# EDGAR Filing Document

**Accession Number:** 0001020661
**File Stem:** 0001020661-26-000004
**Filing Date:** 2026-1
**Character Count:** 134926
**Document Hash:** 8469b1a28ebf067d498c3308fb63492e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001020661-26-000004.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001020661-26-000004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN MULTISTATE TRUST III
- **CENTRAL INDEX KEY:** 0001020661

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07943
- **FILM NUMBER:** 26568790

**BUSINESS ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 W WACKER DRIVE 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3129178200

**MAIL ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 W WACKER DR 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NUVEEN  MULTISTATE TRUST III
- **DATE OF NAME CHANGE:** 20040108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NUVEEN FLAGSHIP MULTISTATE TRUST III
- **DATE OF NAME CHANGE:** 19960807

## Series and Classes Contracts Data

### Nuveen North Carolina Municipal Bond Fund (Series ID: S000000562)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000001556 | Nuveen North Carolina Municipal Bond Fund - Class A | FLNCX           |
| C000001559 | Nuveen North Carolina Municipal Bond Fund - Class I | FCNRX           |
| C000137685 | Class C                                             | FDCCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nuveen Multistate Trust III

- **b. Investment Company Act file number:** 811-07943

- **c. CIK number of Registrant:** 0001020661

- **d. LEI of Registrant:** 549300KF91725RB3OG60

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

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

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

- **a. Name of Series:** Nuveen North Carolina Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000000562

