | CUSIP: 74265LA57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $9950550.00   | 2.44%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3M7<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    228839 | PA      | $218251.76    | 0.05%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH                            | West Virginia Hospital Finance Authority                                         | CUSIP: 956622Y81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4154782.40   | 1.02%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2016476.80   | 0.49%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HLTH & EDUCTNL FA                            | Wisconsin Health & Educational Facilities Authority                              | CUSIP: 97712D4C7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1777754.60   | 0.44%             | 2046-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                            | Main Street Natural Gas Inc                                                      | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579633.65   | 0.39%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| DOMINION WTR & SANTN DIST CO R                            | Dominion Water & Sanitation District                                             | CUSIP: 25755AAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4522669.65   | 1.11%             | 2052-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3535000 | PA      | $3557785.20   | 0.87%             | 2040-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                            | Kentucky Public Energy Authority                                                 | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2261311.80   | 0.55%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY OH CONVENTION FA                            | Franklin County Convention Facilities Authority Hotel Project Revenue            | CUSIP: 35317DAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1166826.63   | 0.29%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAMAR TX CONSOL INDEP SCH DIST                            | Lamar Consolidated Independent School District                                   | CUSIP: 513174H96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1069036.62   | 0.26%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POINT PHASE 1 PUB INFRASTRUCTU                            | Point Phase 1 Public Infrastructure District No 1                                | CUSIP: 73058EAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014229.60   | 0.25%             | 2055-03-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| PORT OF PORTLAND OR ARPT REVEN                            | Port of Portland OR Airport Revenue                                              | CUSIP: 7352403J0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1294861.25   | 0.32%             | 2048-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UTAH ST CHRT SCH FIN AUTH CHRT                            | Utah Charter School Finance Authority                                            | CUSIP: 91754TYC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $676400.72    | 0.17%             | 2049-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                               | City of Houston TX Airport System Revenue                                        | CUSIP: 442349GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2197871.76   | 0.54%             | 2053-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH RE                            | California Municipal Finance Authority                                           | CUSIP: 13048VJE9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    140000 | PA      | $116668.05    | 0.03%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY AL INDL DEV AUTH S                            | Mobile County Industrial Development Authority                                   | CUSIP: 60733UAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1129595.53   | 0.28%             | 2054-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BKM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1132773.24   | 0.28%             | 2054-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R                            | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885FEB9<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1875967.40   | 0.46%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH NATIO                            | Arizona Industrial Development Authority                                         | CUSIP: 04052FEM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1995115.80   | 0.49%             | 2053-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SIERRA VISTA AZ INDL DEV AUTH                             | Sierra Vista Industrial Development Authority                                    | CUSIP: 82652UAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $895356.20    | 0.22%             | 2059-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST HLTH & HGR EDUCTNL                            | Maryland Health & Higher Educational Facilities Authority                        | CUSIP: 574218T37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3255938.73   | 0.80%             | 2046-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1545857.44   | 0.38%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GTR ORLANDO FL AVIATION AUTH A                            | Greater Orlando Aviation Authority                                               | CUSIP: 3922742H8<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4022356.41   | 0.99%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH REVENUE                              | New Hampshire Business Finance Authority                                         | CUSIP: 63607YAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $803497.90    | 0.20%             | 2045-07-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM                            | Arkansas Development Finance Authority                                           | CUSIP: 04110FAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2636541.18   | 0.65%             | 2053-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO SPL FACS                            | City & County of Denver CO                                                       | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999998.30    | 0.25%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund         | Chicago Transit Authority Sales Tax Receipts Fund (TOBs)                         | CUSIP: 16772PEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5806658.40   | 1.42%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                            | California Community Choice Financing Authority                                  | CUSIP: 13013JGF7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3453560.50   | 0.85%             | 2056-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP SPL                             | Maryland Economic Development Corp                                               | CUSIP: 57422FAF3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $805718.80    | 0.20%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWELL MA COLLEGIATE CHRT SCH                             | Collegiate Charter School of Lowell                                              | CUSIP: 547649AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1479588.12   | 0.36%             | 2054-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING A                            | California Community Choice Financing Authority                                  | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1596414.15   | 0.39%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL WTR & SWR R                            | County of Miami-Dade FL Water & Sewer System Revenue                             | CUSIP: 59334DNT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1320659.52   | 0.32%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VENICE FL                                                 | City of Venice FL                                                                | CUSIP: 922687AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $685202.65    | 0.17%             | 2055-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                      | Colorado Health Facilities Authority (TOBs)                                      | CUSIP: 19648FGQ1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5535000 | PA      | $4765081.27   | 1.17%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING A                            | Virginia Small Business Financing Authority                                      | CUSIP: 928097AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4620000 | PA      | $4367238.41   | 1.07%             | 2052-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                  | New York Transportation Development Corp (TOBs)                                  | CUSIP: 650116HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3805871.00   | 0.93%             | 2054-12-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES                               | University of California                                                         | CUSIP: 91412GSG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 1.23%             | 2048-05-15      | Variable      | 2.60%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                  | Iowa Finance Authority                                                           | CUSIP: 46247SBN3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $780851.50    | 0.19%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARBOR POINT CT INFRASTRUCTURE                            | Harbor Point Infrastructure Improvement District                                 | CUSIP: 41154VAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3509972.90   | 0.86%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI                            | Pennsylvania Turnpike Commission                                                 | CUSIP: 709225BD7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1299665.70   | 0.32%             | 2050-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N                            | Tobacco Settlement Financing Corp                                                | CUSIP: 888808HT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2691657.24   | 0.66%             | 2046-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE ST ECON DEV AUTH RETM                            | Delaware State Economic Development Authority                                    | CUSIP: 246371AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005459.60   | 0.25%             | 2053-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLACKAMAS CNTY OR HOSP FAC AUT                            | Clackamas County Hospital Facility Authority                                     | CUSIP: 179027WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1379373.45   | 0.34%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION&                            | Texas Municipal Gas Acquisition & Supply Corp IV                                 | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4390352.40   | 1.08%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST ECON DEV AUTH DO                            | New Jersey Economic Development Authority                                        | CUSIP: 64578TAB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021503.00   | 0.25%             | 2045-01-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO ST MTGE FIN AUTH                               | New Mexico Mortgage Finance Authority                                            | CUSIP: 647201R79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2333221.61   | 0.57%             | 2054-09-01      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                             | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592250CZ5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  21800000 | PA      | $4360150.42   | 1.07%             | 2054-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO LAND CLEARANCE                             | St Louis Land Clearance for Redevelopment Authority                              | CUSIP: 85233SAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4138149.84   | 1.01%             | 2046-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI POOLED CHRT                            | Public Finance Authority                                                         | CUSIP: 74448GAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4639715 | PA      | $4655121.10   | 1.14%             | 2062-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 452152Y39<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3400000 | PA      | $3454165.74   | 0.85%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST                             | New Jersey Transportation Trust Fund Authority                                   | CUSIP: 64613CCH9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036065.40   | 0.50%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57585BMU9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047547.40   | 0.26%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI PROJ REVENU                            | Public Finance Authority                                                         | CUSIP: 74444UAX0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2059015.04   | 0.50%             | 2055-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY R                            | Massachusetts Development Finance Agency                                         | CUSIP: 57585BAC2<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $861000.00    | 0.21%             | 2054-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Cincinnati                                  | University of Cincinnati (TOBs)                                                  | CUSIP: 9141194W9<br>LEI: 549300E0RD3ICJ858L23 | Long             | DBT              | MUN               | US        |   4525000 | PA      | $4617548.13   | 1.13%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH ECON                             | Arizona Industrial Development Authority                                         | CUSIP: 040523AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5770000 | PA      | $173100.00    | 0.04%             | 2050-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| OMAHA NE PUBLIC PWR DIST ELEC                             | Omaha Public Power District                                                      | CUSIP: 682001HA3<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $875954.30    | 0.21%             | 2051-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65820YSY3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1224485.88   | 0.30%             | 2054-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH SURFACE FREI                            | Illinois Finance Authority                                                       | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1519769.25   | 0.37%             | 2043-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI                            | Washington State Housing Finance Commission                                      | CUSIP: 939783TK2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $2859965.12   | 0.70%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI PROJ REVENU                            | Public Finance Authority                                                         | CUSIP: 74444UAW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2531327.00   | 0.62%             | 2052-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SENIOR LIVI                            | Public Finance Authority                                                         | CUSIP: 74443UBB8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    750000 | PA      | $696301.20    | 0.17%             | 2047-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority Sales Tax Revenue    | Triborough Bridge & Tunnel Authority Sales Tax Revenue (TOBs)                    | CUSIP: 896035DG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5589543.60   | 1.37%             | 2064-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                    | North Carolina Medical Care Commission (TOBs)                                    | CUSIP: 65821DWM9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8342695.00   | 2.05%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE                            | South Carolina Jobs-Economic Development Authority                               | CUSIP: 83703EMQ5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2481086.41   | 