# EDGAR Filing Document

**Accession Number:** 0001496608
**File Stem:** 0001410368-25-018030
**Filing Date:** 2025-10
**Character Count:** 367174
**Document Hash:** 8cbd2da76d032448313af6790b802927
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-018030.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0001410368-25-018030

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AB Active ETFs, Inc.
- **CENTRAL INDEX KEY:** 0001496608

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23799
- **FILM NUMBER:** 251419642

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001
- **BUSINESS PHONE:** 212-969-1000

**MAIL ADDRESS:**
- **STREET 1:** C/O ALLIANCEBERNSTEIN L.P.
- **STREET 2:** 66 HUDSON BOULEVARD EAST, 26TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianceBernstein Active ETFs, Inc.
- **DATE OF NAME CHANGE:** 20100714

## Series and Classes Contracts Data

### AB Tax-Aware Short Duration Municipal ETF (Series ID: S000076879)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000237018 | AB Tax-Aware Short Duration Municipal ETF | TAFI            |

## Nport-Ex

**AB Active ETFs, Inc.** 

**AB Tax-Aware Short Duration Municipal ETF** 

**Portfolio of Investments** 

**August 31, 2025 (unaudited)** 

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **MUNICIPAL OBLIGATIONS – 96.9%** | **MUNICIPAL OBLIGATIONS – 96.9%** | **MUNICIPAL OBLIGATIONS – 96.9%** |
|  **Long-Term Municipal Bonds – 84.0%** | **Long-Term Municipal Bonds – 84.0%** | **Long-Term Municipal Bonds – 84.0%** |
|  **Alabama – 4.3%** | **Alabama – 4.3%** | **Alabama – 4.3%** |
|  Black Belt Energy Gas District<br>(BP PLC)<br>Series 2024-D<br>5.00%, 03/01/2055 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3162161 |
|  Black Belt Energy Gas District <br>(Goldman Sachs Group)<br>Series 2021-B<br>4.00%, 10/01/2052 | 1200 | 1212365 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-D<br>4.785% (SOFR + 1.85%), 06/01/2049<sup>(a)</sup> | 1000 | 1020098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 10/01/2055 | 2750 | 2928490 |
|  Black Belt Energy Gas District <br>(Morgan Stanley)<br>Series 2019-A<br>4.00%, 12/01/2049 | 2000 | 2003270 |
|  Black Belt Energy Gas District <br>(Royal Bank of Canada)<br>Series 2022-D<br>4.00%, 12/01/2025 | 650 | 651463 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B<br>5.25%, 12/01/2053 | 2210 | 2384702 |
|  City of Huntsville AL <br>(City of Huntsville AL)<br>Series 2016-B<br>5.00%, 05/01/2028 | 470 | 478069 |
|  County of Jefferson AL Sewer Revenue <br>(County of Jefferson AL Sewer Revenue)<br>Series 2024<br>5.00%, 10/01/2034 | 1005 | 1100795 |
|  Southeast Alabama Gas Supply District (The) <br>(Morgan Stanley)<br>Series 2024<br>5.00%, 06/01/2049 | 1000 | 1064319 |
|  Southeast Alabama Gas Supply District (The) <br>(Pacific Life Insurance)<br>Series 2024-A<br>5.00%, 08/01/2054 | 6000 | 6366823 |
|  Southeast Energy Authority A Cooperative District <br>(Deutsche Bank AG)<br>Series 2024-A<br>5.00%, 11/01/2035 | 1000 | 1034137 |
|  Southeast Energy Authority A Cooperative District <br>(Goldman Sachs Group)<br>Series 2022-B<br>5.00%, 05/01/2053 | 1000 | 1041962 |
|  Southeast Energy Authority A Cooperative District <br>(Morgan Stanley)<br>Series 2022-A<br>5.50%, 01/01/2053 | 2000 | 2142927 |
|  Southeast Energy Authority A Cooperative District <br>(Pacific Life Insurance)<br>Series 2024-C<br>5.00%, 10/01/2055 | 1500 | 1599295 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Southeast Energy Authority A Cooperative District <br>(Royal Bank of Canada)<br>Series 2023-B<br>5.00%, 01/01/2054 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3110 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3291805 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-C<br>5.00%, 05/01/2055 |  | 1620 |  | 1725396 |
|  Southeast Energy Authority A Cooperative District <br>(Sumitomo Mitsui Financial Group)<br>Series 2023-A<br>5.00%, 07/01/2027 |  | 1500 |  | 1547822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.25%, 01/01/2054 |  | 2500 |  | 2637090 |
|  |  |  |  | 37392989 |
|  **Alaska – 0.2%** | **Alaska – 0.2%** | **Alaska – 0.2%** | **Alaska – 0.2%** | **Alaska – 0.2%** |
|  CIVICVentures/AK <br>(CIVICVentures/AK)<br>Series 2015<br>5.00%, 09/01/2025 |  | 1500 |  | 1500000 |
|  **Arizona – 2.2%** | **Arizona – 2.2%** | **Arizona – 2.2%** | **Arizona – 2.2%** | **Arizona – 2.2%** |
|  Arizona Department of Transportation State Highway Fund Revenue<br> (Arizona Dept. of Transportation State Highway Fund Revenue)<br>Series 2016<br>5.00%, 07/01/2034 |  | 2575 |  | 2611868 |
|  Chandler Industrial Development Authority <br>(Intel Corp.)<br>Series 2022<br>5.00%, 09/01/2042 |  | 3000 |  | 3057474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2052 |  | 3000 |  | 3057892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>4.00%, 06/01/2049 |  | 3000 |  | 3029825 |
|  City of Glendale AZ Water & Sewer Revenue <br>(City of Glendale AZ Water & Sewer Revenue)<br>Series 2022-B<br>5.00%, 07/01/2026 |  | 1000 |  | 1021497 |
|  Industrial Development Authority of the City of Phoenix Arizona (The) <br>(AZ GFF Tiyan LLC Lease)<br>Series 2014<br>5.00%, 02/01/2029 |  | 900 |  | 899019 |
|  La Paz County Industrial Development Authority <br>(Harmony Public Schools)<br>Series 2016<br>5.00%, 02/15/2036<sup>(b)</sup> |  | 1100 |  | 1100587 |
|  Maricopa County Industrial Development Authority <br>(HonorHealth Obligated Group)<br>Series 2024-D<br>5.00%, 12/01/2025 |  | 2000 |  | 2011431 |
|  Salt River Project Agricultural Improvement & Power District <br>(Salt River Project Agricultural Improvement & Power District)<br>Series 2016-A<br>5.00%, 01/01/2030 |  | 2000 |  | 2067685 |
|  |  |  |  | 18857278 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Arkansas – 0.0%** | **Arkansas – 0.0%** | **Arkansas – 0.0%** |
|  Arkansas Development Finance Authority<br> (Hybar LLC)<br>Series 2023<br>6.875%, 07/01/2048<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121680 |
|  **California – 9.5%** | **California – 9.5%** | **California – 9.5%** |
|  Bay Area Toll Authority <br>(Bay Area Toll Authority)<br>Series 2021<br>3.14% (MUNIPSA + 0.41%), 04/01/2056<sup>(a)</sup> | 3000 | 2899429 |
|  California Community Choice Financing Authority <br>(American General Life Insurance)<br>Series 2023-D<br>5.50%, 05/01/2054 | 5000 | 5298326 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 08/01/2055 | 1500 | 1593558 |
|  California Community Choice Financing Authority <br>(Athene Annuity & Life Co.)<br>Series 2024<br>5.00%, 11/01/2055 | 2000 | 2085330 |
|  California Community Choice Financing Authority <br>(Deutsche Bank AG)<br>Series 2023<br>5.25%, 01/01/2054 | 1000 | 1051407 |
|  California Community Choice Financing Authority <br>(Goldman Sachs Group)<br>Series 2021<br>4.00%, 10/01/2052 | 1000 | 1015918 |
|  California Community Choice Financing Authority <br>(Morgan Stanley)<br>Series 2024<br>5.00%, 05/01/2054 | 3500 | 3737964 |
|  California Community Choice Financing Authority <br>(New York Life Insurance)<br>Series 2024<br>5.00%, 01/01/2056 | 1000 | 1087026 |
|  California Community Choice Financing Authority <br>(Pacific Life Insurance)<br>Series 2024-F<br>5.00%, 02/01/2055 | 1750 | 1882229 |
|  California Infrastructure & Economic Development Bank <br>(Desertxpress Enterprises)<br>Series 2025<br>9.50%, 01/01/2065<sup>(b)</sup> | 1100 | 1010892 |
|  California Municipal Finance Authority <br>(Azusa Pacific University)<br>Series 2015-B<br>5.00%, 04/01/2026 | 1000 | 1000195 |
|  California Municipal Finance Authority <br>(LAX Integrated Express Solutions)<br>Series 2018<br>5.00%, 06/30/2029 | 1000 | 1038000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/31/2033 | 1500 | 1526449 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  California Municipal Finance Authority <br>(United Airlines, Inc.)<br>Series 2019<br>4.00%, 07/15/2029 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1285 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1278215 |
|  California Pollution Control Financing Authority<br> (Waste Management, Inc.)<br>Series 2024<br>4.25%, 11/01/2038 | 1000 | 1016374 |
|  California State Public Works Board <br>(California State Public Works Board Lease)<br>Series 2017-H<br>5.00%, 04/01/2031 | 1425 | 1479359 |
|  California State Public Works Board <br>(State of California Lease)<br>Series 2024<br>5.00%, 09/01/2035 | 2040 | 2332395 |
|  California Statewide Communities Development Authority <br>(Southern California Edison)<br>Series 2023<br>4.50%, 11/01/2033 | 1000 | 1026733 |
|  City of Los Angeles Department of Airports <br>(City of Los Angeles Dept. of Airports)<br>Series 2017-A<br>5.00%, 05/15/2030 | 3385 | 3491098 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 05/15/2028 | 1610 | 1705078 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 05/15/2026 | 1000 | 1018029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/15/2034 | 2045 | 2239776 |
|  Golden State Tobacco Securitization Corp. <br>(Golden State Tobacco Securitization)<br>Series 2021<br>3.85%, 06/01/2050 | 2060 | 1855261 |
|  Los Angeles County Sanitation Districts Financing Authority <br>(Los Angeles County Sanitation District No. 20)<br>Series 2016-A<br>5.00%, 10/01/2030 | 1140 | 1166234 |
|  Los Angeles Department of Water & Power<br>(Los Angeles Dept. of Water & Power Power System Revenue)<br>Series 2018-A<br>5.00%, 07/01/2032 | 1555 | 1613371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-D<br>5.00%, 07/01/2032 | 1955 | 2043430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>5.00%, 07/01/2028 | 1100 | 1172519 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 07/01/2028 | 4000 | 4212897 |
|  Los Angeles Department of Water & Power Power System Revenue <br>(Los Angeles Dept. of Water & Power Power System Revenue)<br>Series 2020-A<br>5.00%, 07/01/2027 | 2000 | 2087073 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Los Angeles Department of Water & Power Water System Revenue <br>(Los Angeles Dept. of Water & Power Water System Revenue)<br>Series 2016-B<br>5.00%, 07/01/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;786004 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B<br>5.00%, 07/01/2028 | 1150 | 1225815 |
|  Newport Mesa Unified School District <br>(Newport Mesa Unified School District)<br>NATL Series 2007<br>Zero Coupon, 08/01/2031 | 2000 | 1698786 |
|  Port of Oakland <br>(Port of Oakland)<br>Series 2017<br>5.00%, 11/01/2029 | 1500 | 1562077 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021<br>5.00%, 11/01/2029 | 1575 | 1692179 |
|  San Diego County Regional Airport Authority <br>(San Diego County Regional Airport Authority)<br>Series 2017-B<br>5.00%, 07/01/2029 | 1725 | 1786144 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 07/01/2029 | 1610 | 1735116 |
|  San Francisco Intl Airport <br>(San Francisco Intl Airport)<br>Series 2018<br>5.00%, 05/01/2027 | 1530 | 1586909 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-H<br>5.00%, 05/01/2027 | 1500 | 1555793 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 05/01/2029 | 2500 | 2686305 |
|  San Joaquin Valley Clean Energy Authority <br>(Goldman Sachs Group)<br>Series 2025<br>5.50%, 01/01/2056 | 1000 | 1108803 |
|  Southern California Public Power Authority <br>(American General Life Insurance)<br>Series 2024-A<br>5.00%, 04/01/2055 | 1000 | 1059462 |
|  Southern California Public Power Authority <br>(Goldman Sachs Group)<br>Series 2007-A<br>5.00%, 11/01/2033 | 1000 | 1062774 |
|  Southern California Public Power Authority <br>(Los Angeles Dept. of Water & Power Power System Revenue)<br>Series 2016<br>5.00%, 07/01/2028 | 1080 | 1088241 |
|  State of California <br>(State of California)<br>Series 2015-C<br>5.00%, 09/01/2030 | 2000 | 2003333 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016<br>5.00%, 09/01/2034 | 1500 | 1528133 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 08/01/2029 | 1885 | 2082512 |
|  Washington Township Health Care District <br>(Washington Township Health Care District)<br>Series 2020-A<br>5.00%, 07/01/2031 | 650 | 696776 |
|  |  | 81909727 |

---

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Colorado – 3.2%** | **Colorado – 3.2%** | **Colorado – 3.2%** |
|  Adams & Weld Counties School District No. 27J Brighton/CO <br>(Adams & Weld Counties School District No. 27J Brighton/CO)<br>Series 2016-A<br>2.50%, 12/01/2027 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1487203 |
|  City & County of Broomfield CO Sales & Use Tax Revenue <br>(City & County of Broomfield CO Sales & Use Tax Revenue)<br>Series 2017<br>5.00%, 12/01/2034 | 2000 | 2075485 |
|  City & County of Denver CO Airport System Revenue <br>(City & County of Denver CO Airport System Revenue)<br>Series 2020-B<br>5.00%, 11/15/2031 | 700 | 702390 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>5.50%, 11/15/2035 | 3250 | 3594162 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-D<br>5.25%, 11/15/2026 | 1020 | 1050550 |
|  City & County of Denver CO Airport System Revenue <br>(Denver Intl Airport)<br>Series 2018-A<br>5.00%, 12/01/2025 | 1000 | 1005165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2029 | 3000 | 3173152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2030 | 1370 | 1487780 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 | 2020 | 2113575 |
|  Colorado Educational & Cultural Facilities Authority <br>(Ascent Classical Academy Charter Schools)<br>Series 2024<br>4.75%, 04/01/2034<sup>(b)</sup> | 1000 | 999957 |
|  Colorado Housing & Finance Authority <br>(Albion Apartments LLLP)<br>Series 2025<br>3.375%, 07/01/2044 | 3000 | 3036204 |
|  Douglas County School District No. Re-1 Douglas & Elbert Counties <br>(Douglas County School District No. Re-1 Douglas & Elbert Counties)<br>Series 2019<br>5.00%, 12/15/2025 | 4480 | 4513380 |
|  E-470 Public Highway Authority <br>(E-470 Public Highway Authority)<br>Series 2024-B<br>3.671% (SOFR + 0.75%), 09/01/2039<sup>(a)</sup> | 2000 | 1997944 |
|  |  | 27236947 |
|  **Connecticut – 0.7%** | **Connecticut – 0.7%** | **Connecticut – 0.7%** |
|  City of New Haven CT <br>(City of New Haven CT)<br>AG Series 2016-A<br>5.00%, 08/15/2027 | 1875 | 1918709 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Stamford Housing Authority <br>(TJH Senior Living Obligated Group)<br>Series 2025<br>4.75%, 10/01/2032 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2042282 |
|  State of Connecticut <br>(State of Connecticut)<br>Series 2018-F<br>5.00%, 09/15/2025 |  | 2000 |  | 2001769 |
|  |  |  |  | 5962760 |
|  **District of Columbia – 1.4%** | **District of Columbia – 1.4%** | **District of Columbia – 1.4%** | **District of Columbia – 1.4%** | **District of Columbia – 1.4%** |
|  District of Columbia <br>(District of Columbia)<br>Series 2016-A<br>5.00%, 06/01/2027 |  | 2500 |  | 2547814 |
|  District of Columbia <br>(Plenary Infrastructure DC State Lease)<br>Series 2022<br>5.00%, 02/28/2026 |  | 1485 |  | 1497685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/31/2028 |  | 1275 |  | 1339899 |
|  Metropolitan Washington Airports Authority Aviation Revenue <br>(Metropolitan Washington Airports Authority Aviation Revenue)<br>Series 2017<br>5.00%, 10/01/2026 |  | 465 |  | 475729 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 10/01/2034 |  | 1075 |  | 1108315 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 10/01/2027 |  | 1000 |  | 1044932 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-A<br>5.00%, 10/01/2032 |  | 2000 |  | 2133922 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 10/01/2031 |  | 2000 |  | 2191269 |
|  |  |  |  | 12339565 |
|  **Florida – 6.5%** | **Florida – 6.5%** | **Florida – 6.5%** | **Florida – 6.5%** | **Florida – 6.5%** |
|  Capital Projects Finance Authority/FL <br>(CAPFA Capital Corp. 2000F)<br>Series 2020-A<br>5.00%, 10/01/2026 |  | 1500 |  | 1527789 |
|  City of Jacksonville FL <br>(Genesis Health Obligated Group)<br>Series 2017<br>5.00%, 11/01/2026 |  | 600 |  | 613595 |
|  City of Port St. Lucie FL Utility System Revenue <br>(City of Port St. Lucie FL Utility System Revenue)<br>Series 2016<br>4.00%, 09/01/2032 |  | 3560 |  | 3579122 |
|  City of Venice FL <br>(Southwest Florida Retirement Center Obligated Group)<br>Series 2024<br>4.25%, 01/01/2030<sup>(b)</sup> |  | 900 |  | 903312 |
|  Collier County Industrial Development Authority <br>(NCH Healthcare System Obligated Group)<br>Series 2024<br>5.00%, 10/01/2054 |  | 2000 |  | 2179507 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  County of Brevard FL <br>(County of Brevard FL Fuel Tax)<br>AG Series 2016<br>5.00%, 08/01/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1445 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1477213 |
|  County of Broward FL Airport System Revenue <br>(County of Broward FL Airport System Revenue)<br>Series 2019-A<br>5.00%, 10/01/2025 | 2125 | 2128764 |
|  County of Broward FL Airport System Revenue <br>(Fort Lauderdale Hollywood Intl Airport)<br>Series 2015-A<br>5.00%, 10/01/2025 | 930 | 931647 |
|  County of Charlotte FL <br>(County of Charlotte FL)<br>Series 2015<br>5.00%, 10/01/2027 | 1080 | 1082103 |
|  County of Miami-Dade FL<br> (County of Miami-Dade FL)<br>Series 2016<br>5.00%, 07/01/2032 | 1040 | 1056939 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 07/01/2028 | 1000 | 1072944 |
|  County of Miami-Dade FL Aviation Revenue <br>(County of Miami-Dade FL Aviation Revenue)<br>Series 2024-A<br>5.00%, 10/01/2030 | 1540 | 1682154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2034 | 1000 | 1088908 |
|  County of Miami-Dade Seaport Department <br>(County of Miami-Dade Seaport Dept.)<br>Series 2023-A<br>5.00%, 10/01/2030 | 1145 | 1231542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 10/01/2034 | 1000 | 1072197 |
|  Florida Development Finance Corp. <br>(GFL Solid Waste Southeast)<br>Series 2024<br>4.375%, 10/01/2054<sup>(b)</sup> | 1950 | 1938669 |
|  Florida Insurance Assistance Interlocal Agency, Inc. <br>(Florida Insurance Guaranty Association)<br>Series 2023-A<br>5.00%, 09/01/2028 | 1060 | 1084321 |
|  Florida Local Government Finance Commission <br>(Ponte Vedra Pine Obligated Group)<br>Series 2025<br>4.20%, 11/15/2030<sup>(b) (c)</sup> | 1000 | 1004323 |
|  Florida Municipal Power Agency <br>(Florida Municipal Power Agency All-Requirements Power Supply Project Revenue)<br>Series 2025<br>5.00%, 10/01/2026 | 1100 | 1130238 |
|  Greater Orlando Aviation Authority <br>(Greater Orlando Aviation Authority)<br>Series 2019-A<br>5.00%, 10/01/2025 | 1000 | 1001821 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>5.00%, 10/01/2029 | 1040 | 1125756 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-C<br>5.00%, 10/01/2025 | 1350 | 1352458 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 10/01/2027 | 1000 | 1045759 |