- **c. LEI of Series:** MR4QVTHE7H776RYIWT58

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $485151153.00

**Total Liabilities:** $3675204.00

**Net Assets:** $481475949.00

**Delayed Delivery Securities:** $1871882.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -10.96000000 | **1-Year:** -2435.01000000 | **5-Year:** -13000.95000000 | **10-Year:** -199095.39000000 | **30-Year:** -139696.64000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -127.20000000 | **10-Year:** -1854.15000000 | **30-Year:** -549.98000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001556 | 2.84%                | 1.56%                | 0.16%                |
| Class ID C000001559 | 2.85%                | 1.58%                | 0.18%                |
| Class ID C000137685 | 2.88%                | 1.39%                | 0.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $163761.98               | $11996643.40                               |
| Month 2  | $0.00                    | $5878664.93                                |
| Month 3  | $0.00                    | $-496309.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | CUSIP: 65820FAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10170000 | PA      | $10109628.85  | 2.10%             | 2054-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | CUSIP: 65820FAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501250.85   | 0.31%             | 2037-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | CUSIP: 65820YLS3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    550000 | PA      | $557333.37    | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Series 2017A                                                                 | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Series 2017A                                                                 | CUSIP: 65830UAC6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1202995.80   | 0.25%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2015A                                                        | North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2015A                                                        | CUSIP: 658203X25<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    295000 | PA      | $295663.46    | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | CUSIP: 161036MH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1956448.34   | 0.41%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Sewerage District of Buncombe County, North Carolina, Sewerage System Revenue Bonds, Series 2014                                          | Metropolitan Sewerage District of Buncombe County, North Carolina, Sewerage System Revenue Bonds, Series 2014                                          | CUSIP: 120532KF2<br>LEI: 254900U5AA2F4DQUFZ71 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1752412.20   | 0.36%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | CUSIP: 147056GD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1740505.56   | 0.36%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | CUSIP: 147056GF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $405606.56    | 0.08%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | CUSIP: 160853ST5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3006573.60   | 0.62%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | CUSIP: 160853SX6<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1687627.42   | 0.35%             | 2040-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | CUSIP: 161036MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6610000 | PA      | $6679389.14   | 1.39%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | CUSIP: 238603BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010894.70   | 0.21%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | CUSIP: 238603BH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1814348.31   | 0.38%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | CUSIP: 266122BL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1484830.29   | 0.31%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | CUSIP: 266122BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006181.60   | 0.21%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Durham Capital Financing Corporation, Durham County, North Carolina, Limited Obligation Bonds, Refunding Series 2016                                   | Durham Capital Financing Corporation, Durham County, North Carolina, Limited Obligation Bonds, Refunding Series 2016                                   | CUSIP: 266780CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1295400.61   | 0.27%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015                                                                             | Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015                                                                             | CUSIP: 616129AA0<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350271.67    | 0.07%             | 2040-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | CUSIP: 644804FL5<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |    960000 | PA      | $1001809.73   | 0.21%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | CUSIP: 65818PLE7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    800000 | PA      | $761978.64    | 0.16%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | CUSIP: 65818PLF4<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    685000 | PA      | $644356.14    | 0.13%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B                                                      | North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B                                                      | CUSIP: 658196PK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $310817.94    | 0.06%             | 2026-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2016A                                                        | North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2016A                                                        | CUSIP: 6582034N1<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    740000 | PA      | $749874.71    | 0.16%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | CUSIP: 65820YLU8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    225000 | PA      | $227935.17    | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2015                                     | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2015                                     | CUSIP: 65821DSM4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   5860000 | PA      | $5864111.38   | 1.22%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Deerfield Episcopal Retirement Community, Refunding First Mortgage Serie | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Deerfield Episcopal Retirement Community, Refunding First Mortgage Serie | CUSIP: 65821DUY5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105757.51    | 0.02%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | CUSIP: 65829QCX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $268906.25    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAQ2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |     70000 | PA      | $53235.86     | 0.01%             | 2034-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAR0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3760000 | PA      | $2741206.94   | 0.57%             | 2035-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAS8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $13892686.00  | 2.89%             | 2036-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAT6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  20150000 | PA      | $13290214.60  | 2.76%             | 2037-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAU3<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  15615000 | PA      | $9752796.40   | 2.03%             | 2038-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAG7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    865000 | PA      | $813932.04    | 0.17%             | 2027-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAJ1<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    880000 | PA      | $756288.98    | 0.16%             | 2029-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAM4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    175000 | PA      | $129693.46    | 0.03%             | 2032-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAP7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1002890.25   | 0.21%             | 2034-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAQ5<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2905000 | PA      | $1843172.53   | 0.38%             | 2035-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAT9<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3735000 | PA      | $2029334.19   | 0.42%             | 2038-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAU6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3995000 | PA      | $2063155.03   | 0.43%             | 2039-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAV4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2385000 | PA      | $1170046.89   | 0.24%             | 2040-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | CUSIP: 67140PDM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1258366.75   | 0.26%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | CUSIP: 67140PDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1376047.51   | 0.29%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | CUSIP: 67140PDT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028513.90   | 0.21%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A                                                        | Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A                                                        | CUSIP: 751073JY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300351.81    | 0.06%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rocky Mount, North Carolina, Special Obligation Bonds, Series 2016                                                                                     | Rocky Mount, North Carolina, Special Obligation Bonds, Series 2016                                                                                     | CUSIP: 774652AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009717.30   | 0.21%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sampson County Water & Sewer District II, North Carolina, General Obligation Bonds, Refunding Series 2015                                              | Sampson County Water & Sewer District II, North Carolina, General Obligation Bonds, Refunding Series 2015                                              | CUSIP: 79587WAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1260767.84   | 0.26%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | CUSIP: 906400DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1021923.82   | 0.21%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | CUSIP: 906400DD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500923.05    | 0.10%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2017                                                                  | University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2017                                                                  | CUSIP: 914710HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5010964.00   | 1.04%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, Limited Obligation Bonds, Refunding Series 2016A                                                                          | Wake County, North Carolina, Limited Obligation Bonds, Refunding Series 2016A                                                                          | CUSIP: 930876CZ8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509993.20    | 0.11%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017                                                                        | Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017                                                                        | CUSIP: 79588VBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3630340.14   | 0.75%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | CUSIP: 914716H73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6722527.68   | 1.40%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | CUSIP: 809323AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520748.25    | 0.11%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | CUSIP: 809323AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258992.28    | 0.05%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017                                                                 | University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017                                                                 | CUSIP: 914719UV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052907.60   | 0.22%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | CUSIP: 914716K38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $239966.36    | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017                                                                | Monroe, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017                                                                | CUSIP: 611190FB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1438420.70   | 0.30%             | 2043-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, Wake Forest University, Refunding Series 2016                  | North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, Wake Forest University, Refunding Series 2016                  | CUSIP: 65818PKQ1<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5019877.50   | 1.04%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2015                                     | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2015                                     | CUSIP: 65821DSN2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001118.10   | 0.62%             | 2045-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | CUSIP: 65829QCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3383961.54   | 0.70%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | CUSIP: 121358BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $411519.64    | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | CUSIP: 121358BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102906.66    | 0.02%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2018                       | North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2018                       | CUSIP: 65818PMH9<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4906263.50   | 1.02%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University, North Carolina, General Revenue Bonds, Series 2018                                                                        | Western Carolina University, North Carolina, General Revenue Bonds, Series 2018                                                                        | CUSIP: 957897KR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4574589.75   | 0.95%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Greensboro, General Revenue Bonds, Series 2018                                                                           | University of North Carolina, Greensboro, General Revenue Bonds, Series 2018                                                                           | CUSIP: 914719XA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6156974.40   | 1.28%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | CUSIP: 644804FG6<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   2895000 | PA      | $3021082.46   | 0.63%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | CUSIP: 809323BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $723909.77    | 0.15%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | CUSIP: 809323BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $695067.65    | 0.14%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | CUSIP: 644804FM3<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3120219.88   | 0.65%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017A                                                                     | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017A                                                                     | CUSIP: 395468KZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4904760.00   | 1.02%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | CUSIP: 914716H65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2218134.73   | 0.46%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2016                                                                      | Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2016                                                                      | CUSIP: 396290CY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3230959.81   | 0.67%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Appalachian State University, North Carolina, General Revenue Bonds, Millennial Campus End Zone Project, Series 2018                                   | Appalachian State University, North Carolina, General Revenue Bonds, Millennial Campus End Zone Project, Series 2018                                   | CUSIP: 037777YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2048225.00   | 0.43%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JQF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3554000 | PA      | $2698698.98   | 0.56%             | 2033-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5296000 | PA      | $5297484.47   | 1.10%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | CUSIP: 65821DWE7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062175.20   | 0.22%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | CUSIP: 65821DWG2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057835.20   | 0.22%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Central University, General Revenue Bonds, Series 2019                                                                                  | North Carolina Central University, General Revenue Bonds, Series 2019                                                                                  | CUSIP: 65819PDQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1080117.72   | 0.22%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | CUSIP: 161037Y91<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032139.50   | 0.21%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $491971.81    | 0.10%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $790395.53    | 0.16%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $442995.27    | 0.09%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550029.95   | 0.32%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | CUSIP: 1610372S4<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2049558.48   | 0.43%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Appalachian State University, North Carolina, General Revenue Bonds, Series 2019                                                                       | Appalachian State University, North Carolina, General Revenue Bonds, Series 2019                                                                       | CUSIP: 037777ZY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3170909.80   | 0.66%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sanford, North Carolina, Enterprise Systems Revenue Bonds, Refunding Series 2019                                                                       | Sanford, North Carolina, Enterprise Systems Revenue Bonds, Refunding Series 2019                                                                       | CUSIP: 800618BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1765794.86   | 0.37%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A                              | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A                              | CUSIP: 65821DWK3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |  28995000 | PA      | $26234568.72  | 5.45%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Taxable Restructured Cofina Project Series 2019A-2                               | CUSIP: 74529JRH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7405000 | PA      | $7222698.53   | 1.50%             | 2040-07-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Series 2018A                                                    | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Series 2018A                                                    | CUSIP: 65830VAD2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   4875000 | PA      | $4957186.16   | 1.03%             | 2036-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Revenue Bonds, First Mortgage Galloway Ridge Project, Refunding Series 2019A                                   | North Carolina Medical Care Commission, Revenue Bonds, First Mortgage Galloway Ridge Project, Refunding Series 2019A                                   | CUSIP: 65820YQW9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1176639.08   | 0.24%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | CUSIP: 139391EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4615000 | PA      | $4551036.10   | 0.95%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019                                                                 | University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019                                                                 | CUSIP: 914714CY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8010000 | PA      | $9024343.95   | 1.87%             | 2045-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Sharon Towers, Series 2019A                                | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Sharon Towers, Series 2019A                                | CUSIP: 65820YRN8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1076144.25   | 0.22%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | CUSIP: 65830VAK6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $2508211.20   | 0.52%             | 2042-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | CUSIP: 65830VAQ3<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $5719988.25   | 1.19%             | 2047-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | CUSIP: 65830VAS9<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $870731.68    | 0.18%             | 2049-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | CUSIP: 65830VAR1<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $2109270.00   | 0.44%             | 2048-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A                                      | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A                                      | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2194886.54   | 0.46%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B                                                                       | Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B                                                                       | CUSIP: 957897MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5894379.60   | 1.22%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Series 2020B                                                                                           | North Carolina State, Limited Obligation Bonds, Series 2020B                                                                                           | CUSIP: 65829QED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2379309.02   | 0.49%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | CUSIP: 65821DYC9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    285000 | PA      | $285859.42    | 0.06%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | CUSIP: 65821DYD7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    295000 | PA      | $296420.22    | 0.06%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | CUSIP: 65821DYF2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    550000 | PA      | $513052.10    | 0.11%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, Wake Forest University, Series 2018                            | North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, Wake Forest University, Series 2018                            | CUSIP: 65818PNA3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2828670.90   | 0.59%             | 2048-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2020                                                                         | Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2020                                                                         | CUSIP: 117068HK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1395434.16   | 0.29%             | 2046-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, EveryAge, Series 2021A                                     | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, EveryAge, Series 2021A                                     | CUSIP: 65820YSP2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $2513641.38   | 0.52%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Series 2022A                                                                                           | North Carolina State, Limited Obligation Bonds, Series 2022A                                                                                           | CUSIP: 65829QFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $2043238.81   | 0.42%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | CUSIP: 139391EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1927731.58   | 0.40%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Nascar Hall of Fame Public Facilities, Refunding Series 2019C                                | Charlotte, North Carolina, Certificates of Participation, Nascar Hall of Fame Public Facilities, Refunding Series 2019C                                | CUSIP: 161037Z66<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1495329.02   | 0.31%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | CUSIP: 914716L29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4415000 | PA      | $4415037.09   | 0.92%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | CUSIP: 396321EM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $335519.35    | 0.07%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | CUSIP: 396321EN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $327499.38    | 0.07%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | CUSIP: 396321EP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302188.77    | 0.06%             | 2043-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | CUSIP: 396321EQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330364.49    | 0.07%             | 2044-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                 | CUSIP: 396321ER8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $763502.36    | 0.16%             | 2046-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clayton, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                             | Clayton, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                             | CUSIP: 184383AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1998337.35   | 0.42%             | 2045-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency, Educational Facilities