# EDGAR Filing Document

**Accession Number:** 0001516523
**File Stem:** 0002066578-25-001690
**Filing Date:** 2025-11
**Character Count:** 153746
**Document Hash:** 705dfaef6eee856c3f0d9eb68522b96c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002066578-25-001690.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002066578-25-001690

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisers Investment Trust
- **CENTRAL INDEX KEY:** 0001516523

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22538
- **FILM NUMBER:** 251526051

**BUSINESS ADDRESS:**
- **STREET 1:** 50 S. LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** (855) 351-4583

**MAIL ADDRESS:**
- **STREET 1:** 50 S. LASALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

## Series and Classes Contracts Data

### State Farm Municipal Bond Fund (Series ID: S000071160)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000225898 | State Farm Municipal Bond Fund | SFBDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisers Investment Trust

- **b. Investment Company Act file number:** 811-22538

- **c. CIK number of Registrant:** 0001516523

- **d. LEI of Registrant:** 549300BG52TB5QPLYE22

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

  - **Street Address 1:** 50 S. LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 312-557-4100

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

- **a. Name of Series:** State Farm Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000071160

- **c. LEI of Series:** 549300W6U5EDP2F0QN20

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $513415171.96

**Total Liabilities:** $7412240.01

**Net Assets:** $506002931.95

**Delayed Delivery Securities:** $5096307.25

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 3617.677629850159 | **1-Year:** 28379.532334248052 | **5-Year:** 99045.780909978748 | **10-Year:** 115891.610571359441 | **30-Year:** 1163.951979375614