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Hillsborough County Aviation Authority <br>(Hillsborough County Aviation Authority)<br>Series 2024<br>5.00%, 10/01/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2295 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2510916 |
|  Lee County Industrial Development Authority/FL <br>(Shell Point Obligated Group)<br>Series 2024<br>4.125%, 11/15/2029 | 1000 | 1008203 |
|  Miami-Dade County Expressway Authority <br>(Miami-Dade County Expressway Authority)<br>Series 2016-A<br>5.00%, 07/01/2028 | 1625 | 1653617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2033 | 1000 | 1014719 |
|  Mid-Bay Bridge Authority<br> (Mid-Bay Bridge Authority)<br>Series 2015-A<br>5.00%, 10/01/2025 | 1250 | 1251750 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2025<br>5.00%, 10/01/2030 | 2000 | 2195335 |
|  Mid-Bay Bridge Authority <br>(Prerefunded - US Treasuries)<br>Series 2015-A<br>5.00%, 10/01/2035 | 1635 | 1637884 |
|  North Sumter County Utility Dependent District <br>(North Sumter County Utility Dependent District)<br>Series 2020<br>5.00%, 10/01/2026 | 900 | 921401 |
|  Orange County Convention Center/Orlando <br>(Orange County Convention Center/Orlando)<br>Series 2015<br>5.00%, 10/01/2031 | 4000 | 4004894 |
|  Palm Beach County Health Facilities Authority <br>(Jupiter Medical Center Obligated Group)<br>Series 2025<br>5.00%, 11/01/2030 | 2015 | 2186148 |
|  School Board of Miami-Dade County (The) <br>(Miami-Dade County School Board Foundation COP)<br>Series 2016-A<br>5.00%, 05/01/2030 | 1340 | 1359075 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 05/01/2026 | 1500 | 1523271 |
|  Village Community Development District No. 15 <br>(Village Community Development District No. 15 Series 2024 Special Assessment)<br>Series 2024<br>3.75%, 05/01/2029<sup>(b)</sup> | 700 | 704260 |
|  West Palm Beach Community Redevelopment Agency <br>(West Palm Beach Community Redevelopment Agency City Center Community Redev Area)<br>Series 2015<br>5.00%, 03/01/2026 | 2590 | 2594955 |
|  |  | 55877509 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Georgia – 4.3%** | **Georgia – 4.3%** | **Georgia – 4.3%** |
|  City of Atlanta GA Airport Passenger Facility Charge <br>(City of Atlanta GA Airport Passenger Facility Charge)<br>Series 2023<br>5.00%, 07/01/2030 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2181437 |
|  City of Atlanta GA Department of Aviation <br>(City of Atlanta GA Dept. of Aviation)<br>Series 2023-G<br>5.00%, 07/01/2027 | 1000 | 1041345 |
|  City of Atlanta GA Water & Wastewater Revenue <br>(City of Atlanta GA Water & Wastewater Revenue)<br>Series 2015<br>5.00%, 11/01/2025 | 1000 | 1001925 |
|  Development Authority of Burke County (The) <br>(Georgia Power Co.)<br>Series 2023<br>3.875%, 10/01/2032 | 2250 | 2258839 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>3.30%, 12/01/2049 | 1500 | 1507943 |
|  Development Authority of Cobb County (The) <br>(MT Bethel Christian Academy)<br>Series 2025<br>5.00%, 06/01/2035<sup>(b)</sup> | 1160 | 1163783 |
|  Fayette County Development Authority <br>(United States Soccer Federation)<br>Series 2024<br>5.00%, 10/01/2033 | 1100 | 1200906 |
|  Main Street Natural Gas, Inc. <br>(Citadel LP)<br>Series 2022-C<br>4.00%, 08/01/2052<sup>(b)</sup> | 3500 | 3497131 |
|  Main Street Natural Gas, Inc. <br>(Citigroup, Inc.)<br>Series 2019-C<br>4.00%, 03/01/2050 | 1000 | 1005690 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-B<br>5.00%, 12/01/2052 | 4000 | 4189728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-A<br>5.00%, 06/01/2053 | 2000 | 2117072 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-C<br>5.00%, 12/01/2054 | 3500 | 3718757 |
|  Main Street Natural Gas, Inc. <br>(Royal Bank of Canada)<br>Series 2023<br>4.621% (SOFR + 1.70%), 12/01/2053<sup>(a)</sup> | 1000 | 1005728 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 12/01/2054 | 1000 | 1073204 |
|  Main Street Natural Gas, Inc. <br>(Toronto-Dominion Bank)<br>Series 2024-D<br>5.00%, 04/01/2054 | 1500 | 1598244 |
|  Municipal Electric Authority of Georgia <br>(Municipal Electric Authority of Georgia)<br>Series 2016-A<br>5.00%, 01/01/2028 | 1820 | 1857604 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-H<br>5.00%, 01/01/2026 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1985 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000430 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 01/01/2033 |  | 1200 |  | 1266247 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 01/01/2029 |  | 500 |  | 538117 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 01/01/2030 |  | 1000 |  | 1089998 |
|  Private Colleges & Universities Authority <br>(Emory University)<br>Series 2023<br>5.00%, 09/01/2033<sup>(b)</sup> |  | 2000 |  | 2239394 |
|  |  |  |  | 37553522 |
|  **Guam – 1.8%** | **Guam – 1.8%** | **Guam – 1.8%** | **Guam – 1.8%** | **Guam – 1.8%** |
|  Guam Government Waterworks Authority <br>(Guam Waterworks Authority Water And Wastewater System)<br>Series 2024-B<br>5.00%, 07/01/2027 |  | 1000 |  | 1037090 |
|  Territory of Guam <br>(Guam Section 30 Income Tax)<br>Series 2016-A<br>5.00%, 12/01/2025 |  | 4500 |  | 4518504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2026 |  | 2000 |  | 2043535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 |  | 3000 |  | 3047278 |
|  Territory of Guam <br>(Prerefunded - US Treasuries)<br>Series 2015<br>5.00%, 11/15/2027 |  | 1155 |  | 1160660 |
|  Territory of Guam<br> (Territory of Guam Business Privilege Tax)<br>Series 2021-F<br>5.00%, 01/01/2031 |  | 1250 |  | 1349734 |
|  Territory of Guam <br>(Territory of Guam)<br>Series 2019<br>5.00%, 11/15/2031 |  | 815 |  | 854919 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-G<br>5.00%, 01/01/2028 |  | 1625 |  | 1696985 |
|  |  |  |  | 15708705 |
|  **Hawaii – 0.7%** | **Hawaii – 0.7%** | **Hawaii – 0.7%** | **Hawaii – 0.7%** | **Hawaii – 0.7%** |
|  City & County of Honolulu HI <br>(City & County of Honolulu HI)<br>Series 2019-D<br>5.00%, 08/01/2026 |  | 1050 |  | 1075015 |
|  City & County of Honolulu HI<br> (Prerefunded - US Govt Agencies)<br>Series 2015-B<br>5.00%, 10/01/2027 |  | 1040 |  | 1042091 |
|  State of Hawaii <br>(State of Hawaii)<br>Series 2016-F<br>5.00%, 10/01/2028 |  | 1855 |  | 1903046 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  State of Hawaii Harbor System Revenue<br> (State of Hawaii Harbor System Revenue)<br>Series 2020-A<br>4.00%, 07/01/2035 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2280 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2281145 |
|  |  |  |  | 6301297 |
|  **Idaho – 0.1%** | **Idaho – 0.1%** | **Idaho – 0.1%** | **Idaho – 0.1%** | **Idaho – 0.1%** |
|  Idaho Health Facilities Authority <br>(St. Luke's Health System Obligated Group/ID)<br>Series 2018<br>5.00%, 03/01/2027 |  | 1000 |  | 1037042 |
|  **Illinois – 5.7%** | **Illinois – 5.7%** | **Illinois – 5.7%** | **Illinois – 5.7%** | **Illinois – 5.7%** |
|  Chicago Board of Education <br>(Chicago Board of Education)<br>Series 2017-C<br>5.00%, 12/01/2030 |  | 1000 |  | 1017052 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A <br>5.00%, 12/01/2030 |  | 1575 |  | 1617656 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2018-C<br>5.00%, 12/01/2031 |  | 1000 |  | 1041818 |
|  Chicago O'Hare International Airport<br> (Chicago O'Hare Intl Airport)<br>Series 2024-C<br>5.00%, 01/01/2027 |  | 2750 |  | 2832280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2028 |  | 3000 |  | 3143357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 01/01/2034 |  | 1015 |  | 1101340 |
|  Chicago Transit Authority <br>(Chicago Transit Authority)<br>Series 2017<br>5.00%, 06/01/2026 |  | 1695 |  | 1720950 |
|  Chicago Transit Authority Capital Grant Receipts Revenue <br>(City of Chicago IL Fed Hwy Grant)<br>Series 2021<br>5.00%, 06/01/2027 |  | 1750 |  | 1807944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 06/01/2028 |  | 1750 |  | 1848847 |
|  Chicago Transit Authority Sales Tax Receipts Fund <br>(Chicago Transit Authority Sales Tax Receipts Fund)<br>Series 2024-A<br>5.00%, 12/01/2029 |  | 1780 |  | 1945852 |
|  City of Chicago IL <br>(City of Chicago IL)<br>Series 2020-A<br>5.00%, 01/01/2026 |  | 2125 |  | 2139170 |
|  City of Chicago IL<br> (Prerefunded - US Treasuries)<br>Series 2016-C<br>5.00%, 01/01/2026 |  | 2000 |  | 2015885 |
|  City of Chicago IL Waterworks Revenue <br>(City of Chicago IL Waterworks Revenue)<br>AMBAC Series 2001<br>5.75%, 11/01/2030 |  | 755 |  | 807177 |
|  City of Springfield IL Electric Revenue <br>(City of Springfield IL Electric Revenue)<br>BAM Series 2024<br>5.00%, 03/01/2027 |  | 2000 |  | 2069466 |

---

------

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| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  Illinois Finance Authority <br>(Centerpoint Joliet Terminal Railroad)<br>Series 2025<br>4.80%, 12/01/2043<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000686 |
|  Illinois Municipal Electric Agency <br>(Illinois Municipal Electric Agency)<br>Series 2025-A<br>5.00%, 02/01/2027<sup>(c)</sup> | 1000 | 1035009 |
|  Illinois State Toll Highway Authority <br>(Illinois State Toll Highway Authority)<br>Series 2019-A<br>5.00%, 01/01/2026 | 1000 | 1008604 |
|  Metropolitan Pier & Exposition Authority <br>(Metropolitan Pier & Exposition Authority)<br>Series 2023<br>5.00%, 12/15/2027 | 1000 | 1047943 |
|  Metropolitan Water Reclamation District of Greater Chicago <br>(Metropolitan Water Reclamation District of Greater Chicago)<br>Series 2016-A<br>5.00%, 12/01/2030 | 2620 | 2689074 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-B<br>5.00%, 12/01/2031 | 850 | 871777 |
|  Northern Illinois University <br>(Northern Illinois University)<br>BAM Series 2020-B<br>5.00%, 04/01/2031 | 725 | 775048 |
|  Sales Tax Securitization Corp. <br>(Sales Tax Securitization)<br>Series 2018-C<br>5.50%, 01/01/2031 | 2000 | 2153120 |
|  Sangamon County School District No. 186 Springfield <br>(Sangamon County School District No. 186 Springfield)<br>AG Series 2020-B<br>5.00%, 02/01/2032 | 735 | 792396 |
|  State of Illinois <br>(State of Illinois)<br>Series 2017-D<br>5.00%, 11/01/2026 | 2000 | 2053984 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 10/01/2029 | 2000 | 2133388 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 11/01/2029 | 685 | 745251 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.50%, 05/01/2030 | 2040 | 2203882 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 02/01/2031 | 2000 | 2203670 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.00%, 05/01/2026 | 1000 | 1015422 |
|  State of Illinois Sales Tax Revenue<br> (State of Illinois Sales Tax Revenue)<br>Series 2021-A<br>4.00%, 06/15/2028 | 605 | 625484 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-A<br>5.00%, 06/15/2030 | 1790 | 1957925 |
|  |  | 49421457 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Indiana – 0.9%** | **Indiana – 0.9%** | **Indiana – 0.9%** |
|  City of Valparaiso IN <br>(Pratt Paper IN LLC)<br>Series 2024<br>4.50%, 01/01/2034<sup>(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;835 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850117 |
|  City of Whiting IN <br>(BP PLC)<br>Series 2025<br>4.20%, 06/01/2044 | 1000 | 1006696 |
|  Indiana Finance Authority <br>(Ohio Valley Electric)<br>Series 2020<br>3.00%, 11/01/2030 | 500 | 490375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022-A<br>4.25%, 11/01/2030 | 2000 | 2046549 |
|  Indiana Finance Authority <br>(Parkview Health System Obligated Group)<br>Series 2024-B<br>3.762% (SOFR + 0.71%), 11/01/2046<sup>(a) (d)</sup> | 2000 | 1993068 |
|  Indianapolis Local Public Improvement Bond Bank <br>(Indianapolis Airport Authority)<br>Series 2023<br>5.00%, 01/01/2033 | 1000 | 1085786 |
|  |  | 7472591 |
|  **Kansas – 0.2%** | **Kansas – 0.2%** | **Kansas – 0.2%** |
|  Seward County Unified School District No. 480 Liberal <br>(Seward County Unified School District No. 480 Liberal)<br>Series 2017-B<br>5.00%, 09/01/2026 | 1500 | 1502732 |
|  **Kentucky – 0.7%** | **Kentucky – 0.7%** | **Kentucky – 0.7%** |
|  Kentucky Public Energy Authority <br>(BP PLC)<br>Series 2024-B<br>5.00%, 01/01/2055 | 1000 | 1065604 |
|  Kentucky Public Energy Authority <br>(Morgan Stanley)<br>Series 2023-A<br>5.25%, 04/01/2054 | 2000 | 2153974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.25%, 06/01/2055 | 1000 | 1064725 |
|  Western Kentucky University <br>(Western Kentucky University)<br>Series 2016-A<br>5.00%, 09/01/2025 | 1660 | 1660000 |
|  |  | 5944303 |
|  **Louisiana – 1.0%** | **Louisiana – 1.0%** | **Louisiana – 1.0%** |
|  City of Shreveport LA <br>(City of Shreveport LA)<br>BAM Series 2016<br>5.00%, 03/01/2027 | 1400 | 1429398 |

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------

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Louisiana Local Government Environmental Facilities & Community Development Auth <br>(Louisiana Insurance Guaranty Association)<br>Series 2022<br>5.00%, 08/15/2029 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;665 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;692033 |
|  Louisiana Public Facilities Authority <br>(ElementUS Minerals LLC)<br>Series 2023<br>5.00%, 10/01/2043<sup>(b)</sup> |  | 1900 |  | 1904166 |
|  New Orleans Aviation Board <br>(New Orleans Aviation Board)<br>Series 2024<br>5.00%, 01/01/2029 |  | 1000 |  | 1061871 |
|  Parish of St. James LA <br>(NuStar Logistics LP)<br>Series 2020<br>6.10%, 06/01/2038<sup>(b)</sup> |  | 1500 |  | 1599595 |
|  Parish of St. John the Baptist LA <br>(Marathon Oil Corp.)<br>Series 2024<br>3.30%, 06/01/2037 |  | 2000 |  | 2017345 |
|  |  |  |  | 8704408 |
|  **Maryland – 1.5%** | **Maryland – 1.5%** | **Maryland – 1.5%** | **Maryland – 1.5%** | **Maryland – 1.5%** |
|  County of Montgomery MD <br>(County of Montgomery MD)<br>Series 2017-B<br>5.00%, 06/01/2026 |  | 1520 |  | 1550276 |
|  County of Prince George's MD <br>(County of Prince George's MD)<br>Series 2018-A<br>5.00%, 07/15/2033 |  | 1500 |  | 1581026 |
|  Maryland Economic Development Corp. <br>(Purple Line Transit Partners)<br>Series 2022<br>5.00%, 11/12/2028 |  | 3000 |  | 3029182 |
|  Maryland Stadium Authority Sports Entertainment Facilities Revenue <br>(Maryland Stadium Authority Sports Entertainment Facilities Revenue State Lease)<br>Series 2025<br>5.00%, 06/15/2029 |  | 2000 |  | 2175191 |
|  State of Maryland <br>(State of Maryland)<br>Series 2025-B<br>5.00%, 08/01/2028 |  | 1500 |  | 1615493 |
|  State of Maryland Department of Transportation <br>(Baltimore/Washington Intl Thurgood Marshall Airport)<br>Series 2021<br>5.00%, 08/01/2030 |  | 1000 |  | 1085968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2033 |  | 1150 |  | 1222354 |
|  State of Maryland Department of Transportation <br>(Maryland Aviation Administration)<br>AG Series 2024<br>5.00%, 08/01/2027 |  | 950 |  | 990927 |
|  |  |  |  | 13250417 |

---

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---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Massachusetts – 1.4%** | **Massachusetts – 1.4%** | **Massachusetts – 1.4%** |
|  City of Quincy MA<br> (City of Quincy MA)<br>Series 2025<br>5.00%, 07/24/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1022352 |
|  Commonwealth of Massachusetts<br> (Commonwealth of Massachusetts)<br>Series 2016-B<br>5.00%, 07/01/2033 | 1050 | 1066102 |
|  Massachusetts Development Finance Agency<br> (Beth Israel Lahey Health Obligated Group)<br>Series 2019<br>5.00%, 07/01/2031 | 870 | 933788 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023<br>5.00%, 07/01/2034 | 1000 | 1110521 |
|  Massachusetts Development Finance Agency<br> (Care Communities Obligated Group)<br>Series 2025<br>5.50%, 07/15/2035<sup>(b)</sup> | 1000 | 1003826 |
|  Massachusetts Development Finance Agency<br> (Emerson College)<br>Series 2017-A<br>5.00%, 01/01/2026 | 1240 | 1248640 |
|  Massachusetts Development Finance Agency<br> (GingerCare Living Obligated Group)<br>Series 2024<br>4.75%, 12/01/2029<sup>(b)</sup> | 1000 | 1002142 |
|  Massachusetts Development Finance Agency<br> (UMass Memorial Health Care Obligated Group)<br>Series 2016<br>5.00%, 07/01/2030 | 1295 | 1313851 |
|  Massachusetts Port Authority<br> (Massachusetts Port Authority)<br>Series 2017-A<br>5.00%, 07/01/2027 | 1120 | 1163639 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2019-A<br>5.00%, 07/01/2027 | 2250 | 2338486 |
|  |  | 12203347 |
|  **Michigan – 0.8%** | **Michigan – 0.8%** | **Michigan – 0.8%** |
|  City of Detroit MI<br> (City of Detroit MI)<br>Series 2018<br>5.00%, 04/01/2026 | 1000 | 1010629 |
|  Detroit Downtown Development Authority<br> (Detroit Downtown Development Authority Catalyst Development Area)<br>Series 2024<br>5.00%, 07/01/2048 | 890 | 899237 |
|  Great Lakes Water Authority Water Supply System Revenue<br> (Great Lakes Water Authority Water Supply System Revenue)<br>Series 2018-A<br>5.00%, 07/01/2028 | 1000 | 1069091 |

