# EDGAR Filing Document

**Accession Number:** 0000857769
**File Stem:** 0001193125-26-184514
**Filing Date:** 2026-4
**Character Count:** 180018
**Document Hash:** 3e316c1f3494f174d767bb95497bae2f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-184514.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0001193125-26-184514

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JOHN HANCOCK MUNICIPAL SECURITIES TRUST
- **CENTRAL INDEX KEY:** 0000857769

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05968
- **FILM NUMBER:** 26903876

**BUSINESS ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116
- **BUSINESS PHONE:** 617-663-3000

**MAIL ADDRESS:**
- **STREET 1:** C/O JOHN HANCOCK FUNDS
- **STREET 2:** 200 BERKELEY STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02116

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN MUNICIPAL SECURITIES TRUST
- **DATE OF NAME CHANGE:** 20050323

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN TAX FREE BOND TRUST
- **DATE OF NAME CHANGE:** 19970501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HANCOCK JOHN TAX FREE BOND FUND
- **DATE OF NAME CHANGE:** 19941227

## Series and Classes Contracts Data

### John Hancock Short Duration Municipal Opportunities Fund (Series ID: S000076502)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000236445 | Class R6     | JHSKX           |
| C000236446 | Class A      | JHSFX           |
| C000236447 | Class C      | JHSHX           |
| C000236448 | Class I      | JHSJX           |

## Nport-Ex

![](img5a8f5a441.gif)

#### Quarterly portfolio holdings

## John Hancock

## Short Duration Municipal Opportunities Fund

## Fixed income
February 28, 2026

Manulife, Manulife Investments, Stylized M Design, and Manulife Investments & Stylized M Design are trademarks of The Manufacturers Life Insurance Company and John Hancock and the Stylized John Hancock Design are trademarks of John Hancock Life Insurance Company (U.S.A.). Each are used by it and by its affiliates under license.

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Fund's investments

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#### As of 2-28-26 (unaudited)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Municipal bonds 98.6%** |  |  |  | **$143035425** |
| (Cost $140,830,783) |  |  |  |  |
| **Alabama 8.3%** |  |  |  | **12001730** |
| Baldwin County Industrial Development Authority<br> Novelis Corp. Project, Series A, AMT | &nbsp;&nbsp;4.300 | &nbsp;&nbsp;03-01-56 | 500000 | 500000 |
| Baldwin County Industrial Development Authority<br> Novelis Corp. Project, Series A, AMT (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-01-55 | 300000 | 314007 |
| Black Belt Energy Gas District<br> Gas Project, Series A | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;05-01-56 | 750000 | 784473 |
| Black Belt Energy Gas District<br> Gas Project, Series C (A) | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;08-01-32 | 1000000 | 1067892 |
| Black Belt Energy Gas District<br> Gas Project, Series C (A) | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;11-01-56 | 1690000 | 1847831 |
| Black Belt Energy Gas District<br> Gas Project, Series F | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-35 | 750000 | 824580 |
| Black Belt Energy Gas District<br> Gas Project, Series G | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-35 | 1000000 | 1092598 |
| Black Belt Energy Gas District<br> Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-30 | 850000 | 920238 |
| City of Birmingham<br> Birmingham Water Works Board (A) | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;09-01-26 | 500000 | 500046 |
| Energy Southeast, a Cooperative District<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-35 | 500000 | 546557 |
| Energy Southeast, a Cooperative District<br> Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-33 | 500000 | 529766 |
| Energy Southeast, a Cooperative District<br> Series B | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-01-54 | 500000 | 552083 |
| Southeast Energy Authority, a Cooperative District<br> Commodity Supply Project No. 5, Series A | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;01-01-54 | 270000 | 288147 |
| Southeast Energy Authority, a Cooperative District<br> Series B | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;03-01-55 | 500000 | 535439 |
| Southeast Energy Authority, a Cooperative District<br> Series C | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;05-01-55 | 310000 | 335796 |
| Southeast Energy Authority, a Cooperative District<br> Series E | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-30 | 1250000 | 1362277 |
| **Arizona 0.7%** |  |  |  | **1036583** |
| Arizona Industrial Development Authority<br> Academies of Math & Science, Series A (A) | &nbsp;&nbsp;4.875 | &nbsp;&nbsp;07-01-60 | 150000 | 155584 |
| Chandler Industrial Development Authority<br> Intel Corp. Project, Series 2, AMT | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-49 | 395000 | 406357 |
| Chandler Industrial Development Authority<br> Intel Corp. Project, Series 2, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-52 | 450000 | 459541 |
| University of Arizona<br> Board of Regents | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-01-37 | 15000 | 15101 |
| **Arkansas 0.2%** |  |  |  | **350041** |
| Little Rock School District<br> Construction Bonds, GO | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;02-01-28 | 350000 | 350041 |
| **California 7.6%** |  |  |  | **11099911** |
| California Community Choice Financing Authority<br> Clean Energy Project, Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-01-36 | 2000000 | 2179497 |
| California Community Choice Financing Authority<br> Clean Energy Project, Series C | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-55 | 500000 | 542465 |
| California Community Choice Financing Authority<br> Clean Energy Project, Series E | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-01-55 | 640000 | 700038 |
| California Community Choice Financing Authority<br> Clean Energy Project, Series F | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-33 | 700000 | 774652 |
| California Community Choice Financing Authority<br> Clean Energy Project, Series F | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-01-55 | 300000 | 329320 |
| California Community Choice Financing Authority<br> Clean Energy Project, Series H | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-56 | 515000 | 574506 |

---

2 JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **California (continued)** |  |  |  |  |
| California Housing Finance Agency<br> Power Station Block 7B, Series L (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.200 | &nbsp;&nbsp;12-01-27 | 500000 | $509451 |
| California Infrastructure & Economic Development Bank<br> Brightline West Passenger Project, Series B, AMT (A) | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;01-01-65 | 1000000 | 540000 |
| California Infrastructure & Economic Development Bank<br> California Academy of Sciences, Series A | &nbsp;&nbsp;&nbsp;&nbsp;3.250 | &nbsp;&nbsp;08-01-29 | 300000 | 307377 |
| California Municipal Finance Authority<br> Eisenhower Medical Center, Series A | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;07-01-32 | 100000 | 100147 |
| California Municipal Finance Authority<br> Linxs APM Project, Series A, AMT (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.250 | &nbsp;&nbsp;12-31-32 | 500000 | 496550 |
| California Municipal Finance Authority<br> United Airlines, Inc. Project, AMT | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;07-15-29 | 100000 | 101948 |
| California Municipal Finance Authority<br> Westside Neighborhood School Project (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-15-34 | 250000 | 268949 |
| California Pollution Control Financing Authority<br> Republic Services, Inc. Project, Series A-1, AMT (A) | &nbsp;&nbsp;&nbsp;&nbsp;3.250 | &nbsp;&nbsp;11-01-42 | 1000000 | 1000175 |
| California School Finance Authority<br> Alliance for College Ready Public Schools Project, Series A (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-36 | 300000 | 300254 |
| California Statewide Communities Development Authority<br> Kaiser Permanente, Series 2003-D | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;05-01-33 | 480000 | 528321 |
| Independent Cities Finance Authority<br> Union City Tropics | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;05-15-32 | 300000 | 309511 |
| Patterson Joint Unified School District<br> 2008 Election, Series A, GO (B)(C) | &nbsp;&nbsp;&nbsp;&nbsp;2.209 | &nbsp;&nbsp;08-01-26 | 515000 | 510208 |
| San Francisco City & County Airport Commission<br> Series C, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;05-01-32 | 400000 | 457059 |
| San Joaquin Valley Clean Energy Authority<br> Clean Energy Project, Series A | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;01-01-56 | 500000 | 569483 |
| **Colorado 3.1%** |  |  |  | **4498429** |
| Colorado Educational & Cultural Facilities Authority<br> Kent Denver School Project | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-35 | 400000 | 432193 |
| Colorado Health Facilities Authority<br> Frasier Project, Series 2023-A | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;05-15-30 | 340000 | 338696 |
| Colorado Housing and Finance Authority<br> Series E-2, Class I | &nbsp;&nbsp;&nbsp;&nbsp;3.350 | &nbsp;&nbsp;10-01-29 | 430000 | 439834 |
| Fiddler's Business Improvement District<br> Greenwood Village, GO (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-32 | 100000 | 104275 |
| Park Creek Metropolitan District<br> Series A (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;12-01-35 | 475000 | 489865 |
| Rampart Range Metropolitan District No. 1 (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-26 | 305000 | 310707 |
| Rampart Range Metropolitan District No. 1 (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-27 | 445000 | 464367 |
| South Maryland Creek Ranch Metropolitan District, GO (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-29 | 195000 | 210517 |
| Trails at Crowfoot Metropolitan District No. 3<br> Series A, GO (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-34 | 175000 | 200026 |
| Vista Ridge Metropolitan District<br> Series A, GO (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;12-01-36 | 1500000 | 1507949 |
| **Connecticut 0.4%** |  |  |  | **611555** |
| City of Bridgeport<br> Series B, GO | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-15-27 | 170000 | 176654 |
| Stamford Housing Authority<br> Mozaic Concierge Living Project, Series C | &nbsp;&nbsp;&nbsp;&nbsp;4.750 | &nbsp;&nbsp;10-01-32 | 215000 | 226648 |
| Town of Hamden<br> Whitney Center Project | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-50 | 230000 | 208253 |
| **Delaware 0.9%** |  |  |  | **1273832** |
| Delaware County Authority<br> Cabrini University | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-31 | 30000 | 30991 |
| Delaware State Economic Development Authority<br> Delmarva Power & Light Company Project, Series A | &nbsp;&nbsp;&nbsp;&nbsp;3.600 | &nbsp;&nbsp;01-01-31 | 700000 | 726982 |
| Delaware State Economic Development Authority<br> NRG Energy Project, Series A | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-01-45 | 500000 | 515859 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT 3

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---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **District of Columbia 1.6%** |  |  |  | **$2289241** |
| District of Columbia Housing Finance Agency<br> Hillsdale Flats Phase I Project, Series B | &nbsp;&nbsp;3.150 | &nbsp;&nbsp;02-01-30 | 1000000 | 1009913 |
| Metropolitan Washington Airports Authority Aviation Revenue<br> Series A, AMT | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-01-35 | 750000 | 771611 |
| Metropolitan Washington Airports Authority Aviation Revenue<br> Series A, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-26 | 500000 | 507717 |
| **Florida 10.3%** |  |  |  | **14939096** |
| Cabot Citrus Farms<br> Community Development District | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;03-01-29 | 790000 | 801596 |
| Capital Trust Authority<br> KIPP Miami - North Campus Project, Series A (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-15-34 | 300000 | 319558 |
| City of Tampa Water & Wastewater System Revenue<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-54 | 1090000 | 1123757 |
| Collier County Industrial Development Authority<br> NCH Healthcare System Projects, Series B (B)(D) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-35 | 1000000 | 1156498 |
| County of Broward Port Facilities Revenue<br> Series B, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-28 | 500000 | 525102 |
| County of Lee Airport Revenue<br> Series A-2, AMT (D) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-56 | 1000000 | 1095790 |
| County of Miami-Dade Aviation Revenue<br> Series A, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-30 | 255000 | 280950 |
| County of Miami-Dade Aviation Revenue<br> Series A, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-34 | 500000 | 577589 |
| Firethorn Community Development District<br> Assessment Area One | &nbsp;&nbsp;4.100 | &nbsp;&nbsp;05-01-30 | 475000 | 479308 |
| Florida Development Finance Corp.<br> Imagine School at Broward Project, Series A (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-15-34 | 200000 | 208514 |
| Florida Development Finance Corp.<br> Nova Southeastern University Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-27 | 25000 | 25592 |
| Florida Development Finance Corp.<br> Solid Waste Southeast LLC Project, Series A, AMT (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;10-01-54 | 500000 | 507573 |
| Florida Higher Educational Facilities Financing Authority<br> Nova Southeastern University Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-27 | 20000 | 20033 |
| Florida Higher Educational Facilities Financing Authority<br> Nova Southeastern University Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-28 | 35000 | 35065 |
| Florida Local Government Finance Commission<br> Fleet Landing at Nocatee Project, Series B-2 (A) | &nbsp;&nbsp;4.450 | &nbsp;&nbsp;11-15-31 | 200000 | 202724 |
| Greater Orlando Aviation Authority<br> United Airlines, Inc. Project, AMT | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;11-01-34 | 500000 | 548992 |
| Jacksonville Housing Authority<br> Westwood Apartments | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-01-34 | 950000 | 1063912 |
| Lee County Industrial Development Authority<br> Lee Health System, Inc. Project, Series A-2 (D) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-65 | 1000000 | 1140512 |
| Miami-Dade County Housing Finance Authority<br> Yaeger Plaza Project, Series B | &nbsp;&nbsp;3.150 | &nbsp;&nbsp;08-01-29 | 1000000 | 1008527 |
| North Miami Community Redevelopment Agency<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-01-31 | 500000 | 550719 |
| Palm Beach County Health Facilities Authority<br> Acts Retirement-Life Communities | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-15-32 | 140000 | 141924 |
| Palm Beach County Health Facilities Authority<br> Jupiter Medical Center Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-28 | 15000 | 15837 |
| Palm Beach County Health Facilities Authority<br> Jupiter Medical Center Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-29 | 70000 | 75285 |
| Palm Beach County Health Facilities Authority<br> Jupiter Medical Center Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-30 | 200000 | 218629 |
| Palm Beach County Health Facilities Authority<br> Toby and Leon Cooperman Sinai Residences | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-26 | 230000 | 230175 |
| Palm Beach County Health Facilities Authority<br> Toby and Leon Cooperman Sinai Residences | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-31 | 10000 | 10130 |
| Sarasota County Public Hospital District<br> Sarasota Memorial Hospital Project, Series A (D) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-33 | 1000000 | 1162674 |
| Town of Davie<br> Nova Southeastern University Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-31 | 330000 | 347353 |