Revenue Bonds, Campbell University, Refunding Series 2021A                    | North Carolina Capital Facilities Finance Agency, Educational Facilities Revenue Bonds, Campbell University, Refunding Series 2021A                    | CUSIP: 65818PPC7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058047.40   | 0.22%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Asheville, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                             | Asheville, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                             | CUSIP: 044033SR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519055.10    | 0.11%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A                                                                            | Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A                                                                            | CUSIP: 161035HG8<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1755938.63   | 0.36%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2022A                                       | Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2022A                                       | CUSIP: 12677RDQ7<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3267455.10   | 0.68%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | CUSIP: 629752AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $745795.25    | 0.15%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | CUSIP: 629752AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $1025127.85   | 0.21%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | CUSIP: 629752AS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $1013870.93   | 0.21%             | 2041-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | Nags Head, North Carolina, Limited Obligation Bonds, Series 2023                                                                                       | CUSIP: 629752AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $1009937.16   | 0.21%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Series 2020B                                                                                           | North Carolina State, Limited Obligation Bonds, Series 2020B                                                                                           | CUSIP: 65829QEE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $894169.71    | 0.19%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, General Obligation Bonds, Public Improvement Series 2023A                                                                 | Wake County, North Carolina, General Obligation Bonds, Public Improvement Series 2023A                                                                 | CUSIP: 930864GS6<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5610071.50   | 1.17%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Series 2020A                                                                           | University of North Carolina, Charlotte, General Revenue Bonds, Series 2020A                                                                           | CUSIP: 914716P82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018369.30   | 0.21%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh, North Carolina, Combined Enterprise System Revenue and Refunding Bonds, Series 2023                                                   | City of Raleigh, North Carolina, Combined Enterprise System Revenue and Refunding Bonds, Series 2023                                                   | CUSIP: 751100NN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3875000 | PA      | $4109478.58   | 0.85%             | 2048-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D                                                                                     | Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D                                                                                     | CUSIP: 971697KV8<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |    500000 | PA      | $553114.70    | 0.11%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D                                                                                     | Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D                                                                                     | CUSIP: 971697KW6<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1370346.00   | 0.28%             | 2041-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D                                                                                     | Wilmington, North Carolina, Limited Obligation Bonds, Series 2023D                                                                                     | CUSIP: 971697KY2<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1345943.13   | 0.28%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023                                                                            | Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023                                                                            | CUSIP: 479357BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3388958.65   | 0.70%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023                                                                            | Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2023                                                                            | CUSIP: 479357BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4125000 | PA      | $3914977.69   | 0.81%             | 2053-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                      | County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                      | CUSIP: 266705W57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2074461.02   | 0.43%             | 2040-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                      | County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                      | CUSIP: 266705W65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026329.20   | 0.21%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                      | County of Durham, North Carolina, General Obligation Bonds, Refunding Series 2023                                                                      | CUSIP: 266705W73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1893780.04   | 0.39%             | 2042-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Series 2023                                                                   | Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Series 2023                                                                   | CUSIP: 682852DV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1878480.90   | 0.39%             | 2053-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 52-A                                                                       | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 52-A                                                                       | CUSIP: 6582074C6<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   4905000 | PA      | $5070049.82   | 1.05%             | 2043-07-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | CUSIP: 161037X92<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    310000 | PA      | $333220.15    | 0.07%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, Doing Business as Atrium Health, Refunding Series 2018D           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, Doing Business as Atrium Health, Refunding Series 2018D           | CUSIP: 160853VT1<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504748.45    | 0.10%             | 2048-01-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, Doing Business as Atrium Health, Refunding Series 2018A           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, Doing Business as Atrium Health, Refunding Series 2018A           | CUSIP: 160853UJ4<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3771094.13   | 0.78%             | 2039-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Social Series 52-A                                                                | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Social Series 52-A                                                                | CUSIP: 6582074D4<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    985000 | PA      | $1012288.74   | 0.21%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, General Obligation Bonds, School Series 2023                                                                             | Union County, North Carolina, General Obligation Bonds, School Series 2023                                                                             | CUSIP: 9063954Y1<br>LEI: 5493007ESG9QHLUW6165 | Long             | DBT              | MUN               | US        |   4060000 | PA      | $4440192.20   | 0.92%             | 2042-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                      | Lee County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                      | CUSIP: 523724AT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $605708.46    | 