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------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Michigan State Building Authority<br> (State of Michigan Lease)<br>Series 2016-I<br>5.00%, 10/15/2032 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1765 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1802099 |
|  Michigan State Hospital Finance Authority<br> (Ascension Health Credit Group)<br>Series 2019<br>5.00%, 11/01/2026 |  | 2000 |  | 2060416 |
|  |  |  |  | 6841472 |
|  **Minnesota – 0.3%** | **Minnesota – 0.3%** | **Minnesota – 0.3%** | **Minnesota – 0.3%** | **Minnesota – 0.3%** |
|  City of St. Cloud MN<br> (CentraCare Health System Obligated Group)<br>Series 2016-A<br>5.00%, 05/01/2026 |  | 1225 |  | 1243471 |
|  University of Minnesota<br> (University of Minnesota)<br>Series 2017-A<br>5.00%, 09/01/2032 |  | 1020 |  | 1057709 |
|  |  |  |  | 2301180 |
|  **Mississippi – 0.3%** | **Mississippi – 0.3%** | **Mississippi – 0.3%** | **Mississippi – 0.3%** | **Mississippi – 0.3%** |
|  City of Gulfport MS<br> (Memorial Hospital at Gulfport Obligated Group)<br>Series 2016<br>5.00%, 07/01/2030 |  | 2450 |  | 2465006 |
|  **Missouri – 0.6%** | **Missouri – 0.6%** | **Missouri – 0.6%** | **Missouri – 0.6%** | **Missouri – 0.6%** |
|  County of St. Louis MO<br> (County of St. Louis MO Lease)<br>Series 2020-A<br>4.00%, 12/01/2030 |  | 755 |  | 780627 |
|  Health & Educational Facilities Authority of the State of Missouri<br> (BJC Healthcare Obligated Group)<br>Series 2021-B<br>4.00%, 05/01/2051 |  | 2000 |  | 2015516 |
|  Health & Educational Facilities Authority of the State of Missouri<br> (SSM Health Care Obligated Group)<br>Series 2022-A<br>5.00%, 06/01/2027 |  | 1015 |  | 1053080 |
|  Missouri Joint Municipal Electric Utility Commission<br> (Missouri Joint Municipal Electric Utility Commission Plum Point Project Revenue)<br>Series 2024<br>5.00%, 01/01/2031 |  | 1000 |  | 1101047 |
|  |  |  |  | 4950270 |
|  **Nebraska – 0.2%** | **Nebraska – 0.2%** | **Nebraska – 0.2%** | **Nebraska – 0.2%** | **Nebraska – 0.2%** |
|  Central Plains Energy Project<br> (Bank of Montreal)<br>Series 2023-A<br>5.00%, 05/01/2054 |  | 1000 |  | 1058525 |
|  Central Plains Energy Project<br> (Royal Bank of Canada)<br>Series 2025-A<br>5.00%, 08/01/2055 |  | 1000 |  | 1067323 |
|  |  |  |  | 2125848 |

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------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **Nevada – 0.1%** | **Nevada – 0.1%** | **Nevada – 0.1%** |
|  Tahoe-Douglas Visitors Authority<br> (Tahoe-Douglas Visitors Authority)<br>Series 2020<br>5.00%, 07/01/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1055161 |
|  **New Hampshire – 1.6%** | **New Hampshire – 1.6%** | **New Hampshire – 1.6%** |
|  New Hampshire Business Finance Authority<br> (Brazoria-Fort Bend County Municipal Utility District No. 3)<br>Series 2024<br>4.875%, 12/01/2033<sup>(b)</sup> | 600 | 599295 |
|  New Hampshire Business Finance Authority<br> (Bridgeland Water & Utility Districts 490, 491 & 158)<br>Series 2024<br>5.375%, 12/15/2035<sup>(b)</sup> | 1881 | 1846270 |
|  New Hampshire Business Finance Authority<br> (Collin County Municipal Utility District No. 4)<br>Series 2025<br>5.50%, 12/01/2030<sup>(b)</sup> | 800 | 807835 |
|  New Hampshire Business Finance Authority<br> (Emberly & Canterra Creek Projects)<br>Series 2024<br>5.375%, 12/01/2031<sup>(b)</sup> | 950 | 950702 |
|  New Hampshire Business Finance Authority<br> (Lakes Fresh Water Supply District of Denton County)<br>Series 2024<br>5.00%, 12/01/2028<sup>(b)</sup> | 1000 | 1001868 |
|  New Hampshire Business Finance Authority<br> (NFA 2025-1)<br>Series 2025<br>5.875%, 12/15/2033<sup>(b)</sup> | 3000 | 3011720 |
|  New Hampshire Business Finance Authority<br> (Novant Health Obligated Group)<br>Series 2025<br>5.00%, 06/01/2032 | 1490 | 1616570 |
|  New Hampshire Business Finance Authority<br> (Tamarron Project)<br>Series 2024<br>5.25%, 12/01/2035<sup>(b)</sup> | 756 | 755646 |
|  New Hampshire Business Finance Authority<br> (The Highlands Project)<br>Series 2024<br>5.125%, 12/15/2030 | 1900 | 1904207 |
|  New Hampshire Business Finance Authority<br> (Valencia Project)<br>Series 2024<br>5.30%, 12/01/2032<sup>(b)</sup> | 1500 | 1500234 |
|  |  | 13994347 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
|  **New Jersey – 5.3%** | **New Jersey – 5.3%** | **New Jersey – 5.3%** |
|  Atlantic County Improvement Authority (The)<br> (Island Campus Redevelopment Urban Renewal Associates)<br>AG Series 2016<br>5.00%, 09/01/2028 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2400 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2457161 |
|  City of Newark NJ<br> (City of Newark NJ)<br>AG Series 2020-A<br>5.00%, 10/01/2027 | 1290 | 1354669 |
|  Garden State Preservation Trust<br> (Garden State Preservation Trust)<br>AG Series 2005-A<br>5.75%, 11/01/2028 | 2530 | 2662282 |
|  New Brunswick Parking Authority<br> (New Brunswick Parking Authority)<br>BAM Series 2016-A<br>5.00%, 09/01/2030 | 2000 | 2043258 |
|  New Jersey Economic Development Authority<br> (DRP Urban Renewal 4 LLC)<br>Series 2025<br>6.375%, 01/01/2035<sup>(b)</sup> | 1500 | 1535824 |
|  New Jersey Economic Development Authority<br> (New Jersey Transit State Lease)<br>Series 2017-B<br>5.00%, 11/01/2025 | 1400 | 1405326 |
|  New Jersey Economic Development Authority<br> (New Jersey-American Water)<br>Series 2023<br>3.75%, 11/01/2034 | 3500 | 3503633 |
|  New Jersey Economic Development Authority<br> (State of New Jersey Lease)<br>Series 2015-X<br>5.25%, 06/15/2027 | 1395 | 1396378 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2016-A<br>5.50%, 06/15/2028 | 1500 | 1555777 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-G<br>5.25%, 09/01/2025<sup>(b)</sup> | 1500 | 1500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2005-N<br>5.50%, 09/01/2025 | 3500 | 3500000 |
| &nbsp;&nbsp;&nbsp;&nbsp; NATL Series 2005-N<br>5.50%, 09/01/2027 | 2000 | 2117720 |
|  New Jersey Economic Development Authority<br> (State of New Jersey Motor Vehicle Surcharge Revenue Lease)<br>Series 2017-A<br>5.00%, 07/01/2033 | 1280 | 1299138 |
|  New Jersey Economic Development Authority<br> (United Airlines, Inc.)<br>Series 2012<br>5.75%, 09/15/2027 | 1625 | 1628227 |
|  New Jersey Health Care Facilities Financing Authority<br> (RWJ Barnabas Health Obligated Group)<br>Series 2016<br>5.00%, 07/01/2043 | 2405 | 2404986 |
|  New Jersey Transportation Trust Fund Authority<br> (New Jersey Transportation Fed Hwy Grant)<br>Series 2016<br>5.00%, 06/15/2027 | 1085 | 1106274 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 06/15/2030 | 2380 | 2419997 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  New Jersey Transportation Trust Fund Authority<br> (Prerefunded - US Treasuries)<br>Series 2019<br>5.00%, 06/15/2030 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;276707 |
|  New Jersey Turnpike Authority<br> (New Jersey Turnpike Authority)<br>Series 2025-B<br>5.00%, 01/01/2031 |  | 5000 |  | 5571090 |
|  Newark Board of Education<br> (Newark Board of Education)<br>BAM Series 2021<br>5.00%, 07/15/2029 |  | 1210 |  | 1316940 |
|  South Jersey Transportation Authority<br> (South Jersey Transportation Authority)<br>AG Series 2019-A<br>5.00%, 11/01/2030 |  | 1675 |  | 1834091 |
|  Tobacco Settlement Financing Corp./NJ<br> (Tobacco Settlement Financing Corp/NJ)<br>Series 2018-A<br>5.00%, 06/01/2029 |  | 2645 |  | 2776606 |
|  |  |  |  | 45666084 |
|  **New York – 6.5%** | **New York – 6.5%** | **New York – 6.5%** | **New York – 6.5%** | **New York – 6.5%** |
|  City of New York NY<br> (City of New York NY)<br>Series 2025-B<br>5.00%, 08/01/2028 |  | 2000 |  | 2141708 |
|  Empire State Development Corp.<br> (Prerefunded - US Treasuries)<br>Series 2015-A<br>5.00%, 03/15/2026 |  | 1000 |  | 1000959 |
|  Metropolitan Transportation Authority<br> (Metropolitan Transportation Authority)<br>Series 2016-D<br>5.00%, 11/15/2031 |  | 1500 |  | 1534716 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017<br>5.00%, 11/15/2025 |  | 2050 |  | 2059011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2028 |  | 2010 |  | 2165266 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2017-C<br>5.00%, 11/15/2025 |  | 630 |  | 632769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/15/2029 |  | 1840 |  | 1953874 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 11/15/2032 |  | 1500 |  | 1680897 |
|  New York City Municipal Water Finance Authority<br> (New York City Municipal Water Finance Authority)<br>Series 2018-E<br>5.00%, 06/15/2032 |  | 1410 |  | 1416603 |
|  New York City Transitional Finance Authority Future Tax Secured Revenue<br> (New York City Transitional Finance Authority Future Tax Secured Revenue)<br>Series 2016-F<br>4.00%, 02/01/2034 |  | 2000 |  | 2002012 |
|  New York State Dormitory Authority<br> (Montefiore Obligated Group)<br>Series 2018<br>5.00%, 08/01/2028 |  | 1000 |  | 1054493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 08/01/2033 |  | 1500 |  | 1529114 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020<br>5.00%, 09/01/2027 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1400 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1445008 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 11/01/2026 | 900 | 920372 |
|  New York State Dormitory Authority<br> (New York State Dormitory Authority Lease)<br>Series 2018<br>5.00%, 10/01/2031 | 1775 | 1813743 |
|  New York State Dormitory Authority<br> (Northwell Health Obligated Group)<br>Series 2019<br>5.00%, 05/01/2048 | 1000 | 1003389 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>5.00%, 05/01/2030 | 1000 | 1096965 |
|  New York State Dormitory Authority<br> (Wagner College)<br>Series 2022<br>5.00%, 07/01/2033 | 1000 | 962067 |
|  New York State Dormitory Authority<br> (White Plains Hospital Obligated Group)<br>Series 2024<br>5.00%, 10/01/2029 | 750 | 801644 |
|  New York State Environmental Facilities Corp.<br> (New York City Municipal Water Finance Authority)<br>Series 2025<br>2.75%, 09/01/2050<sup>(c)</sup> | 1420 | 1418264 |
|  New York Transportation Development Corp.<br> (JFK Intl Air Terminal)<br>Series 2020<br>5.00%, 12/01/2026 | 1050 | 1076129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 12/01/2031 | 1000 | 1063527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 12/01/2030 | 2040 | 2213292 |
|  Port Authority of New York & New Jersey<br> (Port Authority of New York & New Jersey)<br>Series 2016<br>5.00%, 10/01/2025 | 1000 | 1001730 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-2<br>5.00%, 09/15/2029 | 1530 | 1606696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/2030 | 2500 | 2614235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/15/2031 | 2575 | 2680607 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-2<br>3.00%, 10/01/2028 | 3950 | 3951280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/15/2027 | 2445 | 2539165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-2<br>5.00%, 09/01/2032 | 1235 | 1354140 |
|  Suffolk Regional Off-Track Betting Corp.<br> (Suffolk Regional Off-Track Betting)<br>Series 2024<br>5.00%, 12/01/2034 | 1500 | 1526678 |
|  Triborough Bridge & Tunnel Authority<br> (Triborough Bridge & Tunnel Authority)<br>Series 2017-B<br>5.00%, 11/15/2033 | 1205 | 1242717 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 03/01/2028 | 3500 | 3734377 |

---

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---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Troy Capital Resource Corp.<br> (Rensselaer Polytechnic Institute)<br>Series 2020<br>5.00%, 09/01/2028 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1270 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1348569 |
|  |  |  |  | 56586016 |
|  **North Carolina – 1.0%** | **North Carolina – 1.0%** | **North Carolina – 1.0%** | **North Carolina – 1.0%** | **North Carolina – 1.0%** |
|  County of Guilford NC<br> (County of Guilford NC)<br>Series 2017-B<br>4.00%, 05/01/2033 |  | 3000 |  | 3031214 |
|  County of New Hanover NC<br> (County of New Hanover NC)<br>Series 2018<br>5.00%, 09/01/2026 |  | 1010 |  | 1037103 |
|  Cumberland County Industrial Facilities & Pollution Control Financing Authority<br> (American Titanium Metal)<br>Series 2024<br>3.75%, 12/01/2027 |  | 2000 |  | 2000420 |
|  North Carolina Department of Transportation<br> (I-77 Mobility Partners)<br>Series 2015<br>5.00%, 12/31/2037 |  | 1405 |  | 1405660 |
|  State of North Carolina<br> (State of North Carolina Lease)<br>Series 2014-C<br>3.00%, 05/01/2028 |  | 1000 |  | 1000143 |
|  |  |  |  | 8474540 |
|  **North Dakota – 0.2%** | **North Dakota – 0.2%** | **North Dakota – 0.2%** | **North Dakota – 0.2%** | **North Dakota – 0.2%** |
|  County of Ward ND<br> (Trinity Health Obligated Group)<br>Series 2017-C<br>5.00%, 06/01/2029 |  | 1300 |  | 1321584 |
|  **Ohio – 2.8%** | **Ohio – 2.8%** | **Ohio – 2.8%** | **Ohio – 2.8%** | **Ohio – 2.8%** |
|  American Municipal Power, Inc.<br> (American Municipal Power Combined Hydroelectric Revenue)<br>Series 2020<br>5.00%, 02/15/2026 |  | 1035 |  | 1046648 |
|  Buckeye Tobacco Settlement Financing Authority<br> (Buckeye Tobacco Settlement Financing Authority)<br>Series 2020-A<br>5.00%, 06/01/2028 |  | 1425 |  | 1493985 |
|  County of Allen OH Hospital Facilities Revenue<br> (Bon Secours Mercy Health)<br>Series 2025<br>5.00%, 11/01/2033 |  | 2000 |  | 2234508 |
|  Jefferson County Port Authority/OH<br> (JSW Steel USA Ohio, Inc.)<br>Series 2023<br>5.00%, 12/01/2053<sup>(b)</sup> |  | 1000 |  | 1002051 |
|  Lancaster Port Authority<br> (Royal Bank of Canada)<br>Series 2024-A<br>5.00%, 02/01/2055 |  | 1000 |  | 1062974 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Ohio Air Quality Development Authority<br> (American Electric Power)<br>Series 2019<br>2.40%, 12/01/2038 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477060 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>3.70%, 07/01/2028 |  | 4000 |  | 4009054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.70%, 10/01/2028 |  | 1500 |  | 1503249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 01/01/2029 |  | 1500 |  | 1504367 |
|  Ohio Air Quality Development Authority<br> (Duke Energy Corp.)<br>Series 2022<br>4.00%, 09/01/2030 |  | 4175 |  | 4252667 |
|  Ohio Higher Educational Facility Commission<br> (John Carroll University)<br>Series 2025<br>5.00%, 10/01/2033 |  | 1085 |  | 1145336 |
|  Ohio Higher Educational Facility Commission<br> (Xavier University)<br>Series 2024<br>5.00%, 05/01/2033 |  | 650 |  | 710208 |
|  Reynoldsburg City School District<br> (Reynoldsburg City School District)<br>Series 2013<br>4.919%, 09/01/2030 |  | 800 |  | 824563 |
|  State of Ohio<br> (State of Ohio Fed Hwy Grant)<br>Series 2016-2<br>5.00%, 12/15/2028 |  | 1015 |  | 1034480 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-1<br>5.00%, 12/15/2028 |  | 1000 |  | 1019192 |
|  State of Ohio<br> (University Hospitals Health System Obligated Group)<br>Series 2016<br>5.00%, 01/15/2030 |  | 1090 |  | 1096167 |
|  |  |  |  | 24416509 |
|  **Oklahoma – 0.2%** | **Oklahoma – 0.2%** | **Oklahoma – 0.2%** | **Oklahoma – 0.2%** | **Oklahoma – 0.2%** |
|  Oklahoma Development Finance Authority<br> (OU Medicine Obligated Group)<br>Series 2018-B<br>5.00%, 08/15/2029 |  | 1000 |  | 1043345 |
|  Tulsa Municipal Airport Trust Trustees/OK<br> (American Airlines, Inc.)<br>Series 2025<br>6.25%, 12/01/2035 |  | 1000 |  | 1104214 |
|  |  |  |  | 2147559 |
|  **Oregon – 0.5%** | **Oregon – 0.5%** | **Oregon – 0.5%** | **Oregon – 0.5%** | **Oregon – 0.5%** |
|  Medford Hospital Facilities Authority<br> (Asante Health System Obligated Group)<br>Series 2020-A<br>5.00%, 08/15/2027 |  | 1000 |  | 1045341 |
|  Port of Portland OR Airport Revenue<br> (Port of Portland OR Airport Revenue)<br>Series 2022-2<br>5.00%, 07/01/2030 |  | 1015 |  | 1104695 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Port of Portland OR Airport Revenue<br> (Portland Intl Airport)<br>Series 2017-2<br>5.00%, 07/01/2029 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1024230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 07/01/2031 |  | 1100 |  | 1119615 |
|  |  |  |  | 4293881 |
|  **Pennsylvania – 3.4%** | **Pennsylvania – 3.4%** | **Pennsylvania – 3.4%** | **Pennsylvania – 3.4%** | **Pennsylvania – 3.4%** |
|  Allegheny County Hospital Development Authority<br> (UPMC Obligated Group)<br>Series 2022<br>3.43% (MUNIPSA + 0.70%), 11/15/2047<sup>(a)</sup> |  | 1000 |  | 989825 |
|  Bucks County Industrial Development Authority<br> (Grand View Hospital/Sellersville PA Obligated Group)<br>Series 2021<br>5.00%, 07/01/2032 |  | 500 |  | 529190 |
|  City of Philadelphia PA Airport Revenue<br> (City of Philadelphia PA Airport Revenue)<br>Series 2020-C<br>5.00%, 07/01/2030 |  | 1220 |  | 1323240 |
|  Commonwealth of Pennsylvania<br> (Commonwealth of Pennsylvania)<br>Series 2023<br>5.00%, 09/01/2027 |  | 1500 |  | 1576652 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-A<br>5.00%, 08/15/2027 |  | 2000 |  | 2103944 |
|  County of Allegheny PA<br> (County of Allegheny PA)<br>Series 2016-C<br>5.00%, 11/01/2025 |  | 4400 |  | 4417519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 11/01/2029 |  | 2000 |  | 2054571 |
|  General Authority of Southcentral Pennsylvania<br> (UPMC Pinnacle Hanover)<br>Series 2015<br>5.00%, 12/01/2027 |  | 1275 |  | 1280513 |
|  Hospitals & Higher Education Facilities Authority of Philadelphia (The)<br> (Temple University Health System Obligated Group)<br>Series 2017<br>5.00%, 07/01/2032 |  | 1980 |  | 2009804 |
|  Montgomery County Higher Education & Health Authority<br> (Thomas Jefferson University Obligated Group)<br>Series 2018<br>5.00%, 09/01/2030 |  | 1000 |  | 1060420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 09/01/2031 |  | 1500 |  | 1579149 |
|  Pennsylvania Economic Development Financing Authority<br> (Commonwealth of Pennsylvania Dept. of Transportation)<br>Series 2022<br>5.00%, 12/31/2032 |  | 2000 |  | 2168839 |
|  Pennsylvania Economic Development Financing Authority<br> (PA Bridges Finco LP)<br>Series 2015<br>5.00%, 12/31/2027 |  | 4000 |  | 4055322 |