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4 JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Florida (continued)** |  |  |  |  |
| USF Financing Corp.<br> Student Housing Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-34 | 500000 | $586496 |
| Village Community Development District<br> CDD No. 15 (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;05-01-34 | 250000 | 258137 |
| Winter Garden Village at Fowler Groves<br> Community Development District | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;05-01-31 | 220000 | 220145 |
| **Georgia 4.1%** |  |  |  | **6014245** |
| Augusta Development Authority<br> AU Health System, Inc. Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-26 | 250000 | 251899 |
| City of Atlanta Airport Passenger Facility Charge<br> Series D, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-26 | 500000 | 504215 |
| Development Authority of Burke County<br> Oglethorpe Power Corp. Vogtle Project, Series A | &nbsp;&nbsp;3.600 | &nbsp;&nbsp;01-01-40 | 500000 | 516102 |
| Main Street Energy, Inc.<br> Series D | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-33 | 1500000 | 1637346 |
| Main Street Natural Gas, Inc.<br> Series A | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;09-01-52 | 460000 | 476175 |
| Main Street Natural Gas, Inc.<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;05-15-26 | 550000 | 552642 |
| Main Street Natural Gas, Inc.<br> Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-53 | 250000 | 268358 |
| Main Street Natural Gas, Inc.<br> Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-55 | 650000 | 708498 |
| Main Street Natural Gas, Inc.<br> Series D | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-54 | 500000 | 544561 |
| Main Street Natural Gas, Inc.<br> Series E-1 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-53 | 500000 | 543727 |
| Municipal Electric Authority of Georgia<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-29 | 10000 | 10722 |
| **Illinois 6.4%** |  |  |  | **9311495** |
| Bridgeview Finance Corp.<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-37 | 1500000 | 1504636 |
| Chicago Midway International Airport<br> Series A, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-32 | 1000000 | 1117737 |
| Chicago O'Hare International Airport<br> Series E, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-27 | 500000 | 509968 |
| City of Chicago Wastewater Transmission Revenue<br> Series B (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-30 | 225000 | 230050 |
| Illinois Development Finance Authority<br> St. Vincent De Paul Center Project, Series A (D) | &nbsp;&nbsp;2.850 | &nbsp;&nbsp;11-15-39 | 2500000 | 2501999 |
| Illinois Finance Authority<br> Clark-Lindsey Village, Series A | &nbsp;&nbsp;4.600 | &nbsp;&nbsp;06-01-27 | 150000 | 150380 |
| Illinois Finance Authority<br> Clark-Lindsey Village, Series A | &nbsp;&nbsp;5.375 | &nbsp;&nbsp;06-01-42 | 10000 | 10044 |
| Illinois Finance Authority<br> Music and Dance Theater Chicago (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-35 | 295000 | 304798 |
| Metropolitan Pier & Exposition Authority<br> McCormick Place Expansion Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-15-28 | 500000 | 519046 |
| Sales Tax Securitization Corp.<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-34 | 1000000 | 1159085 |
| State of Illinois<br> Series B, GO | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;10-01-29 | 500000 | 548748 |
| State of Illinois, GO | &nbsp;&nbsp;4.125 | &nbsp;&nbsp;11-01-31 | 575000 | 578845 |
| Village of Bedford Park Hotel/Motel Tax Revenue<br> Series A (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-35 | 155000 | 176159 |
| **Indiana 0.6%** |  |  |  | **872348** |
| City of Whiting<br> BP Products North America, Inc., Series A, AMT | &nbsp;&nbsp;4.400 | &nbsp;&nbsp;03-01-46 | 225000 | 238958 |
| Indiana Finance Authority<br> Indiana Masonic Home Project, Series A | &nbsp;&nbsp;4.300 | &nbsp;&nbsp;05-01-29 | 500000 | 513050 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT 5

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Indiana (continued)** |  |  |  |  |
| Indiana Finance Authority<br> Indiana University Health, Series B-2 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-60 | 110000 | $120340 |
| **Iowa 0.2%** |  |  |  | **250067** |
| University of Iowa<br> Academic Building, Series SUI | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;07-01-28 | 250000 | 250067 |
| **Kansas 1.3%** |  |  |  | **1852740** |
| City of Garden City<br> Sports of the World Star Bond Project, Phase II (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-29 | 200000 | 200660 |
| City of Garden City<br> Sports of the World Star Bond Project, Phase II (A) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;06-01-33 | 500000 | 505569 |
| City of Prairie Village<br> Meadowbrook TIF Project | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;04-01-36 | 350000 | 344180 |
| City of Topeka Combined Utility Revenue<br> Series A | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;08-01-27 | 250000 | 250050 |
| Wyandotte County-Kansas City Unified Government<br> Northwest Speedway Star Bond District Project (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;03-01-36 | 550000 | 552281 |
| **Kentucky 0.6%** |  |  |  | **906989** |
| County of Trimble<br> Louisville Gas and Electric Company Project, Series A | &nbsp;&nbsp;3.750 | &nbsp;&nbsp;06-01-33 | 500000 | 503385 |
| Kentucky Public Energy Authority<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;05-01-55 | 260000 | 278586 |
| Northern Kentucky Water District<br> Series B | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;02-01-29 | 125000 | 125018 |
| **Louisiana 1.3%** |  |  |  | **1896650** |
| City of New Orleans<br> Series A, GO | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-31 | 800000 | 888545 |
| Louisiana Housing Corp.<br> Hampton Park Project | &nbsp;&nbsp;3.150 | &nbsp;&nbsp;07-01-44 | 1000000 | 1008105 |
| **Maine 0.1%** |  |  |  | **162387** |
| Finance Authority of Maine<br> Casella Waste System, Inc. Project, Series R-3, AMT (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-01-35 | 150000 | 162387 |
| **Maryland 1.0%** |  |  |  | **1485837** |
| City of Baltimore<br> City-Wide Affordable Housing Program (A) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-35 | 300000 | 304780 |
| Maryland Health & Higher Educational Facilities Authority<br> MedStar Health Issue, Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-15-56 | 1000000 | 1130157 |
| Maryland Health & Higher Educational Facilities Authority<br> University of Maryland Medical System, Series B-2 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-45 | 50000 | 50900 |
| **Massachusetts 2.6%** |  |  |  | **3714437** |
| City of Fall River, GO | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;12-01-32 | 400000 | 377898 |
| Massachusetts Development Finance Agency<br> Gingercare Living Issue, Series B-2 (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-29 | 150000 | 150056 |
| Massachusetts Development Finance Agency<br> Waste Management, Inc. Project, AMT (A) | &nbsp;&nbsp;1.250 | &nbsp;&nbsp;05-01-27 | 3250000 | 3160358 |
| Massachusetts Development Finance Agency<br> Worcester Polytechnic Institute | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-30 | 15000 | 15579 |
| Massachusetts Development Finance Agency<br> Worcester Polytechnic Institute | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-37 | 10000 | 10546 |
| **Michigan 2.0%** |  |  |  | **2910949** |
| Canyon Falls Municipal Utility District No. 1, GO (B) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;02-15-31 | 100000 | 104794 |
| Canyon Falls Municipal Utility District No. 1, GO (B) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;02-15-31 | 145000 | 151951 |
| Grand Rapids Economic Development Corp.<br> Beacon Hill at Eastgate Project, Series B-1 | &nbsp;&nbsp;4.750 | &nbsp;&nbsp;11-01-30 | 500000 | 501581 |
| Grand Valley State University<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-32 | 500000 | 502573 |
| Michigan Finance Authority<br> McLaren Healthcare, Series D-2 | &nbsp;&nbsp;1.200 | &nbsp;&nbsp;10-15-38 | 385000 | 370036 |

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6 JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Michigan (continued)** |  |  |  |  |
| Michigan State Hospital Finance Authority<br> Corewell Health, Series B | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-15-55 | 200000 | $224445 |
| Michigan Strategic Fund<br> I-75 Improvement Project, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-31-32 | 35000 | 36560 |
| Wayne County Airport Authority<br> Detroit Metropolitan Wayne County Airport, Series D, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-35 | 585000 | 675429 |
| Wayne County Airport Authority<br> Detroit Metropolitan Wayne County Airport, Series D, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-36 | 300000 | 343580 |
| **Minnesota 1.2%** |  |  |  | **1789520** |
| Cambridge-Isanti Independent School District No. 911<br> Series A, GO | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;02-01-34 | 715000 | 635676 |
| City of Eden Prairie<br> Series A, GO | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;02-01-33 | 500000 | 463688 |
| Delano Independent School District No. 879<br> School Building, Series A, GO | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;02-01-28 | 690000 | 690156 |
| **Mississippi 0.1%** |  |  |  | **199196** |
| Mississippi Development Bank<br> Hancock County Gomesa Project (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.550 | &nbsp;&nbsp;11-01-39 | 195000 | 199196 |
| **Missouri 1.1%** |  |  |  | **1570285** |
| I-470 Western Gateway Transportation Development District<br> Series A (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.500 | &nbsp;&nbsp;12-01-29 | 266000 | 267062 |
| Industrial Development Authority of the City of St. Louis<br> Union Station Phase 2 Redevelopment Project, Series A | &nbsp;&nbsp;&nbsp;&nbsp;4.875 | &nbsp;&nbsp;06-15-34 | 320000 | 332506 |
| Lee's Summit Industrial Development Authority<br> John Knox Village Project, Series A | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-15-27 | 200000 | 203080 |
| Lee's Summit Industrial Development Authority<br> John Knox Village Project, Series A | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-15-32 | 600000 | 614589 |
| Waynesville R-VI School District<br> Certificates of Participation | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-15-30 | 140000 | 153048 |
| **Montana 0.2%** |  |  |  | **255873** |
| City of Forsyth<br> NorthWestern Corp. Colstrip Project | &nbsp;&nbsp;&nbsp;&nbsp;3.875 | &nbsp;&nbsp;07-01-28 | 250000 | 255873 |
| **Nebraska 1.7%** |  |  |  | **2529461** |
| Central Plains Energy Project<br> Subseries A-1 | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-01-55 | 250000 | 272437 |
| County of Sarpy<br> Building Bonds, GO | &nbsp;&nbsp;&nbsp;&nbsp;1.750 | &nbsp;&nbsp;06-01-33 | 1580000 | 1392461 |
| County of Sarpy<br> Building Bonds, GO | &nbsp;&nbsp;&nbsp;&nbsp;1.750 | &nbsp;&nbsp;06-01-34 | 1000000 | 864563 |
| **Nevada 0.2%** |  |  |  | **272700** |
| State of Nevada Department of Business & Industry<br> Brightline West Passenger Project, Series B, AMT (A) | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;01-01-65 | 505000 | 272700 |
| **New Hampshire 1.7%** |  |  |  | **2526278** |
| New Hampshire Business Finance Authority<br> Bridgeland Water & Utility District (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.375 | &nbsp;&nbsp;12-15-35 | 543000 | 543118 |
| New Hampshire Business Finance Authority<br> Lariat Phase 2 Project, GO (A)(C) | &nbsp;&nbsp;&nbsp;&nbsp;6.826 | &nbsp;&nbsp;12-15-32 | 500000 | 317151 |
| New Hampshire Business Finance Authority<br> Pennichuck Water Works, Inc., Series A, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-01-34 | 75000 | 84285 |
| New Hampshire Business Finance Authority<br> Pennichuck Water Works, Inc., Series A, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;04-01-38 | 100000 | 109709 |
| New Hampshire Business Finance Authority<br> Series 1-A | &nbsp;&nbsp;&nbsp;&nbsp;4.150 | &nbsp;&nbsp;10-20-40 | 997514 | 1017589 |
| New Hampshire Health & Education Facilities Authority<br> Catholic Medical Center | &nbsp;&nbsp;&nbsp;&nbsp;3.375 | &nbsp;&nbsp;07-01-33 | 25000 | 25291 |
| New Hampshire Health & Education Facilities Authority<br> Catholic Medical Center | &nbsp;&nbsp;&nbsp;&nbsp;3.500 | &nbsp;&nbsp;07-01-34 | 175000 | 177322 |
| New Hampshire Health & Education Facilities Authority<br> Darmouth College, Series B | &nbsp;&nbsp;&nbsp;&nbsp;3.300 | &nbsp;&nbsp;06-01-40 | 250000 | 251813 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT 7

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **New Jersey 3.0%** |  |  |  | **$4347196** |
| Borough of Bernardsville, GO | &nbsp;&nbsp;2.625 | &nbsp;&nbsp;08-15-28 | 200000 | 199999 |
| Hopewell Valley Regional School District, GO | &nbsp;&nbsp;1.000 | &nbsp;&nbsp;02-01-32 | 1710000 | 1531481 |
| New Jersey Economic Development Authority<br> Repauno Port and Rail Terminal Project, AMT (A) | &nbsp;&nbsp;6.375 | &nbsp;&nbsp;01-01-35 | 500000 | 526961 |
| New Jersey Housing & Mortgage Finance Agency<br> Series B | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;11-01-27 | 435000 | 439639 |
| New Jersey Institute of Technology<br> Series A (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-36 | 500000 | 595092 |
| New Jersey Transportation Trust Fund Authority<br> Series AA | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-15-30 | 500000 | 556353 |
| State of New Jersey, GO | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;06-01-27 | 500000 | 497671 |
| **New York 3.3%** |  |  |  | **4717268** |
| Albany County Airport Authority<br> Series B, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-15-26 | 475000 | 483958 |
| Farmingdale Union Free School District, GO | &nbsp;&nbsp;2.000 | &nbsp;&nbsp;09-15-34 | 255000 | 227198 |
| New York City Housing Development Corp.<br> Series A-2 | &nbsp;&nbsp;3.250 | &nbsp;&nbsp;11-01-65 | 1000000 | 1013940 |
| New York City Municipal Water Finance Authority<br> Fiscal 2025, Series DD | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-15-35 | 150000 | 181727 |
| New York City Transitional Finance Authority Future Tax Secured Revenue<br> Series D-1 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-26 | 5000 | 5097 |
| New York Liberty Development Corp.<br> 4 World Trade Center Project, Series A | &nbsp;&nbsp;2.100 | &nbsp;&nbsp;11-15-32 | 750000 | 689937 |
| New York State Dormitory Authority<br> Cornell University, Series A | &nbsp;&nbsp;5.500 | &nbsp;&nbsp;07-01-54 | 500000 | 545633 |
| New York State Dormitory Authority<br> Rockefeller University, Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-50 | 1000000 | 1028684 |
| New York State Environmental Facilities Corp.<br> Casella Waste System, Inc. Project, Series R-1, AMT (A) | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;09-01-50 | 500000 | 510594 |
| New York Transportation Development Corp.<br> John F. Kennedy International Airport Project, Terminal 4, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-26 | 30000 | 30500 |
| **North Carolina 0.9%** |  |  |  | **1264618** |
| North Carolina Capital Facilities Finance Agency<br> High Point University | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;05-01-33 | 215000 | 226781 |
| North Carolina Capital Facilities Finance Agency<br> High Point University | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;05-01-34 | 750000 | 787638 |
| North Carolina Medical Care Commission<br> The United Methodist Retirement Homes Project, Series 2024B-1 | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;10-01-28 | 250000 | 250199 |
| **North Dakota 0.5%** |  |  |  | **684973** |
| Cass County Joint Water Resource District<br> Series A, GO | &nbsp;&nbsp;3.450 | &nbsp;&nbsp;04-01-27 | 185000 | 185071 |
| City of Bismarck<br> Series T, GO | &nbsp;&nbsp;2.500 | &nbsp;&nbsp;05-01-26 | 500000 | 499902 |
| **Ohio 1.9%** |  |  |  | **2751246** |
| American Municipal Power, Inc.<br> Combined Hydroelectric Projects, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-15-33 | 400000 | 462683 |
| City of Columbus<br> Series A, GO | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;08-15-32 | 750000 | 750158 |
| County of Fayette, GO (B) | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;12-01-32 | 400000 | 401337 |
| County of Ohio<br> The Highlands Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-01-32 | 365000 | 395921 |
| Jefferson County Port Authority<br> JSW Steel Project, AMT (A) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-53 | 300000 | 307694 |
| North Lawrence Community Schools Building Corp.<br> First Mortgage | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-15-32 | 250000 | 283759 |
| Ohio Air Quality Development Authority<br> FirstEnergy, Series D | &nbsp;&nbsp;3.375 | &nbsp;&nbsp;08-01-29 | 150000 | 149694 |