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

- **3-Month:** 28.125695389802 | **1-Year:** 336.178046043541 | **5-Year:** 799.287056236324 | **10-Year:** 1290.011367261301 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225898 | 0.03%                | 0.91%                | 1.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $300.75                  | $-880092.98                                |
| Month 2  | $-521996.75              | $3330032.09                                |
| Month 3  | $-68261.42               | $6752849.01                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MASSACHUSETTS ST                                             | MA MAS 5 12/01/2038                         | CUSIP: 57582RMD5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016287.70   | 0.20%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                          | WI WISMED 5 07/01/2038                      | CUSIP: 97712D2D7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009327.80   | 0.20%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA MESA CALIF                                                | CA LMSGEN 4 08/01/2030                      | CUSIP: 503642CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $545480.14    | 0.11%             | 2030-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FLA                                              | FL MMBUTL 5 09/01/2034                      | CUSIP: 593241BT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $780142.65    | 0.15%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUSKEGO WIS                                                  | WI MSK 4 06/01/2034                         | CUSIP: 627636VP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1405430.39   | 0.28%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH ST PAUL-MAPLEWOOD MINN INDPT SCH DIST NO 622           | MN NSPSCD 3 02/01/2034                      | CUSIP: 662152FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3248526.60   | 0.64%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SUN PRAIRIE WIS AREA SCH DIST                                | WI SUNSCD 3 03/01/2036                      | CUSIP: 866854SF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1444969.03   | 0.29%             | 2036-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WORTHINGTON OHIO CITY SCH DIST                               | OH WORSCD 4 12/01/2035                      | CUSIP: 982038RX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $483523.69    | 0.10%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH SCH DIST NO 414 LAKE WASHINGTON               | WA KINSCD 4 12/01/2033                      | CUSIP: 495260H95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5070330.50   | 1.00%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| YAKIMA CNTY WASH SCH DIST                                    | WA YAKSCD 4.38 12/01/2034                   | CUSIP: 984402KY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1078113.50   | 0.21%             | 2034-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                      | NY NYSHSG 11/01/2061                        | CUSIP: 64987JRC7<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    970000 | PA      | $935543.08    | 0.18%             | 2061-11-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| LOUISIANA LOC GOVT ENVIRONMENTAL FACS & CMNTY DEV AUTH       | LA LASFAC 5 08/15/2037                      | CUSIP: 546275AN8<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019010.40   | 0.20%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CNTY OKLA FIN AUTH                                  | OK OKSEDU 5 09/01/2036                      | CUSIP: 67868UHT3<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2723713.75   | 0.54%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TACOMA WASH                                                  | WA TACUTL 3.25 12/01/2028                   | CUSIP: 873545JH1<br>LEI: 5493007ZRQFFKMZS5634 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350949.24    | 0.07%             | 2028-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH                                    | IL ILSTRN 5 01/01/2041                      | CUSIP: 452252PP8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1665420.06   | 0.33%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IND                                               | IN FORUTL 3 12/01/2035                      | CUSIP: 349316MM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $658372.54    | 0.13%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARYSVILLE OHIO                                              | OH MYVWTR 4 12/01/2035                      | CUSIP: 574486FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1870818.87   | 0.37%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OWENSBORO KY                                                 | KY OWEWTR 3.25 09/15/2029                   | CUSIP: 691106MA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1744232.28   | 0.34%             | 2029-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GROSSE POINTE MICH                                           | MI GRO 4 10/01/2032                         | CUSIP: 399064FS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $613978.00    | 0.12%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POYNETTE WIS SCH DIST                                        | WI POYSCD 3.12 04/01/2032                   | CUSIP: 73941JDK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1520095.91   | 0.30%             | 2032-04-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ADAMS 12 FIVE STAR SCHS COLO                                 | CO ADASCD 5 12/15/2034                      | CUSIP: 006449GZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038747.00   | 0.40%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATHENS ALA                                                   | AL ATHUTL 3.12 05/01/2029                   | CUSIP: 047033HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1007910.61   | 0.20%             | 2029-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TULSA OKLA                                                   | OK TUL 3 04/01/2028                         | CUSIP: 899645YZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000550.50   | 0.59%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAKEHAVEN WASH WTR & SWR DIST                                | WA LKHUTL 3 10/01/2035                      | CUSIP: 511528AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $671206.90    | 0.13%             | 2035-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BISMARCK N D                                                 | ND BIS 3.12 05/01/2028                      | CUSIP: 091582B62<br>LEI: 5493004YS3DDNIKCWV33 | Long             | DBT              | MUN               | US        |    845000 | PA      | $845026.70    | 0.17%             | 2028-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CENTRAL CALIF UNI SCH DIST                                   | CA CENSCD 3 08/01/2035                      | CUSIP: 15276PPL7<br>LEI: 549300AKOP2UG4D0YH67 | Long             | DBT              | MUN               | US        |    300000 | PA      | $290243.28    | 0.06%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                            | IL ILSGEN 5 11/15/2038                      | CUSIP: 45203HS52<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2645528.47   | 0.52%             | 2038-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARFIELD PITKIN & EAGLE CNTYS COLO SCH DIST NO RE-1 ROARG FK | CO GARSCD 2.5 12/15/2027                    | CUSIP: 365892MU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1483273.80   | 0.29%             | 2027-12-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARKANSAS ST                                                  | AR ARS 4 06/01/2027                         | CUSIP: 041042ZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001703.10   | 0.59%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON VT                                                | VT BUR 5 11/01/2034                         | CUSIP: 122062YW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $269657.88    | 0.05%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOISE ST UNIV IDAHO                                          | ID BSUHGR 5 04/01/2035                      | CUSIP: 097464F97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260413.33    | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON WIS SCH DIST                                        | WI HAMSCD 3.25 04/01/2032                   | CUSIP: 408172GT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003838.60   | 0.40%             | 2032-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NIXA MO                                                      | MO NIXSCD 5 03/01/2039                      | CUSIP: 654811EK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1285362.35   | 0.25%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON AREA WIS SCH DIST                                 | WI BURSCD 3.25 04/01/2032                   | CUSIP: 121493KG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1121454.66   | 0.22%             | 2032-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORT MILL S C                                                | SC FTMUTL 4 12/01/2028                      | CUSIP: 34802PBJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $520281.06    | 0.10%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENS ALA                                                   | AL ATHPWR 3.5 06/01/2026                    | CUSIP: 046879MG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220090.38    | 0.04%             | 2026-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH                              | KY KYSPWR 01/01/2055                        | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3607972.42   | 0.71%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                          | WI WISMED 5 04/01/2040                      | CUSIP: 97712JLM3<br>LEI: 549300362G4YBPWA7864 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $3029879.41   | 0.60%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON VT                                                | VT BUR 5 11/01/2035                         | CUSIP: 122062YX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $278879.93    | 0.06%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCHAUMBURG ILL                                               | IL SCH 4 12/01/2034                         | CUSIP: 806347QB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2617126.00   | 0.52%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UTAH                                          | UT SALAPT 5 07/01/2042                      | CUSIP: 795576FX0<br>LEI: 549300CRGKV67DRSGT85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003232.60   | 0.20%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUDSON OHIO CITY SCH DIST                                    | OH HUDSCD 4 12/01/2033                      | CUSIP: 444089BW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402221.72    | 0.08%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAROLINE CNTY MD                                             | MD CRL 3 01/15/2032                         | CUSIP: 144240LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1139462.32   | 0.23%             | 2032-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GAVILAN CALIF JT CMNTY COLLEGE DIST                          | CA GAVHGR 3 08/01/2036                      | CUSIP: 368079JS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $939312.50    | 0.19%             | 2036-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON MICH CMNTY SCHS DIST                                | MI HMLSCD 4 05/01/2027                      | CUSIP: 407594GF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500660.40    | 0.10%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN LN COUNCIL                                    | FL FLSGEN 4 08/01/2034                      | CUSIP: 34282CQW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $570628.97    | 0.11%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IND                                               | IN FORUTL 3 12/01/2034                      | CUSIP: 349316MK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $643152.49    | 0.13%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF DEPT WTR & PWR                             | CA LOSUTL 5 07/01/2035                      | CUSIP: 5444957M0<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1403324.92   | 0.28%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA                      | GA METTRN 5 07/01/2036                      | CUSIP: 591746CM2<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    900000 | PA      | $1056207.33   | 0.21%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH                      | NY NYCGEN 5.25 11/01/2036                   | CUSIP: 64971X2K3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1687524.00   | 0.33%             | 2036-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST TECHNICAL COLLEGE                                   | TX TXSHGR 5.25 08/01/2035                   | CUSIP: 88276RFF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118144.60   | 0.22%             | 