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---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal<br>Amount<br>(000)** | **Principal<br>Amount<br>(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Pennsylvania Economic Development Financing Authority<br> (Philadelphia Water Dept.)<br>Series 2020<br>4.00%, 01/01/2026 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1220 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1223114 |
|  Pennsylvania Turnpike Commission Registration Fee Revenue<br> (Pennsylvania Turnpike Commission Registration Fee Revenue)<br>Series 2023<br>3.58% (MUNIPSA + 0.85%), 07/15/2041<sup>(a)</sup> |  | 1000 |  | 998473 |
|  Pittsburgh Water & Sewer Authority<br> (Pittsburgh Water & Sewer Authority)<br>AG Series 2017-A<br>5.00%, 09/01/2025 |  | 1045 |  | 1045000 |
|  Scranton School District/PA<br> (Scranton School District/PA)<br>BAM Series 2017-E<br>5.00%, 12/01/2029 |  | 1000 |  | 1050693 |
|  |  |  |  | 29466268 |
|  **Puerto Rico – 0.9%** | **Puerto Rico – 0.9%** | **Puerto Rico – 0.9%** | **Puerto Rico – 0.9%** | **Puerto Rico – 0.9%** |
|  Commonwealth of Puerto Rico<br> (Commonwealth of Puerto Rico)<br>Series 2021-A<br>5.625%, 07/01/2027 |  | 1108 |  | 1145654 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 07/01/2029 |  | 675 |  | 719065 |
|  Puerto Rico Commonwealth Aqueduct & Sewer Authority<br> (Puerto Rico Commonwealth Aqueduct & Sewer Authority)<br>Series 2020-A<br>5.00%, 07/01/2030<sup>(b)</sup> |  | 1000 |  | 1046337 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2021-C<br>3.50%, 07/01/2026<sup>(b)</sup> |  | 2000 |  | 1945070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3.75%, 07/01/2027<sup>(b)</sup> |  | 2000 |  | 1895037 |
|  Puerto Rico Electric Power Authority<br> (Puerto Rico Electric Power Authority)<br>Series 2010-A<br>5.25%, 07/01/2027<sup>(e) (f)</sup> |  | 1565 |  | 1034856 |
|  |  |  |  | 7786019 |
|  **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** | **South Carolina – 1.1%** |
|  SCAGO Educational Facilities Corp. for Pickens School District<br> (Pickens County School District/SC)<br>Series 2015<br>5.00%, 12/01/2030 |  | 1000 |  | 1001164 |
|  SCAGO Educational Facilities Corp. for Pickens School District<br> (SCAGO Educational Facilities for Pickens School District Lease)<br>Series 2015<br>5.00%, 12/01/2029 |  | 1500 |  | 1501907 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  South Carolina Jobs-Economic Development Authority<br> (Novant Health Obligated Group)<br>Series 2024<br>5.00%, 11/01/2031 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3185 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3522737 |
|  South Carolina Public Service Authority<br> (South Carolina Public Service Authority)<br>Series 2016-A<br>5.00%, 12/01/2034 | 1500 | 1514057 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.00%, 12/01/2031 | 1775 | 1972650 |
|  |  | 9512515 |
|  **Tennessee – 1.1%** |  |  |
|  Memphis-Shelby County Airport Authority<br> (Memphis-Shelby County Airport Authority)<br>Series 2021-A<br>5.00%, 07/01/2034 | 1355 | 1425086 |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board<br> (EC Burning Tree LLC)<br>Series 2025<br>5.00%, 10/01/2028 | 2000 | 2081292 |
|  Metropolitan Government Nashville & Davidson County Health & Educational Facilities Board<br> (Vanderbilt University Medical Center Obligated Group)<br>Series 2023<br>5.00%, 07/01/2028 | 1000 | 1061703 |
|  Metropolitan Nashville Airport Authority (The)<br> (Metropolitan Nashville Airport Authority/The)<br>Series 2019-B<br>5.00%, 07/01/2030 | 1005 | 1090516 |
|  Tennessee Energy Acquisition Corp.<br> (Goldman Sachs Group)<br>Series 2023-A<br>5.00%, 05/01/2053 | 2000 | 2075776 |
|  Tennessee Energy Acquisition Corp.<br> (Pacific Life Insurance)<br>Series 2025-A<br>5.00%, 12/01/2035 | 2000 | 2119312 |
|  |  | 9853685 |
|  **Texas – 5.1%** |  |  |
|  Central Texas Regional Mobility Authority<br> (Central Texas Regional Mobility Authority)<br>Series 2016<br>5.00%, 01/01/2028 | 1065 | 1073137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2020-E<br>5.00%, 01/01/2031 | 1420 | 1539765 |
|  City of Houston TX Airport System Revenue<br> (City of Houston TX Airport System Revenue)<br>Series 2025-A<br>5.00%, 07/01/2028 | 1600 | 1692464 |
|  City of Houston TX Airport System Revenue<br> (United Airlines, Inc.)<br>Series 2020<br>5.00%, 07/15/2027 | 1500 | 1520789 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024-B<br>5.25%, 07/15/2034 | $1500 | $1571879 |
|  City of San Antonio TX Airport System<br> (City of San Antonio TX Airport System)<br>Series 2019-A<br>5.00%, 07/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590466 |
|  County of Harris TX<br> (County of Harris TX)<br>Series 2025-A<br>5.00%, 09/15/2027 | 1000 | 1053413 |
|  Goose Creek Consolidated Independent School District<br> (Goose Creek Consolidated Independent School District)<br>Series 2016-A<br>5.00%, 02/15/2029 | 2000 | 2021681 |
|  Harris County Cultural Education Facilities Finance Corp.<br> (Memorial Hermann Health System Obligated Group)<br>Series 2022<br>3.58% (MUNIPSA + 0.85%), 07/01/2049<sup>(a)</sup> | 2000 | 2000661 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 07/01/2054 | 3600 | 3858326 |
|  Harris County Housing Finance Corp.<br> (Kobayashi Baypointe Apartments)<br>Series 2025<br>2.95%, 09/01/2043 | 2500 | 2500108 |
|  Harris County Industrial Development Corp.<br> (Energy Transfer LP)<br>Series 2023<br>4.05%, 11/01/2050 | 2000 | 2008551 |
|  Irving Hospital Authority<br> (Baylor Medical Center at Irving)<br>Series 2017-A<br>5.00%, 10/15/2033 | 1000 | 1009194 |
|  North Texas Tollway Authority<br> (North Texas Tollway System)<br>Series 2016-A<br>5.00%, 01/01/2028 | 1000 | 1008458 |
|  Port Freeport TX<br> (Port Freeport TX)<br>Series 2019-A<br>5.00%, 06/01/2031 | 1085 | 1137982 |
|  Port of Beaumont Industrial Development Authority<br> (Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2021<br>4.10%, 01/01/2028<sup>(b)</sup> | 1800 | 1608567 |
|  Port of Beaumont Navigation District<br> (Jefferson 2020 Bond Lessee & Borrower Obligated Group)<br>Series 2024<br>10.00%, 07/01/2026<sup>(b)</sup> | 1000 | 1005900 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Tarrant County Cultural Education Facilities Finance Corp.<br> (Texas Health Resources Obligated Group)<br>Series 2025<br>5.00%, 11/15/2064 | $| 2000 | $| 2166439 |
|  Texas Municipal Gas Acquisition & Supply Corp. II<br> (JPMorgan Chase & Co.)<br>Series 2007<br>3.939% (CME Term SOFR 3 Month + 1.05%), 09/15/2027<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1430 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1435527 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2012-C<br>3.713% (CME Term SOFR 3 Month + 0.86%), 09/15/2027<sup>(a)</sup> |  | 1730 |  | 1732389 |
|  Texas Municipal Gas Acquisition & Supply Corp. III<br> (Macquarie Group Ltd.)<br>Series 2021<br>5.00%, 12/15/2032 |  | 2000 |  | 2130520 |
|  Texas Municipal Gas Acquisition & Supply Corp. IV<br> (BP PLC)<br>Series 2023-A<br>5.50%, 01/01/2054 |  | 4000 |  | 4266596 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-B<br>5.50%, 01/01/2054 |  | 1500 |  | 1640464 |
|  Texas Private Activity Bond Surface Transportation Corp.<br> (NTE Mobility Partners LLC)<br>Series 2019<br>5.00%, 12/31/2030 |  | 1000 |  | 1071228 |
|  Texas Water Development Board<br> (State Water Implementation Revenue Fund for Texas)<br>Series 2023-A<br>5.00%, 10/15/2026 |  | 1000 |  | 1030165 |
|  University of Houston<br> (University of Houston)<br>Series 2020-A<br>5.00%, 02/15/2027 |  | 1000 |  | 1038543 |
|  |  |  |  | 43713212 |
|  **Utah – 0.7%** | **Utah – 0.7%** | **Utah – 0.7%** | **Utah – 0.7%** | **Utah – 0.7%** |
|  Grapevine Wash Local District<br> (Grapevine Wash Local District Assessment Area No. 1)<br>Series 2024-A<br>5.25%, 12/01/2044<sup>(b)</sup> |  | 1000 |  | 926627 |
|  Utah Board of Higher Education<br> (University of Utah/The) NATL<br>Series 1998<br>5.50%, 04/01/2029 |  | 1440 |  | 1523183 |
|  Utah Infrastructure Agency<br> (Utah Infrastructure Agency)<br>Series 2017-A<br>5.00%, 10/15/2029 |  | 1000 |  | 1030384 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2022<br>5.00%, 10/15/2032 |  | 1135 |  | 1210107 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2024<br>5.00%, 10/15/2026 |  | 440 |  | 448607 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Wolf Creek Infrastructure Financing District No. 1<br> (Wolf Creek Infrastructure Financing District No. 1 Wolf Creek Assessment Area 1)<br>Series 2025<br>5.75%, 12/01/2044 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;988260 |
|  |  |  |  | 6127168 |
|  **Virginia – 0.5%** | **Virginia – 0.5%** | **Virginia – 0.5%** | **Virginia – 0.5%** | **Virginia – 0.5%** |
|  County of Fairfax VA<br> (County of Fairfax VA)<br>Series 2021-A<br>4.00%, 10/01/2025 |  | 1245 |  | 1246548 |
|  Louisa Industrial Development Authority<br> (Virginia Electric & Power)<br>Series 2025<br>3.125%, 11/01/2035<sup>(c)</sup> |  | 2000 |  | 2001361 |
|  Virginia College Building Authority<br> (Marymount University)<br>Series 2015<br>5.25%, 07/01/2030<sup>(b)</sup> |  | 1000 |  | 941683 |
|  |  |  |  | 4189592 |
|  **Washington – 1.6%** | **Washington – 1.6%** | **Washington – 1.6%** | **Washington – 1.6%** | **Washington – 1.6%** |
|  FYI Properties<br> (State of Washington Consolidated Technology Services Lease)<br>Series 2019<br>5.00%, 06/01/2026 |  | 1965 |  | 2001259 |
|  Pierce County School District No. 10 Tacoma<br> (Prerefunded - US Govt Agencies)<br>Series 2015<br>5.00%, 12/01/2033 |  | 2190 |  | 2203727 |
|  Port of Seattle WA<br> (Port of Seattle WA)<br>Series 2017-C<br>5.00%, 05/01/2028 |  | 1260 |  | 1302695 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-A<br>5.00%, 05/01/2030 |  | 2185 |  | 2252201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 5.00%, 05/01/2036 |  | 1010 |  | 1023010 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2018-B<br>5.00%, 05/01/2027 |  | 1000 |  | 1033393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-B<br>5.00%, 10/01/2028 |  | 2000 |  | 2131041 |
|  State of Washington<br> (State of Washington)<br>Series 2017<br>5.00%, 08/01/2030 |  | 1000 |  | 1046453 |
|  Washington State Housing Finance Commission<br> (Presbyterian Retirement Communities Northwest Obligated Group)<br>Series 2019-A<br>5.00%, 01/01/2034<sup>(b)</sup> |  | 1225 |  | 1242750 |
|  |  |  |  | 14236529 |
|  **West Virginia – 0.7%** | **West Virginia – 0.7%** | **West Virginia – 0.7%** | **West Virginia – 0.7%** | **West Virginia – 0.7%** |
|  Tobacco Settlement Finance Authority/WV<br> (Tobacco Settlement Finance Authority/WV)<br>Series 2020<br>4.875%, 06/01/2049 |  | 235 |  | 211813 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  West Virginia Economic Development Authority<br> (Appalachian Power Co.)<br>Series 2024<br>3.375%, 03/01/2040 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3027177 |
|  West Virginia Economic Development Authority<br> (Provident Group - Marshall Properties)<br>AG Series 2023<br>5.00%, 07/01/2030 |  | 2665 |  | 2897674 |
|  |  |  |  | 6136664 |
|  **Wisconsin – 2.2%** | **Wisconsin – 2.2%** | **Wisconsin – 2.2%** | **Wisconsin – 2.2%** | **Wisconsin – 2.2%** |
|  City of Milwaukee WI<br> (City of Milwaukee WI)<br>Series 2020-N<br>5.00%, 04/01/2027 |  | 1000 |  | 1036985 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2023<br>5.00%, 04/01/2031 |  | 1025 |  | 1131603 |
| &nbsp;&nbsp;&nbsp;&nbsp; AG Series 2023-N<br>5.00%, 04/01/2028 |  | 1690 |  | 1789492 |
|  City of Milwaukee WI Sewerage System Revenue<br> (City of Milwaukee WI Sewerage System Revenue)<br>Series 2016-S<br>4.00%, 06/01/2028 |  | 350 |  | 353224 |
|  Wisconsin Health & Educational Facilities Authority<br> (Forensic Science & Protective Medicine Collaboration)<br>Series 2024<br>5.00%, 08/01/2027<sup>(b)</sup> |  | 2500 |  | 2538821 |
|  Wisconsin Health & Educational Facilities Authority<br> (Froedtert ThedaCare Health Obligated Group)<br>Series 2025<br>5.00%, 10/01/2032 |  | 1500 |  | 1666965 |
|  Wisconsin Health & Educational Facilities Authority<br> (Hospital Sisters Services Obligated Group)<br>Series 2025<br>5.00%, 08/15/2028 |  | 1000 |  | 1066008 |
|  Wisconsin Public Finance Authority<br> (Alpha Ranch Water Control & Improvement District of Denton & Wise Counties)<br>Series 2024<br>Zero Coupon, 12/15/2038<sup>(b)</sup> |  | 2000 |  | 900478 |
|  Wisconsin Public Finance Authority<br> (Inperium Obligated Group)<br>Series 2024<br>5.00%, 12/01/2034<sup>(b)</sup> |  | 1000 |  | 1016100 |
|  Wisconsin Public Finance Authority<br> (Kaiser Obligated Group)<br>Series 2023-A<br>5.00%, 10/01/2027 |  | 1305 |  | 1367094 |
|  Wisconsin Public Finance Authority<br> (North San Gabriel Municipal Utility District No. 1)<br>Series 2023<br>Zero Coupon, 09/01/2029<sup>(b)</sup> |  | 1500 |  | 1125976 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Wisconsin Public Finance Authority<br> (Renown Regional Medical Center Obligated Group)<br>Series 2020<br>5.00%, 06/01/2029 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;816227 |
|  Wisconsin Public Finance Authority<br> (Signorelli Projects)<br>Series 2024<br>5.375%, 12/15/2032<sup>(b)</sup> |  | 1838 |  | 1838047 |
|  Wisconsin Public Finance Authority<br> (Southeastern Regional Medical Center Obligated Group)<br>Series 2022<br>5.00%, 02/01/2030 |  | 1000 |  | 1010702 |
|  Wisconsin Public Finance Authority<br> (Waterstone Projects)<br>Series 2024<br>5.50%, 12/15/2038<sup>(b)</sup> |  | 1000 |  | 984803 |
|  |  |  |  | 18642525 |
|  Total Long-Term Municipal Bonds <br>(cost $720,645,437) | Total Long-Term Municipal Bonds <br>(cost $720,645,437) | Total Long-Term Municipal Bonds <br>(cost $720,645,437) |  | 726601910 |
|  **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** | **Short-Term Municipal Notes – 12.9%** |
|  **California – 0.9%** | **California – 0.9%** | **California – 0.9%** | **California – 0.9%** | **California – 0.9%** |
|  City of Los Angeles CA<br> (City of Los Angeles CA)<br>Series 2025<br>5.00%, 06/25/2026 |  | 5000 |  | 5120452 |
|  County of Los Angeles CA<br> (County of Los Angeles CA)<br>Series 2025-A<br>5.00%, 06/30/2026 |  | 1500 |  | 1537098 |
|  Nuveen California AMT-Free Quality Municipal Income Fund<br> (Nuveen California AMT-Free Quality Municipal Income Fund)<br>Series 2017<br>3.18%, 10/01/2047<sup>(b) (g)</sup> |  | 1000 |  | 1000000 |
|  |  |  |  | 7657550 |
|  **Colorado – 1.0%** | **Colorado – 1.0%** | **Colorado – 1.0%** | **Colorado – 1.0%** | **Colorado – 1.0%** |
|  Boulder Larimer & Weld Counties St. Vrain Valley School District Re1J<br> (Boulder Larimer & Weld Counties St. Vrain Valley School District Re1J)<br>Series 2024<br>5.00%, 12/15/2025 |  | 1500 |  | 1510092 |
|  Colorado Educational & Cultural Facilities Authority<br> (Jewish Federation of South Palm Beach County)<br>Series 2008<br>3.95%, 02/01/2038<sup>(g)</sup> |  | 350 |  | 350000 |
|  Colorado Educational & Cultural Facilities Authority<br> (Miami Beach Jewish Community Center)<br>Series 2022<br>3.90%, 07/01/2041<sup>(g)</sup> |  | 1400 |  | 1400000 |
|  Colorado Educational & Cultural Facilities Authority<br> (Michael Ann Russell Jewish Community Center)<br>Series 2012<br>3.95%, 01/01/2039<sup>(g)</sup> |  | 775 |  | 775000 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Colorado State Education Loan Program<br> (Colorado State Education Loan Program)<br>Series 2025<br>5.00%, 06/30/2026 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4650 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4746450 |
|  |  |  |  | 8781542 |
|  **District of Columbia – 0.1%** | **District of Columbia – 0.1%** | **District of Columbia – 0.1%** | **District of Columbia – 0.1%** | **District of Columbia – 0.1%** |
|  District of Columbia<br> (MedStar Health Obligated Group)<br>Series 2017-A<br>3.95%, 08/15/2038<sup>(g)</sup> |  | 1210 |  | 1210000 |
|  **Florida – 1.0%** | **Florida – 1.0%** | **Florida – 1.0%** | **Florida – 1.0%** | **Florida – 1.0%** |
|  Hillsborough County Industrial Development Authority<br> (BayCare Obligated Group)<br>Series 2020<br>3.90%, 11/01/2038<sup>(g)</sup> |  | 6350 |  | 6350000 |
|  School Board of Miami-Dade County (The)<br> (School Board of Miami-Dade County/The)<br>Series 2025<br>4.00%, 01/07/2026<sup>(c)</sup> |  | 2330 |  | 2340783 |
|  |  |  |  | 8690783 |
|  **Idaho – 0.6%** | **Idaho – 0.6%** | **Idaho – 0.6%** | **Idaho – 0.6%** | **Idaho – 0.6%** |
|  Idaho Health Facilities Authority<br> (St. Luke's Health System Obligated Group/ID)<br>Series 2018-C<br>3.85%, 03/01/2048<sup>(g)</sup> |  | 1000 |  | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>3.90%, 03/01/2060<sup>(g)</sup> |  | 4600 |  | 4600000 |
|  |  |  |  | 5600000 |
|  **Illinois – 0.8%** | **Illinois – 0.8%** | **Illinois – 0.8%** | **Illinois – 0.8%** | **Illinois – 0.8%** |
|  Illinois Finance Authority<br> (OSF Healthcare System Obligated Group)<br>Series 2018<br>3.90%, 11/15/2037<sup>(g)</sup> |  | 7080 |  | 7080000 |
|  **Kansas – 0.5%** | **Kansas – 0.5%** | **Kansas – 0.5%** | **Kansas – 0.5%** | **Kansas – 0.5%** |
|  City of Wichita KS<br> (City of Wichita KS)<br>Series 2024<br>4.00%, 10/15/2025 |  | 4000 |  | 4006567 |
|  **Maryland – 0.3%** | **Maryland – 0.3%** | **Maryland – 0.3%** | **Maryland – 0.3%** | **Maryland – 0.3%** |
|  Maryland Health & Higher Educational Facilities Authority<br> (Johns Hopkins Health System Obligated Group)<br>Series 2024<br>3.85%, 06/01/2046<sup>(g)</sup> |  | 300 |  | 300000 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Maryland Health & Higher Educational Facilities Authority<br> (University of Maryland Medical System Obligated Group)<br>Series 2008<br>3.90%, 07/01/2041<sup>(g)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2545 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2545000 |
|  |  |  |  | 2845000 |
|  **Massachusetts – 0.1%** | **Massachusetts – 0.1%** | **Massachusetts – 0.1%** | **Massachusetts – 0.1%** | **Massachusetts – 0.1%** |
|  Massachusetts Development Finance Agency<br> (Emerson College)<br>Series 2025<br>5.00%, 01/01/2026 |  | 1120 |  | 1127804 |
|  **Michigan – 0.5%** | **Michigan – 0.5%** | **Michigan – 0.5%** | **Michigan – 0.5%** | **Michigan – 0.5%** |
|  Green Lake Township Economic Development Corp.<br> (Interlochen Center for the Arts)<br>Series 2023<br>3.95%, 06/01/2034<sup>(g)</sup> |  | 4200 |  | 4200000 |
|  **Missouri – 0.3%** | **Missouri – 0.3%** | **Missouri – 0.3%** | **Missouri – 0.3%** | **Missouri – 0.3%** |
|  Health & Educational Facilities Authority of the State of Missouri<br> (St. Louis University/US)<br>Series 2013-B<br>3.75%, 10/01/2035<sup>(g)</sup> |  | 2330 |  | 2330000 |
|  **New Jersey – 1.0%** | **New Jersey – 1.0%** | **New Jersey – 1.0%** | **New Jersey – 1.0%** | **New Jersey – 1.0%** |
|  City of Hoboken NJ<br> (City of Hoboken NJ)<br>Series 2025-A<br>4.00%, 03/10/2026 |  | 1000 |  | 1007325 |
|  City of Jersey City NJ<br> (City of Jersey City NJ)<br>Series 2024-D<br>4.50%, 10/22/2025 |  | 2500 |  | 2505890 |
|  Essex County Improvement Authority<br> (County of Essex NJ)<br>Series 2025<br>5.00%, 03/17/2026 |  | 3000 |  | 3039332 |
|  Township of West Orange/NJ<br> (Township of West Orange/NJ)<br>Series 2024<br>4.00%, 11/05/2025 |  | 2000 |  | 2004458 |
|  |  |  |  | 8557005 |
|  **New York – 2.1%** | **New York – 2.1%** | **New York – 2.1%** | **New York – 2.1%** | **New York – 2.1%** |
|  City of New York NY<br> (City of New York NY)<br>Series 2018-E<br>3.90%, 03/01/2048<sup>(g)</sup> |  | 950 |  | 950000 |
|  City of Rochester NY<br> (City of Rochester NY)<br>Series 2025-I<br>4.00%, 07/30/2026 |  | 3000 |  | 3041514 |
|  Town of Oyster Bay NY<br> (Town of Oyster Bay NY)<br>Series 2025<br>4.00%, 08/21/2026 |  | 4670 |  | 4734560 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Triborough Bridge & Tunnel Authority<br> (Triborough Bridge & Tunnel Authority)<br>Series 2018-2<br>3.85%, 01/01/2031<sup>(g)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025<br>3.71% (MUNIPSA + 0.98%), 05/01/2026<sup>(a)</sup> |  | 2400 |  | 2400000 |
|  |  |  |  | 17826074 |
|  **North Carolina – 0.2%** | **North Carolina – 0.2%** | **North Carolina – 0.2%** | **North Carolina – 0.2%** | **North Carolina – 0.2%** |
|  Charlotte-Mecklenburg Hospital Authority (The)<br> (Atrium Health Obligated Group)<br>AG Series 2017-E<br>3.90%, 01/15/2044<sup>(g)</sup> |  | 1570 |  | 1570000 |
|  **Ohio – 0.8%** | **Ohio – 0.8%** | **Ohio – 0.8%** | **Ohio – 0.8%** | **Ohio – 0.8%** |
|  County of Montgomery OH<br> (Premier Health Partners Obligated Group)<br>Series 2019<br>3.85%, 11/15/2045<sup>(g)</sup> |  | 6850 |  | 6850000 |
|  **Oregon – 0.2%** | **Oregon – 0.2%** | **Oregon – 0.2%** | **Oregon – 0.2%** | **Oregon – 0.2%** |
|  Oregon State Facilities Authority<br> (PeaceHealth Obligated Group)<br>Series 2018-B<br>3.80%, 08/01/2034<sup>(g)</sup> |  | 1750 |  | 1750000 |
|  **Other – 0.2%** | **Other – 0.2%** | **Other – 0.2%** | **Other – 0.2%** | **Other – 0.2%** |
|  Nuveen AMT-Free Municipal Credit Income Fund<br> (Nuveen AMT-Free Municipal Credit Income Fund)<br>Series 2019<br>3.18%, 03/01/2029<sup>(g)</sup> |  | 1000 |  | 1000000 |
|  Nuveen AMT-Free Quality Municipal Income Fund<br> (Nuveen AMT-Free Quality Municipal Income Fund)<br>Series 2021<br>3.18%, 03/01/2029<sup>(g)</sup> |  | 1000 |  | 1000000 |
|  |  |  |  | 2000000 |
|  **South Carolina – 1.0%** | **South Carolina – 1.0%** | **South Carolina – 1.0%** | **South Carolina – 1.0%** | **South Carolina – 1.0%** |
|  Berkeley County School District<br> (Berkeley County School District)<br>Series 2025-A<br>5.00%, 06/01/2026<sup>(c)</sup> |  | 2000 |  | 2036049 |
|  Clover School District No. 2<br> (Clover School District No. 2)<br>Series 2024<br>5.00%, 10/01/2025 |  | 4000 |  | 4007636 |
|  Orangeburg County School District<br> (Orangeburg County School District)<br>Series 2025<br>5.00%, 08/13/2026 |  | 2500 |  | 2557130 |
|  |  |  |  | 8600815 |
|  **Virginia – 0.4%** | **Virginia – 0.4%** | **Virginia – 0.4%** | **Virginia – 0.4%** | **Virginia – 0.4%** |
|  Hampton Roads Sanitation District<br> (Hampton Roads Sanitation District)<br>Series 2025-A<br>5.00%, 07/15/2026 |  | 3000 |  | 3062277 |