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8 JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Oklahoma 0.4%** |  |  |  | **$576911** |
| Blaine County Educational Facilities Authority<br> Watonga Public Schools Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-30 | 235000 | 255652 |
| Cleveland Educational Facilities Authority<br> Cleveland Public Schools Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-33 | 285000 | 321259 |
| **Oregon 1.1%** |  |  |  | **1534222** |
| City of Newport<br> Series B, GO (B)(C) | &nbsp;&nbsp;2.615 | &nbsp;&nbsp;06-01-27 | 400000 | 387077 |
| Oregon City School District No. 62<br> Series A, GO (C) | &nbsp;&nbsp;2.460 | &nbsp;&nbsp;06-15-29 | 450000 | 414895 |
| Oregon State Facilities Authority<br> Southern Oregon Goodwill Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-28 | 320000 | 334954 |
| Oregon State Lottery<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-28 | 190000 | 201345 |
| Washington County Oregon School District No.48<br> Series A, GO (C) | &nbsp;&nbsp;2.693 | &nbsp;&nbsp;06-15-31 | 105000 | 91036 |
| Washington County Oregon School District No.48<br> Series A, GO (C) | &nbsp;&nbsp;2.781 | &nbsp;&nbsp;06-15-32 | 125000 | 104915 |
| **Pennsylvania 2.6%** |  |  |  | **3701188** |
| Berks County Municipal Authority<br> Tower Health Project, Series B | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;02-01-40 | 500000 | 458261 |
| Boyertown Area School District, GO (B) | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;11-01-27 | 425000 | 425533 |
| Chester County Industrial Development Authority<br> Avon Grove Charter School | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;03-01-27 | 220000 | 221711 |
| City of Philadelphia Airport Revenue<br> Private Activity, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-31 | 500000 | 556643 |
| Lancaster County Hospital Authority<br> Brethren Village Project | &nbsp;&nbsp;4.250 | &nbsp;&nbsp;07-01-28 | 70000 | 70115 |
| Lancaster County Hospital Authority<br> Masonic Villages Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-32 | 445000 | 500615 |
| Lancaster Industrial Development Authority<br> Landis Homes Retirement Community Project | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;07-01-31 | 200000 | 202904 |
| Pennsylvania Economic Development Financing Authority<br> Energy Supply LLC Project, Series B | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;12-01-38 | 600000 | 602507 |
| Pennsylvania Economic Development Financing Authority<br> Energy Supply LLC Project, Series C | &nbsp;&nbsp;5.250 | &nbsp;&nbsp;12-01-37 | 500000 | 502111 |
| Philadelphia Authority for Industrial Development<br> Philadelphia E&T Charter High School, Series A | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;06-01-31 | 160000 | 160788 |
| **Puerto Rico 1.1%** |  |  |  | **1624168** |
| Puerto Rico Commonwealth<br> CW Guarantee Bond Claims, GO (C) | &nbsp;&nbsp;2.153 | &nbsp;&nbsp;11-01-43 | 270000 | 184275 |
| Puerto Rico Sales Tax Financing Corp.<br> Sales Tax Revenue, Series A-1 (C) | &nbsp;&nbsp;3.063 | &nbsp;&nbsp;07-01-27 | 1500000 | 1439893 |
| **Rhode Island 0.4%** |  |  |  | **567047** |
| Rhode Island Health and Educational Building Corp.<br> RI Properties LLC Project, Series A (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-32 | 210000 | 232468 |
| Rhode Island Health and Educational Building Corp.<br> RI Properties LLC Project, Series A (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-01-33 | 300000 | 334579 |
| **South Carolina 1.7%** |  |  |  | **2418342** |
| Fort Mill School District No. 4<br> Series E, GO | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;03-01-31 | 220000 | 220934 |
| Richland County School District No. 1<br> Series D, GO | &nbsp;&nbsp;3.500 | &nbsp;&nbsp;03-01-28 | 350000 | 350230 |
| South Carolina Jobs-Economic Development Authority<br> Wofford College | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;04-01-27 | 25000 | 25041 |
| South Carolina Public Service Authority<br> Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-30 | 295000 | 296895 |
| South Carolina Public Service Authority<br> Series A (D) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-33 | 1000000 | 1170200 |
| South Carolina Transportation Infrastructure Bank<br> Series A | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;10-01-33 | 355000 | 355042 |

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SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT 9

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Tennessee 5.2%** |  |  |  | **$7537419** |
| Clarksville Independent School District, GO | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;02-15-34 | 205000 | 188791 |
| Knoxville Industrial Development Board<br> Maplehurst Park Apartments Project (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;11-01-30 | 750000 | 752474 |
| Tennergy Corp.<br> Series A | &nbsp;&nbsp;&nbsp;&nbsp;5.500 | &nbsp;&nbsp;10-01-53 | 2500000 | 2723792 |
| Tennessee Energy Acquisition Corp.<br> Series A | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-34 | 3000000 | 3322926 |
| Tennessee Energy Acquisition Corp.<br> Series A | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-35 | 500000 | 549436 |
| **Texas 10.2%** |  |  |  | **14811860** |
| Alief Independent School District, GO | &nbsp;&nbsp;&nbsp;&nbsp;2.000 | &nbsp;&nbsp;02-15-35 | 530000 | 468700 |
| Boerne Independent School District, GO | &nbsp;&nbsp;&nbsp;&nbsp;3.125 | &nbsp;&nbsp;02-01-53 | 320000 | 321576 |
| Brazoria County Industrial Development Corp.<br> Aleon Renewable Metals LLC Project, AMT (A)(E) | &nbsp;&nbsp;12.000 | &nbsp;&nbsp;06-01-43 | 93737 | 4687 |
| Brooks Development Authority<br> Series B (A) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-15-47 | 250000 | 265939 |
| City of Georgetown<br> Series A, GO | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;08-15-29 | 775000 | 775300 |
| City of Houston Airport System Revenue<br> United Airlines, Inc. Terminal Project, Series B, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-15-33 | 500000 | 551120 |
| City of Pflugerville<br> Meadowlark Preserve Public Improvement District Project (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.250 | &nbsp;&nbsp;09-01-33 | 350000 | 356334 |
| City of San Antonio Electric & Gas Systems Revenue<br> Series A | &nbsp;&nbsp;&nbsp;&nbsp;3.080 | &nbsp;&nbsp;02-01-55 | 500000 | 505942 |
| City of San Antonio Electric & Gas Systems Revenue<br> Series A | &nbsp;&nbsp;&nbsp;&nbsp;3.150 | &nbsp;&nbsp;02-01-55 | 1120000 | 1137379 |
| Dallas Fort Worth International Airport<br> Series A-2, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-50 | 800000 | 896306 |
| Dallas Fort Worth International Airport<br> Series C, AMT | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;11-01-30 | 500000 | 554900 |
| Decatur Hospital Authority<br> Wise Health System, Series B | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-30 | 225000 | 247901 |
| Elevon Municipal Utility District No. 1-A, GO (B) | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;09-01-33 | 310000 | 321147 |
| Gulf Coast Industrial Development Authority<br> CITGO Petroleum Corp. Project, AMT | &nbsp;&nbsp;&nbsp;&nbsp;8.000 | &nbsp;&nbsp;04-01-28 | 500000 | 500823 |
| Harris County Municipal Utility District No. 171<br> Series A, GO (B) | &nbsp;&nbsp;&nbsp;&nbsp;3.000 | &nbsp;&nbsp;12-01-32 | 200000 | 199314 |
| Harrisburg Redevelopment Authority (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-30 | 450000 | 493709 |
| Houston Independent School District<br> Series A, GO | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;07-15-45 | 1000000 | 1056411 |
| Lake Houston Redevelopment Authority<br> Reinvestment Zone No. 10 | &nbsp;&nbsp;&nbsp;&nbsp;4.000 | &nbsp;&nbsp;09-01-35 | 50000 | 50468 |
| Las Varas Public Facility Corp.<br> Central at Commerce, Series A | &nbsp;&nbsp;&nbsp;&nbsp;3.350 | &nbsp;&nbsp;11-01-44 | 1700000 | 1707159 |
| Montgomery County Higher Education and Health Authority<br> Thomas Jefferson University Project | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-26 | 230000 | 232916 |
| Montgomery County Municipal Utility District No. 111, GO (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-29 | 120000 | 129555 |
| Montgomery County Municipal Utility District No. 111, GO (B) | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;09-01-30 | 130000 | 142911 |
| New Hope Cultural Education Facilities Finance Corp.<br> Bella Vida Facility Living Project, Series B-1 | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;10-01-30 | 250000 | 250290 |
| New Hope Cultural Education Facilities Finance Corp.<br> Legacy Midtown Park Project, Series A | &nbsp;&nbsp;&nbsp;&nbsp;5.250 | &nbsp;&nbsp;07-01-32 | 100000 | 102545 |
| Newark Higher Education Finance Corp.<br> Village Tech Schools, Series A | &nbsp;&nbsp;&nbsp;&nbsp;4.375 | &nbsp;&nbsp;08-15-29 | 210000 | 210027 |
| Port Authority of Houston<br> Series A, AMT, GO | &nbsp;&nbsp;&nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-32 | 345000 | 364036 |
| Port of Beaumont Industrial Development Authority<br> Jefferson Gulf Coast Energy Project, Series B (A) | &nbsp;&nbsp;&nbsp;&nbsp;4.100 | &nbsp;&nbsp;01-01-28 | 250000 | 228146 |
| Port of Beaumont Navigation District<br> Jefferson Gulf Coast Energy Project, Series B (A) | &nbsp;&nbsp;10.000 | &nbsp;&nbsp;07-01-26 | 540000 | 541174 |
| Texas Municipal Gas Acquisition & Supply Corp.<br> Series D | &nbsp;&nbsp;&nbsp;&nbsp;6.250 | &nbsp;&nbsp;12-15-26 | 555000 | 571333 |

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10 JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

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| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Rate (%)** | &nbsp;&nbsp;**Maturity date** | **Par value^** | **Value** |
| **Texas (continued)** |  |  |  |  |
| Texas Municipal Gas Acquisition & Supply Corp. VI | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-36 | 1000000 | $1102287 |
| Texas Public Finance Authority<br> Texas Southern University | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;05-01-26 | 520000 | 521525 |
| **Utah 1.2%** |  |  |  | **1812524** |
| Mida Mountain Village Public Infrastructure District<br> Series 2 (0.000% to 6-1-31, then 5.000% thereafter) (A) | &nbsp;&nbsp;0.000 | &nbsp;&nbsp;06-01-35 | 350000 | 278628 |
| State of Utah, GO | &nbsp;&nbsp;3.000 | &nbsp;&nbsp;07-01-34 | 1250000 | 1247763 |
| Utah Infrastructure Agency<br> Telecommunication Revenue | &nbsp;&nbsp;4.000 | &nbsp;&nbsp;10-15-28 | 140000 | 142434 |
| Utah Infrastructure Agency<br> Telecommunication Revenue | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-15-29 | 135000 | 143699 |
| **Vermont 0.2%** |  |  |  | **257443** |
| Vermont Economic Development Authority<br> Casella Waste System, Inc. Project, Series A-2, AMT (A) | &nbsp;&nbsp;4.375 | &nbsp;&nbsp;06-01-52 | 250000 | 257443 |
| **Virginia 0.6%** |  |  |  | **867137** |
| Virginia Beach Development Authority<br> Westminster-Canterbury on Chesapeake Bay, Series B-1 | &nbsp;&nbsp;6.250 | &nbsp;&nbsp;09-01-30 | 200000 | 202045 |
| Virginia Housing Development Authority<br> Series G | &nbsp;&nbsp;3.125 | &nbsp;&nbsp;07-01-56 | 665000 | 665092 |
| **Washington 1.5%** |  |  |  | **2153094** |
| Klickitat County Public Utility District No. 1<br> Electric Revenue Refunding (B) | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-32 | 300000 | 344871 |
| Metropolitan Washington Airports Authority Aviation Revenue<br> Series A, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;10-01-30 | 400000 | 443257 |
| Port of Seattle<br> Series B, AMT | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;08-01-26 | 500000 | 505194 |
| Washington Economic Development Finance Authority<br> Husky Terminal Improvement Project, AMT | &nbsp;&nbsp;5.875 | &nbsp;&nbsp;12-01-45 | 500000 | 508453 |
| Washington State Housing Finance Commission<br> Horizon House Project, Series B-1 | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;01-01-35 | 350000 | 351319 |
| **Wisconsin 3.3%** |  |  |  | **4786894** |
| Public Finance Authority<br> Campus Real Estate Holding Corp. LLC Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-01-30 | 200000 | 210071 |
| Public Finance Authority<br> Driftwood Golf and Ranch Club Project, GO (A)(C) | &nbsp;&nbsp;6.445 | &nbsp;&nbsp;12-15-39 | 327000 | 136439 |
| Public Finance Authority<br> Kawa Fund, Ltd., Class A, Series 1 | &nbsp;&nbsp;3.625 | &nbsp;&nbsp;06-15-63 | 1500000 | 1502151 |
| Public Finance Authority<br> KSU Bixby Real Estate Foundation LLC Project, Series A | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;06-15-28 | 315000 | 329944 |
| Public Finance Authority<br> Maniilaq Association Employee Housing Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-31 | 550000 | 606535 |
| Public Finance Authority<br> Maniilaq Association Employee Housing Project | &nbsp;&nbsp;5.000 | &nbsp;&nbsp;12-01-32 | 550000 | 610334 |
| Public Finance Authority<br> Midtown Project (A)(C) | &nbsp;&nbsp;5.859 | &nbsp;&nbsp;12-15-34 | 295000 | 177499 |
| Public Finance Authority<br> Sky Harbour Capital III LLC Aviation Facilities Project, AMT (A) | &nbsp;&nbsp;6.000 | &nbsp;&nbsp;07-01-60 | 1000000 | 1023854 |
| Wisconsin Health & Educational Facilities Authority<br> Three Pillars Senior Living Communities, Series B-2 | &nbsp;&nbsp;4.200 | &nbsp;&nbsp;08-15-28 | 190000 | 190067 |
| **Corporate bonds 0.1%** |  |  |  | **$114000** |
| (Cost $253,324) |  |  |  |  |
| **Materials 0.1%** |  |  |  | &nbsp;&nbsp;&nbsp;**114000** |
| **Paper and forest products 0.1%** |  |  |  |  |
| Domtar Corp. (A) | &nbsp;&nbsp;6.750 | &nbsp;&nbsp;10-01-28 | 150000 | &nbsp;&nbsp;&nbsp;&nbsp;114000 |