0.61%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPTION BOND TRUST RECEI                            | Tender Option Bond Trust Receipts/Certificates                                   | CUSIP: 88035PT73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4784649.75   | 1.17%             | 2055-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ARKANSAS DEV FIN AUTH ENVIRONM                            | Arkansas Development Finance Authority                                           | CUSIP: 04110FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503511.50   | 0.37%             | 2052-09-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938714.70    | 0.23%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority    | South Dakota Health & Educational Facilities Authority (TOBs)                    | CUSIP: 83755VG99<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   4720000 | PA      | $4632315.38   | 1.14%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REVENUE                            | Chicago Midway International Airport                                             | CUSIP: 167562TM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1556378.56   | 0.38%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET PIER & EXPOSITION AUTH IL                             | Metropolitan Pier & Exposition Authority                                         | CUSIP: 592247K90<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $1512362.00   | 0.37%             | 2036-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MO INDL DEV A                            | St Louis County Industrial Development Authority                                 | CUSIP: 791524CQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2804544.70   | 0.69%             | 2049-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                    | Virginia Housing Development Authority (TOBs)                                    | CUSIP: 92812WNX8<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4763107.48   | 1.17%             | 2059-09-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GREAT LAKES MI WTR AUTH SEWAGE                            | Great Lakes Water Authority Sewage Disposal System Revenue                       | CUSIP: 39081HAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029722.80   | 0.74%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807JX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1247250.48   | 0.31%             | 2064-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGY TELECO                            | Utah Infrastructure Agency                                                       | CUSIP: 917467AH5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2371618.56   | 0.58%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP                             | Sales Tax Securitization Corp                                                    | CUSIP: 79467BCY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1911651.00   | 0.47%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST SALES TAX REVENUE                             | State of Illinois Sales Tax Revenue                                              | CUSIP: 452227VR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009656.40   | 0.25%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505WB8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1817281.20   | 0.45%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486E21<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3769292.40   | 0.92%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL SPL CARE FACS FI                            | Alabama Special Care Facilities Financing Authority-Birmingham AL                | CUSIP: 091081DP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5970000 | PA      | $5259718.65   | 1.29%             | 2050-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                            | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1789430.20   | 0.44%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK                            | Port of Beaumont Navigation District                                             | CUSIP: 73360CAR5<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1377314.25   | 0.34%             | 2054-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HLTHCARE SY                            | Public Finance Authority                                                         | CUSIP: 74447GAB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501988.55   | 0.37%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE                            | Public Finance Authority                                                         | CUSIP: 74442EMS6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1870591.80   | 0.46%             | 2065-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU                            | Louisiana Public Facilities Authority                                            | CUSIP: 546399UP9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1766808.64   | 0.43%             | 2055-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Texas State University System                             | Texas State University System (TOBs)                                             | CUSIP: 88278PJ96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4112712.00   | 1.01%             | 2054-03-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST MED CARE COM                            | North Carolina Medical Care Commission                                           | CUSIP: 65820YTF3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2777480.75   | 0.68%             | 2049-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                             | Pennsylvania Economic Development Financing Authority                            | CUSIP: 70868YAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3143665.20   | 0.77%             | 2061-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                 | Michigan State University (TOBs)                                                 | CUSIP: 594712ZH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10306982.50  | 2.53%             | 2054-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HGR EDU ASSISTAN                            | New Jersey Higher Education Student Assistance Authority                         | CUSIP: 646080WY3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1354306.15   | 0.33%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                               | State of Illinois                                                                | CUSIP: 4521522M2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1153288.95   | 0.28%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH ACT 38 FA                            | Michigan Finance Authority                                                       | CUSIP: 59447NBE5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2786048.19   | 0.68%             | 2057-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                              | Michigan Finance Authority                                                       | CUSIP: 59447TGA5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750092.40   | 0.43%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST LIBERTY DEV CORP L                            | New York Liberty Development Corp                                                | CUSIP: 649519DA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6853359.10   | 1.68%             | 2044-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma City Water Utilities Trust                       | Oklahoma City Water Utilities Trust (TOBs)                                       | CUSIP: 67865EBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3733208.10   | 0.92%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAWAII ST ARPTS SYS REVENUE                               | State of Hawaii Airports System Revenue                                          | CUSIP: 419794H54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000151.20   | 0.25%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY-HOUSTON TX SPORTS                             | Harris County-Houston Sports Authority                                           | CUSIP: 413890EV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $1649459.50   | 0.40%             | 2050-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807ML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1819812.80   | 0.45%             | 2060-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH T                            | Industrial Development Authority of the City of St Louis Missouri/The            | CUSIP: 85233LAG8<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |   2465000 | PA      | $2332435.75   | 0.57%             | 2036-05-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE                              | Michigan Finance Authority                                                       | CUSIP: 59447T3V3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1395551.25   | 0.34%             | 2042-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU R                            | Arizona Industrial Development Authority                                         | CUSIP: 04052BCR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $967241.76    | 0.24%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA PAZ CNTY AZ INDL DEV AUTH E                            | La Paz County Industrial Development Authority                                   | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2481779.40   | 0.61%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation Authority                         | Regional Transportation Authority (TOBs)                                         | CUSIP: 7599114F4<br>LEI: 549300FOIPI62F5YFO59 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2578947.60   | 0.63%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CO HIGH PERFORMANCE TRANSPRTN                             | Colorado High Performance Transportation Enterprise                              | CUSIP: 19648DAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1189895.30   | 0.29%             | 2056-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MI ARPT AUTH REVENU                            | Wayne County Airport Authority                                                   | CUSIP: 944514S66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586650.35   | 0.39%             | 2050-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                            | Palm Beach County Health Facilities Authority                                    | CUSIP: 69650MAY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $736124.18    | 0.18%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                   | Municipal Electric Authority of Georgia (TOBs)                                   | CUSIP: 626207X33<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3506383.80   | 0.86%             | 2059-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                      | Chicago O'Hare International Airport (TOBs)                                      | CUSIP: 1675934S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3704283.90   | 0.91%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $653822.28    | 0.16%             | 2060-06-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                     | Metropolitan Transportation Authority (TOBs)                                     | CUSIP: 59261AZX8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   6300000 | PA      | $5399405.55   | 1.32%             | 2047-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GUAM HSG CORP SF REVENUE                                  | Guam Housing Corp                                                                | CUSIP: 40064MBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $689621.56    | 0.17%             | 2031-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| EL PASO CNTY TX HOSP DIST                                 | El Paso County Hospital District                                                 | CUSIP: 283590JX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562398.50   | 0.38%             | 2050-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HGR EDUCTNL FA                            | Pennsylvania Higher Educational Facilities Authority                             | CUSIP: 70917SMR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3677650.04   | 0.90%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R                            | Central Texas Regional Mobility Authority                                        | CUSIP: 155498GJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1275259.72   | 0.31%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE CDD NO 15 SPL ASSMNT R                            | Village Community Development District No 15                                     | CUSIP: 92708KAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $788629.24    | 0.19%             | 2055-05-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                  | Iowa Finance Authority                                                           | CUSIP: 46247SBM5<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $413794.95    | 0.10%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSPRTN CORP T                            | Grand Parkway Transportation Corp                                                | CUSIP: 38611TCC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $863137.90    | 0.21%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SPL OBLIG                              | County of Miami-Dade FL                                                          | CUSIP: 59333NNQ2<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $1150723.50   | 0.28%             | 2045-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TX HGR EDU FIN CORP ED                            | Clifton Higher Education Finance Corp                                            | CUSIP: 187145DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4514243.85   | 1.11%             | 2045-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU                                     | Chicago Board of Education                                                       | CUSIP: 167505TJ5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1948131.00   | 0.48%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SU                            | Texas Private Activity Bond Surface Transportation Corp                          | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1434663.00   | 0.35%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jackson MO                                      | County of Jackson MO (TOBs)                                                      | CUSIP: 467578LX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2703586.00   | 0.66%             | 2053-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP                             | Arlington Higher Education Finance Corp                                          | CUSIP: 041807DB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1347552.45   | 0.33%             | 2053-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    312813 | PA      | $337614.00    | 0.08%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS                            | Connecticut Housing Finance Authority                                            | CUSIP: 20775CPZ1<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410160.68    | 0.10%             | 2032-11-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TX TOLL ROAD RE                            | County of Fort Bend TX Toll Road Revenue                                         | CUSIP: 346817EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2199845.50   | 0.54%             | 2054-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA ARPT REVENUE                              | City of Philadelphia PA Airport Revenue                                          | CUSIP: 717817XH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4446924.12   | 1.