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| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Roanoke Economic Development Authority<br> (Carilion Clinic Obligated Group)<br>Series 2024<br>3.80%, 07/01/2052<sup>(g)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400000 |
|  |  |  |  | 3462277 |
|  **Wisconsin – 0.9%** | **Wisconsin – 0.9%** | **Wisconsin – 0.9%** | **Wisconsin – 0.9%** | **Wisconsin – 0.9%** |
|  Madison Metropolitan School District/WI<br> (Madison Metropolitan School District/WI)<br>Series 2024<br>4.00%, 09/02/2025 |  | 3500 |  | 3500000 |
|  Wisconsin Health & Educational Facilities Authority<br> (Medical College of Wisconsin)<br>Series 2023-B<br>3.90%, 12/01/2033<sup>(g)</sup> |  | 3935 |  | 3935000 |
|  |  |  |  | 7435000 |
|  Total Short-Term Municipal Notes <br>(cost $111,497,862) | Total Short-Term Municipal Notes <br>(cost $111,497,862) | Total Short-Term Municipal Notes <br>(cost $111,497,862) |  | 111580417 |
|  Total Municipal Obligations <br>(cost $832,143,299) | Total Municipal Obligations <br>(cost $832,143,299) | Total Municipal Obligations <br>(cost $832,143,299) |  | 838182327 |
|  **ASSET-BACKED SECURITIES – 0.7%** | **ASSET-BACKED SECURITIES – 0.7%** | **ASSET-BACKED SECURITIES – 0.7%** | **ASSET-BACKED SECURITIES – 0.7%** | **ASSET-BACKED SECURITIES – 0.7%** |
|  **Autos - Fixed Rate – 0.7%** | **Autos - Fixed Rate – 0.7%** | **Autos - Fixed Rate – 0.7%** | **Autos - Fixed Rate – 0.7%** | **Autos - Fixed Rate – 0.7%** |
|  Arivo Acceptance Auto Loan Receivables Trust<br>Series 2024-1A, Class A<br>6.46%, 04/17/2028<sup>(b)</sup> |  | 99 |  | 99692 |
|  Lendbuzz Securitization Trust<br>Series 2023-1A, Class A2<br>6.92%, 08/15/2028<sup>(b)</sup> |  | 307 |  | 311546 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2025-1A, Class A2<br>5.10%, 10/15/2030<sup>(b)</sup> |  | 2112 |  | 2123333 |
|  Santander Bank Auto Credit-Linked Notes<br>Series 2023-A, Class B<br>6.493%, 06/15/2033<sup>(b)</sup> |  | 31 |  | 31346 |
|  Tricolor Auto Securitization Trust<br>Series 2025-2A, Class A<br>5.12%, 01/16/2029<sup>(d)</sup> |  | 3644 |  | 3654479 |
|  Total Autos - Fixed Rate <br>(cost $6,193,014) | Total Autos - Fixed Rate <br>(cost $6,193,014) | Total Autos - Fixed Rate <br>(cost $6,193,014) |  | 6220396 |
|  **Other ABS - Fixed Rate – 0.0%** | **Other ABS - Fixed Rate – 0.0%** | **Other ABS - Fixed Rate – 0.0%** | **Other ABS - Fixed Rate – 0.0%** | **Other ABS - Fixed Rate – 0.0%** |
|  Dext ABS LLC<br>Series 2023-1, Class A2<br>5.99%, 03/15/2032<sup>(b)</sup> |  | 141 |  | 141914 |
|  Marlette Funding Trust<br>Series 2024-1A, Class A<br>5.95%, 07/17/2034<sup>(b)</sup> |  | 49 |  | 48866 |
|  Pagaya AI Debt Trust<br>Series 2024-1, Class A<br>6.66%, 07/15/2031<sup>(b)</sup> |  | 30 |  | 30693 |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** | **U.S. $ Value** |
|  Theorem Funding Trust<br>Series 2023-1A, Class A<br>7.58%, 04/15/2029<sup>(b)</sup> | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 | $| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5452 |
|  |  |  |  | 226925 |
|  Total Asset-Backed Securities <br>(cost $6,419,013) |  |  |  | 6447321 |
|  **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.2%** | **COLLATERALIZED MORTGAGE OBLIGATIONS – 0.2%** |
|  **Risk Share Floating Rate – 0.2%** | **Risk Share Floating Rate – 0.2%** | **Risk Share Floating Rate – 0.2%** | **Risk Share Floating Rate – 0.2%** | **Risk Share Floating Rate – 0.2%** |
|  Connecticut Avenue Securities Trust<br>Series 2024-R03, Class 2M1<br>5.50% (CME Term SOFR + 1.15%), 03/25/2044<sup>(a) (b)</sup> |  | 772 |  | 772350 |
|  Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes<br>Series 2023-DNA1, Class M1A<br>6.45% (CME Term SOFR + 2.10%), 03/25/2043<sup>(a) (b)</sup> |  | 566 |  | 574929 |
| &nbsp;&nbsp;&nbsp;&nbsp; Series 2023-DNA2, Class M1A<br>6.45% (CME Term SOFR + 2.10%), 04/25/2043<sup>(a) (b)</sup> |  | 299 |  | 303362 |
|  Total Collateralized Mortgage Obligations <br>(cost $1,636,348) |  |  |  | 1650641 |
|  **CORPORATES - INVESTMENT GRADE – 0.2%** | **CORPORATES - INVESTMENT GRADE – 0.2%** | **CORPORATES - INVESTMENT GRADE – 0.2%** | **CORPORATES - INVESTMENT GRADE – 0.2%** | **CORPORATES - INVESTMENT GRADE – 0.2%** |
|  **Industrial – 0.1%** | **Industrial – 0.1%** | **Industrial – 0.1%** | **Industrial – 0.1%** | **Industrial – 0.1%** |
|  **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** | **Consumer Non-Cyclical – 0.1%** |
|  Altria Group, Inc.<br>3.40%, 05/06/2030 |  | 215 |  | 206007 |
|  BAT Capital Corp.<br>4.906%, 04/02/2030 |  | 230 |  | 234131 |
|  Philip Morris International, Inc.<br>5.625%, 11/17/2029 |  | 250 |  | 263012 |
|  |  |  |  | 703150 |
|  **Technology – 0.0%** | **Technology – 0.0%** | **Technology – 0.0%** | **Technology – 0.0%** | **Technology – 0.0%** |
|  CDW LLC/CDW Finance Corp.<br>2.67%, 12/01/2026 |  | 370 |  | 362138 |
|  |  |  |  | 1065288 |
|  **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** | **Financial Institutions – 0.1%** |
|  **Banking – 0.0%** | **Banking – 0.0%** | **Banking – 0.0%** | **Banking – 0.0%** | **Banking – 0.0%** |
|  Citigroup, Inc.<br>Series AA<br>7.625%, 11/15/2028<sup>(h)</sup> |  | 184 |  | 193056 |
|  Wells Fargo & Co.<br>7.625%, 09/15/2028<sup>(h)</sup> |  | 27 |  | 28861 |
|  |  |  |  | 221917 |

---

------

---

| | | |
|:---|:---|:---|
| | **Principal**<br> **Amount**<br> **(000)** | **U.S. $ Value** |
|  **Finance – 0.1%** | **Finance – 0.1%** | **Finance – 0.1%** |
|  Aviation Capital Group LLC<br>1.95%, 01/30/2026<sup>(b)</sup> | $290 | $286668 |
|  Total Financial Institutions <br>(cost $495,498) |  | 508585 |
|  Total Corporates - Investment Grade <br>(cost $1,525,606) |  | 1573873 |
|  | **Shares** |  |
|  **SHORT-TERM INVESTMENTS – 1.7%** |  |  |
|  **Investment Companies – 0.9%** |  |  |
|  AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 4.14%<sup>(i) (j) (k)</sup> <br>(cost $7,843,638) | 7843638 | 7843638 |
|  | **Principal**<br>**Amount**<br>**(000)** |  |
|  **U.S. Treasury Bills – 0.8%** |  |  |
|  **United States – 0.8%** |  |  |
|  U.S. Treasury Bill<br>Zero Coupon, 11/06/2025<br>(cost $6,451,295) | $6500 | 6451941 |
|  Total Short-Term Investments <br>(cost $14,294,933) |  | 14295579 |
|  **Total Investments – 99.7%** <br> (cost $856,019,199)<sup>(l)</sup> | **Total Investments – 99.7%** <br> (cost $856,019,199)<sup>(l)</sup> | 862149741 |
|  Other assets less liabilities – 0.3% |  | 2697909 |
|  **Net Assets – 100.0%** | **Net Assets – 100.0%** | $**864847650** |

---

**CENTRALLY CLEARED CREDIT DEFAULT SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Description** | **Fixed<br>Rate<br>(Pay)<br>Receive** | **Payment<br>Frequency** | **Implied<br>Credit<br>Spread at<br>August 31,<br>2025** | **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | **Market<br>Value** | **Upfront<br>Premiums<br>Paid<br>(Received)** | **Unrealized<br>Appreciation<br>(Depreciation)** |
| **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** | **Buy Contracts** |
| &nbsp;&nbsp;&nbsp;&nbsp; CDX-NAHY Series 44, 5 Year Index, 6/20/2030\* | 5.00% | Quarterly | 3.21% | USD | 730 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(60101) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30235) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(29866) |

---

*\** *Termination date* 

------

**CENTRALLY CLEARED INFLATION (CPI) SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 6580 | 10/15/2028 | CPI# | 2.565% | Maturity | $(68579) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(68579) |
| USD | 6000 | 10/15/2029 | 2.485% | CPI# | Maturity | 77814 |  | 77814 |
| USD | 6000 | 10/15/2029 | 2.569% | CPI# | Maturity | 53566 |  | 53566 |
| USD | 4503 | 10/15/2029 | 2.516% | CPI# | Maturity | 51675 |  | 51675 |
| USD | 4499 | 10/15/2029 | 2.451% | CPI# | Maturity | 65654 |  | 65654 |
| USD | 4498 | 10/15/2029 | 2.499% | CPI# | Maturity | 55302 |  | 55302 |
| USD | 6920 | 10/15/2030 | CPI# | 2.531% | Maturity | (69676) |  | (69676) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165756 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165756 |

---

*#* *Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).* 

**CENTRALLY CLEARED INTEREST RATE SWAPS** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | **Rate Type** | **Rate Type** | | | | |
| **Notional<br>Amount<br>(000)** | **Notional<br>Amount<br>(000)** | <br>**Termination<br>Date** | **Payments<br>made<br>by the<br>Fund** | **Payments<br>received<br>by the<br>Fund** | <br>**Payment<br>Frequency<br>Paid/<br>Received** |<br>**Market<br>Value** |<br>**Upfront<br>Premiums<br>Paid<br>(Received)** |<br>**Unrealized<br>Appreciation<br>(Depreciation)** |
| USD | 15700 | 05/15/2026 | 1 Day SOFR | 4.202% | Annual | $21924 | $77 | $21847 |
| USD | 2336 | 10/15/2029 | 1 Day SOFR | 3.814% | Annual | 34353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 34353 |
| USD | 2500 | 10/15/2030 | 1 Day SOFR | 4.082% | Annual | 81862 |  | 81862 |
| USD | 5700 | 02/15/2035 | 1 Day SOFR | 3.304% | Annual | (124302) | 70 | (124372) |
|  |  |  |  |  |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13837 | $147 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13690 |

---

*(a)* *Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2025.* 

*(b)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At August 31, 2025, the aggregate market value of these securities amounted to $61,302,312 or 7.1% of net assets.* 

*(c)* *When-Issued or delayed delivery security.* 

*(d)* *Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.65% of net assets as of August 31, 2025, are considered illiquid and restricted. Additional information regarding such securities follows:* 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **144A/Restricted & Illiquid Securities** | **Acquisition<br>Date** | **Cost** | | **Market<br>Value** | | **Percentage<br>of<br>Net Assets** |
|  *Indiana Finance Authority <br>(Parkview Health System Obligated Group)<br>Series 2024-B <br>3.762%, 11/01/2046* | *06/24/2024* | $*2000000* | | $*1993068* | | *0.23%* |
|  *Tricolor Auto Securitization Trust<br>Series 2025-2A, Class A <br>5.12%, 01/16/2029* | *06/10/2025* | *3643481* | | *3654479* | | *0.42%* |

---

*(e)* *Non-income producing security.* 

*(f)* *Defaulted.* 

*(g)* *Variable Rate Demand Notes are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.* 

*(h)* *Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.* 

*(i)* *The rate shown represents the 7-day yield as of period end.* 

*(j)* *Affiliated investments.* 

------

*(k)* *To obtain a copy of the fund's shareholder report, please go to the Securities and Exchange Commission's website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.* 

*(l)* *As of August 31, 2025, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $7,516,539 and gross unrealized depreciation of investments was $(1,236,417), resulting in net unrealized appreciation of $6,280,122.* 