---

SEE NOTES TO FUND'S INVESTMENTS JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT 11

------

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Yield (%)** | **Shares** | **Value** |
| **Short-term investments 6.9%** |  |  | **$10050278** |
| (Cost $10,050,809) |  |  |  |
| **Short-term funds 6.9%** |  |  |  |
| John Hancock Collateral Trust (F) | &nbsp;&nbsp;3.5447(G) | 1004726 | 10050278 |
| **Total investments (Cost $151,134,916) 105.6%** | **Total investments (Cost $151,134,916) 105.6%** |  | **$153199703** |
| **Other assets and liabilities, net (5.6%)** |  |  | **(8078447)** |
| **Total net assets 100.0%** |  |  | **$145121256** |

---

---

| | |
|:---|:---|
| The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. | The percentage shown for each investment category is the total value of the category as a percentage of the net assets of the fund. |
| ^All par values are denominated in U.S. dollars unless otherwise indicated. | ^All par values are denominated in U.S. dollars unless otherwise indicated. |
| **Security Abbreviations and Legend** | **Security Abbreviations and Legend** |
| AMT | Interest earned from these securities may be considered a tax preference item for purpose of the Federal Alternative Minimum Tax. |
| GO | General Obligation |
| (A) | This security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold, normally to qualified institutional buyers, in transactions exempt from registration. Rule 144A securities amounted to $20,526,952 or 14.1% of the fund's net assets as of 2-28-26. |
| (B) | Bond is insured by one or more of the companies listed in the insurance coverage table below. |
| (C) | Zero coupon bonds are issued at a discount from their principal amount in lieu of paying interest periodically. Rate shown is the effective yield at period end. |
| (D) | Security purchased or sold on a when-issued or delayed-delivery basis. |
| (E) | Non-income producing - Issuer is in default. |
| (F) | Investment is an affiliate of the fund, the advisor and/or subadvisor. |
| (G) | The rate shown is the annualized seven-day yield as of 2-28-26. |

---

---

| | |
|:---|:---|
| **Insurance Coverage** | &nbsp;&nbsp;**As a % of total<br> investments** |
| Assured Guaranty Corp. | &nbsp;&nbsp;&nbsp;4.1 |
| Build America Mutual Assurance Company | &nbsp;&nbsp;&nbsp;2.4 |
| **TOTAL** | &nbsp;&nbsp;**6.5** |

---

The fund had the following portfolio composition as a percentage of net assets on 2-28-26:

---

| | |
|:---|:---|
| **General obligation bonds** | &nbsp;&nbsp;&nbsp;**15.0%** |
| **Revenue bonds** | &nbsp;&nbsp;&nbsp;**83.6%** |
| Other revenue | &nbsp;&nbsp;&nbsp;&nbsp;29.6% |
| Health care | &nbsp;&nbsp;&nbsp;&nbsp;10.9% |
| Housing | &nbsp;&nbsp;&nbsp;&nbsp;10.6% |
| Airport | &nbsp;&nbsp;&nbsp;&nbsp;8.5% |
| Development | &nbsp;&nbsp;&nbsp;&nbsp;7.7% |
| Education | &nbsp;&nbsp;&nbsp;&nbsp;5.0% |
| Utilities | &nbsp;&nbsp;&nbsp;&nbsp;4.4% |
| Pollution | &nbsp;&nbsp;&nbsp;&nbsp;4.2% |
| Water and sewer | &nbsp;&nbsp;&nbsp;&nbsp;1.9% |
| Transportation | &nbsp;&nbsp;&nbsp;&nbsp;0.8% |
| **Corporate bonds** | &nbsp;&nbsp;&nbsp;&nbsp;**0.1%** |
| **Short-term investments and other** | &nbsp;&nbsp;&nbsp;&nbsp;**1.3%** |
| **TOTAL** | **100.0%** |

---

12 JOHN HANCOCK SHORT DURATION MUNICIPAL OPPORTUNITIES FUND \| QUARTERLY REPORT SEE NOTES TO FUND'S INVESTMENTS

------

Notes to Fund's investments (unaudited)

**Security valuation. Investments are stated at value as of the scheduled close of regular trading on the New York Stock Exchange (NYSE), normally at 4:00 P.M., Eastern Time. In case of emergency or other disruption resulting in the NYSE not opening for trading or the NYSE closing at a time other than the regularly scheduled close, the net asset value (NAV) may be determined as of the regularly scheduled close of the NYSE pursuant to the Valuation Policies and Procedures of the Advisor, John Hancock Investment Management LLC, the fund's valuation designee.**

In order to value the securities, the fund uses the following valuation techniques: Debt obligations are typically valued based on evaluated prices provided by an independent pricing vendor. Independent pricing vendors utilize matrix pricing, which takes into account factors such as institutional-size trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics and other market data, as well as broker supplied prices. Investments by the fund in open-end mutual funds, including John Hancock Collateral Trust (JHCT), are valued at their respective NAVs each business day.

Other portfolio securities and assets, for which reliable market quotations are not readily available, are valued at fair value as determined in good faith by the Pricing Committee following procedures established by the Advisor and adopted by the Board of Trustees. The frequency with which these fair valuation procedures are used cannot be predicted and fair value of securities may differ significantly from the value that would have been used had a ready market for such securities existed.

The fund uses a three tier hierarchy to prioritize the pricing assumptions, referred to as inputs, used in valuation techniques to measure fair value. Level 1 includes securities valued using quoted prices in active markets for identical securities, including registered investment companies. Level 2 includes securities valued using other significant observable inputs. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these inputs are received from independent pricing vendors and brokers and are based on an evaluation of the inputs described. Level 3 includes securities valued using significant unobservable inputs when market prices are not readily available or reliable, including the Advisor's assumptions in determining the fair value of investments. Factors used in determining value may include market or issuer specific events or trends, changes in interest rates and credit quality. The inputs or methodology used for valuing securities are not necessarily an indication of the risks associated with investing in those securities. Changes in valuation techniques and related inputs may result in transfers into or out of an assigned level within the disclosure hierarchy.

The following is a summary of the values by input classification of the fund's investments as of February 28, 2026, by major security category or type:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Total<br> value at<br> 2-28-26** | **Level 1<br> quoted<br> price** | **Level 2<br> significant<br> observable<br> inputs** | **Level 3<br> significant<br> unobservable<br> inputs** |
| **Investments in securities:** |  |  |  |  |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal bonds | **$143035425** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $143035425 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate bonds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**114000** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-term investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10050278** | $10050278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| **Total investments in securities** | **$153199703** | **$10050278** | **$143149425** | **—** |

---

**Investment in affiliated underlying funds. The fund may invest in affiliated underlying funds that are managed by the Advisor and its affiliates. Information regarding the fund's fiscal year to date purchases and sales of the affiliated underlying funds as well as income and capital gains earned by the fund, if any, is as follows:**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  |  | **Dividends and distributions** | **Dividends and distributions** |  |
| **Affiliate** | **Ending<br> share<br> amount** | **Beginning<br> value** | **Cost of<br> purchases** | **Proceeds<br> from shares<br> sold** | **Realized<br> gain<br> (loss)** | **Change in<br> unrealized<br> appreciation<br> (depreciation)** | **Income<br> distributions<br> received** | **Capital gain<br> distributions<br> received** | **Ending<br> value** |
| John Hancock Collateral Trust | 1004726 | $195 | $73908442 | $(63858187) | $359 | $(531) | $86065 |  | $10050278 |

---

For additional information on the fund's significant accounting policies and risks, please refer to the fund's most recent semiannual or annual shareholder report and prospectus.

\|<sub>13</sub>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** John Hancock Municipal Securities Trust

- **b. Investment Company Act file number:** 811-05968

- **c. CIK number of Registrant:** 0000857769

- **d. LEI of Registrant:** 5493008ZYLKE3XZXD331

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

  - **Street Address 1:** 200 Berkeley Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02116

  - **Telephone number:** 617-543-9634

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

- **a. Name of Series:** Short Duration Municipal Opportunities Fund

- **b. EDGAR series identifier (if any):** S000076502

- **c. LEI of Series:** 549300NOMBMITCW4PQ97

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

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

- **b. Date as of which information is reported:** 2026-02-28

**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:** $153271450.96

**Total Liabilities:** $9313141.22

**Net Assets:** $143958309.74

**Delayed Delivery Securities:** $7111070.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -382.931203000000 | **1-Year:** -5827.818351000000 | **5-Year:** -26980.110432000000 | **10-Year:** -20393.470994000000 | **30-Year:** -884.104579000000