0.13%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2021                                                                             | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2021                                                                             | CUSIP: 906400GE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $931513.60    | 0.19%             | 2051-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2024A                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2024A                                                  | CUSIP: 65830RDA4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2061700.40   | 0.43%             | 2058-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guilford County, North Carolina, General Obligation Bonds, School Series 2024                                                                          | Guilford County, North Carolina, General Obligation Bonds, School Series 2024                                                                          | CUSIP: 401784V26<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3089977.50   | 0.64%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority, Student Loan Revenue Bonds, Senior Series 2020A                                                   | North Carolina State Education Assistance Authority, Student Loan Revenue Bonds, Senior Series 2020A                                                   | CUSIP: 658262GM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033654.80   | 0.21%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, General Obligation Bonds, Parks, Greenways, Recreation and Open Space, Series 2022C                                       | Wake County, North Carolina, General Obligation Bonds, Parks, Greenways, Recreation and Open Space, Series 2022C                                       | CUSIP: 930864FN8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    810000 | PA      | $873236.38    | 0.18%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh, General Revenue Bonds, Refunding Series 2018                                                               | North Carolina State University at Raleigh, General Revenue Bonds, Refunding Series 2018                                                               | CUSIP: 658289N66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1756797.17   | 0.36%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh, General Revenue Bonds, Refunding Series 2018                                                               | North Carolina State University at Raleigh, General Revenue Bonds, Refunding Series 2018                                                               | CUSIP: 658289N74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1831998.95   | 0.38%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, Limited Obligation Bonds, Series 2024                                                                                     | Wake County, North Carolina, Limited Obligation Bonds, Series 2024                                                                                     | CUSIP: 930876HL4<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2315760.80   | 0.48%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2024B                                                                     | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2024B                                                                     | CUSIP: 395468PH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065845.00   | 0.22%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2024B                                                                     | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2024B                                                                     | CUSIP: 395468PJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3174664.20   | 0.66%             | 2054-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh, General Revenue Bonds, Series 2024B                                                                        | North Carolina State University at Raleigh, General Revenue Bonds, Series 2024B                                                                        | CUSIP: 658289S95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3617967.83   | 0.75%             | 2045-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State University at Raleigh, General Revenue Bonds, Series 2024B                                                                        | North Carolina State University at Raleigh, General Revenue Bonds, Series 2024B                                                                        | CUSIP: 658289T29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1225632.88   | 0.25%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Series 2024                                                                           | Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Series 2024                                                                           | CUSIP: 161045ST7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1174918.10   | 0.24%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina Limited Obligation Bonds, Series 2024                                                                                       | Greensboro, North Carolina Limited Obligation Bonds, Series 2024                                                                                       | CUSIP: 395476HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $887452.20    | 0.18%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2024                                                                             | Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2024                                                                             | CUSIP: 161035NU0<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1151975.00   | 0.24%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | CUSIP: 706716DR5<br>LEI: 549300TW9ZHCIKDLQB34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108570.10   | 0.23%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | CUSIP: 706716DM6<br>LEI: 549300TW9ZHCIKDLQB34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150842.10   | 0.24%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | CUSIP: 706716DP9<br>LEI: 549300TW9ZHCIKDLQB34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1133924.50   | 0.24%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | Pender County, North Carolina, Limited General Obligation Bonds, Series 2024A                                                                          | CUSIP: 706716DS3<br>LEI: 549300TW9ZHCIKDLQB34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094220.10   | 0.23%             | 2041-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2024                                                                        | Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2024                                                                        | CUSIP: 16104PHZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988486.40    | 0.21%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2024                                                                        | Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2024                                                                        | CUSIP: 16104PJA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2934854.10   | 0.61%             | 2054-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Limited Obligation Bonds, Series 2024                                                                              | New Hanover County, North Carolina, Limited Obligation Bonds, Series 2024                                                                              | CUSIP: 64480PHR3<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |    680000 | PA      | $745333.92    | 0.15%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Limited Obligation Bonds, Series 2024                                                                              | New Hanover County, North Carolina, Limited Obligation Bonds, Series 2024                                                                              | CUSIP: 64480PHQ5<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1728116.68   | 0.36%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Limited Obligation Bonds, Series 2024                                                                              | New Hanover County, North Carolina, Limited Obligation Bonds, Series 2024                                                                              | CUSIP: 64480PHP7<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118985.60   | 0.23%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Everyage, Series 2024B                                       | North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Everyage, Series 2024B                                       | CUSIP: 65820YTJ5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1259941.54   | 0.26%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rowan County, North Carolina, Limited Obligation Bonds, Series 2024                                                                                    | Rowan County, North Carolina, Limited Obligation Bonds, Series 2024                                                                                    | CUSIP: 779473AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1331076.61   | 0.28%             | 2044-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2024                                                                            | Johnston County, North Carolina, Water and Sewer Revenue Bonds, Series 2024                                                                            | CUSIP: 479357CJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3335000 | PA      | $3509834.37   | 0.73%             | 2049-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntersville, North Carolina, General Obligation Bonds, Public Improvement Series 2024                                                                 | Huntersville, North Carolina, General Obligation Bonds, Public Improvement Series 2024                                                                 | CUSIP: 445798GG0<br>LEI: 54930087GGCJ3BA5DF20 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1327369.20   | 0.28%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Huntersville, North Carolina, General Obligation Bonds, Public Improvement Series 2024                                                                 | Huntersville, North Carolina, General Obligation Bonds, Public Improvement Series 2024                                                                 | CUSIP: 445798GH8<br>LEI: 54930087GGCJ3BA5DF20 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1507058.95   | 0.31%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mebane, North Carolina, Combined Utilities Revenue Bonds, Series 2024                                                                                  | Mebane, North Carolina, Combined Utilities Revenue Bonds, Series 2024                                                                                  | CUSIP: 583445AQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2870000 | PA      | $3149618.07   | 0.65%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | CUSIP: 12677REK9<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $4147607.63   | 0.86%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | CUSIP: 12677REL7<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   6850000 | PA      | $7497595.58   | 1.56%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | CUSIP: 12677REM5<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1626655.50   | 0.34%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | Cabarrus County, North Carolina, Limited Obligation Installment Financing Contract Bonds, Refunding Series 2024A                                       | CUSIP: 12677REN3<br>LEI: 549300HVGPJDNBDPZV71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537173.20    | 0.11%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fuquay-Varina, North Carolina, Combined Utilities Revenue Bonds, Series 2024C                                                                          | Fuquay-Varina, North Carolina, Combined Utilities Revenue Bonds, Series 2024C                                                                          | CUSIP: 36106QCU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1291412.70   | 0.27%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fuquay-Varina, North Carolina, Combined Utilities Revenue Bonds, Series 2024C                                                                          | Fuquay-Varina, North Carolina, Combined Utilities Revenue Bonds, Series 2024C                                                                          | CUSIP: 36106QDJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1216826.63   | 0.25%             | 2049-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facility Revenue Bonds, Penick Village Project First Mortgage Series 2024A                          | North Carolina Medical Care Commission, Retirement Facility Revenue Bonds, Penick Village Project First Mortgage Series 2024A                          | CUSIP: 65820YTM8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    900000 | PA      | $949983.30    | 0.20%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pender County, North Carolina, General Obligation Bonds, School Series 2024                                                                            | Pender County, North Carolina, General Obligation Bonds, School Series 2024                                                                            | CUSIP: 706711KH0<br>LEI: 549300TW9ZHCIKDLQB34 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1984027.40   | 0.41%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Huntersville, North Carolina, General Obligation Bonds, Public Improvement Series 2024                                                                 | Huntersville, North Carolina, General Obligation Bonds, Public Improvement Series 2024                                                                 | CUSIP: 445798GE5<br>LEI: 54930087GGCJ3BA5DF20 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1676639.06   | 0.35%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Appalachian State University, North Carolina, Revenue Bonds, Millennial Campus Indoor Facilities Project Series 2024                                   | Appalachian State University, North Carolina, Revenue Bonds, Millennial Campus Indoor Facilities Project Series 2024                                   | CUSIP: 037778AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $257786.33    | 0.05%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2023A                                                        | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2023A                                                        | CUSIP: 161036VN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6257736.60   | 1.30%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Housing Authority, North Carolina, Multifamily Housing Revenue Bonds, Parkside Apartments Project Series 2024A                                 | Raleigh Housing Authority, North Carolina, Multifamily Housing Revenue Bonds, Parkside Apartments Project Series 2024A                                 | CUSIP: 751115BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4125000 | PA      | $4079491.35   | 0.85%             | 2043-12-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Ashe County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                     | Ashe County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                     | CUSIP: 043891AT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $872896.68    | 0.18%             | 2043-06-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Mecklenburg County, North Carolina, Limited Obligation Bonds, Series 2025                                                                              | Mecklenburg County, North Carolina, Limited Obligation Bonds, Series 2025                                                                              | CUSIP: 58400CCD7<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1998814.60   | 0.42%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 57-A                                                                       | North Carolina Housing Finance Agency, Home Ownership Revenue Bonds, Series 57-A                                                                       | CUSIP: 65820BBF2<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2249854.60   | 0.47%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Iredell County, North Carolina, General Obligation Bonds, School Series 2025                                                                           | Iredell County, North Carolina, General Obligation Bonds, School Series 2025                                                                           | CUSIP: 462668MA9<br>LEI: 549300NE65QUOJ0ETV20 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1533573.30   | 0.32%             | 2042-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guilford County, North Carolina, General Obligation Bonds, School Series 2025                                                                          | Guilford County, North Carolina, General Obligation Bonds, School Series 2025                                                                          | CUSIP: 401784X57<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007310.50   | 0.21%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garner, North Carolina, General Obligation Bonds, Public Improvement Series 2025B                                                                      | Garner, North Carolina, General Obligation Bonds, Public Improvement Series 2025B                                                                      | CUSIP: 366244NN7<br>LEI: 5493000E1R6VGD5YAY62 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1531548.46   | 0.32%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garner, North Carolina, General Obligation Bonds, Public Improvement Series 2025B                                                                      | Garner, North Carolina, General Obligation Bonds, Public Improvement Series 