*As of August 31, 2025, the Fund's percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 5.2% and 0.0%, respectively.* 

*Glossary:* 

*ABS – Asset-Backed Securities* 

*AG – Assured Guaranty Inc.* 

*AMBAC – Ambac Assurance Corporation* 

*AMT – Alternative Minimum Tax (subject to)* 

*BAM – Build American Mutual* 

*CME – Chicago Mercantile Exchange* 

*COP – Certificate of Participation* 

*CPI – Consumer Price Index* 

*ID – Improvement District* 

*MUNIPSA – SIFMA Municipal Swap Index* 

*NATL – National Interstate Corporation* 

*OSF – Order of St. Francis* 

*SOFR – Secured Overnight Financing Rate* 

*UPMC – University of Pittsburgh Medical Center* 

------

**AB Active ETFs, Inc.** 

**AB Tax-Aware Short Duration Municipal ETF** 

**August 31, 2025 (unaudited)** 

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund's own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - quoted prices in active markets for identical investments

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates,
prepayment speeds, credit risk, etc.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of
investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

------

The following table summarizes the valuation of the Fund's investments by the above fair value hierarchy levels as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Securities:** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Long-Term Municipal Bonds | $— | $726601910 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $726601910 |
| Short-Term Municipal Notes |  | 111580417 |  | 111580417 |
| Asset-Backed Securities |  | 6447321 |  | 6447321 |
| Collateralized Mortgage Obligations |  | 1650641 |  | 1650641 |
| Corporates - Investment Grade |  | 1573873 |  | 1573873 |
| Short-Term Investments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investment Companies | 7843638 |  |  | 7843638 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U.S. Treasury Bills |  | 6451941 |  | 6451941 |
| Total Investments in Securities | 7843638 | 854306103 |  | 862149741 |
| **Other Financial Instruments<sup>(a)</sup>:** |  |  |  |  |
| **Assets:** | **Assets:** | **Assets:** | **Assets:** | **Assets:** |
| Centrally Cleared Inflation (CPI) Swaps |  | 304011 |  | 304011 |
| Centrally Cleared Interest Rate Swaps |  | 138139 |  | 138139 |
| **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** | **Liabilities:** |
| Centrally Cleared Credit Default Swaps |  | (60101) |  | (60101) |
| Centrally Cleared Inflation (CPI) Swaps |  | (138255) |  | (138255) |
| Centrally Cleared Interest Rate Swaps |  | (124302) |  | (124302) |
| **Total** | $**7843638** | $**854425595** | $**—** | $**862269233** |

---

*<sup>(a)</sup>* *Other financial instruments include derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.* 

A summary of the Fund's transactions in AB mutual funds for the nine months ended August 31, 2025 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Market Value**<br> **11/30/2024**<br> **(000)** | **Purchases**<br> **at Cost**<br> **(000)** | **Sales**<br> **Proceeds**<br> **(000)** | **Market Value**<br> **08/31/2025**<br> **(000)** | **Dividend**<br> **Income**<br> **(000)** |
| AB Government Money Market Portfolio | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;350977 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343271 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7844 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;423 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AB Active ETFs, Inc.

- **b. Investment Company Act file number:** 811-23799

- **c. CIK number of Registrant:** 0001496608

- **d. LEI of Registrant:** 2549006ZG5WBMZRI5P66

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

  - **Street Address 1:** ALLIANCEBERNSTEIN LP

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10001

  - **Telephone number:** 212-969-1000

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

- **a. Name of Series:** AB Tax-Aware Short Duration Municipal ETF

- **b. EDGAR series identifier (if any):** S000076879

- **c. LEI of Series:** 254900DPOGNO77XEUY82

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $873493785.55

**Total Liabilities:** $8645356.39

**Net Assets:** $864848429.16

**Delayed Delivery Securities:** $8412200.30

**Cash Not Reported:** $391095.81

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -4149.71000000 | **1-Year:** -47268.42000000 | **5-Year:** -92443.34000000 | **10-Year:** -53662.32000000 | **30-Year:** -23734.77000000

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

- **3-Month:** -513.41000000 | **1-Year:** -6022.21000000 | **5-Year:** -11433.24000000 | **10-Year:** -6282.32000000 | **30-Year:** -207.31000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237018 | 0.66%                | 0.47%                | 0.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $52291.32                | $3033581.00                                |
| Month 2  | $2886.27                 | $1466506.27                                |
| Month 3  | $11871.37                | $2786756.49                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal 1-5 Year Bond Index