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

- **3-Month:** -76.360936000000 | **1-Year:** -845.887585000000 | **5-Year:** -2743.203833000000 | **10-Year:** -1193.628683000000 | **30-Year:** -56.609144000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236445 | 0.21%                | 0.98%                | 0.78%                |
| Class ID C000236446 | 0.09%                | 1.06%                | 0.76%                |
| Class ID C000236447 | 0.12%                | 0.99%                | 0.70%                |
| Class ID C000236448 | 0.20%                | 0.97%                | 0.77%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-34828.89               | $-59460.08                                 |
| Month 2  | $141471.34               | $664128.24                                 |
| Month 3  | $68095.09                | $601758.78                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pennsylvania Economic Development Financing Authority                  | PENNSYLVANIA ECONOMIC DEVELOPM PASDEV 12/37 ADJUSTABLE VAR   | CUSIP: 708686ET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502111.45    | 0.35%             | 2037-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                      | PHILADELPHIA AUTHORITY FOR IND PHIEDU 06/31 FIXED 4          | CUSIP: 71780CBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160788.37    | 0.11%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF PHILADELPHIA PA AIRPOR PHIAPT 07/31 FIXED 5                    | CITY OF PHILADELPHIA PA AIRPOR PHIAPT 07/31 FIXED 5          | CUSIP: 717817XM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $556643.35    | 0.39%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Of Beaumont Industrial Development Authority                      | PORT OF BEAUMONT INDUSTRIAL DE PTBDEV 01/28 FIXED 4.1        | CUSIP: 73358SAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228145.65    | 0.16%             | 2028-01-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs Coalition                                          | SOUTH CAROLINA JOBS-ECONOMIC D SCSDEV 04/27 FIXED 5          | CUSIP: 837031UX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25040.82     | 0.02%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                | SOUTH CAROLINA PUBLIC SERVICE SCSUTL 12/30 FIXED 5           | CUSIP: 837151PL7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    295000 | PA      | $296894.81    | 0.21%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                      | SOUTH CAROLINA TRANSPORTATION SCSTRN 10/33 FIXED 3           | CUSIP: 837152UH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $355042.00    | 0.25%             | 2033-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                             | STAMFORD HOUSING AUTHORITY STMHSG 10/32 FIXED 4.75           | CUSIP: 852640AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $226647.80    | 0.16%             | 2032-10-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| New Orleans City of                                                    | CITY OF NEW ORLEANS LA NEW 12/31 FIXED 5                     | CUSIP: 64763FF79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $888545.20    | 0.62%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corporation                               | NEW YORK LIBERTY DEVELOPMENT C NYCDEV 11/32 FIXED 2.1        | CUSIP: 649519DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $689936.70    | 0.48%             | 2032-11-15      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY TRANSITIONAL FIN NYCGEN 11/26 FIXED 5                    | NEW YORK CITY TRANSITIONAL FIN NYCGEN 11/26 FIXED 5          | CUSIP: 64971XN20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5097.25      | 0.00%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                        | NEW YORK CITY MUNICIPAL WATER NYCUTL 06/35 FIXED 5           | CUSIP: 64972GP32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $181726.65    | 0.13%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Decatur Hospital Authority                                             | DECATUR HOSPITAL AUTHORITY DECMED 09/30 FIXED 5              | CUSIP: 243323CZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $247900.84    | 0.17%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent School District No. 879                                    | DELANO INDEPENDENT SCHOOL DIST DELSCD 02/28 FIXED 3          | CUSIP: 245685MG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690156.15    | 0.48%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                              | DELAWARE COUNTY AUTHORITY DELGEN 07/31 FIXED 5               | CUSIP: 245913MK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30991.19     | 0.02%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELAWARE STATE ECONOMIC DEVELO DESDEV 01/31 FIXED 3.6                  | DELAWARE STATE ECONOMIC DEVELO DESDEV 01/31 FIXED 3.6        | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $726981.50    | 0.50%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DELAWARE STATE ECONOMIC DEVELO DESDEV 10/45 ADJUSTABLE VAR             | DELAWARE STATE ECONOMIC DEVELO DESDEV 10/45 ADJUSTABLE VAR   | CUSIP: 246387SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $515859.05    | 0.36%             | 2045-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Nevada Department of Business and Industry                             | STATE OF NEVADA DEPARTMENT OF DIRDEV 01/65 ADJUSTABLE VAR    | CUSIP: 25457VBV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $272700.00    | 0.19%             | 2065-01-01      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                            | DISTRICT OF COLUMBIA HOUSING F DISMFH 02/30 ADJUSTABLE VAR   | CUSIP: 25477PQJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009913.40   | 0.70%             | 2030-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| City of Eden Prairie MN                                                | CITY OF EDEN PRAIRIE MN EDE 02/33 FIXED 2                    | CUSIP: 279518GQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $463688.20    | 0.32%             | 2033-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ELEVON MUNICIPAL UTILITY DISTR ELVUTL 09/33 FIXED 4                    | ELEVON MUNICIPAL UTILITY DISTR ELVUTL 09/33 FIXED 4          | CUSIP: 28626FAJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $321146.79    | 0.22%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                | ENERGY SOUTHEAST A COOPERATIVE ESDPWR 07/54 ADJUSTABLE VAR   | CUSIP: 292723BN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552082.70    | 0.38%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                | ENERGY SOUTHEAST A COOPERATIVE ESDPWR 09/33 FIXED 5          | CUSIP: 292723CN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $529765.85    | 0.37%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                | ENERGY SOUTHEAST A COOPERATIVE ESDPWR 11/35 FIXED 5          | CUSIP: 292723CU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $546556.65    | 0.38%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fall River City of                                                     | CITY OF FALL RIVER MA FAL 12/32 FIXED 2                      | CUSIP: 306297W73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $377898.16    | 0.26%             | 2032-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Farmingdale UFSD                                                       | FARMINGDALE UNION FREE SCHOOL FARSCD 09/34 FIXED 2           | CUSIP: 311117HD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $227197.71    | 0.16%             | 2034-09-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF FAYETTE OH FAY 12/32 FIXED 3                                 | COUNTY OF FAYETTE OH FAY 12/32 FIXED 3                       | CUSIP: 312441JR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $401337.40    | 0.28%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FIDDLERS BUSINESS IMPROVEMENT FIDDEV 12/32 FIXED 5                     | FIDDLERS BUSINESS IMPROVEMENT FIDDEV 12/32 FIXED 5           | CUSIP: 315730AW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104275.25    | 0.07%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                         | BLACK BELT ENERGY GAS DISTRICT BBEUTL 11/56 ADJUSTABLE VAR   | CUSIP: 09182TGL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1847830.62   | 1.28%             | 2056-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                         | BLACK BELT ENERGY GAS DISTRICT BBEUTL 10/35 FIXED 5          | CUSIP: 09182TGM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092598.30   | 0.76%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                       | NORTH CAROLINA CAPITAL FACILIT NCSEDU 05/33 FIXED 4          | CUSIP: 65818PNP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $226780.75    | 0.16%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency                       | NORTH CAROLINA CAPITAL FACILIT NCSEDU 05/34 FIXED 4          | CUSIP: 65818PNR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $787638.30    | 0.55%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                | NEW YORK CITY HOUSING DEVELOPM NYCHSG 11/65 ADJUSTABLE VAR   | CUSIP: 64972KNM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013939.90   | 0.70%             | 2065-11-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corporation                    | NEW YORK STATE ENVIRONMENTAL F NYSENV 09/50 ADJUSTABLE VAR   | CUSIP: 649852AS9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510593.90    | 0.35%             | 2050-09-01      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                         | BLACK BELT ENERGY GAS DISTRICT BBEUTL 05/55 ADJUSTABLE VAR   | CUSIP: 09182TEV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $784473.00    | 0.54%             | 2056-05-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                         | BLACK BELT ENERGY GAS DISTRICT BBEUTL 08/32 FIXED 5.25       | CUSIP: 09182TGJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067891.60   | 0.74%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                         | BLACK BELT ENERGY GAS DISTRICT BBEUTL 12/30 FIXED 5          | CUSIP: 09182TGX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $920237.88    | 0.64%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLAINE COUNTY EDUCATIONAL FACI BLAEDU 12/30 FIXED 5                    | BLAINE COUNTY EDUCATIONAL FACI BLAEDU 12/30 FIXED 5          | CUSIP: 092746AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $255652.41    | 0.18%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albany County Airport Authority                                        | ALBANY COUNTY AIRPORT AUTHORIT ALBAPT 12/26 FIXED 5          | CUSIP: 012123NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $483958.03    | 0.34%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alief Independent School District                                      | ALIEF INDEPENDENT SCHOOL DISTR ALFSCD 02/35 FIXED 2          | CUSIP: 016249SQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $468700.31    | 0.33%             | 2035-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Boerne Independent School District                                     | BOERNE INDEPENDENT SCHOOL DIST BOESCD 02/53 ADJUSTABLE VAR   | CUSIP: 097067NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $321575.78    | 0.22%             | 2053-02-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| BOYERTOWN AREA SCHOOL DISTRICT BOYSCD 11/27 FIXED 4                    | BOYERTOWN AREA SCHOOL DISTRICT BOYSCD 11/27 FIXED 4          | CUSIP: 103405RD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425533.12    | 0.30%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc.                                          | AMERICAN MUNICIPAL POWER INC AMEPWR 02/33 FIXED 5            | CUSIP: 02765UUA0<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    400000 | PA      | $462683.08    | 0.32%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                               | ARIZONA BOARD OF REGENTS AZSHGR 06/37 FIXED 5                | CUSIP: 040484NX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15101.30     | 0.01%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                | SOUTH CAROLINA PUBLIC SERVICE SCSUTL 12/33 FIXED 5           | CUSIP: 83715BAF4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1170199.70   | 0.81%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH MARYLAND CREEK RANCH MET SMDFAC 12/29 FIXED 5                    | SOUTH MARYLAND CREEK RANCH MET SMDFAC 12/29 FIXED 5          | CUSIP: 838797AH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $210516.68    | 0.15%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority a Cooperative District                      | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 01/54 ADJUSTABLE VAR   | CUSIP: 84136FBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $288146.59    | 0.20%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority a Cooperative District                      | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 03/55 ADJUSTABLE VAR   | CUSIP: 84136HBT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535439.45    | 0.37%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority a Cooperative District                      | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 05/55 ADJUSTABLE VAR   | CUSIP: 84136HCF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $335796.28    | 0.23%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                 | CALIFORNIA STATEWIDE COMMUNITI CASGEN 05/33 ADJUSTABLE VAR   | CUSIP: 13080SXY5<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    480000 | PA      | $528320.69    | 0.37%             | 2033-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Independent School District No. 911                                    | CAMBRIDGE-ISANTI INDEPENDENT S CAMSCD 02/34 FIXED 2          | CUSIP: 132375QQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $635676.26    | 0.44%             | 2034-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CANYON FALLS MUNICIPAL UTILITY CNFUTL 02/31 FIXED 4                    | CANYON FALLS MUNICIPAL UTILITY CNFUTL 02/31 FIXED 4          | CUSIP: 138851DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104793.83    | 0.07%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CANYON FALLS MUNICIPAL UTILITY CNFUTL 02/31 FIXED 4                    | CANYON FALLS MUNICIPAL UTILITY CNFUTL 02/31 FIXED 4          | CUSIP: 138851EF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $151951.05    | 0.11%             | 2031-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                               | ARIZONA INDUSTRIAL DEVELOPMENT AZSEDU 07/60 ADJUSTABLE VAR   | CUSIP: 04052BTS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155583.98    | 0.11%             | 2060-07-01      | Variable      | 4.88%                 | No            |                  2 | On Loan: No      |
| CITY OF ATLANTA GA AIRPORT PAS ATLAPT 07/26 FIXED 5                    | CITY OF ATLANTA GA AIRPORT PAS ATLAPT 07/26 FIXED 5          | CUSIP: 04780TEC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504215.20    | 0.35%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUGUSTA DEVELOPMENT AUTHORITY AGSDEV 07/26 FIXED 5                     | AUGUSTA DEVELOPMENT AUTHORITY AGSDEV 07/26 FIXED 5           | CUSIP: 05115CAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251899.35    | 0.17%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BALDWIN COUNTY INDUSTRIAL DEVE BLWPOL 06/55 ADJUSTABLE VAR             | BALDWIN COUNTY INDUSTRIAL DEVE BLWPOL 06/55 ADJUSTABLE VAR   | CUSIP: 05786PAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314006.79    | 0.22%             | 2055-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority a Cooperative District                      | SOUTHEAST ENERGY AUTHORITY A C SEEPWR 10/30 FIXED 5          | CUSIP: 84136HCT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1362276.75   | 0.95%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Industrial Development Authority of the City of St. Louis Missouri | INDUSTRIAL DEVELOPMENT AUTHORI STLGEN 06/34 FIXED 4.875      | CUSIP: 85237JAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $332505.66    | 0.23%             | 2034-06-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTHORITY CTSEDU 06/34 FIXED 5                           | CAPITAL TRUST AUTHORITY CTSEDU 06/34 FIXED 5                 | CUSIP: 14054WAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $319558.20    | 0.22%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CASS COUNTY JOINT WATER RESOUR CASWTR 04/27 FIXED 3.45                 | CASS COUNTY JOINT WATER RESOUR CASWTR 04/27 FIXED 3.45       | CUSIP: 14805PBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185071.21    | 0.13%             | 2027-04-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                          | CENTRAL PLAINS ENERGY PROJECT CENPWR 08/55 ADJUSTABLE VAR    | CUSIP: 154872AY1<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272437.23    | 0.19%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| The Industrial Development Authority Of The City Of Chandler           | CHANDLER INDUSTRIAL DEVELOPMEN CHADEV 09/52 ADJUSTABLE VAR   | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $459541.35    | 0.32%             | 2052-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| The Industrial Development Authority Of The City Of Chandler           | CHANDLER INDUSTRIAL DEVELOPMEN CHADEV 06/49 ADJUSTABLE VAR   | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $406356.80    | 0.28%             | 2049-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                        | CHESTER COUNTY INDUSTRIAL DEVE CHEDEV 03/27 FIXED 5          | CUSIP: 165588FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $221711.23    | 0.15%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Baltimore City of                                                      | CITY OF BALTIMORE MD BALGEN 06/35 FIXED OID 4                | CUSIP: 05923TDC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304780.29    | 0.21%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bismarck City of                                                       | CITY OF BISMARCK ND BIS 05/26 FIXED OID 2.5                  | CUSIP: 0915822L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $499901.80    | 0.35%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                   | CHICAGO MIDWAY INTERNATIONAL A CHIAPT 01/32 FIXED 5          | CUSIP: 167562UR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117737.40   | 0.78%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                   | CHICAGO O'HARE INTERNATIONAL A CHITRN 01/27 FIXED 5          | CUSIP: 1675937F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509968.10    | 0.35%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF IOWA/THE SUVHGR 07/28 FIXED 3                            | UNIVERSITY OF IOWA/THE SUVHGR 07/28 FIXED 3                  | CUSIP: 857536UT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250066.93    | 0.17%             | 2028-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CITY OF TAMPA FL WATER + WASTE TAMUTL 10/54 FIXED 5                    | CITY OF TAMPA FL WATER + WASTE TAMUTL 10/54 FIXED 5          | CUSIP: 875291AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1123756.54   | 0.78%             | 2054-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF CHICAGO IL WASTEWATER CHIUTL 01/30 FIXED 5                     | CITY OF CHICAGO IL WASTEWATER CHIUTL 01/30 FIXED 5           | CUSIP: 167727ZS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $230050.49    | 0.16%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon City School District No. 62                                     | OREGON CITY SCHOOL DISTRICT NO CLASCD 06/29 ZEROCPNOID 0     | CUSIP: 179162LC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $414894.60    | 0.29%             | 2029-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                               | NEW HAMPSHIRE BUSINESS FINANCE NHSDEV 04/34 FIXED 5.5        | CUSIP: 644684GF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $84284.84     | 0.06%             | 2034-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                               | NEW HAMPSHIRE BUSINESS FINANCE NHSDEV 04/38 FIXED 5.5        | CUSIP: 644684GG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109709.42    | 0.08%             | 2038-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GRAND VALLEY STATE UNIVERSITY GVYHGR 12/32 FIXED 5                     | GRAND VALLEY STATE UNIVERSITY GVYHGR 12/32 FIXED 5           | CUSIP: 386545LA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502572.70    | 0.35%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                     | GREATER ORLANDO AVIATION AUTHO GREAPT 11/34 FIXED 5.25       | CUSIP: 39227AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $548992.20    | 0.38%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FA NHPFAC 10/30 FIXED 5.25                 | NEW HOPE CULTURAL EDUCATION FA NHPFAC 10/30 FIXED 5.25       | CUSIP: 64542UHH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250290.20    | 0.17%             | 2030-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL EDUCATION FA NHPFAC 07/32 FIXED 5.25                 | NEW HOPE CULTURAL EDUCATION FA NHPFAC 07/32 FIXED 5.25       | CUSIP: 64542UHL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102544.94    | 0.07%             | 2032-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                              | NEW JERSEY ECONOMIC DEVELOPMEN NJSDEV 01/35 FIXED OID 6.375  | CUSIP: 64578TAA2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    500000 | PA      | $526961.15    | 0.37%             | 2035-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology                                     | NEW JERSEY INSTITUTE OF TECHNO NEWHGR 07/36 FIXED 5          | CUSIP: 64579RDU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $595092.00    | 0.41%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey State of                                                    | STATE OF NEW JERSEY NJS 06/27 FIXED 2                        | CUSIP: 646039YY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $497670.80    | 0.35%             | 2027-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing and Mortgage Finance Agency                         | NEW JERSEY HOUSING and MORTGAGE NJSMFH 11/27 FIXED 3.375     | CUSIP: 6461084M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $439638.54    | 0.31%             | 2027-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Industrial Development Authority                            | GULF COAST INDUSTRIAL DEVELOPM GULPOL 04/28 FIXED 8          | CUSIP: 40220MAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500822.55    | 0.35%             | 2028-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Hamden Town of                                                         | TOWN OF HAMDEN CT HAM 01/50 FIXED 5                          | CUSIP: 4067927Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $208252.56    | 0.14%             | 2050-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                         | NEW JERSEY TRANSPORTATION TRUS NJSTRN 06/30 FIXED 5          | CUSIP: 64613CDD7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $556352.80    | 0.39%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brazoria County Industrial Development Corp                            | BRAZORIA COUNTY INDUSTRIAL DEV BZIFAC 06/43 FIXED 12         | CUSIP: 10604PAF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     93737 | PA      | $4686.84      | 0.00%             | 2043-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEVIEW FINANCE CORP BRDGEN 12/37 FIXED 5                           | BRIDGEVIEW FINANCE CORP BRDGEN 12/37 FIXED 5                 | CUSIP: 108552AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504636.35   | 1.05%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier and Exposition Authority                             | METROPOLITAN PIER and EXPOSITION MPNFAC 12/28 FIXED 5        | CUSIP: 592250FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519046.10    | 0.36%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPOR METAPT 10/35 FIXED 4                    | METROPOLITAN WASHINGTON AIRPOR METAPT 10/35 FIXED 4          | CUSIP: 592647HQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $771611.10    | 0.54%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corporation An Energy Acquisition Corporation                 | TENNERGY CORP/TN TGYPWR 10/53 ADJUSTABLE VAR                 | CUSIP: 880397CF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2723792.25   | 1.89%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corporation                               | TENNESSEE ENERGY ACQUISITION C TNSUTL 12/35 FIXED 5          | CUSIP: 880443JM9<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    500000 | PA      | $549435.90    | 0.38%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                         | BLACK BELT ENERGY GAS DISTRICT BBEUTL 12/35 FIXED 5          | CUSIP: 09182TGW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $824580.15    | 0.57%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITY OF BRIDGEPORT CT BRI 08/27 FIXED 5                                | CITY OF BRIDGEPORT CT BRI 08/27 FIXED 5                      | CUSIP: 108152GS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $176654.11    | 0.12%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPOR METAPT 10/26 FIXED 5                    | METROPOLITAN WASHINGTON AIRPOR METAPT 10/26 FIXED 5          | CUSIP: 592647LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507716.95    | 0.35%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASHINGTON AIRPOR METAPT 10/30 FIXED 5                    | METROPOLITAN WASHINGTON AIRPOR METAPT 10/30 FIXED 5          | CUSIP: 592647MN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $443257.28    | 0.31%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corporation                               | TENNESSEE ENERGY ACQUISITION C TNSUTL 11/34 FIXED 5          | CUSIP: 880443JQ0<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3322927.50   | 2.31%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corporation I               | TEXAS MUNICIPAL GAS ACQUISITIO TXSUTL 12/26 FIXED OID 6.25   | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    555000 | PA      | $571333.43    | 0.40%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FIRETHORN COMMUNITY DEVELOPMEN FTNGEN 05/30 FIXED 4.1                  | FIRETHORN COMMUNITY DEVELOPMEN FTNGEN 05/30 FIXED 4.1        | CUSIP: 31832AAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $479307.59    | 0.33%             | 2030-05-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation                                | FLORIDA DEVELOPMENT FINANCE CO FLSDEV 12/34 FIXED 5          | CUSIP: 34061UDK1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    200000 | PA      | $208514.24    | 0.14%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation                                | FLORIDA DEVELOPMENT FINANCE CO FLSDEV 04/27 FIXED 5          | CUSIP: 34061UEX2<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25592.31     | 0.02%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition And Supply Corpora                     | TEXAS MUNICIPAL GAS ACQUISITIO TGAUTL 01/36 FIXED 5          | CUSIP: 88256FAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102287.40   | 0.77%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                         | TEXAS PUBLIC FINANCE AUTHORITY TXSGEN 05/26 FIXED 5          | CUSIP: 88277PAE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $521524.95    | 0.36%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 11/30 FIXED 5                    | PALM BEACH COUNTY HEALTH FACIL PALMED 11/30 FIXED 5          | CUSIP: 69651ABQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218629.36    | 0.15%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PARK CREEK METROPOLITAN DISTRI PKCGEN 12/35 FIXED 4                    | PARK CREEK METROPOLITAN DISTRI PKCGEN 12/35 FIXED 4          | CUSIP: 700387GX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $489865.17    | 0.34%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CITY OF TOPEKA KS COMBINED UTI TOPUTL 08/27 FIXED OID 3                | CITY OF TOPEKA KS COMBINED UTI TOPUTL 08/27 FIXED OID 3      | CUSIP: 890680KU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250050.25    | 0.17%             | 2027-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRAILS AT CROWFOOT METROPOLITA TRCFAC 12/34 FIXED 5                    | TRAILS AT CROWFOOT METROPOLITA TRCFAC 12/34 FIXED 5          | CUSIP: 89286RAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $200025.60    | 0.14%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patterson Joint Unified School District                                | PATTERSON JOINT UNIFIED SCHOOL PATSCD 08/26 ZEROCPNOID 0     | CUSIP: 703373ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $510207.93    | 0.35%             | 2026-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                  | PENNSYLVANIA ECONOMIC DEVELOPM PASDEV 12/38 ADJUSTABLE VAR   | CUSIP: 708686ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $602507.10    | 0.42%             | 2038-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Trimble County of                                                      | COUNTY OF TRIMBLE KY TRMENV 06/33 FIXED 3.75                 | CUSIP: 896221AD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503384.70    | 0.35%             | 2033-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| USF Financing Corporation                                              | USF FINANCING CORP USFFIN 07/34 FIXED 5                      | CUSIP: 90343SBS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $586495.65    | 0.41%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 1                              | RAMPART RANGE METROPOLITAN DIS RAMGEN 12/26 FIXED 5          | CUSIP: 75157TAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $310707.01    | 0.22%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rampart Range Metropolitan District No. 1                              | RAMPART RANGE METROPOLITAN DIS RAMGEN 12/27 FIXED 5          | CUSIP: 75157TAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $464367.07    | 0.32%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarksville Independent School District                                | CLARKSVILLE INDEPENDENT SCHOOL CLKSCD 02/34 FIXED 2          | CUSIP: 182630DU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $188791.33    | 0.13%             | 2034-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND EDUCATIONAL FACILITI CLVEDU 09/33 FIXED 5                    | CLEVELAND EDUCATIONAL FACILITI CLVEDU 09/33 FIXED 5          | CUSIP: 186433AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $321259.01    | 0.22%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corporation               | RHODE ISLAND HEALTH AND EDUCAT RISMED 07/32 FIXED 5          | CUSIP: 762244NN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $232468.19    | 0.16%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corporation               | RHODE ISLAND HEALTH AND EDUCAT RISMED 07/33 FIXED 5          | CUSIP: 762244NP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $334578.87    | 0.23%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                 | NORTH CAROLINA MEDICAL CARE CO NCSMED 10/28 FIXED 4.25       | CUSIP: 65820YSZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250198.50    | 0.17%             | 2028-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| NORTH LAWRENCE COMMUNITY SCHOO NRLSCD 01/32 FIXED 5                    | NORTH LAWRENCE COMMUNITY SCHOO NRLSCD 01/32 FIXED 5          | CUSIP: 66042REJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $283759.15    | 0.20%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                     | NEW YORK STATE DORMITORY AUTHO NYSHGR 07/50 FIXED 5          | CUSIP: 64990GVH2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028684.00   | 0.71%             | 2050-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport City of                                                        | CITY OF NEWPORT OR NEW 06/27 ZEROCPNOID 0                    | CUSIP: 652300LB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $387076.96    | 0.27%             | 2027-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ohio County of                                                         | COUNTY OF OHIO WV OHSDEV 06/32 FIXED 5                       | CUSIP: 677321BQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $395920.65    | 0.28%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON STATE LOTTERY ORSGEN 04/28 FIXED 5                              | OREGON STATE LOTTERY ORSGEN 04/28 FIXED 5                    | CUSIP: 68607V6A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201344.73    | 0.14%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Beaumont Navigation District of Jefferson County               | PORT OF BEAUMONT NAVIGATION DI PTBTRN 07/26 FIXED 10         | CUSIP: 73360CAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $541173.74    | 0.38%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBGEN 07/60 ADJUSTABLE VAR         | CUSIP: 74442PV28<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023854.00   | 0.71%             | 2060-07-01      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBGEN 06/63 ADJUST OID VAR         | CUSIP: 74449EAA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502151.00   | 1.04%             | 2063-06-15      | Variable      | 3.62%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                            | COMMONWEALTH OF PUERTO RICO PRC 11/43 ADJUSTABLE VAR         | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | PR        |    270000 | PA      | $184275.00    | 0.13%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Collier County Industrial Development Authority                        | COLLIER COUNTY INDUSTRIAL DEVE COLDEV 04/35 FIXED 5          | CUSIP: 194641BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1156497.80   | 0.80%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational and Cultural Facilities Authority                 | COLORADO EDUCATIONAL and CULTURA COSEDU 06/35 FIXED OID 4    | CUSIP: 19645DDG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $432192.80    | 0.30%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH MIAMI COMMUNITY REDEVELO NMIDEV 03/31 FIXED 5                    | NORTH MIAMI COMMUNITY REDEVELO NMIDEV 03/31 FIXED 5          | CUSIP: 661056AG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550719.40    | 0.38%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTHERN KENTUCKY WATER DISTRI NKYWTR 02/29 FIXED OID 3.125            | NORTHERN KENTUCKY WATER DISTRI NKYWTR 02/29 FIXED OID 3.125  | CUSIP: 665306ND4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125017.78    | 0.09%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO SALES TAX FINANCIN PRCGEN 07/27 ZEROCPNOID 0               | PUERTO RICO SALES TAX FINANCIN PRCGEN 07/27 ZEROCPNOID 0     | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | PR        |   1500000 | PA      | $1439892.60   | 1.00%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                   | COLORADO HEALTH FACILITIES AUT COSMED 05/30 FIXED 3          | CUSIP: 19648FSW5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    340000 | PA      | $338695.69    | 0.24%             | 2030-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                 | COLORADO HOUSING AND FINANCE A COSHSG 10/29 FIXED 3.35       | CUSIP: 19648GXF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $439834.01    | 0.31%             | 2029-10-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corporation                                | FLORIDA DEVELOPMENT FINANCE CO FLSDEV 10/54 ADJUSTABLE VAR   | CUSIP: 34061XAG7<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507573.35    | 0.35%             | 2054-10-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDUCATIONAL FAC FLSHGR 04/27 FIXED 5                    | FLORIDA HIGHER EDUCATIONAL FAC FLSHGR 04/27 FIXED 5          | CUSIP: 34073TGA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20033.48     | 0.01%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA HIGHER EDUCATIONAL FAC FLSHGR 04/28 FIXED 5                    | FLORIDA HIGHER EDUCATIONAL FAC FLSHGR 04/28 FIXED 5          | CUSIP: 34073TGB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35064.76     | 0.02%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Local Government Finance Commission                            | FLORIDA LOCAL GOVERNMENT FINAN FLSFAC 11/31 FIXED 4.45       | CUSIP: 34077UAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202724.02    | 0.14%             | 2031-11-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Richland County School District One                                    | RICHLAND COUNTY SCHOOL DISTRIC RICSCD 03/28 FIXED 3.5        | CUSIP: 763665YZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350230.44    | 0.24%             | 2028-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corporation                                   | SALES TAX SECURITIZATION CORP STSGEN 01/34 FIXED 5           | CUSIP: 79467BKA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1159084.60   | 0.81%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                 | OHIO AIR QUALITY DEVELOPMENT A OHSDEV 08/29 ADJUSTABLE VAR   | CUSIP: 677525VZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149694.06    | 