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL DEV AUTH EDU R                            | Industrial Development Authority of the City of Phoenix Arizona/The              | CUSIP: 71885FEA1<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |   2360000 | PA      | $2360529.35   | 0.58%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET NATURAL GAS INC GA                            | Main Street Natural Gas Inc                                                      | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1628438.52   | 0.40%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REV                            | Colorado Health Facilities Authority                                             | CUSIP: 19648FGT5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1194934.25   | 0.29%             | 2048-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH                            | Maricopa County Industrial Development Authority                                 | CUSIP: 56681NCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3018469.50   | 0.74%             | 2052-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486X79<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1552152.60   | 0.38%             | 2055-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3R6<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    381733 | PA      | $264368.77    | 0.06%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP STUD                            | Maryland Economic Development Corp                                               | CUSIP: 57420VTK9<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001150.10   | 0.25%             | 2064-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                            | New York State Dormitory Authority                                               | CUSIP: 64990GZR6<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $806307.20    | 0.20%             | 2050-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3K1<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    296629 | PA      | $289624.94    | 0.07%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PWR CNTY ID INDL DEV CORP SOL                             | Power County Industrial Development Corp                                         | CUSIP: 739247AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5016675.50   | 1.23%             | 2032-08-01      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST HSG FIN CORP REVENU                            | Florida Housing Finance Corp                                                     | CUSIP: 34074M3N9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2353107.63   | 0.58%             | 2044-07-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH                                        | Commonwealth of Puerto Rico                                                      | CUSIP: 74514L3L9<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    266630 | PA      | $256962.61    | 0.06%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS A                            | Palm Beach County Health Facilities Authority                                    | CUSIP: 696507VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104053.70   | 0.27%             | 2058-05-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH D                            | Metropolitan Washington Airports Authority Dulles Toll Road Revenue              | CUSIP: 592643DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2130775.25   | 0.52%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLAIRTON PA MUNI AUTH SWR REVE                            | Clairton Municipal Authority                                                     | CUSIP: 179630DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070795.00   | 0.26%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECON DEV CORP REVEN                            | Mission Economic Development Corp                                                | CUSIP: 605156AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003203.20   | 0.49%             | 2031-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST CONVENTION CENTER                             | New York Convention Center Development Corp                                      | CUSIP: 649451GW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7825000 | PA      | $1823125.62   | 0.45%             | 2052-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STAMFORD CT HSG AUTH                                      | Stamford Housing Authority                                                       | CUSIP: 852640AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $970802.30    | 0.24%             | 2060-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                               | City of Houston TX Airport System Revenue                                        | CUSIP: 442349HZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3070695.30   | 0.75%             | 2039-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue | Commonwealth of Massachusetts Transportation Fund Revenue (TOBs)                 | CUSIP: 57604TKE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14240933.00  | 3.49%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP                            | New York Transportation Development Corp                                         | CUSIP: 650116GP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028299.70   | 0.25%             | 2040-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REVENUE                               | City of Houston TX Airport System Revenue                                        | CUSIP: 442349FX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1398058.63   | 0.34%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI RETMNT FAC                             | Public Finance Authority                                                         | CUSIP: 74444VAH3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1818087.35   | 0.45%             | 2053-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue        | City of Philadelphia PA Water & Wastewater Revenue (TOBs)                        | CUSIP: 7178932Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5820000 | PA      | $6101509.04   | 1.50%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REVENUE                               | Indiana Finance Authority                                                        | CUSIP: 45506ENX7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2752601.91   | 0.67%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                | Public Finance Authority                                                         | CUSIP: 74442PL37<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497442.35   | 0.37%             | 2061-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUT                            | California Statewide Communities Development Authority                           | CUSIP: 13080SML5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $959854.00    | 0.24%             | 2056-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                | City of Chicago IL                                                               | CUSIP: 167486ZY8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3052676.10   | 0.75%             | 2038-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CANAL WINCHESTER OH LOCAL SCH                             | Canal Winchester Local School District                                           | CUSIP: 137087JX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3955000 | PA      | $3428488.65   | 0.84%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PUBLIC ENERGY AUTH                            | Kentucky Public Energy Authority                                                 | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1837476.55   | 0.45%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| HESS RANCH MET DIST #6 CO                                 | Hess Ranch Metropolitan District No 6                                            | CUSIP: 428112AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1769910.20   | 0.43%             | 2049-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REVENUE                             | County of Jefferson AL Sewer Revenue                                             | CUSIP: 472682ZS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3847267.50   | 0.94%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                | Maryland Stadium Authority (TOBs)                                                | CUSIP: 574294CV4<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5248526.40   | 1.29%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS                            | Oklahoma Development Finance Authority                                           | CUSIP: 67884XCN5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1471042.20   | 0.36%             | 2057-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** BNY Mellon Strategic Municipals, Inc.

**Signature:** James Windels

**Name of Signer:** James Windels

**Title:** Treasurer