- **Index Identifier:** I10588US

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3047277.60   | 0.35%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2203881.56   | 0.25%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584YTA7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    870000 | PA      | $933787.97    | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHK1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073204.10   | 0.12%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                 | CUSIP: 87638TJT1<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2166439.40   | 0.25%             | 2064-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Municipal Airport Trust Trustees/OK                                        | TULSA OK MUNI ARPT TRUST TRUSTEES                                                                                                  | CUSIP: 899661EM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104213.40   | 0.13%             | 2035-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFR2<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1882229.48   | 0.22%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2419996.61   | 0.28%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015917.80   | 0.12%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD                                                                        | CUSIP: 592041ZX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061703.20   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                            | GUILFORD CNTY NC                                                                                                                   | CUSIP: 401784H22<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3031213.50   | 0.35%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571878.95   | 0.18%             | 2034-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444452P3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2239776.23   | 0.26%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TAF4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1212365.16   | 0.14%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389C97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2252200.55   | 0.26%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1101340.16   | 0.13%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HAH6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599294.90   | 0.18%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP REVENUE                                                                                                               | CUSIP: 67756CCW6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1096166.78   | 0.13%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521522M2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2133388.20   | 0.25%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30EP8   IRS USD R F  2.56500 IS30EP8 CCPINFLATIONZERO / Short: SS30EP8   IRS USD P V 12MUSCPI IS30EQ9 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6580000 | OU      | $-68579.13    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                                                                                                    | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2645000 | PA      | $2776605.94   | 0.32%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452153JH3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015422.20   | 0.12%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                           | LOS ANGELES CA                                                                                                                     | CUSIP: 544351SF7<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5120452.50   | 0.59%             | 2026-06-25      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AUTH REVENUE                                                                                                    | CUSIP: 84129NKG3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1280512.85   | 0.15%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261A4P9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1680897.30   | 0.19%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTHSOL WST DISP FAC REVENUE                                                                              | CUSIP: 54640TAK5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1904165.94   | 0.22%             | 2043-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                               | MARYLAND ST ECON DEV CORP PRIV ACTIVITY REVENUE                                                                                    | CUSIP: 57422JBH0<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029182.20   | 0.35%             | 2028-11-12      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                          | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                                                                                       | CUSIP: 39081JBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1069091.10   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NUVEEN AMT-FREE QUALITY MUNICIPAL INCOME FUND                                    | Nuveen AMT-Free Quality Municipal Income Fund                                                                                      | CUSIP: 670657774<br>LEI: 549300OTYQOOXS64NI63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.12%             | 2029-03-01      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE                                                                           | CUSIP: 64972GQW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1416602.61   | 0.16%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                            | MEDFORD OR HOSP FACS AUTH REVENUE                                                                                                  | CUSIP: 584283GK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045340.70   | 0.12%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                                      | FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE                                                                              | CUSIP: 34077UAM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004322.80   | 0.12%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452152Q61<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2053983.60   | 0.24%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3057892.50   | 0.35%             | 2052-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4189728.40   | 0.48%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                                                                                      | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008203.00   | 0.12%             | 2029-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3737963.60   | 0.43%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2191269.00   | 0.25%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966QAA8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    950000 | PA      | $950000.00    | 0.11%             | 2048-03-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| ALTRIA GROUP INC                                                                 | Altria Group Inc                                                                                                                   | CUSIP: 02209SBJ1<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    215000 | PA      | $206006.55    | 0.02%             | 2030-05-06      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                                                                                         | CUSIP: 70869PJU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4055322.00   | 0.47%             | 2027-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 7353893K2<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2131041.00   | 0.25%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001868.30   | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fayette County Development Authority                                             | FAYETTE CNTY GA DEV AUTH REVENUE                                                                                                   | CUSIP: 31222PAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1200906.19   | 0.14%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063CZ86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1528133.10   | 0.18%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DEC4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2153973.40   | 0.25%             | 2054-04-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE                                                                           | CUSIP: 79574CBV4<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067685.40   | 0.24%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scranton School District/PA                                                      | SCRANTON PA SCH DIST                                                                                                               | CUSIP: 810827XB6<br>LEI: 549300SDNGI3OKNOUW62 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050692.80   | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                                            | CUSIP: 438687JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1075015.10   | 0.12%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester NY                                                             | ROCHESTER NY                                                                                                                       | CUSIP: 771694RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3041514.00   | 0.35%             | 2026-07-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                                                                                      | CUSIP: 594615FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1802099.42   | 0.21%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647FY2<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044932.50   | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1076128.83   | 0.12%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31F03   IRS USD R V 12MUSCPI IS31F14 CCPINFLATIONZERO / Short: BS31F03   IRS USD P F  2.48500 IS31F03 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6000000 | OU      | $77814.06     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261ANG8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2059010.98   | 0.24%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                                                                                           | CUSIP: 19645URD8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $999957.20    | 0.12%             | 2034-04-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                         | WASHINGTON TWP CA HLTH CARE DIST REVENUE                                                                                           | CUSIP: 940204GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $696775.69    | 0.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RNN7<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.16%             | 2041-07-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                                                                                                    | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989824.70    | 0.11%             | 2047-11-15      | Floating      | 3.43%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                        | HARRIS CNTY TX INDL DEV CORP                                                                                                       | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2008551.00   | 0.23%             | 2050-11-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                           | DETROIT MI DOWNTOWN DEV AUTH TAX INCREMENT REVENUE                                                                                 | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |    890000 | PA      | $899236.78    | 0.10%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE                                                                                | CUSIP: 677581GW4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019192.20   | 0.12%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                                                                                             | CUSIP: 472682ZD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1100794.69   | 0.13%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048VBM9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038000.00   | 0.12%             | 2029-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4175000 | PA      | $4252667.11   | 0.49%             | 2030-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Sports Entertainment Facilities Revenue               | MARYLAND STADIUM AUTH SPORTS ENTERTAINMENT FACS REV                                                                                | CUSIP: 57430ABH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2175191.40   | 0.25%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085968.20   | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                                | NEWARK NJ                                                                                                                          | CUSIP: 650367PP4<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1354668.60   | 0.16%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $990927.14    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                                                                                        | CUSIP: 45528VBE8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1085786.50   | 0.13%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                                | CUSIP: 45470CAE9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $490375.15    | 0.06%             | 2030-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445W70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1705077.58   | 0.20%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                                                                                          | CUSIP: 74265L2Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2239393.60   | 0.26%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PG90<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016099.80   | 0.12%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santander Bank Auto Credit-Linked Notes                                          | Santander Bank Auto Credit-Linked Notes Series 2023-A                                                                              | CUSIP: 80290CBU7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     31257 | PA      | $31345.90     | 0.00%             | 2033-06-15      | Fixed         | 6.49%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                   | ALLEN CNTY OH HOSP FACS REVENUE                                                                                                    | CUSIP: 01757LHC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2234508.20   | 0.26%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                             | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE                                                                          | CUSIP: 606092PT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101047.20   | 0.13%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 4521525J6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    685000 | PA      | $745251.16    | 0.09%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                                                                                               | CUSIP: 6069014P8<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2330000.00   | 0.27%             | 2035-10-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                  | PORT OF OAKLAND CA                                                                                                                 | CUSIP: 735000VE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1562077.20   | 0.18%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                                                                                                     | CUSIP: 20772KEL9<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001769.40   | 0.23%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647HM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2133922.40   | 0.25%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                               | CUSIP: 155498KD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1539764.79   | 0.18%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602RFC4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6700000.00   | 0.77%             | 2031-01-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD CT HSG AUTH                                                                                                               | CUSIP: 852640AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2042281.40   | 0.24%             | 2032-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of Phoenix Arizona/The              | PHOENIX AZ INDL DEV AUTH LEASE REVENUE                                                                                             | CUSIP: 71885MAP7<br>LEI: 549300A62PWFBDWB8332 | Long             | DBT              | MUN               | US        |    900000 | PA      | $899019.09    | 0.10%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                                                                                | CUSIP: 167560TK7<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |    850000 | PA      | $871777.00    | 0.10%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS30759   IRS USD R V 12MUSCPI IS30760 CCP INFLATION ZERO / Short: BS30759   IRS USD P F  2.45000 BS30759 CCP INFLATION ZERO | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4499000 | OU      | $65653.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 5444457J2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018029.20   | 0.12%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723HC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1807944.08   | 0.21%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366C79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036984.80   | 0.12%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392274Y75<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001820.80   | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                                   | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2119311.80   | 0.25%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH DOCK & WHARF FAC REVENUE                                                                               | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1535823.90   | 0.18%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                             | CUSIP: 613603YM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060419.90   | 0.12%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                                                                                                   | CUSIP: 114894YA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2128764.23   | 0.25%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1593558.15   | 0.18%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI Sewerage System Revenue                                     | MILWAUKEE WI SEWERAGE REVENUE                                                                                                      | CUSIP: 60242MDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $353223.82    | 0.04%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GGC0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1529113.80   | 0.18%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B7F9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    750000 | PA      | $801644.03    | 0.09%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1881000 | PA      | $1846270.16   | 0.21%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1108000 | PA      | $1145653.83   | 0.13%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Memphis-Shelby County Airport Authority                                          | MEMPHIS-SHELBY CNTY TN ARPT AUTH ARPT REVENUE                                                                                      | CUSIP: 586111PE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1425085.88   | 0.16%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PG58<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $900478.40    | 0.10%             | 2038-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 8371516C8<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1972649.45   | 0.23%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182QL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3594161.68   | 0.42%             | 2035-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 626207Q49<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1857604.48   | 0.21%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CIVICVentures/AK                                                                 | CIVICVENTURES AK                                                                                                                   | CUSIP: 178860BN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.17%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97710BDK5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   3935000 | PA      | $3935000.00   | 0.45%             | 2033-12-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                              | CUSIP: 5444954L5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1613370.66   | 0.19%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Harbor System Revenue                                            | HAWAII ST HARBOR SYS REVENUE                                                                                                       | CUSIP: 41981THF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2281144.33   | 0.26%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GFX5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054493.20   | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arivo Acceptance Auto Loan Receivables Trust                                     | Arivo Acceptance Auto Loan Receivables Trust 2024-1                                                                                | CUSIP: 039943AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98837 | PA      | $99692.22     | 0.01%             | 2028-04-17      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                                                                                              | CUSIP: 592250FG4<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047943.00   | 0.12%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFS0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085330.20   | 0.24%             | 2055-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182PH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $702389.87    | 0.08%             | 2031-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| AVIATION CAPITAL GROUP                                                           | Aviation Capital Group LLC                                                                                                         | CUSIP: 05369AAK7<br>LEI: 549300ODEK8HY3445C77 | Long             | DBT              | CORP              | US        |    290000 | PA      | $286667.90    | 0.03%             | 2026-01-30      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL                                                                                                                 | CUSIP: 59333FTT7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1056938.48   | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295ZZ5<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.12%             | 2048-03-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ECON DEV AUTH                                                                                                        | CUSIP: 95649DAG3<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2897674.22   | 0.34%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182KY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005165.40   | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Regional Off-Track Betting Corp                                          | SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                                                                                         | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526677.50   | 0.18%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                                                                                       | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1938668.94   | 0.22%             | 2054-10-01      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Dext ABS                                                                         | Dext ABS 2023-1 LLC                                                                                                                | CUSIP: 25216BAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    141259 | PA      | $141914.34    | 0.02%             | 2032-03-15      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| County of St Louis MO                                                            | SAINT LOUIS CNTY MO SPL OBLG                                                                                                       | CUSIP: 791526QH2<br>LEI: 5493003TZLKXNN2MGO51 | Long             | DBT              | MUN               | US        |    755000 | PA      | $780626.89    | 0.09%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| La Paz County Industrial Development Authority                                   | LA PAZ CNTY AZ INDL DEV AUTH EDU FAC LEASE REVENUE                                                                                 | CUSIP: 50376FAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100586.63   | 0.13%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160TW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1895036.80   | 0.22%             | 2027-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1696984.90   | 0.20%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                                                                                                 | CUSIP: 432308V50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2510915.90   | 0.29%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VZM9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1339899.16   | 0.15%             | 2028-08-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $950702.24    | 0.11%             | 2031-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584XJX0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1313850.67   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HLTH FAC REVENUE                                                                                               | CUSIP: 45471CCS5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1993067.60   | 0.23%             | 2046-11-01      | Floating      | 3.76%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RDH1<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350000.00    | 0.04%             | 2038-02-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                                                                                                    | CUSIP: 64577XEK8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1396378.26   | 0.16%             | 2027-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS31TF6   IRS USD R F  4.08200 IS31TF6 CCPOIS / Short: SS31TF6   IRS USD P V 00MSOFR IS31TG7 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2500000 | OU      | $81862.38     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlantic County Improvement Authority/The                                        | ATLANTIC CNTY NJ IMPT AUTH REVENUE                                                                                                 | CUSIP: 048506CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2457161.52   | 0.28%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE                                                                               | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1418263.48   | 0.16%             | 2050-09-01      | Floating      | 2.75%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BDA3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002141.50   | 0.12%             | 2029-12-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority  | CUMBERLAND CNTY NC INDL FACS & POLL CONTROL FING AUTH SOL WS                                                                       | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000420.40   | 0.23%             | 2027-12-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH REVENUE                                                                                                       | CUSIP: 63607YCL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1616570.29   | 0.19%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization Trust                                               | Tricolor Auto Securitization Trust                                                                                                 | CUSIP: 89617QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3643607 | PA      | $3654478.81   | 0.42%             | 2029-01-16      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JNN9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066008.40   | 0.12%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063EDB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $2082511.81   | 0.24%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp for Pickens School District                    | SCAGO SC EDUCTNL FACS CORP FOR PICKENS SCH DIST                                                                                    | CUSIP: 80585TCF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501907.25   | 0.17%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON ST FACS AUTH REVENUE                                                                                                        | CUSIP: 68608JXF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1750000.00   | 0.20%             | 2034-08-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBR7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547822.10   | 0.18%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                                                                                         | CUSIP: 800766LC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $792396.15    | 0.09%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389D70<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1023010.42   | 0.12%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                   | CUSIP: 57421CGC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.03%             | 2046-06-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389F52<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033392.60   | 0.12%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SEWAGE SLUDGE DISP REVENU                                                                       | CUSIP: 70870FAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1223113.56   | 0.14%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001730.30   | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO ST EDUCTNL & CULTURAL FACS AUTH REVENUE                                                                                   | CUSIP: 19645RPQ8<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    775000 | PA      | $775000.00    | 0.09%             | 2039-01-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JNK5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1666964.55   | 0.19%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 6262074S0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $538116.90    | 0.06%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | N TX TOLLWAY AUTH REVENUE                                                                                                          | CUSIP: 66285WSG2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008457.60   | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD                                                                                                                 | CUSIP: 6133407D4<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1550275.97   | 0.18%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                                                                                      | CUSIP: 140427BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527789.30   | 0.18%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU                                                                       | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1435526.66   | 0.17%             | 2027-09-15      | Floating      | 3.94%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                                                                                       | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1997944.20   | 0.23%             | 2039-09-01      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WEST VIRGINIA ST ECON DEV AUTH SOL WST DISP FACS                                                                                   | CUSIP: 95648VBS7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027177.00   | 0.35%             | 2040-03-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GTD4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003389.30   | 0.12%             | 2048-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                                                                                       | CUSIP: 04780TEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2181437.00   | 0.25%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $807835.04    | 0.09%             | 2030-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                                                                                         | CUSIP: 735389ZQ4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1302694.85   | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1904206.98   | 0.22%             | 2030-12-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584XT35<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1248640.20   | 0.14%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APR2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    630000 | PA      | $632769.23    | 0.07%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WR97<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1606695.53   | 0.19%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND                                                                               | CUSIP: 88285ACN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030165.10   | 0.12%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B8A9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    900000 | PA      | $920371.50    | 0.11%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hoboken NJ                                                               | HOBOKEN NJ                                                                                                                         | CUSIP: 434110XP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007325.10   | 0.12%             | 2026-03-10      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garden State Preservation Trust                                                  | GARDEN ST PRESERVATION TRUST NJ OPEN SPACE & FARMLAND PRESER                                                                       | CUSIP: 365418BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2662282.57   | 0.31%             | 2028-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Sumter County Utility Dependent District                                   | N SUMTER CNTY FL UTILITY DEPENDENT DIST UTILITY REVENUE                                                                            | CUSIP: 66272RAV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $921400.74    | 0.11%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                          | MONTGOMERY CNTY OH HOSP REVENUE                                                                                                    | CUSIP: 613520LQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6850000.00   | 0.79%             | 2045-11-15      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                  | CUSIP: 414009RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000661.40   | 0.23%             | 2049-07-01      | Floating      | 3.58%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DWG0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2686304.75   | 0.31%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wichita KS                                                               | WICHITA KS                                                                                                                         | CUSIP: 967245J36<br>LEI: 549300Y20JVN3VP2V718 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4006566.80   | 0.46%             | 2025-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                                                                                                   | CUSIP: 79467BBZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2153120.00   | 0.25%             | 2031-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH INS                                                                        | CUSIP: 546275AE8<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    665000 | PA      | $692032.65    | 0.08%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505SL1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017052.20   | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DRP6<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1586908.96   | 0.18%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2637089.50   | 0.30%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Oyster Bay NY                                                            | OYSTER BAY NY                                                                                                                      | CUSIP: 692160VE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4670000 | PA      | $4734559.48   | 0.55%             | 2026-08-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1050549.92   | 0.12%             | 2026-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                                                                                        | CUSIP: 64966SPV2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2141707.60   | 0.25%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | PRINCE GEORGES CNTY MD                                                                                                             | CUSIP: 7417014W3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1581025.80   | 0.18%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE                                                                             | CUSIP: 939783YX8<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1242750.37   | 0.14%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                                                                                          | CUSIP: 6262074A9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1266246.96   | 0.15%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEC7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2928489.58   | 0.34%             | 2055-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE                                                                           | CUSIP: 130536LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016373.80   | 0.12%             | 2038-11-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Reynoldsburg City School District                                                | REYNOLDSBURG OH CITY SCH DIST                                                                                                      | CUSIP: 761852GC0<br>LEI: 5493008FQ0C4VK7NRG77 | Long             | DBT              | MUN               | US        |    800000 | PA      | $824562.56    | 0.10%             | 2030-09-01      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2142926.80   | 0.25%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048TTL7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000195.50   | 0.12%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS2Y6E4   IRS USD R F  4.20200 IS2Y6E4 CCPOIS / Short: SS2Y6E4   IRS USD P V 00MSOFR IS2Y6F5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |  15700000 | OU      | $21923.63     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV                                                                           | CUSIP: 79766DSL4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555793.10   | 0.18%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                               | ILLINOIS ST MUNI ELEC AGY PWR SPLY                                                                                                 | CUSIP: 452024JG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035008.80   | 0.12%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado State Education Loan Program                                            | COLORADO ST EDUC LOAN PROGRAM                                                                                                      | CUSIP: 19672MDG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4746450.30   | 0.55%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366Y42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1131602.56   | 0.13%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57584Y7K9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110521.50   | 0.13%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WS39<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2614235.25   | 0.30%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp                                         | GOLDEN ST TOBACCO SECURITIZATION CORP CA TOBACCO SETTLEMENT                                                                        | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2060000 | PA      | $1855261.13   | 0.21%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532EF7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1172518.71   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE                                                                             | CUSIP: 837032BJ9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3522736.76   | 0.41%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Board of Higher Education                                                   | UTAH ST BRD OF RGTS REVENUE                                                                                                        | CUSIP: 91754RBW6<br>LEI: 549300SAYC054T80UK17 | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1523182.46   | 0.18%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Adams & Weld Counties School District No 27J Brighton/CO                         | ADAMS & WELD CNTYS CO SCH DIST #27J BRIGHTON                                                                                       | CUSIP: 005518VY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1487202.60   | 0.17%             | 2027-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | FLORIDA ST MUNI PWR AGY                                                                                                            | CUSIP: 342816T88<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1130237.46   | 0.13%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                                                                                                    | CUSIP: 70914P2W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1576652.25   | 0.18%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH SURFACE FREIGHT TRANSFER FACS REVENUE                                                                            | CUSIP: 45203PAC8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000686.00   | 0.12%             | 2043-12-01      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461362B6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1106273.60   | 0.13%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Venice FL                                                                | VENICE FL                                                                                                                          | CUSIP: 922687AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $903312.09    | 0.10%             | 2030-01-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000B6S2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096964.80   | 0.13%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Kentucky University                                                      | WSTRN KY UNIV                                                                                                                      | CUSIP: 9585193S7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1660000.00   | 0.19%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clover School District No 2                                                      | CLOVER SC SCH DIST #2                                                                                                              | CUSIP: 189152HB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4007636.00   | 0.46%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1725396.23   | 0.20%             | 2055-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                              | Freddie Mac STACR REMIC Trust 2023-DNA2                                                                                            | CUSIP: 35564KT58<br>LEI: 5493000IRI80KQJUNK40 | Long             | ABS-MBS          | USGSE             | US        |    298511 | PA      | $303361.95    | 0.04%             | 2043-04-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525UX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $786003.74    | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust                                                           | Marlette Funding Trust 2024-1                                                                                                      | CUSIP: 57108VAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48839 | PA      | $48865.91     | 0.01%             | 2034-07-17      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                                                                                                | CUSIP: 13048VBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1526449.20   | 0.18%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043535.20   | 0.24%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Los Angeles CA                                                         | LOS ANGELES CNTY CA                                                                                                                | CUSIP: 544657JC4<br>LEI: 254900NGUPWO7FB6II89 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537097.70   | 0.18%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mid-Bay Bridge Authority                                                         | FLORIDA ST MID-BAY BRIDGE AUTH                                                                                                     | CUSIP: 342814DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1637883.98   | 0.19%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                                                                                       | CUSIP: 602366W28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1789492.33   | 0.21%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                                | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                                                                                         | CUSIP: 409327MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3062277.00   | 0.35%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue                  | ARIZONA ST TRANSPRTN BRD HIGHWAY REVENUE                                                                                           | CUSIP: 040654XD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2611867.56   | 0.30%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Collier County Industrial Development Authority                                  | COLLIER CNTY FL INDL DEV AUTH                                                                                                      | CUSIP: 194641BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2179507.40   | 0.25%             | 2054-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | UNIV OF HOUSTON TX UNIV REVENUES                                                                                                   | CUSIP: 914302FX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038543.20   | 0.12%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                                                                                       | CUSIP: 717817WJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1323240.55   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5298326.00   | 0.61%             | 2054-05-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XCQ3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3951280.20   | 0.46%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275AV5<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1125756.42   | 0.13%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30FB1   IRS USD R F  2.53125 IS30FB1 CCPINFLATIONZERO / Short: SS30FB1   IRS USD P V 12MUSCPI IS30FC2 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6920000 | OU      | $-69675.75    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE                                                                                | CUSIP: 593338AX4<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014718.90   | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005689.90   | 0.12%             | 2050-03-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | COLORADO ST HSG FIN AUTH MF HSG REVENUE                                                                                            | CUSIP: 19647PDX8<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3036204.30   | 0.35%             | 2044-07-01      | Floating      | 3.38%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                                                                                          | CUSIP: 837151PQ6<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514056.95   | 0.18%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Industrial Development Authority                                | PORT BEAUMONT TX INDL DEV AUTH                                                                                                     | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1608567.30   | 0.19%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Tahoe-Douglas Visitors Authority                                                 | TAHOE-DOUGLAS VISITORS AUTH NV STATELINE REVENUE                                                                                   | CUSIP: 873816AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055160.80   | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227RN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $625483.73    | 0.07%             | 2028-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063526.90   | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                             | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE                                                                              | CUSIP: 43233KAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6350000.00   | 0.73%             | 2038-11-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA REVENUE                                                                                                           | CUSIP: 25483VZG2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1497684.87   | 0.17%             | 2026-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WW3<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4009054.00   | 0.46%             | 2028-07-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE                                                                            | CUSIP: 64578JBH8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1299137.66   | 0.15%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                                                                                                     | CUSIP: 4140055E4<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053412.70   | 0.12%             | 2027-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN                                                                        | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2130519.80   | 0.25%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896SC0<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1163638.78   | 0.13%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DISTRICT OF COLUMBIA REVENUE                                                                                                       | CUSIP: 254839RX3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1210000.00   | 0.14%             | 2038-08-15      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 735240L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024230.00   | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE                                                                                    | CUSIP: 544525XW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1225815.02   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                                                                                      | CUSIP: 452252NB1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008603.90   | 0.12%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647FH9<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1108314.57   | 0.13%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen AMT-Free Municipal Credit Income Fund                                     | Nuveen AMT-Free Municipal Credit Income Fund                                                                                       | CUSIP: 67071L825<br>LEI: 549300LBMO1C0IG71T03 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.12%             | 2029-03-01      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                                                                                      | CUSIP: 790103AU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1599595.35   | 0.18%             | 2038-06-01      | Floating      | 6.10%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 7352402C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1104695.04   | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                                                                                      | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058524.90   | 0.12%             | 2054-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3162161.10   | 0.37%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS34KI5   IRS USD R V 00MSOFR IS34KJ6 CCPOIS / Short: BS34KI5   IRS USD P F  3.94800 IS34KI5 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   5700000 | OU      | $-124302.05   | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                                                                                        | CUSIP: 89602N7M0<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1242716.74   | 0.14%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1682153.86   | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Private Activity Bond Surface Transportation Corp                          | TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE                                                                         | CUSIP: 882667AP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071228.20   | 0.12%             | 2030-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NBY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1160660.42   | 0.13%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH NATURAL GAS PROJ REVENUE                                                                                  | CUSIP: 842471AY0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062774.20   | 0.12%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Valparaiso IN                                                            | VALPARAISO IN EXEMPT FACS REVENUE                                                                                                  | CUSIP: 92028RAD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $850117.42    | 0.10%             | 2034-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                                                                                       | CUSIP: 6450205L8<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1918709.25   | 0.22%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp                                                       | TROY NY CAPITAL RESOURCE CORP REVENUE                                                                                              | CUSIP: 897579BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1348568.55   | 0.16%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mid-Bay Bridge Authority                                                         | FLORIDA ST MID-BAY BRIDGE AUTH                                                                                                     | CUSIP: 342814DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1251750.00   | 0.14%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JFW1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087025.70   | 0.13%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS309H5   IRS USD R V 12MUSCPI IS309I6 CCPINFLATIONZERO / Short: BS309H5   IRS USD P F  2.51600 IS309H5 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4503000 | OU      | $51674.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Tobacco Settlement Finance Authority                                             | TOBACCO SETTLEMENT FIN AUTH WV ASSET BACKED                                                                                        | CUSIP: 88880LAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $211813.35    | 0.02%             | 2049-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Green Lake Township Economic Development Corp                                    | GREEN LAKE TWP MI ECON DEV CORP                                                                                                    | CUSIP: 393096AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4200000.00   | 0.49%             | 2034-06-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                          | UNIV OF MINNESOTA MN                                                                                                               | CUSIP: 914460QA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1057709.20   | 0.12%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WG8<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    500000 | PA      | $477060.30    | 0.06%             | 2038-12-01      | Floating      | 2.40%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO                                                                                | CUSIP: 167560SZ5<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2689074.47   | 0.31%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | BROWARD CNTY FL ARPT SYS REVENUE                                                                                                   | CUSIP: 114894VW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $931647.40    | 0.11%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                                                                                         | CUSIP: 2510933E8<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010629.00   | 0.12%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505WP7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1617655.88   | 0.19%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE                                                                                     | CUSIP: 645790FR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2404985.81   | 0.28%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | MICHIGAN ST HOSP FIN AUTH                                                                                                          | CUSIP: 59465HVS2<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2060415.80   | 0.24%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE                                                                                  | CUSIP: 09182TCT2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020098.40   | 0.12%             | 2049-06-01      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                                        | CUSIP: 121342QE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2258839.35   | 0.26%             | 2032-10-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Jersey City NJ                                                           | JERSEY CITY NJ                                                                                                                     | CUSIP: 476576VT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505890.25   | 0.29%             | 2025-10-22      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                                                                                          | CUSIP: 544445CQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3491098.42   | 0.40%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261APZ4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $1953874.47   | 0.23%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                                                                                               | CUSIP: 62620HKE1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089997.70   | 0.13%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                                                                                      | CUSIP: 452227UF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1957925.27   | 0.23%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532AU8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2087073.00   | 0.24%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                                                              | Freddie Mac STACR REMIC Trust 2023-DNA1                                                                                            | CUSIP: 35564KP37<br>LEI: 5493000IRILHAKSCHN59 | Long             | ABS-MBS          | USGSE             | US        |    565968 | PA      | $574929.46    | 0.07%             | 2043-03-25      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                           | ROANOKE VA ECON DEV AUTH HOSPREVENUE                                                                                               | CUSIP: 770082BB0<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.05%             | 2052-07-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 59333MW68<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523270.85   | 0.18%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275EP4<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045759.40   | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Housing Finance Corp                                               | HARRIS CNTY TX HSG FIN CORP                                                                                                        | CUSIP: 414158TQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500108.25   | 0.29%             | 2043-09-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                                                                                          | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2899429.50   | 0.34%             | 2056-04-01      | Floating      | 3.14%                 | No            |                  2 | On Loan: No      |