0.10%             | 2029-08-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| OREGON STATE FACILITIES AUTHOR ORSFAC 12/28 FIXED 5                    | OREGON STATE FACILITIES AUTHOR ORSFAC 12/28 FIXED 5          | CUSIP: 68608JZG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $334954.02    | 0.23%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRIS COUNTY MUNICIPAL UTILIT HARUTL 12/32 FIXED OID 3                | HARRIS COUNTY MUNICIPAL UTILIT HARUTL 12/32 FIXED OID 3      | CUSIP: 41423TMU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199313.70    | 0.14%             | 2032-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HARRISBURG REDEVELOPMENT AUTHO HRADEV 09/30 FIXED 5                    | HARRISBURG REDEVELOPMENT AUTHO HRADEV 09/30 FIXED 5          | CUSIP: 414832AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $493709.45    | 0.34%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hopewell Valley Regional School District                               | HOPEWELL VALLEY REGIONAL SCHOO HWVSCD 02/32 FIXED OID 1      | CUSIP: 439686LT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1531480.62   | 1.06%             | 2032-02-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/33 FIXED 5.25                 | CITY OF HOUSTON TX AIRPORT SYS HOUAPT 07/33 FIXED 5.25       | CUSIP: 442349HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551120.30    | 0.38%             | 2033-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                    | HOUSTON INDEPENDENT SCHOOL DIS HOUSCD 07/45 ADJUSTABLE VAR   | CUSIP: 442403SH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056411.20   | 0.73%             | 2045-07-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| I-470 WESTERN GATEWAY TRANSPOR WGTTRN 12/29 FIXED 4.5                  | I-470 WESTERN GATEWAY TRANSPOR WGTTRN 12/29 FIXED 4.5        | CUSIP: 44952RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    266000 | PA      | $267061.74    | 0.19%             | 2029-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ILLINOIS DEVELOPMENT FINANCE A ILSDEV 11/39 ADJUSTABLE VAR             | ILLINOIS DEVELOPMENT FINANCE A ILSDEV 11/39 ADJUSTABLE VAR   | CUSIP: 45189FJQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501999.25   | 1.74%             | 2039-11-15      | Variable      | 2.85%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                             | ILLINOIS FINANCE AUTHORITY ILSGEN 06/27 FIXED 4.6            | CUSIP: 45204FQK4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150380.25    | 0.10%             | 2027-06-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                             | ILLINOIS FINANCE AUTHORITY ILSGEN 06/42 FIXED OID 5.375      | CUSIP: 45204FQN8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10044.17     | 0.01%             | 2042-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                             | ILLINOIS FINANCE AUTHORITY ILSGEN 10/35 FIXED 5              | CUSIP: 45204FS48<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    295000 | PA      | $304798.01    | 0.21%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                      | STATE OF ILLINOIS ILS 11/31 FIXED OID 4.125                  | CUSIP: 452152M65<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    575000 | PA      | $578844.80    | 0.40%             | 2031-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 06/26 FIXED 4                    | PALM BEACH COUNTY HEALTH FACIL PALMED 06/26 FIXED 4          | CUSIP: 696507VG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $230175.21    | 0.16%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 06/31 FIXED 4                    | PALM BEACH COUNTY HEALTH FACIL PALMED 06/31 FIXED 4          | CUSIP: 696507VH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10129.74     | 0.01%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                      | STATE OF ILLINOIS ILS 10/29 FIXED 5.25                       | CUSIP: 452153LP2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $548748.20    | 0.38%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| INDEPENDENT CITIES FINANCE AUT IDCGEN 05/32 FIXED 4                    | INDEPENDENT CITIES FINANCE AUT IDCGEN 05/32 FIXED 4          | CUSIP: 45385LMP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $309511.20    | 0.22%             | 2032-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 11/32 FIXED 5                    | PALM BEACH COUNTY HEALTH FACIL PALMED 11/32 FIXED 5          | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $141924.24    | 0.10%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 11/28 FIXED 5                    | PALM BEACH COUNTY HEALTH FACIL PALMED 11/28 FIXED 5          | CUSIP: 69651ABN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15837.43     | 0.01%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City Public Service Board of San Antonio                               | CITY OF SAN ANTONIO TX ELECTRI SANUTL 02/55 ADJUSTABLE VAR   | CUSIP: 79625GNE9<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    500000 | PA      | $505941.50    | 0.35%             | 2055-02-01      | Variable      | 3.08%                 | No            |                  2 | On Loan: No      |
| City Public Service Board of San Antonio                               | CITY OF SAN ANTONIO TX ELECTRI SANUTL 02/55 ADJUSTABLE VAR   | CUSIP: 79625GNU3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1137378.93   | 0.79%             | 2055-02-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY and COUNTY AI SFOAPT 05/32 FIXED 5                  | SAN FRANCISCO CITY and COUNTY AI SFOAPT 05/32 FIXED 5        | CUSIP: 79766DVL0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    400000 | PA      | $457058.64    | 0.32%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERG SSJUTL 01/56 ADJUSTABLE VAR             | SAN JOAQUIN VALLEY CLEAN ENERG SSJUTL 01/56 ADJUSTABLE VAR   | CUSIP: 79811YAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $569482.70    | 0.40%             | 2056-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Forsyth City of                                                        | CITY OF FORSYTH MT FORPOL 07/28 FIXED 3.875                  | CUSIP: 346668DN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $255873.40    | 0.18%             | 2028-07-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Garden City City of                                                    | CITY OF GARDEN CITY KS GAROBL 06/29 FIXED 4                  | CUSIP: 36508AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200660.16    | 0.14%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Garden City City of                                                    | CITY OF GARDEN CITY KS GAROBL 06/33 FIXED OID 4.25           | CUSIP: 36508AAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505568.70    | 0.35%             | 2033-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Georgetown City of                                                     | CITY OF GEORGETOWN TX GGT 08/29 FIXED 3                      | CUSIP: 373029DN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $775300.31    | 0.54%             | 2029-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MAIN STREET ENERGY INC MSEPWR 12/33 FIXED 5                            | MAIN STREET ENERGY INC MSEPWR 12/33 FIXED 5                  | CUSIP: 560354AE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1637346.00   | 1.14%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY MUNICIPAL UT MONUTL 09/30 FIXED 5                    | MONTGOMERY COUNTY MUNICIPAL UT MONUTL 09/30 FIXED 5          | CUSIP: 61370SGJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $142911.00    | 0.10%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VILLAGE OF BEDFORD PARK IL HOT BEDGEN 12/35 FIXED 5                    | VILLAGE OF BEDFORD PARK IL HOT BEDGEN 12/35 FIXED 5          | CUSIP: 07638EBA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $176158.74    | 0.12%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Berks County Municipal Authority                                   | BERKS COUNTY MUNICIPAL AUTHORI BERFAC 02/40 ADJUSTABLE VAR   | CUSIP: 084538JB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $458260.50    | 0.32%             | 2040-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| BOROUGH OF BERNARDSVILLE NJ BRV 08/28 FIXED OID 2.625                  | BOROUGH OF BERNARDSVILLE NJ BRV 08/28 FIXED OID 2.625        | CUSIP: 085383DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199998.86    | 0.14%             | 2028-08-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| City of Birmingham Regional Water Works                                | CITY OF BIRMINGHAM REGIONAL WA BIRWTR 09/26 FIXED 3.75       | CUSIP: 091097AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500045.65    | 0.35%             | 2026-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Columbus City of                                                       | CITY OF COLUMBUS OH COL 08/32 FIXED 3                        | CUSIP: 199492QY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750157.50    | 0.52%             | 2032-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                | DALLAS FORT WORTH INTERNATIONA DALAPT 11/30 FIXED 5          | CUSIP: 23503CDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554899.85    | 0.39%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                | DALLAS FORT WORTH INTERNATIONA DALAPT 11/50 ADJUSTABLE VAR   | CUSIP: 23503CFL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $896306.24    | 0.62%             | 2050-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Davie Town of                                                          | TOWN OF DAVIE FL DAVEDU 04/31 FIXED 5                        | CUSIP: 23867PBL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $347353.28    | 0.24%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA COUNTY PUBLIC HOSPITA SARMED 07/33 FIXED 5                    | SARASOTA COUNTY PUBLIC HOSPITA SARMED 07/33 FIXED 5          | CUSIP: 803301DX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1162674.00   | 0.81%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sarpy County of                                                        | COUNTY OF SARPY NE SAR 06/33 FIXED 1.75                      | CUSIP: 80373FMD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1392461.27   | 0.97%             | 2033-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Sarpy County of                                                        | COUNTY OF SARPY NE SAR 06/34 FIXED OID 1.75                  | CUSIP: 80373FME4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $864563.20    | 0.60%             | 2034-06-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VILLAGE COMMUNITY DEVELOPMENT VGEDEV 05/34 FIXED 4                     | VILLAGE COMMUNITY DEVELOPMENT VGEDEV 05/34 FIXED 4           | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258136.95    | 0.18%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                   | VIRGINIA BEACH DEVELOPMENT AUT VBHDEV 09/30 FIXED 6.25       | CUSIP: 92774NBD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202045.16    | 0.14%             | 2030-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                 | VIRGINIA HOUSING DEVELOPMENT A VASHSG 07/56 ADJUSTABLE VAR   | CUSIP: 92812XRF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $665092.30    | 0.46%             | 2056-07-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                    | LANCASTER COUNTY HOSPITAL AUTH LANMED 11/32 FIXED 5          | CUSIP: 514045Y80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $500614.90    | 0.35%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Industrial Development Authority                             | LANCASTER INDUSTRIAL DEVELOPME LANMED 07/31 FIXED 4          | CUSIP: 51434NAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202904.32    | 0.14%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Las Varas Public Facility Corporation                                  | LAS VARAS PUBLIC FACILITY CORP LAVMFH 11/44 ADJUSTABLE VAR   | CUSIP: 51766AAQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1707158.87   | 1.19%             | 2044-11-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPM LEIMED 04/65 ADJUSTABLE VAR             | LEE COUNTY INDUSTRIAL DEVELOPM LEIMED 04/65 ADJUSTABLE VAR   | CUSIP: 52350LBB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140512.30   | 0.79%             | 2065-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| LEES SUMMIT INDUSTRIAL DEVELOP LEEFAC 08/27 FIXED 5                    | LEES SUMMIT INDUSTRIAL DEVELOP LEEFAC 08/27 FIXED 5          | CUSIP: 524292BD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203079.68    | 0.14%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                | MUNICIPAL ELECTRIC AUTHORITY O MELPWR 01/29 FIXED 5          | CUSIP: 62620HBB7<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10721.55     | 0.01%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                               | NEW HAMPSHIRE BUSINESS FINANCE NFAHSG 10/40 ADJUSTABLE VAR   | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    997514 | PA      | $1017588.60   | 0.71%             | 2040-10-20      | Variable      | 4.15%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                               | NEW HAMPSHIRE BUSINESS FINANCE NFAGEN 12/35 FIXED 5.375      | CUSIP: 63608TAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    543000 | PA      | $543117.67    | 0.38%             | 2035-12-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                               | NEW HAMPSHIRE BUSINESS FINANCE NFAGEN 12/32 ZEROCPNOID 0     | CUSIP: 63608TAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $317150.55    | 0.22%             | 2032-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                              | INDIANA FINANCE AUTHORITY INSMED 10/60 ADJUSTABLE VAR        | CUSIP: 45470YFM8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    110000 | PA      | $120340.11    | 0.08%             | 2060-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                              | INDIANA FINANCE AUTHORITY INSFIN 05/29 FIXED 4.3             | CUSIP: 45506ENK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $513049.95    | 0.36%             | 2029-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Jacksonville Housing Authority                                         | JACKSONVILLE HOUSING AUTHORITY JACHSG 02/34 FIXED 5          | CUSIP: 46940XAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1063912.41   | 0.74%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON COUNTY PORT AUTHORIT JPADEV 12/53 ADJUSTABLE VAR             | JEFFERSON COUNTY PORT AUTHORIT JPADEV 12/53 ADJUSTABLE VAR   | CUSIP: 473318AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307694.40    | 0.21%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH COUNTY HEALTH FACIL PALMED 11/29 FIXED 5                    | PALM BEACH COUNTY HEALTH FACIL PALMED 11/29 FIXED 5          | CUSIP: 69651ABP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75285.46     | 0.05%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Domtar Corporation                                                     | DOMTAR CORP SR SECURED 144A 10/28 6.75                       | CUSIP: 70478JAA2<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | DBT              | CORP              | US        |    150000 | PA      | $114000.00    | 0.08%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Pflugerville City of                                                   | CITY OF PFLUGERVILLE TX PFLGEN 09/33 FIXED OID 4.25          | CUSIP: 71710FAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $356333.74    | 0.25%             | 2033-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port of Houston Authority                                              | PORT AUTHORITY OF HOUSTON OF H PRH 10/32 FIXED 5             | CUSIP: 7342605K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $364036.38    | 0.25%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEES SUMMIT INDUSTRIAL DEVELOP LEEFAC 08/32 FIXED 5                    | LEES SUMMIT INDUSTRIAL DEVELOP LEEFAC 08/32 FIXED 5          | CUSIP: 524292BE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $614588.64    | 0.43%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc.                                           | MAIN STREET NATURAL GAS INC MAIUTL 05/26 FIXED 5             | CUSIP: 56035DBF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $552641.93    | 0.38%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc.                                           | MAIN STREET NATURAL GAS INC MAIUTL 09/52 ADJUSTABLE VAR      | CUSIP: 56035DDX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $476174.70    | 0.33%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc.                                           | MAIN STREET NATURAL GAS INC MAIUTL 07/53 ADJUSTABLE VAR      | CUSIP: 56035DFC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268358.20    | 0.19%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc.                                           | MAIN STREET NATURAL GAS INC MAIUTL 12/53 ADJUSTABLE VAR      | CUSIP: 56035DGB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543726.90    | 0.38%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc.                                           | MAIN STREET NATURAL GAS INC MAIUTL 04/54 ADJUSTABLE VAR      | CUSIP: 56035DHZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544560.75    | 0.38%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc.                                           | MAIN STREET NATURAL GAS INC MAIUTL 12/55 ADJUSTABLE VAR      | CUSIP: 56035DKH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $708498.18    | 0.49%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Finance Authority of Maine                                             | FINANCE AUTHORITY OF MAINE MESPOL 08/35 FIXED 5              | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $162386.81    | 0.11%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health and Higher Educational Facilities Authority            | MARYLAND HEALTH and HIGHER EDUCA MDSMED 07/45 ADJUSTABLE VAR | CUSIP: 57421CAU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50899.72     | 0.04%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health and Higher Educational Facilities Authority            | MARYLAND HEALTH and HIGHER EDUCA MDSMED 08/56 ADJUSTABLE VAR | CUSIP: 57421CNS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130156.80   | 0.79%             | 2056-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                               | MASSACHUSETTS DEVELOPMENT FINA MASDEV 05/27 ADJ CNVFIX 1.25  | CUSIP: 57583HAJ6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3160357.53   | 2.20%             | 2027-05-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                               | MASSACHUSETTS DEVELOPMENT FINA MASDEV 09/30 FIXED 5          | CUSIP: 57584XZ53<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15579.18     | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VISTA RIDGE METROPOLITAN DISTR VISFAC 12/36 FIXED OID 4                | VISTA RIDGE METROPOLITAN DISTR VISFAC 12/36 FIXED OID 4      | CUSIP: 92838EBC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507949.40   | 1.05%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON and MULTNOMAH COUNTIE WASSCD 06/31 ZEROCPNOID 0             | WASHINGTON and MULTNOMAH COUNTIE WASSCD 06/31 ZEROCPNOID 0   | CUSIP: 9384292C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $91035.98     | 0.06%             | 2031-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON and MULTNOMAH COUNTIE WASSCD 06/32 ZEROCPNOID 0             | WASHINGTON and MULTNOMAH COUNTIE WASSCD 06/32 ZEROCPNOID 0   | CUSIP: 9384292D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $104914.89    | 0.07%             | 2032-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Economic Development Finance Authority                      | WASHINGTON ECONOMIC DEVELOPMEN WASTRN 12/45 ADJUST OID VAR   | CUSIP: 93975XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508452.90    | 0.35%             | 2045-12-01      | Variable      | 5.88%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                            | WASHINGTON STATE HOUSING FINAN WASHSG 01/35 FIXED 5          | CUSIP: 939783Z66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351319.22    | 0.24%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                         | WAYNE COUNTY AIRPORT AUTHORITY WAYAPT 12/35 FIXED 5          | CUSIP: 944514X78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $675429.12    | 0.47%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                               | MASSACHUSETTS DEVELOPMENT FINA MASDEV 09/37 FIXED 5          | CUSIP: 57584YVL0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10546.36     | 0.01%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                               | MASSACHUSETTS DEVELOPMENT FINA MASDEV 12/29 FIXED 5          | CUSIP: 57585BCZ9<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150055.62    | 0.10%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Utility District #1 of Klickitat County                         | KLICKITAT COUNTY PUBLIC UTILIT KLIPWR 12/32 FIXED 5          | CUSIP: 498622LF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $344871.09    | 0.24%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE INDUSTRIAL DEVELOPME KXVDEV 11/30 FIXED OID 4.25             | KNOXVILLE INDUSTRIAL DEVELOPME KXVDEV 11/30 FIXED OID 4.25   | CUSIP: 499790AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752474.10    | 0.52%             | 2030-11-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| LAKE HOUSTON REDEVELOPMENT AUT LKHDEV 09/35 FIXED 4                    | LAKE HOUSTON REDEVELOPMENT AUT LKHDEV 09/35 FIXED 4          | CUSIP: 51001QAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50468.34     | 0.04%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority                                    | LANCASTER COUNTY HOSPITAL AUTH LANMED 07/28 FIXED 4.25       | CUSIP: 514045R70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70114.93     | 0.05%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                     | NEW YORK STATE DORMITORY AUTHO NYSHGR 07/54 FIXED 5.5        | CUSIP: 65000BW38<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $545633.30    | 0.38%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corporation                        | NEW YORK TRANSPORTATION DEVELO NYTTRN 12/26 FIXED 5          | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30499.88     | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corporation                            | NEWARK HIGHER EDUCATION FINANC NEWEDU 08/29 FIXED OID 4.375  | CUSIP: 650346DA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210027.28    | 0.15%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BROOKS DEVELOPMENT AUTHORITY BRKDEV 08/47 ADJUSTABLE VAR               | BROOKS DEVELOPMENT AUTHORITY BRKDEV 08/47 ADJUSTABLE VAR     | CUSIP: 114390AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265939.15    | 0.18%             | 2047-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF BROWARD FL PORT FACI BROTRN 09/28 FIXED 5                    | COUNTY OF BROWARD FL PORT FACI BROTRN 09/28 FIXED 5          | CUSIP: 11506KEW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525102.20    | 0.36%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| The Development Authority of Burke County                              | DEVELOPMENT AUTHORITY OF BURKE BURPOL 01/40 ADJUSTABLE VAR   | CUSIP: 121342NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516102.20    | 0.36%             | 2040-01-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| CABOT CITRUS FARMS COMMUNITY D CCFDEV 03/29 FIXED 5.25                 | CABOT CITRUS FARMS COMMUNITY D CCFDEV 03/29 FIXED 5.25       | CUSIP: 127052AA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $801596.17    | 0.56%             | 2029-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FI CCEDEV 02/55 ADJUSTABLE VAR             | CALIFORNIA COMMUNITY CHOICE FI CCEDEV 02/55 ADJUSTABLE VAR   | CUSIP: 13013JEP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $700037.50    | 0.49%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FI CCEDEV 02/55 ADJUSTABLE VAR             | CALIFORNIA COMMUNITY CHOICE FI CCEDEV 02/55 ADJUSTABLE VAR   | CUSIP: 13013JFR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $329319.90    | 0.23%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act            | NEW HAMPSHIRE HEALTH AND EDUCA NHSMED 07/33 FIXED OID 3.375  | CUSIP: 64461XBM6<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25291.10     | 0.02%             | 2033-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act            | NEW HAMPSHIRE HEALTH AND EDUCA NHSMED 07/34 FIXED OID 3.5    | CUSIP: 64461XBN4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177322.16    | 0.12%             | 2034-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FI CCEDEV 01/56 ADJUSTABLE VAR             | CALIFORNIA COMMUNITY CHOICE FI CCEDEV 01/56 ADJUSTABLE VAR   | CUSIP: 13013JFW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $574506.09    | 0.40%             | 2056-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FI CCEDEV 12/55 ADJUSTABLE VAR             | CALIFORNIA COMMUNITY CHOICE FI CCEDEV 12/55 ADJUSTABLE VAR   | CUSIP: 13013JHD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $542464.95    | 0.38%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act            | NEW HAMPSHIRE HEALTH AND EDUCA NHSMED 06/40 ADJUSTABLE VAR   | CUSIP: 64461XJY2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251813.18    | 0.17%             | 2040-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| JH COLLATERAL                                                          | JH COLLATERAL                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1004730 | NS      | $10050318.99  | 6.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FI CCEDEV 11/33 FIXED 5                    | CALIFORNIA COMMUNITY CHOICE FI CCEDEV 11/33 FIXED 5          | CUSIP: 13013JHH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $774651.64    | 0.54%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA COMMUNITY CHOICE FI CCEDEV 03/36 FIXED 5                    | CALIFORNIA COMMUNITY CHOICE FI CCEDEV 03/36 FIXED 5          | CUSIP: 13013JHM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2179497.40   | 1.51%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure and Economic Development Bank                | CALIFORNIA INFRASTRUCTURE and EC CASDEV 08/29 FIXED 3.25     | CUSIP: 13034A5B2<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    300000 | PA      | $307377.09    | 0.21%             | 2029-08-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California Infrastructure and Economic Development Bank                | CALIFORNIA INFRASTRUCTURE and EC CASDEV 01/65 ADJUSTABLE VAR | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $540000.00    | 0.38%             | 2065-01-01      | Variable      | 12.00%                | No            |                  2 | On Loan: No      |
| California Housing Finance                                             | CALIFORNIA HOUSING FINANCE AGE CASMFH 12/27 FIXED 5.2        | CUSIP: 13034DAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509450.95    | 0.35%             | 2027-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                 | CALIFORNIA MUNICIPAL FINANCE A CASFIN 07/32 FIXED OID 3.5    | CUSIP: 13048T4E0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100147.12    | 0.07%             | 2032-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                 | CALIFORNIA MUNICIPAL FINANCE A CASFIN 12/32 FIXED OID 3.25   | CUSIP: 13048VBS6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $496550.20    | 0.34%             | 2032-12-31      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                 | CALIFORNIA MUNICIPAL FINANCE A CASEDU 06/34 FIXED 5          | CUSIP: 130497BA7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268948.63    | 0.19%             | 2034-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                 | CALIFORNIA MUNICIPAL FINANCE A CASFIN 07/29 FIXED 4          | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101948.32    | 0.07%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                       | CALIFORNIA POLLUTION CONTROL F CASPOL 11/42 ADJUSTABLE VAR   | CUSIP: 130536RC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000174.60   | 0.69%             | 2042-11-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA SCHOOL FINANCE AUTH CASSCD 07/36 FIXED 5                    | CALIFORNIA SCHOOL FINANCE AUTH CASSCD 07/36 FIXED 5          | CUSIP: 13059TCQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300253.71    | 0.21%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Little Rock School District                                            | LITTLE ROCK SCHOOL DISTRICT LITSCD 02/28 FIXED 3             | CUSIP: 537428V35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $350040.71    | 0.24%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corporation                                          | LOUISIANA HOUSING CORP LASMFH 07/44 ADJUSTABLE VAR           | CUSIP: 54627CCJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008105.20   | 0.70%             | 2044-07-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATI MIATRN 10/30 FIXED 5                    | COUNTY OF MIAMI-DADE FL AVIATI MIATRN 10/30 FIXED 5          | CUSIP: 59333P7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $280949.92    | 0.20%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COUNTY OF MIAMI-DADE FL AVIATI MIATRN 10/34 FIXED 5                    | COUNTY OF MIAMI-DADE FL AVIATI MIATRN 10/34 FIXED 5          | CUSIP: 59333P7L6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $577589.40    | 0.40%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE COUNTY HOUSING FINA MIAMFH 08/29 ADJUSTABLE VAR             | MIAMI-DADE COUNTY HOUSING FINA MIAMFH 08/29 ADJUSTABLE VAR   | CUSIP: 593344DL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008526.90   | 0.70%             | 2029-08-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                             | MICHIGAN FINANCE AUTHORITY MISFIN 10/38 ADJUSTABLE VAR       | CUSIP: 59447TU68<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    385000 | PA      | $370035.94    | 0.26%             | 2038-10-15      | Variable      | 1.20%                 | No            |                  2 | On Loan: No      |
| MICHIGAN STATE HOSPITAL FINANC MISMED 08/55 ADJUSTABLE VAR             | MICHIGAN STATE HOSPITAL FINANC MISMED 08/55 ADJUSTABLE VAR   | CUSIP: 59465HXE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $224444.52    | 0.16%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                | MICHIGAN STRATEGIC FUND MISGEN 12/32 FIXED 5                 | CUSIP: 594698QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36560.07     | 0.03%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                         | WAYNE COUNTY AIRPORT AUTHORITY WAYAPT 12/36 FIXED 5          | CUSIP: 944514X86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $343580.13    | 0.24%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Whiting City of                                                        | CITY OF WHITING IN WHGFAC 03/46 ADJUSTABLE VAR               | CUSIP: 96634RAX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $238957.63    | 0.17%             | 2046-03-01      | Variable      | 4.40%                 | No            |                  2 | On Loan: No      |
| WINTER GARDEN VILLAGE AT FOWLE WVGDEV 05/31 FIXED OID 3.75             | WINTER GARDEN VILLAGE AT FOWLE WVGDEV 05/31 FIXED OID 3.75   | CUSIP: 975795AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220145.18    | 0.15%             | 2031-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health and Educational Facilities Authority                  | WISCONSIN HEALTH and EDUCATIONAL WISMED 08/28 FIXED 4.2      | CUSIP: 97712JJH7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    190000 | PA      | $190066.50    | 0.13%             | 2028-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Unified Government of Wyandotte County Kansas City Kansas              | WYANDOTTE COUNTY-KANSAS CITY U WYAGEN 03/36 FIXED OID 4      | CUSIP: 98267VDN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $552280.52    | 0.38%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fort Mill School District 4                                            | FORT MILL SCHOOL DISTRICT NO 4 YORSCD 03/31 FIXED 3          | CUSIP: 986525WR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220933.81    | 0.15%             | 2031-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Waynesville R-VI School District                                       | WAYNESVILLE R-VI SCHOOL DISTRI PULEDU 04/30 FIXED 5          | CUSIP: 74549PAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $153048.20    | 0.11%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIDA MOUNTAIN VILLAGE PUBLIC I MMVDEV 06/35 INT APROID VAR             | MIDA MOUNTAIN VILLAGE PUBLIC I MMVDEV 06/35 INT APROID VAR   | CUSIP: 59561UAJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $278627.93    | 0.19%             | 2035-06-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                           | MISSISSIPPI DEVELOPMENT BANK MSSDEV 11/39 FIXED 4.55         | CUSIP: 60534WP69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $199195.93    | 0.14%             | 2039-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                | MONTGOMERY COUNTY HIGHER EDUCA MONHGR 09/26 FIXED 5          | CUSIP: 613603ZV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $232915.89    | 0.16%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY COUNTY MUNICIPAL UT MONUTL 09/29 FIXED 5                    | MONTGOMERY COUNTY MUNICIPAL UT MONUTL 09/29 FIXED 5          | CUSIP: 61370SGH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $129554.94    | 0.09%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                     | PORT OF SEATTLE WA PTSGEN 08/26 FIXED 5                      | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $505194.20    | 0.35%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Prairie Village                                                | CITY OF PRAIRIE VILLAGE KS PRVGEN 04/36 FIXED OID 3.125      | CUSIP: 73971FAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $344179.68    | 0.24%             | 2036-04-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBFIN 06/28 FIXED 5                | CUSIP: 74439YFE6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    315000 | PA      | $329943.79    | 0.23%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBFIN 06/30 FIXED 5                | CUSIP: 74439YGD7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210070.84    | 0.15%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Energy Authority Of Kentucky Inc.                               | KENTUCKY PUBLIC ENERGY AUTHORI KYSPWR 05/55 ADJUSTABLE VAR   | CUSIP: 74440DEL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $278585.94    | 0.19%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBGEN 12/34 ZEROCPNOID 0           | CUSIP: 74442PL45<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    295000 | PA      | $177499.44    | 0.12%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS ECONOMIC DEVELOPM GRADEV 11/30 FIXED 4.75                 | GRAND RAPIDS ECONOMIC DEVELOPM GRADEV 11/30 FIXED 4.75       | CUSIP: 386246HL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $501581.35    | 0.35%             | 2030-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBGEN 12/39 ZEROCPNOID 0           | CUSIP: 74442PS48<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    327000 | PA      | $136438.53    | 0.09%             | 2039-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBGEN 12/31 FIXED 5                | CUSIP: 74442PV69<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $606535.38    | 0.42%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                               | PUBLIC FINANCE AUTHORITY PUBGEN 12/32 FIXED 5                | CUSIP: 74442PV77<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    550000 | PA      | $610333.96    | 0.42%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGENCY UTSFAC 10/29 FIXED 5                        | UTAH INFRASTRUCTURE AGENCY UTSFAC 10/29 FIXED 5              | CUSIP: 917467BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143699.01    | 0.10%             | 2029-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH INFRASTRUCTURE AGENCY UTSFAC 10/28 FIXED 4                        | UTAH INFRASTRUCTURE AGENCY UTSFAC 10/28 FIXED 4              | CUSIP: 917467BT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $142433.82    | 0.10%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utah State of                                                          | STATE OF UTAH UTS 07/34 FIXED 3                              | CUSIP: 917542WU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1247763.13   | 0.87%             | 2034-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Vermont Economic Development Authority                                 | VERMONT ECONOMIC DEVELOPMENT A VTSPOL 06/52 ADJUSTABLE VAR   | CUSIP: 924157AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257442.50    | 0.18%             | 2052-06-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-27

**Name of Applicant:** John Hancock Municipal Securities Trust

**Signature:** /s/Salvatore Schiavone

**Name of Signer:** Salvatore Schiavone

**Title:** Treasurer