2025B                                                                      | CUSIP: 366244NM9<br>LEI: 5493000E1R6VGD5YAY62 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1544134.61   | 0.32%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harnett County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                  | Harnett County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                  | CUSIP: 41333TCN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $1064906.27   | 0.22%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, Limited Obligation Bonds, Series 2025B                                                                                    | Wake County, North Carolina, Limited Obligation Bonds, Series 2025B                                                                                    | CUSIP: 930876JG3<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   2570000 | PA      | $2966663.05   | 0.62%             | 2038-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Twin Lakes Community, Series 2025A                         | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Twin Lakes Community, Series 2025A                         | CUSIP: 65820YTT3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1255313.38   | 0.26%             | 2055-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Western Carolina University, North Carolina, General Revenue Bonds, Series 2025                                                                        | Western Carolina University, North Carolina, General Revenue Bonds, Series 2025                                                                        | CUSIP: 957897NE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1076418.95   | 0.22%             | 2043-04-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2025                                                 | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2025                                                 | CUSIP: 396321EY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $311828.83    | 0.06%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2025                                                 | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Series 2025                                                 | CUSIP: 396321EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $378527.07    | 0.08%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| National Finance Authority, New Hampshire, Revenue Bonds, Winston-Salem Sustainable Energy Partners Series 2025A                                       | National Finance Authority, New Hampshire, Revenue Bonds, Winston-Salem Sustainable Energy Partners Series 2025A                                       | CUSIP: 63607YCQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3366984.30   | 0.70%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority, Student Loan Revenue Bonds, Refunding Senior Series 2025A                                         | North Carolina State Education Assistance Authority, Student Loan Revenue Bonds, Refunding Senior Series 2025A                                         | CUSIP: 658262GZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3835854.00   | 0.80%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2025                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2025                                                                     | CUSIP: 67140PED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $865636.12    | 0.18%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2025                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2025                                                                     | CUSIP: 67140PEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $1031334.75   | 0.21%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayetteville Public Works Commission, North Carolina, Revenue Bonds, Series 2023                                                                       | Fayetteville Public Works Commission, North Carolina, Revenue Bonds, Series 2023                                                                       | CUSIP: 312805ND2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4045000 | PA      | $4463903.44   | 0.93%             | 2040-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                   | Orange County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                   | CUSIP: 684566EY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $3433408.54   | 0.71%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                   | Orange County, North Carolina, Limited Obligation Bonds, Series 2025                                                                                   | CUSIP: 684566EZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2324642.94   | 0.48%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dare County, North Carolina, Limited Obligation Bonds, Series 2025A                                                                                    | Dare County, North Carolina, Limited Obligation Bonds, Series 2025A                                                                                    | CUSIP: 23720EFQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $292987.83    | 0.06%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nash Health Care Systems, North Carolina, Health Care Facilities Revenue Bonds, Series 2025                                                            | Nash Health Care Systems, North Carolina, Health Care Facilities Revenue Bonds, Series 2025                                                            | CUSIP: 631163BK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1628656.81   | 0.34%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nash Health Care Systems, North Carolina, Health Care Facilities Revenue Bonds, Series 2025                                                            | Nash Health Care Systems, North Carolina, Health Care Facilities Revenue Bonds, Series 2025                                                            | CUSIP: 631163BP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1627826.10   | 0.34%             | 2050-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fuquay-Varina, North Carolina, General Obligation Bonds, Transportation Series 2025                                                                    | Fuquay-Varina, North Carolina, General Obligation Bonds, Transportation Series 2025                                                                    | CUSIP: 361050KL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518822.30    | 0.11%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fuquay-Varina, North Carolina, General Obligation Bonds, Transportation Series 2025                                                                    | Fuquay-Varina, North Carolina, General Obligation Bonds, Transportation Series 2025                                                                    | CUSIP: 361050KM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $514393.40    | 0.11%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Carol Woods Project, Series 2025                             | North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Carol Woods Project, Series 2025                             | CUSIP: 65820YUS3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    505000 | PA      | $552103.12    | 0.11%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Carol Woods Project, Series 2025                             | North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Carol Woods Project, Series 2025                             | CUSIP: 65820YVB9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1279377.25   | 0.27%             | 2055-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Carol Woods Project, Series 2025                             | North Carolina Medical Care Commission, Retirement Facility First Mortgage Revenue Bonds, Carol Woods Project, Series 2025                             | CUSIP: 65820YUV6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2537853.60   | 0.53%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2025B                                                                            | Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2025B                                                                            | CUSIP: 161035PY0<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1416765.88   | 0.29%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Series 2025A            | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Series 2025A            | CUSIP: 65820YVD5<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    265000 | PA      | $271986.62    | 0.06%             | 2045-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Series 2025A            | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Series 2025A            | CUSIP: 65820YVF0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1603042.56   | 0.33%             | 2056-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Nuveen Multistate Trust III

**Signature:** Gina Spunder

**Name of Signer:** Gina Spunder

**Title:** Director, Fund Financial Reporting