2035-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WYANDOTTE CNTY/KANS CITY KANS UNI GOVT                       | KS WYAGEN 5 08/01/2028                      | CUSIP: 98267AJV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1505436.41   | 0.30%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                                 | MA MASDEV 05/15/2055                        | CUSIP: 57585BGT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3417692.10   | 0.68%             | 2055-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD REGENTS                                       | MT MTSEDU 3 11/15/2035                      | CUSIP: 61212LRT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3445389.68   | 0.68%             | 2035-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE N MEX                                               | NM SFE 4 08/01/2028                         | CUSIP: 802071HS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $725591.75    | 0.14%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON VT                                                | VT BUR 5 11/01/2032                         | CUSIP: 122062YU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $186758.23    | 0.04%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTON CNTY KY SCH DIST FIN CORP                             | KY KENEDU 2 12/01/2031                      | CUSIP: 491089ZH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1413694.86   | 0.28%             | 2031-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| NORTH TEX TWY AUTH                                           | TX NRTTRN 4.12 01/01/2039                   | CUSIP: 66285WJ64<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1380494.91   | 0.27%             | 2039-01-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                  | IL ILS 5 05/01/2037                         | CUSIP: 452153JU4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5680000 | PA      | $6175563.53   | 1.22%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALASKA MUN BD BK AUTH                                        | AK AKMBBK 5.5 10/01/2042                    | CUSIP: 01179RVM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1596002.93   | 0.32%             | 2042-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CALIF                                             | CA UNVHGR 5 05/15/2039                      | CUSIP: 91412HUT8<br>LEI: RRR42I7GG51DB5HDQR14 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3408200.70   | 0.67%             | 2039-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA TRANSN AUTH OK F/K/A OKLAHOMA ST TPK AUTH           | OK OKSTRN 5 01/01/2042                      | CUSIP: 679111E26<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074882.30   | 0.21%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE ALASKA                                             | AK ANC 3.5 09/01/2029                       | CUSIP: 0331614Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1399550.27   | 0.28%             | 2029-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COLUMBUS NEB                                                 | NE CLMGEN 4 12/15/2030                      | CUSIP: 199437MJ0<br>LEI: 549300VPLMZFZSZPNV09 | Long             | DBT              | MUN               | US        |    325000 | PA      | $330332.86    | 0.07%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE N MEX                                               | NM SFE 4 08/01/2029                         | CUSIP: 802071HT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750652.13    | 0.15%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST DES MOINES IOWA                                         | IA WES 3 06/01/2031                         | CUSIP: 9525304T7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1770152.57   | 0.35%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY                                          | NY NYSHSG 2.4 10/01/2034                    | CUSIP: 64988YBZ9<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $873336.40    | 0.17%             | 2034-10-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| ORLANDO FLA UTILS COMMN                                      | FL ORLUTL 5 10/01/2037                      | CUSIP: 686507JD7<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    540000 | PA      | $557570.14    | 0.11%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                 | IL CHITRN 5.25 01/01/2042                   | CUSIP: 167593WQ1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012336.70   | 0.20%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEANDER TEX INDPT SCH DIST                                   | TX LDRSCD 5 08/15/2036                      | CUSIP: 521841R65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142170.40   | 0.23%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                          | WI WISMED 4 04/01/2039                      | CUSIP: 97712DVZ6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967490.90    | 0.19%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TWO RIVERS WIS PUB SCH DIST                                  | WI TWOSCD 4 03/01/2039                      | CUSIP: 902098JZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004578.80   | 0.20%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PEMBROKE PINES FLA                                           | FL PEM 5 09/01/2031                         | CUSIP: 70643FCW0<br>LEI: 549300SN43D5ZR09V008 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2103087.21   | 0.42%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                 | IL CHITRN 5 01/01/2038                      | CUSIP: 167593VV1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1052368.59   | 0.21%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYSVILLE OHIO                                              | OH MYVWTR 4 12/01/2033                      | CUSIP: 574486FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235160.86    | 0.05%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DANVILLE VA                                                  | VA DAN 4 09/01/2039                         | CUSIP: 236866VN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1639485.41   | 0.32%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA                               | AL BBEUTL 02/01/2053                        | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068056.30   | 0.21%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP                                   | NY NYSDEV 5 03/15/2035                      | CUSIP: 650035R59<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002499.60   | 0.40%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEWIS & CLARK CNTY MONT SCH DIST NO 9 EAST HELENA            | MT LEWSCD 5 07/01/2035                      | CUSIP: 527650GM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2012407.51   | 0.40%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON ALA                                                  | AL MADUTL 4 12/01/2035                      | CUSIP: 556589HY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $218276.39    | 0.04%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SARPY CNTY NEB SCH DIST NO 37                                | NE SARSCD 4 12/15/2025                      | CUSIP: 803770QP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180382.28    | 0.04%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD                                            | MD BAL 4 03/01/2038                         | CUSIP: 05914FX21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1777267.98   | 0.35%             | 2038-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOLEDO OHIO                                                  | OH TOL 5.25 12/01/2034                      | CUSIP: 889278ZQ3<br>LEI: 549300I365GIDPR4BM68 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125937.70   | 0.22%             | 2034-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DUBLIN OHIO CITY SCH DIST                                    | OH DUBSCD 4 12/01/2033                      | CUSIP: 26371GTT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514275.40    | 0.10%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ UNI SCH DIST NO 10 AMPHITHEATER               | AZ PIMSCD 5 07/01/2027                      | CUSIP: 721832KC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400661.16    | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT MILL S C                                                | SC FTMUTL 3.5 12/01/2027                    | CUSIP: 34802PBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $380065.63    | 0.08%             | 2027-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NEVADA SYS HIGHER ED                                         | NV NVSEDU 4 07/01/2030                      | CUSIP: 641496NF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3072264.63   | 0.61%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN KY WTR DIST                                         | KY NKYWTR 3 02/01/2031                      | CUSIP: 665306NU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3661227.56   | 0.72%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ                                               | AZ PIM 4 07/01/2026                         | CUSIP: 721663WN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001988.60   | 0.40%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIO RANCHO N MEX PUB SCH DIST NO 94                          | NM RIOSCD 3 08/01/2027                      | CUSIP: 767171PK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1515000 | PA      | $1515342.84   | 0.30%             | 2027-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IND                                           | IN WTLUTL 3.75 07/01/2029                   | CUSIP: 953701CS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220586.52    | 0.04%             | 2029-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE                    | MT MISSCD 5 06/15/2034                      | CUSIP: 605815EK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $519672.88    | 0.10%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY                                     | PA PASSFH 2.2 04/01/2033                    | CUSIP: 70879QPV9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2785000 | PA      | $2462680.81   | 0.49%             | 2033-04-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACS AUTH                                       | ID IDSMED 4 03/01/2034                      | CUSIP: 451295C31<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    400000 | PA      | $416461.52    | 0.08%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                             | MA MAS 5 01/01/2037                         | CUSIP: 57582RVU7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1810000 | PA      | $1908465.81   | 0.38%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTICA MICH CMNTY SCHS                                        | MI UTISCD 5 05/01/2031                      | CUSIP: 9176612C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1238769.07   | 0.24%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH                                  | NJ NJSEDU 07/01/2064                        | CUSIP: 646067KD9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2229380.80   | 0.44%             | 2064-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN WIS TECHNICAL COLLEGE DIST WIS                       | WI WWIHGR 3 04/01/2032                      | CUSIP: 95988MDN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2240404.77   | 0.44%             | 2032-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COUNTY WTR-SWR DIST COLLIER CNTY FLA                         | FL COLUTL 3 07/01/2033                      | CUSIP: 222642KC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5080000 | PA      | $5051833.43   | 1.00%             | 2033-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EAGAN MINN                                                   | MN EAG 3.25 02/01/2032                      | CUSIP: 269408PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1247367.37   | 0.25%             | 2032-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SANTA FE N MEX PUB SCH DIST                                  | NM SFESCD 3.62 08/01/2029                   | CUSIP: 802088ND2<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015941.40   | 0.40%             | 2029-08-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IND                                           | IN WTLUTL 4 07/01/2030                      | CUSIP: 953701CT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752124.38    | 0.15%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SARPY CNTY NEB SCH DIST NO 37                                | NE SARSCD 5 12/15/2028                      | CUSIP: 803770QS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251224.40    | 0.05%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY GA SCH DIST                                      | GA HRRSCD 3 03/01/2035                      | CUSIP: 413885DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $241262.33    | 0.05%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STATEWIDE CMNTYS DEV AUTH                         | CA CASGEN 04/01/2046                        | CUSIP: 13080SXW9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2740305.75   | 0.54%             | 2046-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| WHITE BEAR LAKE MINN INDPT SCH DIST NO 624                   | MN WHISCD 5 02/01/2033                      | CUSIP: 963439J39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5374396.05   | 1.06%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA                                      | GA MAIUTL 12/01/2054                        | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5417812.00   | 1.07%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN ATLANTA RAPID TRAN AUTH GA                      | GA METTRN 5 07/01/2038                      | CUSIP: 591746CP5<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1461133.50   | 0.29%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKANOGAN CNTY WASH PUB UTIL DIST NO 001                      | WA OKAPWR 4 12/01/2035                      | CUSIP: 678331DS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509314.80    | 0.10%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ESTES PARK COLO                                              | CO ESTPWR 4 11/01/2035                      | CUSIP: 29747TAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $984324.94    | 0.19%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN LN COUNCIL                                    | FL FLSGEN 3 08/01/2032                      | CUSIP: 34282CQU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $513203.55    | 0.10%             | 2032-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST UNIV                                                | ID ISUHGR 4 04/01/2034                      | CUSIP: 451470QG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $258605.60    | 0.05%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKE OHIO LOC SCH DIST STARK CNTY                            | OH LAKSCD 3 12/01/2025                      | CUSIP: 510281FE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $190016.53    | 0.04%             | 2025-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STAFFORD CNTY VA                                             | VA STA 4 07/01/2030                         | CUSIP: 852427KL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1205807.11   | 0.24%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLATHEAD CNTY MONT SCH DIST NO 44                            | MT FLASCD 4 07/01/2035                      | CUSIP: 338815EC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $860038.47    | 0.17%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAS CRUCES N MEX SCH DIST NO 2                               | NM LASSCD 3.5 08/01/2028                    | CUSIP: 517534UW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $900559.62    | 0.18%             | 2028-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SARPY CNTY NEB SCH DIST NO 37                                | NE SARSCD 5 12/15/2029                      | CUSIP: 803770QT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $261273.38    | 0.05%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY HEALTH CARE FACS FING AUTH                        | NJ NJSMED 5 09/15/2031                      | CUSIP: 64579XEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28078.61     | 0.01%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW RICHMOND WIS SCH DIST                                    | WI NWRSCD 4 04/01/2035                      | CUSIP: 648442NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170000 | PA      | $4303982.10   | 0.85%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEZ PERCE CNTY IDAHO INDPT SCHDIST NO 001 LEWISTON           | ID NZPSCD 4 09/15/2031                      | CUSIP: 653335BH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2880000 | PA      | $2929372.70   | 0.58%             | 2031-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUMBLE TEX INDPT SCH DIST                                    | TX HUMSCD 5 02/15/2033                      | CUSIP: 445047NN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $790241.68    | 0.16%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                          | TX TXSWTR 4 10/15/2036                      | CUSIP: 882854J37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009166.00   | 0.20%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN                                             | MN MIN 3 12/01/2035                         | CUSIP: 60375BHC3<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1916136.00   | 0.38%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                  | IL ILSGEN 5 06/15/2032                      | CUSIP: 452227VC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3370621.78   | 0.67%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                               | KY KYSFAC 5 04/01/2033                      | CUSIP: 49151F5S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $832948.40    | 0.16%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                                 | MA MASDEV 11/01/2055                        | CUSIP: 57585BKD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2323704.80   | 0.46%             | 2055-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                        | NY NYSHGR 5 10/01/2028                      | CUSIP: 64985SEM1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    965000 | PA      | $1039669.77   | 0.21%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY ARIZ UNI SCH DIST NO 10 AMPHITHEATER               | AZ PIMSCD 5 07/01/2026                      | CUSIP: 721832KA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $555892.50    | 0.11%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TEX INDPT SCH DIST                                 | TX NSDSCD 5 08/15/2039                      | CUSIP: 66702RTW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1131537.90   | 0.22%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA                                          | FL MIAUTL 4 10/01/2038                      | CUSIP: 59334DKM5<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008990.00   | 0.40%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FLA                                              | FL MMBUTL 5 09/01/2033                      | CUSIP: 593241BS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $781727.55    | 0.15%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUN PRAIRIE WIS AREA SCH DIST                                | WI SUNSCD 3 03/01/2035                      | CUSIP: 866854SE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1343406.35   | 0.27%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLATHEAD CNTY MONT SCH DIST NO 6 COLUMBIA FALLS              | MT FLASCD 4 07/01/2034                      | CUSIP: 338768DE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035457.40   | 0.20%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA HOSP DEV AUTH                              | PA ALLMED 5 07/15/2033                      | CUSIP: 01728A4T0<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1292739.21   | 0.26%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX INDPT SCH DIST                                 | TX ASDSCD 5 02/15/2033                      | CUSIP: 041827AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $1053655.58   | 0.21%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST MUN ENERGY AGY                                   | KY KMEPWR 5 01/01/2039                      | CUSIP: 491499AL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    785000 | PA      | $852105.10    | 0.17%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DESCHUTES CNTY ORE ADMINISTRATIVE SCH DIST NO 1              | OR DESSCD 3 06/15/2035                      | CUSIP: 250325UB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2730347.87   | 0.54%             | 2035-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON SOUTHEASTERN IND CONS SCH BLDG CORP                 | IN HMLEDU 5 07/15/2034                      | CUSIP: 40785E2X3<br>LEI: 5493000FC485CIXGCV15 | Long             | DBT              | MUN               | US        |    335000 | PA      | $350219.79    | 0.07%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE N MEX                                               | NM SFE 4 08/01/2027                         | CUSIP: 802071HR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700772.03    | 0.14%             | 2027-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH                      | NY NYCGEN 5 11/01/2031                      | CUSIP: 64972JJN9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2292035.42   | 0.45%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAUPHIN CNTY PA                                              | PA DAU 5 11/15/2043                         | CUSIP: 238253Q27<br>LEI: 549300E86X2H9JIHEX42 | Long             | DBT              | MUN               | US        |   3620000 | PA      | $3791692.26   | 0.75%             | 2043-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TEX INDPT SCH DIST                       | TX PCOSCD 5 02/15/2039                      | CUSIP: 705227JJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050906.20   | 0.21%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAU FIN CORP FLA                                             | FL FAUFIN 5 07/01/2040                      | CUSIP: 31200CES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537611.20    | 0.11%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COWLITZ CNTY WASH PUB UTIL DIST NO 1                         | WA COWUTL 5 09/01/2029                      | CUSIP: 223769BY5<br>LEI: TS0L3NF45PNBQM207L23 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001030.30   | 0.20%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARYSVILLE OHIO                                              | OH MYVWTR 4 12/01/2032                      | CUSIP: 574486FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $315173.69    | 0.06%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BISMARCK N D                                                 | ND BIS 3.25 05/01/2029                      | CUSIP: 091582B70<br>LEI: 5493004YS3DDNIKCWV33 | Long             | DBT              | MUN               | US        |    835000 | PA      | $835207.50    | 0.17%             | 2029-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| COLUMBUS NEB                                                 | NE CLMGEN 4 12/15/2029                      | CUSIP: 199437MH4<br>LEI: 549300VPLMZFZSZPNV09 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254311.13    | 0.05%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUBLIN OHIO CITY SCH DIST                                    | OH DUBSCD 4 12/01/2034                      | CUSIP: 26371GTU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512277.70    | 0.10%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOPEWELL VALLEY N J REGL SCH DIST                            | NJ HWVSCD 3.5 01/15/2027                    | CUSIP: 439686LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3334295.37   | 0.66%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LA MESA CALIF                                                | CA LMSGEN 4 08/01/2031                      | CUSIP: 503642CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $403564.32    | 0.08%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST BLOOMFIELD MICH SCH DIST                                | MI WBTSCD 3 05/01/2036                      | CUSIP: 951452RY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3550234.57   | 0.70%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL CALIF UNI SCH DIST                                   | CA CENSCD 3 08/01/2037                      | CUSIP: 15276PPP8<br>LEI: 549300AKOP2UG4D0YH67 | Long             | DBT              | MUN               | US        |    755000 | PA      | $687517.35    | 0.14%             | 2037-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KITSAP CNTY WASH SCH DIST NO 303 BAINBRIDGE ISLAND           | WA KITSCD 4 12/01/2033                      | CUSIP: 498062PR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $853321.39    | 0.17%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE                    | MT MISSCD 5 06/15/2032                      | CUSIP: 605815EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $974682.36    | 0.19%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH                                      | GA BTWPOL 09/01/2029                        | CUSIP: 069643BL7<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908558.30    | 0.18%             | 2029-09-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| PENDER CNTY N C                                              | NC PEN 5 04/01/2041                         | CUSIP: 706716DS3<br>LEI: 549300TW9ZHCIKDLQB34 | Long             | DBT              | MUN               | US        |    575000 | PA      | $618377.71    | 0.12%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD OHIO CITY SCH DIST                                  | OH LKWSCD 4 11/01/2033                      | CUSIP: 512624SC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $376475.67    | 0.07%             | 2033-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA OHIO CMNTY COLLEGE DIST                             | OH CUYHGR 4 12/01/2032                      | CUSIP: 232392AS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1761535.13   | 0.35%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOISE ST UNIV IDAHO                                          | ID BSUHGR 5 04/01/2034                      | CUSIP: 097464F89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $250908.36    | 0.05%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GASTONIA N C                                                 | NC GSTUTL 5 05/01/2028                      | CUSIP: 367319ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $701216.88    | 0.14%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GROSSE POINTE MICH                                           | MI GRO 4 10/01/2034                         | CUSIP: 399064FU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $688294.15    | 0.14%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWELL MICH AREA SCHS                                        | MI LOWSCD 4 05/01/2036                      | CUSIP: 547694PB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $879420.67    | 0.17%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OWENSBORO KY                                                 | KY OWEWTR 3.38 09/15/2030                   | CUSIP: 691106MB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1813424.58   | 0.36%             | 2030-09-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEPT TRANSN                                        | KS KSSTRN 5 09/01/2033                      | CUSIP: 485424RL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5199249.00   | 1.03%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                       | RI RISMED 5 05/15/2032                      | CUSIP: 7621965J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1203307.18   | 0.24%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX                                              | TX SAN 5 02/01/2041                         | CUSIP: 79623PRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2439852.19   | 0.48%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EDMOND OKLA PUB WKS AUTH                                     | OK EDMFAC 5 07/01/2032                      | CUSIP: 28112NHS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1554887.25   | 0.31%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALPARAISO IND MULTI-SCHS BLDG CORP                          | IN VALEDU 5 07/15/2029                      | CUSIP: 920284GE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006549.20   | 0.20%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON AREA WIS SCH DIST                                 | WI BURSCD 3.12 04/01/2031                   | CUSIP: 121493KF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001370.40   | 0.20%             | 2031-04-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| FARGO N D                                                    | ND FAR 3 05/01/2034                         | CUSIP: 30747NHX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1501971.86   | 0.30%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAREDO TEX                                                   | TX LARUTL 4 03/01/2034                      | CUSIP: 517039VN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $285774.24    | 0.06%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                       | RI RISMED 5.25 05/15/2042                   | CUSIP: 7621967M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2648177.54   | 0.52%             | 2042-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH                                         | OH OHSPOL 5 12/01/2038                      | CUSIP: 67766WS60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2795257.25   | 0.55%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOWLING GREEN KY                                             | KY BOWUTL 3 06/01/2033                      | CUSIP: 102745PH3<br>LEI: 54930080VGM7PSGOKL96 | Long             | DBT              | MUN               | US        |   3115000 | PA      | $3011126.90   | 0.60%             | 2033-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GAVILAN CALIF JT CMNTY COLLEGE DIST                          | CA GAVHGR 3 08/01/2035                      | CUSIP: 368079JR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962038.90    | 0.19%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LEXINGTON-FAYETTE URBAN CNTY GOVT KY                         | KY LEX 3 10/01/2029                         | CUSIP: 52908EP64<br>LEI: 549300CQQJVZ2ZU0TG79 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1059654.65   | 0.21%             | 2029-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MADISON ALA                                                  | AL MADUTL 4 12/01/2036                      | CUSIP: 556589HZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $313726.63    | 0.06%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SALISBURY N C                                                | NC SALUTL 5 02/01/2035                      | CUSIP: 795375CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075363.30   | 0.21%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH                                  | CA STNPWR 5 07/01/2028                      | CUSIP: 84247PNH0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    755000 | PA      | $803945.14    | 0.16%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TENN                                               | TN KXVPWR 5 07/01/2042                      | CUSIP: 4997464A0<br>LEI: 5493002KM0TCCHHCDT47 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1684251.52   | 0.33%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTMINSTER COLO PUB SCHS                                    | CO ADASCD 5 12/01/2037                      | CUSIP: 960666AP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2255401.20   | 0.45%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON MICH CMNTY SCHS DIST                                | MI HMLSCD 4 05/01/2028                      | CUSIP: 407594GG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300386.64    | 0.06%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COWLITZ CNTY WASH PUB UTIL DIST NO 1                         | WA COWUTL 5 09/01/2030                      | CUSIP: 223769BZ2<br>LEI: TS0L3NF45PNBQM207L23 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2102115.96   | 0.42%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT MILL S C                                                | SC FTMUTL 4 12/01/2030                      | CUSIP: 34802PBL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $535241.39    | 0.11%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHWEST OHIO LOC SCH DIST HAMILTON & BUTLER CNTYS          | OH NWOSCD 5 12/01/2027                      | CUSIP: 667712BL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $175293.13    | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNMAN-DEARBORN IND HIGH SCH BLDG CORP                       | IN SUNEDU 5 07/15/2039                      | CUSIP: 867420DC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1315701.56   | 0.26%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN KY WTR DIST                                         | KY NKYWTR 4 02/01/2028                      | CUSIP: 665306LM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1110779.44   | 0.22%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                          | TX TXSWTR 4.45 10/15/2036                   | CUSIP: 88285ABA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057656.40   | 0.21%             | 2036-10-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| RICHARDSON TEX INDPT SCH DIST                                | TX RCNSCD 5 02/15/2036                      | CUSIP: 7632617P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099714.30   | 0.22%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOX CNTY TENN                                               | TN KNO 3 06/01/2032                         | CUSIP: 499513ED7<br>LEI: 549300WT27UFXOLT2D56 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1102318.61   | 0.22%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROCKFORD MICH PUB SCHS                                       | MI ROCSCD 4 05/01/2035                      | CUSIP: 773318VQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1790820.43   | 0.35%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY PA                                            | PA JEF 3 12/15/2033                         | CUSIP: 473450FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $392743.76    | 0.08%             | 2033-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FOND DU LAC WIS                                              | WI FON 2 03/01/2031                         | CUSIP: 344461MU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $823636.46    | 0.16%             | 2031-03-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WASATCH CNTY UTAH SCH DIST                                   | UT WCHSCD 5 06/01/2034                      | CUSIP: 936785AK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $835527.45    | 0.17%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUNDEE MICH CMNTY SCH DIST                                   | MI DUNSCD 5 05/01/2037                      | CUSIP: 265201JV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095671.50   | 0.22%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST UNIV                                                | ID ISUHGR 4 04/01/2035                      | CUSIP: 451470QH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $176755.81    | 0.03%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS A & M UNIV                                             | TX TAMHGR 5.25 05/15/2036                   | CUSIP: 88213AST3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118879.50   | 0.22%             | 2036-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NEV SCH DIST                                      | NV CLASCD 4 06/15/2037                      | CUSIP: 181059YS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005236.20   | 0.40%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MUSKEGO WIS                                                  | WI MSK 4 06/01/2032                         | CUSIP: 627636VM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $686261.23    | 0.14%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| POYNETTE WIS SCH DIST                                        | WI POYSCD 3 04/01/2031                      | CUSIP: 73941JDJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $849107.93    | 0.17%             | 2031-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH SCH DIST NO 405 BELLEVUE                      | WA KINSCD 3 12/01/2033                      | CUSIP: 495098B61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5095000 | PA      | $5038961.62   | 1.00%             | 2033-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA CNTY FLA                                            | FL SARUTL 5.25 10/01/2039                   | CUSIP: 803321RG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1105180.30   | 0.22%             | 2039-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO                                    | CO REGTRN 5 06/01/2036                      | CUSIP: 75913TKW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1223187.03   | 0.24%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                          | TX TXSWTR 5 04/15/2033                      | CUSIP: 88285AFD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3918108.30   | 0.77%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                          | IN INPBBK 5 02/01/2035                      | CUSIP: 45528VEH8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    900000 | PA      | $991482.21    | 0.20%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA                               | AL BBEUTL 03/01/2055                        | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1897333.06   | 0.37%             | 2055-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TEX CULTURAL ED FACS FIN CORP                   | TX TAREDU 11/15/2052                        | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008651.60   | 0.20%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST                                               | MS MSS 3 11/01/2026                         | CUSIP: 605581GT8<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000749.10   | 0.59%             | 2026-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTHWEST OHIO LOC SCH DIST HAMILTON & BUTLER CNTYS          | OH NWOSCD 4 12/01/2030                      | CUSIP: 667712BP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $365290.61    | 0.07%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOISE ST UNIV IDAHO                                          | ID BSUHGR 3 04/01/2035                      | CUSIP: 097464J77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $284743.62    | 0.06%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CASCADE CNTY MONT HIGH SCH DIST NO A                         | MT CASSCD 5 07/01/2034                      | CUSIP: 147249JZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $761133.20    | 0.15%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA MO                                                  | MO CLMWTR 3 10/01/2035                      | CUSIP: 198072ZZ6<br>LEI: 549300VPLMZFZSZPNV09 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2394230.83   | 0.47%             | 2035-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN NEB                                                  | NE LINUTL 3 06/15/2034                      | CUSIP: 534323KR0<br>LEI: 549300YUMTVQH8VHOB91 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1065075.91   | 0.21%             | 2034-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLATHEAD CNTY MONT SCH DIST NO 44                            | MT FLASCD 4 07/01/2036                      | CUSIP: 338815ED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $593944.24    | 0.12%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA OHIO CMNTY COLLEGE DIST                             | OH CUYHGR 4 12/01/2034                      | CUSIP: 232392AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004535.60   | 0.20%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST                                                 | LA LAS 5 09/01/2032                         | CUSIP: 546417KJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2298245.40   | 0.45%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH                                      | LA LASFAC 5 08/01/2041                      | CUSIP: 546399TT3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    485000 | PA      | $516172.89    | 0.10%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH                                  | NJ NJSEDU 5 05/15/2028                      | CUSIP: 646067JS8<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3187072.50   | 0.63%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA REDEV AUTH                                   | PA PHIDEV 5 09/01/2041                      | CUSIP: 717868JN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1426537.80   | 0.28%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GROSSE POINTE MICH PUB SCH SYS                               | MI GROSCD 5 05/01/2036                      | CUSIP: 399100KW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1729054.85   | 0.34%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA FE N MEX                                               | NM SFE 4 08/01/2026                         | CUSIP: 802071HQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225227.05    | 0.04%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAUKEE IOWA CMNTY SCH DIST                                   | IA WKESCD 2 06/01/2027                      | CUSIP: 942833WX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2059008.00   | 0.41%             | 2027-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN DELLS WIS SCH DIST                                 | WI WDLSCD 3.12 03/01/2030                   | CUSIP: 976626DZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1599014.62   | 0.32%             | 2030-03-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SOUTH MIAMI FLA HEALTH FACS AUTH                             | FL SMIMED 5 08/15/2042                      | CUSIP: 838810ED7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516522.50   | 0.30%             | 2042-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CARMEL IND REDEV AUTH                                        | IN CARDEV 5 01/15/2033                      | CUSIP: 143293CE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2801864.59   | 0.55%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP ILL                            | IL STSGEN 5 01/01/2041                      | CUSIP: 79467BHU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1276584.12   | 0.25%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAMS & ARAPAHOE CNTYS COLO JT SCH DIST NO 28J AURORA        | CO ADASCD 5.5 12/01/2040                    | CUSIP: 0054824Q4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1501030.31   | 0.30%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LAKEWOOD OHIO CITY SCH DIST                                  | OH LKWSCD 4 11/01/2032                      | CUSIP: 512624SB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $224641.38    | 0.04%             | 2032-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOISE ST UNIV IDAHO                                          | ID BSUHGR 3 04/01/2037                      | CUSIP: 097464J93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $283689.15    | 0.06%             | 2037-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH & EDL FACS AUTH                        | CT CTSMED 07/01/2042                        | CUSIP: 20774YJ99<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3477056.45   | 0.69%             | 2042-07-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| HUDSON OHIO CITY SCH DIST                                    | OH HUDSCD 4 12/01/2032                      | CUSIP: 444089BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $377496.56    | 0.07%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUDSON OHIO CITY SCH DIST                                    | OH HUDSCD 4 12/01/2031                      | CUSIP: 444089BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $352710.82    | 0.07%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HOPEWELL VALLEY N J REGL SCH DIST                            | NJ HWVSCD 4 01/15/2032                      | CUSIP: 439686LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002755.90   | 0.20%             | 2032-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LA MESA CALIF                                                | CA LMSGEN 4 08/01/2032                      | CUSIP: 503642DA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503539.75    | 0.10%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAREDO TEX                                                   | TX LARUTL 5 03/01/2033                      | CUSIP: 517039VM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209351.66    | 0.04%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE ALASKA                                             | AK ANC 3.5 09/01/2030                       | CUSIP: 0331614Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1448965.44   | 0.29%             | 2030-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COUNCIL BLUFFS IOWA                                          | IA COU 3 06/01/2029                         | CUSIP: 2221296Z6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1051918.98   | 0.21%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GASTONIA N C                                                 | NC GSTUTL 5 05/01/2029                      | CUSIP: 367319ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $265459.11    | 0.05%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST UNIV                                                | ID ISUHGR 4 04/01/2033                      | CUSIP: 451470QF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $183579.86    | 0.04%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAREDO TEX                                                   | TX LARUTL 4 03/01/2035                      | CUSIP: 517039VP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203454.38    | 0.04%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CEDAR RAPIDS IOWA                                            | IA CDRWTR 3 06/01/2029                      | CUSIP: 150591HY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950487.16    | 0.19%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LEXINGTON-FAYETTE URBAN CNTY GOVT KY                         | KY LEX 3.12 10/01/2030                      | CUSIP: 52908EP72<br>LEI: 549300CQQJVZ2ZU0TG79 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1095100.96   | 0.22%             | 2030-10-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ATHENS ALA                                                   | AL ATHPWR 3.75 06/01/2027                   | CUSIP: 046879MH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $645306.18    | 0.13%             | 2027-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BURLINGTON VT                                                | VT BUR 5 11/01/2033                         | CUSIP: 122062YV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201740.02    | 0.04%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY KANS UNI SCH DIST NO 512 SHAWNEE MISSION        | KS JOHSCD 3 10/01/2027                      | CUSIP: 478740RU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000288.90   | 0.20%             | 2027-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN LN COUNCIL                                    | FL FLSGEN 3.25 08/01/2033                   | CUSIP: 34282CQV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $531915.94    | 0.11%             | 2033-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IND                                               | IN FORUTL 3 12/01/2033                      | CUSIP: 349316MH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $625121.38    | 0.12%             | 2033-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLATHEAD CNTY MONT SCH DIST NO 6 COLUMBIA FALLS              | MT FLASCD 4 07/01/2035                      | CUSIP: 338768DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $770351.03    | 0.15%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IDAHO ST UNIV                                                | ID ISUHGR 4 04/01/2036                      | CUSIP: 451470QJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201144.20    | 0.04%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEBANON IND                                                  | IN LEBUTL 4 07/01/2035                      | CUSIP: 522534FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $918544.32    | 0.18%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAGLE RIV COLO WTR & SANTN DIST                              | CO ELRUTL 4 12/01/2030                      | CUSIP: 26983AAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $471676.61    | 0.09%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                 | IL CHITRN 5 01/01/2038                      | CUSIP: 167593M25<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    520000 | PA      | $540685.29    | 0.11%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EAST NOBLE IND SCH BLDG CORP                                 | IN ENBFAC 2 01/15/2027                      | CUSIP: 273893EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1186146.45   | 0.23%             | 2027-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH                            | CA CCEDEV 02/01/2052                        | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    855000 | PA      | $876343.62    | 0.17%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL CMNTY CONS SCH DIST NO 65 EVANSTON             | IL COOSCD 5 12/01/2039                      | CUSIP: 213687QD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060823.30   | 0.21%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BORDEN-HENRYVILLE MULTI-SCH BLDG CORP IND                    | IN BORSCD 5 07/15/2034                      | CUSIP: 099590AV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1394999.62   | 0.28%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MOBILE CNTY ALA BRD SCH COMMRS                               | AL MOBSCD 5 03/01/2037                      | CUSIP: 607298BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079062.70   | 0.21%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA PARISH SCH BRD SCH DIST NO 1       | LA SJBSCD 5.25 03/01/2037                   | CUSIP: 790229SV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1611370.05   | 0.32%             | 2037-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Northern Institutional Funds                                 | Northern Institutional Funds TREAS PRT PRMR | CUSIP: 665279873<br>LEI: 549300Y178DO5JBR1S04 | Long             | STIV             | RF                | US        |  12981051 | NS      | $12981050.54  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| TENNERGY CORP TENN                                           | TN TGYPWR 12/01/2051                        | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024596.30   | 0.20%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE ALASKA                                             | AK ANC 3.25 09/01/2028                      | CUSIP: 0331614X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1100755.54   | 0.22%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BOISE ST UNIV IDAHO                                          | ID BSUHGR 4 04/01/2032                      | CUSIP: 097464F63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $457902.37    | 0.09%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BROADWATER CNTY MONT K-12 SCH DIST NO 1 TOWNSEND             | MT BROSCD 3 07/01/2037                      | CUSIP: 111423CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $421651.72    | 0.08%             | 2037-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALBUQUERQUE N MEX MUN SCH DIST NO 12                         | NM ALBSCD 5 08/01/2034                      | CUSIP: 013595VW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1895691.42   | 0.37%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLAY CNTY MO PUB SCH DIST                                    | MO CLASCD 4 03/01/2033                      | CUSIP: 18347AJT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003499.40   | 0.20%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEPT MGMT SVCS                                    | FL FLACTF 3 11/01/2035                      | CUSIP: 34160PEU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926205.70    | 0.18%             | 2035-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KENTON CNTY KY SCH DIST FIN CORP                             | KY KENEDU 2 02/01/2032                      | CUSIP: 491089A57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1770000 | PA      | $1592383.86   | 0.31%             | 2032-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SARPY CNTY NEB                                               | NE SAR 3.5 06/01/2037                       | CUSIP: 80373FMZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986223.30    | 0.19%             | 2037-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CEDAR PARK TEX                                               | TX CDP 5 02/15/2037                         | CUSIP: 1504615T4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079047.10   | 0.21%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA                               | AL BBEUTL 12/01/2053                        | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2178006.80   | 0.43%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| TROY MO REORG SCH DIST NO 3                                  | MO TROSCD 5 03/01/2040                      | CUSIP: 897506NF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066072.20   | 0.21%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY KY BRD ED                                      | KY FKLSCD 5 06/01/2042                      | CUSIP: 35282LAS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050651.80   | 0.21%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX                                                  | TX HOUUTL 5 11/15/2039                      | CUSIP: 4424355Z2<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1726090.55   | 0.34%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRAL UTAH WTR CONSERVANCY DIST                            | UT CUTWTR 4 10/01/2033                      | CUSIP: 15567RBK8<br>LEI: 5493001AT8W3NBIEDB45 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2535527.00   | 0.50%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BISMARCK N D                                                 | ND BIS 3.12 05/01/2031                      | CUSIP: 091582E93<br>LEI: 5493004YS3DDNIKCWV33 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1016070.52   | 0.20%             | 2031-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BUNCOMBE CNTY N C MET SEW DIST                               | NC BUNUTL 4 07/01/2027                      | CUSIP: 120532JF4<br>LEI: 254900U5AA2F4DQUFZ71 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1210792.79   | 0.24%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBUQUERQUE N MEX MUN SCH DIST NO 12                         | NM ALBSCD 5 08/01/2035                      | CUSIP: 013595VX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2728968.84   | 0.54%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE                    | MT MISSCD 5 06/15/2033                      | CUSIP: 605815EJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1035382.86   | 0.20%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DUCHESNE SCH DIST UTAH MUN BLDG AUTH                         | UT DUCFAC 5 06/01/2036                      | CUSIP: 26410TAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1204172.02   | 0.24%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARLANDALE TEX INDPT SCH DIST                                | TX HLDSCD 5.25 08/15/2039                   | CUSIP: 412707LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099545.70   | 0.22%             | 2039-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WALLER TEX INDPT SCH DIST                                    | TX WLRSCD 5 02/15/2037                      | CUSIP: 932493KQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096151.00   | 0.22%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST                                             | MA MAS 5 05/01/2039                         | CUSIP: 57582R3H7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1623383.88   | 0.32%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                                                | WA WAS 5 08/01/2038                         | CUSIP: 93974EH25<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100402.70   | 0.22%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TEX                                              | TX SANUTL 5 02/01/2039                      | CUSIP: 79625GJK0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1095449.54   | 0.22%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENTON TEX INDPT SCH DIST                                    | TX DNNSCD 08/15/2055                        | CUSIP: 249002NM4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3119557.80   | 0.62%             | 2055-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| LOVEJOY INDPT SCH DIST TEX                                   | TX LOVSCD 5 02/15/2035                      | CUSIP: 547160XS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1441157.38   | 0.28%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BISMARCK N D                                                 | ND BIS 3.12 05/01/2032                      | CUSIP: 091582F27<br>LEI: 5493004YS3DDNIKCWV33 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1060784.82   | 0.21%             | 2032-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG & MTG FIN CORP                              | RI RISHSG 2.2 10/01/2033                    | CUSIP: 76221RV34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $682792.89    | 0.13%             | 2033-10-01      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| KEARNEY NEB                                                  | NE KEA 4 05/15/2035                         | CUSIP: 4868907K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501649.60    | 0.10%             | 2035-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST MONROE LA                                               | LA WSMGEN 5 12/01/2039                      | CUSIP: 954625DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $875604.18    | 0.17%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOODFORD CNTY KY SCH DIST FIN CORP                           | KY WOOEDU 5 08/01/2039                      | CUSIP: 979385NL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064038.90   | 0.21%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN COUNCIL MINN                                    | MN METGEN 3.75 03/01/2032                   | CUSIP: 591852ZD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5503179.55   | 1.09%             | 2032-03-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AURORA ILL                                                   | IL AUR 5 12/30/2042                         | CUSIP: 0516454L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051031.50   | 0.21%             | 2042-12-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE ALASKA                                             | AK ANC 3.25 09/01/2028                      | CUSIP: 0331615T3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1055519.01   | 0.21%             | 2028-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BOISE ST UNIV IDAHO                                          | ID BSUHGR 3 04/01/2033                      | CUSIP: 097464J51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $535726.99    | 0.11%             | 2033-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MISSOULA CNTY MONT SCH DIST NO 4 HELLGATE                    | MT MISSCD 5.25 06/15/2035                   | CUSIP: 605815EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $906684.59    | 0.18%             | 2035-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UPPER BRUSHY CREEK WTR CTL & IMPT DIST TEX                   | TX UBCWTR 3 08/15/2031                      | CUSIP: 915556AJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004028.70   | 0.20%             | 2031-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| VAN BUREN MICH PUB SCHS                                      | MI VANSCD 4 11/01/2035                      | CUSIP: 920729JP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017911.00   | 0.20%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH                                       | NJ NJSTRN 5 01/01/2031                      | CUSIP: 646140JN4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    850000 | PA      | $952551.48    | 0.19%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE TRAVIS TEX INDPT SCH DIST                               | TX LKTSCD 4 02/15/2033                      | CUSIP: 511074YY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $285456.19    | 0.06%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH & ED FACS AUTH                          | NH NHSMED 5 06/01/2035                      | CUSIP: 64461XMJ1<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158505.90   | 0.23%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PPTY & BLDGS COMMN                               | KY KYSFAC 5 05/01/2039                      | CUSIP: 49151FS92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1203473.73   | 0.24%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANCHORAGE ALASKA                                             | AK ANC 3.5 09/01/2029                       | CUSIP: 0331615U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1097489.06   | 0.22%             | 2029-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BRAXTON CNTY W VA                                            | WV BRAEDU 2.25 05/01/2026                   | CUSIP: 105745CE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124440.95    | 0.02%             | 2026-05-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BURLINGTON VT                                                | VT BUR 5 11/01/2034                         | CUSIP: 122062ZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $433567.58    | 0.09%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANTIOCH CALIF UNI SCH DIST                                   | CA ANCSCD 3 08/01/2035                      | CUSIP: 037105ML4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1097390.61   | 0.22%             | 2035-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RED ROCK CENT MINN INDPT SCH DIST NO 2884                    | MN RRKSCD 3 02/01/2034                      | CUSIP: 75700RAX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987285.10    | 0.20%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RANGE VIEW LIBR DIST COLO                                    | CO RAVFAC 5 12/15/2037                      | CUSIP: 75289FBP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $710974.10    | 0.14%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD                                                 | MD BALGEN 5 07/01/2035                      | CUSIP: 05922KW54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108232.50   | 0.22%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY TEX                                               | TX UNIHGR 5 07/01/2040                      | CUSIP: 915130AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1889433.18   | 0.37%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAKE TRAVIS TEX INDPT SCH DIST                               | TX LKTSCD 4 02/15/2033                      | CUSIP: 511074ZD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $490050.84    | 0.10%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST ALLEN MULTI SCH BLDG CORP IND                           | IN ETAEDU 5 07/15/2036                      | CUSIP: 270456JU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107772.00   | 0.22%             | 2036-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEQUOT LAKES MINN INDPT SCH DIST NO 186                      | MN PEQSCD 5 02/01/2036                      | CUSIP: 713567JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1078613.09   | 0.21%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH N Y & N J                                          | NY PORTRN 5 10/15/2037                      | CUSIP: 73358XQM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1541557.71   | 0.30%             | 2037-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRAXTON CNTY W VA                                            | WV BRAEDU 4 05/01/2026                      | CUSIP: 105745BZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251812.23    | 0.05%             | 2026-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH                                            | IL ILSGEN 4 08/01/2038                      | CUSIP: 45203HE81<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $961106.10    | 0.19%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                     | TX TXS 4 10/01/2035                         | CUSIP: 882723ZK8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2655599.50   | 0.52%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUNTSVILLE ALA                                               | AL HUNPWR 5 12/01/2042                      | CUSIP: 447060HJ6<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056699.30   | 0.21%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CALIF UNI SCH DIST                               | CA LOSSCD 5 07/01/2032                      | CUSIP: 544647HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2343418.00   | 0.46%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON ST HSG & CMNTY SVCS DEPT                              | OR ORSHSG 4.75 07/01/2040                   | CUSIP: 6860875Y9<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023868.00   | 0.20%             | 2040-07-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PLATTE CNTY MO SCH DIST PARK HILL                            | MO PLASCD 3.35 03/01/2036                   | CUSIP: 727730JA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955918.40    | 0.19%             | 2036-03-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO REORG SCH DIST NO R-5 GRAIN VALLEY           | MO JACSCD 5 03/01/2035                      | CUSIP: 467494PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2093823.60   | 0.41%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ST JOHNS CNTY FLA SCH BRD                                    | FL STJEDU 5 07/01/2041                      | CUSIP: 790409HP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1515769.37   | 0.30%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH                               | MA MASEDU 5 02/15/2029                      | CUSIP: 576000E90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171434.00   | 0.43%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                               | CT CTSGEN 4 09/01/2035                      | CUSIP: 207758VX8<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1303733.47   | 0.26%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALDINE TEX INDPT SCH DIST                                    | TX ALDSCD 4 02/15/2033                      | CUSIP: 014393XJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011220.00   | 0.20%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST HEALTH & EDL BLDG CORP                       | RI RISMED 5 05/15/2041                      | CUSIP: 7621964C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1845167.82   | 0.36%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH                      | NY NYCFAC 5 07/15/2033                      | CUSIP: 64972LBA0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $2119372.03   | 0.42%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ISLAND CNTY WASH CONS SCH DIST NO 206 SOUTH WHIDBEY          | WA ISLSCD 5 12/01/2042                      | CUSIP: 464452FS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070571.20   | 0.21%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX CMNTY COLLEGE DIST                                | TX AUSHGR 4 08/01/2040                      | CUSIP: 052403LD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $225505.66    | 0.04%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TEXAS WATER DEV BRD                                          | TX TXSWTR 5 04/15/2029                      | CUSIP: 88285AHZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1168807.83   | 0.23%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HWY AUTH                                    | IL ILSTRN 5 01/01/2040                      | CUSIP: 452252LE7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3006175.20   | 0.59%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SALT RIV PROJ ARIZ AGRIC IMPT & PWR DIST                     | AZ SALAGR 4 01/01/2038                      | CUSIP: 79574CCB7<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002248.70   | 0.20%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH & EDL FACS AUTH                          | WI WISMED 5 11/15/2039                      | CUSIP: 97712DQV1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3041763.34   | 0.60%             | 2039-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY ALA                                           | AL JEFUTL 5 10/01/2038                      | CUSIP: 472682ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076830.40   | 0.21%             | 2038-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREMONT CNTY COLO SCH DIST NO RE-1 CANON CITY                | CO FRESCD 5 12/01/2041                      | CUSIP: 357190HN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $848634.67    | 0.17%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEAUMONT TEX                                                 | TX BEA 5 03/01/2038                         | CUSIP: 074510AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $875357.69    | 0.17%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CEDAR RAPIDS IOWA CMNTY SCH DIST                             | IA CDRSCD 5 06/01/2035                      | CUSIP: 150537HK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100080.40   | 0.22%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH                                                 | WA SEAUTL 4 05/01/2036                      | CUSIP: 812631LK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000036.70   | 0.20%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MICH PUB SCHS                                   | MI GRASCD 5 05/01/2041                      | CUSIP: 386280SL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1310745.06   | 0.26%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON VT                                                | VT BUR 5 11/01/2035                         | CUSIP: 122062ZT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $457784.04    | 0.09%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOULA CNTY MONT HIGH DIST NO 1                            | MT MISSCD 4 07/01/2032                      | CUSIP: 60580TEP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1021060.81   | 0.20%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY MUN WTR FIN AUTH                           | NY NYCUTL 5 06/15/2036                      | CUSIP: 64972GG73<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $3185694.50   | 0.63%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELL CNTY TEX WTR CTL & IMPT DIST NO 1                       | TX BELWTR 5 07/10/2031                      | CUSIP: 078043QF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $598193.18    | 0.12%             | 2031-07-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHEMEKETA ORE CMNTY COLLEGE DIST                             | OR CHEHGR 5 06/15/2038                      | CUSIP: 163597JR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118635.80   | 0.22%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KAUFMAN CNTY TEX                                             | TX KAU 5 02/15/2037                         | CUSIP: 486188LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1867386.25   | 0.37%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                | CA CAS 5 08/01/2032                         | CUSIP: 13063ENR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1151023.50   | 0.23%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                               | CT CTS 5 08/15/2032                         | CUSIP: 20772KE96<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1859270.24   | 0.37%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO ILL O HARE INTL ARPT                                 | IL CHITRN 5 01/01/2037                      | CUSIP: 167593YK2<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022467.00   | 0.40%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SMITH CNTY TEX                                               | TX SMI 5 08/15/2039                         | CUSIP: 832033MY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070186.80   | 0.21%             | 2039-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAWAII ST DEPT BUDGET & FIN                                  | HI HISGEN 5 07/01/2036                      | CUSIP: 419800QJ9<br>LEI: 5493002Y81US5EEDOV69 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131999.60   | 0.22%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH                               | MA MASEDU 5 02/15/2036                      | CUSIP: 576000G56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $584342.20    | 0.12%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH                                     | MI MISHSG 4.65 06/01/2041                   | CUSIP: 594654J71<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001347.40   | 0.20%             | 2041-06-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| REGIONAL TRANSN DIST COLO                                    | CO REGTRN 5 11/01/2034                      | CUSIP: 759136UP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1520207.65   | 0.30%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PECOS BARSTOW TOYAH TEX INDPT SCH DIST                       | TX PCOSCD 5 02/15/2036                      | CUSIP: 705227HL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1813545.87   | 0.36%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY                                 | MA MASDEV 5 07/01/2035                      | CUSIP: 57584XHY0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1418669.56   | 0.28%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MUSKEGO WIS                                                  | WI MSK 4 06/01/2031                         | CUSIP: 627636VL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $305943.15    | 0.06%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENS ALA                                                   | AL ATHPWR 4 06/01/2028                      | CUSIP: 046879MJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $665420.88    | 0.13%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUDSON OHIO CITY SCH DIST                                    | OH HUDSCD 4 12/01/2034                      | CUSIP: 444089BX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $879198.95    | 0.17%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LA VISTA NEB                                                 | NE LAV 3 09/15/2041                         | CUSIP: 505318VV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $847207.20    | 0.17%             | 2041-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BIG LAKE MINN INDPT SCH DIST NO 727                          | MN BIGSCD 3 02/01/2033                      | CUSIP: 089275PT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $561772.62    | 0.11%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANGAMON CNTY ILL SCH DIST NO 186 SPRINGFIELD                | IL SGCSCD 3 02/01/2035                      | CUSIP: 800766NK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948144.80    | 0.19%             | 2035-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER AUTH TEX                                       | TX TRIUTL 3.5 08/01/2036                    | CUSIP: 89658HYP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998108.00    | 0.20%             | 2036-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MUNDELEIN ILL                                                | IL MUN 4 12/15/2039                         | CUSIP: 626082JD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1343203.23   | 0.27%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREENE CNTY MO REORG SCH DIST NO R-2                         | MO GRESCD 5 03/01/2039                      | CUSIP: 394514JH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $930767.77    | 0.18%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST                                                     | TX TXS 5 08/01/2035                         | CUSIP: 8827244T1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1147953.80   | 0.23%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLAY CNTY MO PUB SCH DIST                                    | MO CLASCD 4 03/01/2034                      | CUSIP: 18347AJU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2506835.75   | 0.50%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATHENS ALA                                                   | AL ATHUTL 3 05/01/2028                      | CUSIP: 047033HX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $976873.90    | 0.19%             | 2028-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CEDAR RAPIDS IOWA                                            | IA CDR 5 06/01/2040                         | CUSIP: 1505282L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1121691.61   | 0.22%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP                               | TX CLIEDU 5 08/15/2028                      | CUSIP: 187145VU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1703969.60   | 0.34%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST SCH BD AUTH                                     | TN TNSHGR 5 11/01/2042                      | CUSIP: 880558MG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2614677.90   | 0.52%             | 2042-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ENERGY FIN DEV CORP                                 | NY NYEFAC 07/01/2056                        | CUSIP: 64947PAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068193.00   | 0.21%             | 2056-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH                                        | NY NYSHGR 5 07/01/2038                      | CUSIP: 64985SMY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1330039.59   | 0.26%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Advisers Investment Trust

**Signature:** Troy Sheets

**Name of Signer:** Troy Sheets

**Title:** Treasurer