| Goose Creek Consolidated Independent School District                             | GOOSE CREEK TX CONSOL INDEP SCH DIST                                                                                               | CUSIP: 382604Q33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021681.00   | 0.23%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO IL BRD OF EDU                                                                                                              | CUSIP: 167505VX1<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041817.50   | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    756000 | PA      | $755645.36    | 0.09%             | 2035-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Madison Metropolitan School District/WI                                          | MADISON WI MET SCH DIST                                                                                                            | CUSIP: 558495QH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.40%             | 2025-09-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525XA0<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503249.00   | 0.17%             | 2028-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX                                                                            | CUSIP: 89602HHY6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3734377.15   | 0.43%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE                                                                                   | CUSIP: 574217V28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2545000 | PA      | $2545000.00   | 0.29%             | 2041-07-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Buckeye Tobacco Settlement Financing Authority                                   | BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                                                                                            | CUSIP: 118217CJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1493984.68   | 0.17%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1692464.00   | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                                                                                               | CUSIP: 57585BDE5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1127804.05   | 0.13%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFC3<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065603.80   | 0.12%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp for Pickens School District                    | SCAGO SC EDUCTNL FACS CORP FOR PICKENS SCH DIST                                                                                    | CUSIP: 80585TCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001164.40   | 0.12%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                                 | CUSIP: 59335KEM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1231542.19   | 0.14%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                                                                                       | CUSIP: 725304TT6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1045000.00   | 0.12%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CNTY HI                                                                                                            | CUSIP: 438670Y62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1042091.02   | 0.12%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                             | NEWPORT MESA CA UNIF SCH DIST                                                                                                      | CUSIP: 652113UQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1698785.80   | 0.20%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA                                                                                                                   | CUSIP: 25476FRJ9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2547814.00   | 0.29%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                                                            | Wells Fargo & Co                                                                                                                   | CUSIP: 95002YAA1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     27000 | PA      | $28860.84     | 0.00%             | 2028-09-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                                                                                             | CUSIP: 613603YN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1579149.00   | 0.18%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                                                                                      | CUSIP: 93974DX29<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046453.50   | 0.12%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                                                                                            | CUSIP: 04780MR92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041345.00   | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DR57<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    650000 | PA      | $710207.81    | 0.08%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 65000BMN5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962066.50    | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Brevard FL                                                             | BREVARD CNTY FL LOCAL OPTION FUEL TAX REVENUE                                                                                      | CUSIP: 10741MBM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1477212.66   | 0.17%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                     | CUSIP: 74447TAF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1838000 | PA      | $1838046.87   | 0.21%             | 2032-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                     | CUSIP: 09182NBX7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    650000 | PA      | $651463.28    | 0.08%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261ANL7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2165265.87   | 0.25%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | ARKANSAS ST DEV FIN AUTH INDL DEV REVENUE                                                                                          | CUSIP: 04108WCE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $121679.82    | 0.01%             | 2048-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH HOSP REVENUE                                                                                        | CUSIP: 56678PBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011430.80   | 0.23%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2113574.88   | 0.24%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3173152.50   | 0.37%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE                                                                                     | CUSIP: 650116FE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2213292.08   | 0.26%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6366823.20   | 0.74%             | 2054-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467CG5<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1210107.26   | 0.14%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berkeley County School District                                                  | BERKELEY CNTY SC SCH DIST                                                                                                          | CUSIP: 084203XN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036049.60   | 0.24%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV                                                                       | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3110000 | PA      | $3291805.00   | 0.38%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: SS30997   IRS USD R F  3.81350 IS30997 CCPOIS / Short: SS30997   IRS USD P V 00MSOFR IS309A8 CCPOIS                          | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   2336000 | OU      | $34353.26     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029825.40   | 0.35%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Quincy MA                                                                | QUINCY MA                                                                                                                          | CUSIP: 748508Y93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022351.80   | 0.12%             | 2026-07-24      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                                                                                           | CUSIP: 67884XCD7<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043345.20   | 0.12%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Palm Beach Community Redevelopment Agency                                   | W PALM BEACH FL CMNTY REDEV AGY                                                                                                    | CUSIP: 955070CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2594955.19   | 0.30%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson County Port Authority/OH                                               | JEFFERSON CNTY OH PORT AUTH ECECON DEV REVENUE                                                                                     | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002050.90   | 0.12%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Cobb County/The                                         | COBB CNTY GA DEV AUTH EDUCTNL FACS REVENUE                                                                                         | CUSIP: 190782AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1163782.53   | 0.13%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                                                                                                 | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    675000 | PA      | $719064.68    | 0.08%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE                                                                                  | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3858326.28   | 0.45%             | 2054-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Gulfport MS                                                              | GULFPORT MS HOSP FAC REVENUE                                                                                                       | CUSIP: 402682CQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2465006.01   | 0.29%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Airport System                                            | SAN ANTONIO TX ARPT SYS REVENUE                                                                                                    | CUSIP: 796242UB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $590465.76    | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Ward ND                                                                | WARD CNTY ND HLTH CARE FACS REVENUE                                                                                                | CUSIP: 934023EP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1321584.55   | 0.15%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charlotte FL                                                           | CHARLOTTE CNTY FL CAPITAL IMPT REVENUE                                                                                             | CUSIP: 160790BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1082103.08   | 0.13%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                | CUSIP: 64577B6J8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.17%             | 2025-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HLTHCARE SYS REVENUE                                                                                            | CUSIP: 74447GAK6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1367093.73   | 0.16%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Hospital Authority                                                        | IRVING TX HOSP AUTH                                                                                                                | CUSIP: 463794KA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009193.70   | 0.12%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                                                                                       | CUSIP: 677525WZ6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504367.25   | 0.17%             | 2029-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3497131.05   | 0.40%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | JACKSONVILLE FL HLTH CARE FACS REVENUE                                                                                             | CUSIP: 469400CW3<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |    600000 | PA      | $613594.86    | 0.07%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                    | CUSIP: 74442CCP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    755000 | PA      | $816227.03    | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GA                                                                                                               | CUSIP: 37329DBB2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $2000430.00   | 0.23%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Theorem Funding Trust                                                            | Theorem Funding Trust 2023-1                                                                                                       | CUSIP: 88338QAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5442 | PA      | $5452.42      | 0.00%             | 2029-04-15      | Fixed         | 7.58%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1598244.45   | 0.18%             | 2054-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE                                                                                     | CUSIP: 69651ACG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2186147.45   | 0.25%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nuveen California AMT-Free Quality Municipal Income Fund                         | Nuveen California AMT-Free Quality Municipal Income Fund                                                                           | CUSIP: 670651868<br>LEI: 5493005SR7RRUAG9VK19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.12%             | 2047-10-01      | Floating      | 3.18%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL FAC COMMISSION                                                                                                 | CUSIP: 67756DX76<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1145335.55   | 0.13%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BAT Capital Corp                                                                 | BAT Capital Corp                                                                                                                   | CUSIP: 05526DBN4<br>LEI: 2138005GYEXN7XRHFA84 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234130.80    | 0.03%             | 2030-04-02      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DGC0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005727.80   | 0.12%             | 2053-12-01      | Floating      | 4.62%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                                                                                        | CUSIP: 6459165H6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117719.80   | 0.24%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                                                                                         | CUSIP: 74442PF91<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $984802.80    | 0.11%             | 2038-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| North Carolina Department of Transportation                                      | NORTH CAROLINA DEPT TRANSN    PRIVATE ACTIVITY REVENUE                                                                             | CUSIP: 65820FAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1405659.79   | 0.16%             | 2037-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                                                                                        | CUSIP: 442349DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1520788.50   | 0.18%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                         | LANCASTER OH PORT AUTH GAS REVENUE                                                                                                 | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062974.10   | 0.12%             | 2055-02-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                                                                                                    | CUSIP: 047870MT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001924.90   | 0.12%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Jersey Transportation Authority                                            | S JERSEY NJ TRANSPRTN AUTH TRANSPRTN SYS REVENUE                                                                                   | CUSIP: 838536KC3<br>LEI: 549300W8SZI2CAOKT956 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1834091.17   | 0.21%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                                                                                        | CUSIP: 6459165F0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500000.00   | 0.40%             | 2025-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV                                                                        | CUSIP: 70868YAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2168839.20   | 0.25%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Hanover NC                                                         | NEW HANOVER CNTY NC                                                                                                                | CUSIP: 6448005L4<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1037102.85   | 0.12%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST LTD OBLIG                                                                                                        | CUSIP: 65829QCJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000143.30   | 0.12%             | 2028-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358WS47<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2680607.45   | 0.31%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                                                                             | CUSIP: 60637AVK5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1053079.96   | 0.12%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH DIST                                                                                                        | CUSIP: 59333RLV4<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2340782.77   | 0.27%             | 2026-01-07      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal                             | SEWARD CNTY KS UNIF SCH DIST #480                                                                                                  | CUSIP: 818461JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502732.25   | 0.17%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467CQ3<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    440000 | PA      | $448607.41    | 0.05%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160TV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945070.20   | 0.22%             | 2026-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS                                                                 | Connecticut Avenue Securities Trust 2024-R03                                                                                       | CUSIP: 207941AA3<br>LEI: N/A                  | Long             | ABS-MBS          | USGSE             | US        |    771868 | PA      | $772349.66    | 0.09%             | 2044-03-25      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2117072.00   | 0.24%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                                                                    | Citigroup Inc                                                                                                                      | CUSIP: 172967PE5<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    184000 | PA      | $193056.48    | 0.02%             | 2028-11-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT                                                                                                                          | CUSIP: 40065BCQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $854919.27    | 0.10%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | SAINT JOHN THE BAPTIST PARISH LA REVENUE                                                                                           | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017345.60   | 0.23%             | 2037-06-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Metropolitan Nashville Airport Authority/The                                     | MET NASHVILLE TN ARPT AUTH ARPT REVENUE                                                                                            | CUSIP: 592190NV0<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1090516.35   | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE                                                                                    | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041962.00   | 0.12%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Orangeburg County School District                                                | ORANGEBURG CNTY SCH DIST                                                                                                           | CUSIP: 685363AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2557129.75   | 0.30%             | 2026-08-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                                                                                        | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507942.65   | 0.17%             | 2049-12-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| Township of West Orange/NJ                                                       | WEST ORANGE TWP NJ                                                                                                                 | CUSIP: 954898LN0<br>LEI: 5493007B4WXJQ9BWBE35 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004457.80   | 0.23%             | 2025-11-05      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Brunswick Parking Authority                                                  | NEW BRUNSWICK NJ PKG AUTH                                                                                                          | CUSIP: 642835NW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043257.80   | 0.24%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisa Industrial Development Authority                                          | LOUISA VA INDL DEV AUTH POLL CONTROL REVENUE                                                                                       | CUSIP: 546068AZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001360.80   | 0.23%             | 2035-11-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEVAUTH POLL CONTROL REVENUE                                                                             | CUSIP: 13078HBA9<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026733.30   | 0.12%             | 2033-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN                                                                                                      | CUSIP: 57421FAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1222353.63   | 0.14%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST ALGAS PREPAY REVENUE                                                                                    | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003269.40   | 0.23%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | MIAMI-DADE CNTY FL SEAPORT REVENUE                                                                                                 | CUSIP: 59335KER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072197.10   | 0.12%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3011720.10   | 0.35%             | 2033-12-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Sanitation Districts Financing Authority                      | LOS ANGELES CNTY CA SANTN DISTS FING AUTH                                                                                          | CUSIP: 545149KE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1166234.02   | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                                                                                                    | CUSIP: 74442CEB6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010702.30   | 0.12%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE                                                                                | CUSIP: 677581GK0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1034480.08   | 0.12%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295E47<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600000.00   | 0.53%             | 2060-03-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3143356.50   | 0.36%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT LTD OBLG REVENUE                                                                                                         | CUSIP: 40065HDH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4518504.45   | 0.52%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PJU6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1088240.94   | 0.13%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                                         | CUSIP: 167486WY1<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015885.00   | 0.23%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GBB7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1813743.28   | 0.21%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XAG7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2539165.26   | 0.29%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                                                                                           | CUSIP: 544532PA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4212896.80   | 0.49%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alliance Bernstein                                                               | AB Fixed Income Shares, Inc. - Government Money Market Portfolio                                                                   | CUSIP: 018616748<br>LEI: 5493006YWHO7MNK2U579 | Long             | STIV             | RF                | US        |   7843639 | NS      | $7843638.57   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1848847.35   | 0.21%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE                                                                           | CUSIP: 160853LL9<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1570000.00   | 0.18%             | 2044-01-15      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500234.15   | 0.17%             | 2032-12-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                                                                                         | CUSIP: 167486F79<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2139170.35   | 0.25%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                                                                                               | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $704259.85    | 0.08%             | 2029-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                                  | PORT SAINT LUCIE FL UTILITY REVENUE                                                                                                | CUSIP: 735352QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3579122.18   | 0.41%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE                                                                               | CUSIP: 167723GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1720949.94   | 0.20%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE                                                                                | CUSIP: 593338AS5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1653617.23   | 0.19%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Registration Fee Revenue                        | PENNSYLVANIA ST TURNPIKE COMMISSION REGISTRATION FEE REVENUE                                                                       | CUSIP: 709222DS9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $998472.60    | 0.12%             | 2041-07-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                                                                                                    | CUSIP: 451295ZL6<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037041.90   | 0.12%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE                                                                                   | CUSIP: 16772PDX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1945851.86   | 0.22%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE                                                                                     | CUSIP: 40065FEK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037089.90   | 0.12%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                                                                                   | CUSIP: 79739GGD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1786144.18   | 0.21%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT WTR & PWR REVENUE                                                                                              | CUSIP: 5444955U4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   1955000 | PA      | $2043429.93   | 0.24%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                                                                                      | CUSIP: 59261AJR9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534715.70   | 0.18%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | UTAH INFRASTRUCTURE AGY TELECOMUNICATION REVENUE                                                                                   | CUSIP: 917467AE2<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030383.50   | 0.12%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ST ENERGY ACQUISITION CORP GAS REVENUE                                                                                   | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075775.80   | 0.24%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE                                                                                    | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064725.40   | 0.12%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | MASSACHUSETTS ST PORT AUTH                                                                                                         | CUSIP: 575896SZ9<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2338485.53   | 0.27%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                       | PIERCE CNTY WA SCH DIST #10 TACOMA                                                                                                 | CUSIP: 720424ZD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2203726.92   | 0.25%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No Re-1 Douglas & Elbert Counties                 | DOUGLAS CNTY CO SCH DIST #RE-1 DOUGLAS & ELBERT CNTYS                                                                              | CUSIP: 258885N32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4480000 | PA      | $4513380.03   | 0.52%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                     | AMERICAN MUNI PWR-OHIO INC OH REVENUE                                                                                              | CUSIP: 02765UQB3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1046648.10   | 0.12%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE                                                              | CDW LLC / CDW Finance Corp                                                                                                         | CUSIP: 12513GBG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $362137.50    | 0.04%             | 2026-12-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAT7<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1640464.50   | 0.19%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                                                                                      | CUSIP: 592647EC1<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |    465000 | PA      | $475728.71    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUBLIC PWR AUTH REVENUE                                                                                                   | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059461.70   | 0.12%             | 2055-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Freeport TX                                                                 | PORT FREEPORT TX SENIOR LIEN REVENUE                                                                                               | CUSIP: 73412PCH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1137981.64   | 0.13%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hospitals & Higher Education Facilities Authority of Philadelphia/The            | PHILADELPHIA PA HOSPS & HGR EDU FACS AUTH                                                                                          | CUSIP: 717903L71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2009804.54   | 0.23%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                | CUSIP: 64577BTB0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1555777.35   | 0.18%             | 2028-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE                                                                                   | CUSIP: 79739GQU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1735115.68   | 0.20%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                                                                                           | CUSIP: 84136HAU7<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034136.60   | 0.12%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FYI Properties                                                                   | FYI PROPERTIES WA LEASE REVENUE                                                                                                    | CUSIP: 302716BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $2001258.57   | 0.23%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                                                                                        | CUSIP: 574193XP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1615492.95   | 0.19%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE                                                                                     | CUSIP: 392275BP7<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1352458.08   | 0.16%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE                                                                                     | CUSIP: 64971WG87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2002012.40   | 0.23%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury                                                           | U.S. Treasury Bills                                                                                                                | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |   6500000 | PA      | $6451940.63   | 0.75%             | 2025-11-06      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS308B2   IRS USD R V 12MUSCPI IS308C3 CCPINFLATION ZERO / Short: BS308B2   IRS USD P F  2.49900 BS308B2 CCP INFLATION ZERO  | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   4498000 | OU      | $55301.88     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                                         | CUSIP: 13068XMC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2332395.24   | 0.27%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Convention Center/Orlando                                          | ORANGE CNTY FL TOURIST DEV TAX                                                                                                     | CUSIP: 684545YW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004894.40   | 0.46%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                                                                                         | CUSIP: 13068LW35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1479358.76   | 0.17%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                                                                                           | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1349733.75   | 0.16%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | HAWAII ST                                                                                                                          | CUSIP: 419792MK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1903046.17   | 0.22%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Industrial Development Authority                                    | BUCKS CNTY PA INDL DEV AUTH HOSP REVENUE                                                                                           | CUSIP: 11861MBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529189.85    | 0.06%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                                    | Lendbuzz Securitization Trust 2025-1                                                                                               | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2112406 | PA      | $2123332.57   | 0.25%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                                                                                                | CUSIP: 64577BD92<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1405325.88   | 0.16%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                                                                                                 | CUSIP: 249182LD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1487780.00   | 0.17%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE                                                                                     | CUSIP: 9277817N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941683.00    | 0.11%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTR REVENUE                                                                                                             | CUSIP: 167736SJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $807176.69    | 0.09%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority                              | PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE                                                                                     | CUSIP: 745160SG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046337.40   | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                                                         | Long: BS31T56   IRS USD R V 12MUSCPI IS31T67 CCPINFLATIONZERO / Short: BS31T56   IRS USD P F  2.56880 IS31T56 CCPINFLATIONZERO     | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | US        |   6000000 | OU      | $53566.20     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE                                                                               | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1010892.41   | 0.12%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                                                                                       | CUSIP: 646140JN4<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5571090.00   | 0.64%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                    | NEW YORK ST URBAN DEV CORP REVENUE                                                                                                 | CUSIP: 650035Q43<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000959.10   | 0.12%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                                                                                       | CUSIP: 45204EM39<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   7080000 | PA      | $7080000.00   | 0.82%             | 2037-11-15      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL                                                                                                                 | CUSIP: 59333FR36<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072944.40   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Insurance Assistance Interlocal Agency Inc                               | FLORIDA INSURANCE ASSISTANCE INTERLOCAL AGY                                                                                        | CUSIP: 34074EAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1084321.06   | 0.13%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mid-Bay Bridge Authority                                                         | FLORIDA ST MID-BAY BRIDGE AUTH                                                                                                     | CUSIP: 342814EG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2195334.60   | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Joaquin Valley Clean Energy Authority                                        | SAN JOAQUIN VLY CLEAN ENERGY AUTH CA CLEAN ENERGY REVENUE                                                                          | CUSIP: 79811YAK4<br>LEI: 254900VA5DFN33OVGH87 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1108803.10   | 0.13%             | 2056-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Springfield IL Electric Revenue                                          | SPRINGFIELD IL ELEC REVENUE                                                                                                        | CUSIP: 850578TX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2069466.40   | 0.24%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Cloud MN                                                              | SAINT CLOUD MN HLTH CARE REVENUE                                                                                                   | CUSIP: 78916VDK3<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1243470.92   | 0.14%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| 2025 Loan Holding - 1                                                            | 2025 LOAN HOLDING - 1                                                                                                              | CUSIP: 90223AAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.28%             | 2026-05-01      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | NORTHERN IL UNIV REVENUES                                                                                                          | CUSIP: 665245YH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $775047.91    | 0.09%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE                                                                        | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051406.70   | 0.12%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Whiting IN                                                               | WHITING IN ENVRNMNTL FACS REVENUE                                                                                                  | CUSIP: 96634RAZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006695.50   | 0.12%             | 2044-06-01      | Floating      | 4.20%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | ESSEX CNTY NJ IMPT AUTH                                                                                                            | CUSIP: 296807MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039331.50   | 0.35%             | 2026-03-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                           | ALLEGHENY CNTY PA                                                                                                                  | CUSIP: 01728VSH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4417518.60   | 0.51%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                                                                                                    | CUSIP: 59333MQ65<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1359074.77   | 0.16%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH MIDWESTERN DISASTER RELIEF REVENUE                                                                                | CUSIP: 45470CAG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046548.80   | 0.24%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SPL REVENUE                                                                                                   | CUSIP: 63608TAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $599294.34    | 0.07%             | 2033-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                                                                                                    | CUSIP: 70914P4M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2103944.20   | 0.24%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Broomfield CO Sales & Use Tax Revenue                           | BROOMFIELD CO SALES & USE TAX REVENUE                                                                                              | CUSIP: 114760FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075484.80   | 0.24%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                                                                                              | CUSIP: 73358XNL2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1354140.45   | 0.16%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                                                                                        | CUSIP: 452153KQ1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2203670.20   | 0.25%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wolf Creek Infrastructure Financing District No 1                                | WOLF CREEK INFRASTRUCTURE FING DIST #1 UT SPL ASSMNT                                                                               | CUSIP: 977695AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988260.20    | 0.11%             | 2044-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                                                                                      | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067322.90   | 0.12%             | 2055-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine Wash Local District                                                    | GRAPEVINE WASH LOCAL DIST UT SPL ASSMNT                                                                                            | CUSIP: 38860FAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926626.80    | 0.11%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                        | CENTRL TX REGL MOBILITY AUTH REVENUE                                                                                               | CUSIP: 155498FF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1073136.92   | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                                                                                         | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3057474.00   | 0.35%             | 2042-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                  | PORT OF OAKLAND CA                                                                                                                 | CUSIP: 735000TH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1692179.21   | 0.20%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                                                                                        | CUSIP: 64578CBT7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1628227.41   | 0.19%             | 2027-09-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                                                                                       | CUSIP: 645780FT9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3503633.00   | 0.41%             | 2034-11-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Orleans Aviation Board                                                       | NEW ORLEANS LA AVIATION BRD                                                                                                        | CUSIP: 64763HMA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061870.60   | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange, Inc.                                                  | Long: BS34A29   CDS USD R V 03MEVENT IS34A30 CCPCDX / Short: BS34A29   CDS USD P F  5.00000 IS34A29 CCPCDX                         | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DCR              |  | US        |    730000 | OU      | $-60101.33    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Puerto Rico Electric Power Authority                                             | PUERTO RICO ELEC PWR AUTH PWRREVENUE                                                                                               | CUSIP: 74526QYA4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1034856.25   | 0.12%             | 2027-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SPL REVENUE                                                                                                     | CUSIP: 74447TAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1125976.50   | 0.13%             | 2029-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District                                             | PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE                                                                                  | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005899.90   | 0.12%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                                                                                      | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2538821.25   | 0.29%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP IV                                                                                        | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4266596.00   | 0.49%             | 2054-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                                                                                                                      | CUSIP: 13063CYL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003333.40   | 0.23%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA LIMITED OBLIG                                                                                                        | CUSIP: 82545PAK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1429398.18   | 0.17%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                                                                                                | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088907.80   | 0.13%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE                                                                             | CUSIP: 60637ATQ5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015516.00   | 0.23%             | 2051-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE                                                                                  | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3718756.65   | 0.43%             | 2054-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY SENIOR LIVING REVENUE                                                                                 | CUSIP: 57563WAA6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003826.40   | 0.12%             | 2035-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                                                                                                   | CUSIP: 57582RKA3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1066102.49   | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                                                                                       | CUSIP: 1675935K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2832279.73   | 0.33%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pagaya AI Debt Selection Trust                                                   | Pagaya AI Debt Trust 2024-1                                                                                                        | CUSIP: 69548AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     30469 | PA      | $30692.97     | 0.00%             | 2031-07-15      | Fixed         | 6.66%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust                                                    | Lendbuzz Securitization Trust 2023-1                                                                                               | CUSIP: 52608LAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    307124 | PA      | $311546.29    | 0.04%             | 2028-08-15      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC                                                           | Philip Morris International Inc                                                                                                    | CUSIP: 718172CW7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    250000 | PA      | $263012.50    | 0.03%             | 2029-11-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                            | HUNTSVILLE AL                                                                                                                      | CUSIP: 447025UQ8<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    470000 | PA      | $478069.38    | 0.06%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boulder Larimer & Weld Counties St Vrain Valley School District Re1J             | BOULDER LARIMER & WELD CNTYS CO SAINT VRAIN VLY SCH DIST #RE                                                                       | CUSIP: 101565K73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510092.00   | 0.17%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                                                                                            | CUSIP: 6461364M0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    255000 | PA      | $276706.88    | 0.03%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                           | ALLEGHENY CNTY PA                                                                                                                  | CUSIP: 01728VSM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2054571.40   | 0.24%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                                                                                      | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064319.30   | 0.12%             | 2049-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSON CNTY TN HLTH & EDUCTNL FAC BRD                                                                       | CUSIP: 592113CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081292.40   | 0.24%             | 2028-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Board of Education                                                        | NEWARK NJ BRD OF EDU                                                                                                               | CUSIP: 650370DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1316940.41   | 0.15%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                             | FAIRFAX CNTY VA                                                                                                                    | CUSIP: 30382AKT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1246547.91   | 0.14%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Glendale AZ Water & Sewer Revenue                                        | GLENDALE AZ WTR & SWR REVENUE                                                                                                      | CUSIP: 378352RD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021496.70   | 0.12%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                               | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU                                                                       | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1732389.13   | 0.20%             | 2027-09-15      | Floating      | 3.71%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT                                                                               | CUSIP: 64990GZA3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1445008.46   | 0.17%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                              | PORT OF PORTLAND OR ARPT REVENUE                                                                                                   | CUSIP: 735240L92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1119615.42   | 0.13%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE                                                                                     | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2210000 | PA      | $2384702.27   | 0.28%             | 2053-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** AB Active ETFs, Inc.

**Signature:** Stephen Woetzel

**Name of Signer:** Stephen Woetzel

**Title:** Controller