# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001752724-23-072024
**Filing Date:** 2023-3
**Character Count:** 672785
**Document Hash:** b44c2bce759aea986e95101a90605ee1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-072024.hdr.sgml**: 20230329

**ACCESSION NUMBER**: 0001752724-23-072024

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230329

**DATE AS OF CHANGE**: 20230329

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663
- **IRS NUMBER:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09729
- **FILM NUMBER:** 23774162

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2025 Term Muni Bond ETF (Series ID: S000063114)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000204675 | iShares iBonds Dec 2025 Term Muni Bond ETF | IBMN            |

## Nport-Ex

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par <br> (000)* | *Value* |
| **Municipal Debt Obligations** |  |  |
| **Alabama — 0.4%** |  |  |
| Alabama Federal Aid Highway Finance Authority RB, Series H, 5.00%, 09/01/25 | $555 | $592993 |
| Alabama Public School & College Authority RB, Series B, |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 410 | 434047 |
| City of Huntsville AL GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 180 | 190557 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 11/01/25 | 115 | 123398 |
| University of Alabama (The) RB, Series B, 5.00%, 07/01/25 | 255 | 271044 |
|  |  | 1612039 |
| **Alaska — 0.2%** |  |  |
| City of Anchorage AK Water Revenue RB, Series B, 5.00%, 05/01/25 | 145 | 153636 |
| Municipality of Anchorage AK GO |  |  |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 09/01/25 | 65 | 69500 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 09/01/25 | 30 | 32077 |
| State of Alaska GO, Series B, 5.00%, 08/01/25 | 360 | 383240 |
|  |  | 638453 |
| **Arizona — 2.7%** |  |  |
| Arizona Health Facilities Authority RB, 5.00%, 01/01/25 | 410 | 428769 |
| Arizona State University RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 320 | 340756 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 290 | 308810 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 245 | 260891 |
| Arizona Transportation Board RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 115 | 122291 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 350 | 372616 |
| City of Phoenix AZ GO, 5.00%, 07/01/25 | 505 | 537386 |
| City of Phoenix Civic Improvement Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 1475 | 1569939 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 615 | 654649 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/25 | 410 | 435597 |
| City of Tucson AZ Water System Revenue RB, 5.00%, 07/01/25 | 1115 | 1187048 |
| City of Tucson Water System Revenue, 5.00%, 07/01/25 | 175 | 186308 |
| County of Pima AZ GOL, 4.00%, 07/01/25 | 130 | 135231 |
| County of Pima AZ Sewer System Revenue RB, 5.00%, 07/01/25 | 530 | 563861 |
| Gilbert Water Resource Municipal Property Corp. RB, 5.00%, 07/01/25 | 145 | 154369 |
| Maricopa County Community College District GO, 5.00%, 07/01/25 | 720 | 766525 |
| Maricopa County High School District No. 210-Phoenix GO, 5.00%, 07/01/25 | 135 | 143559 |
| Maricopa County Unified School District No. 48 Scottsdale GO, Series A, 5.00%, 07/01/25 | 35 | 37219 |
| Maricopa County Unified School District No. 69 Paradise Valley GO, 5.00%, 07/01/25 | 140 |  |
| Maricopa County Union High School District No. 210-Phoenix GO, 5.00%, 07/01/25 | 40 | 42536 |
| Salt River Project Agricultural Improvement & Power District RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 465 | 488874 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/25 | 2025 | 2128966 |
| State of Arizona Lottery Revenue RB, 5.00%, 07/01/25 | 200 | 212729 |
| University of Arizona (The) RB, 4.00%, 06/01/25 | 325 | 337209 |
|  |  | 11565184 |
| **California — 11.8%** |  |  |
| Bay Area Toll Authority RB, 5.00%, 04/01/25 | 200 | 211784 |
| Beverly Hills Unified School District CA GO, 0.00%, 08/01/25<sup>(a)</sup> | 50 | 47001 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **California (continued)** |  |  |
| California Educational Facilities Authority RB, Series A, 5.00%, 10/01/25 | $90 | $96765 |
| California Infrastructure & Economic Development Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/25 | 235 | 243894 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 410 | 441373 |
| California State Public Works Board RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 10/01/25 | 115 | 120244 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 265 | 281502 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 220 | 235919 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 595 | 641091 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 280 | 302413 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 110 | 117125 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/25 | 100 | 105979 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 230 | 247227 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/25 | 125 | 134683 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 04/01/25 | 205 | 217257 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/25 | 240 | 255546 |
| California State University RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 450 | 485233 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 11/01/25 | 125 | 131373 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/25 | 1845 | 1989459 |
| Campbell Union High School District GO, Series B, 5.00%, 08/01/25 | 100 | 107060 |
| Carmel Unified School District Go, 4.00%, 08/01/25 | 100 | 104638 |
| City & County of San Francisco CA GO 5.00%, 06/15/25 | 25 | 26691 |
| &nbsp;&nbsp;&nbsp;Series R1, 5.00%, 06/15/25 | 585 | 624565 |
| City of Los Angeles CA GO, 5.00%, 09/01/25 | 255 | 273718 |
| City of Los Angeles CA Wastewater System Revenue RB 5.00%, 06/01/25 | 260 | 277270 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 335 | 357251 |
| City of Los Angeles Department of Airports, 5.00%, 05/15/25 | 170 | 180550 |
| City of Los Angeles Department of Airports RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/25 | 205 | 217722 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/15/25 | 190 | 201809 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/15/25 | 160 | 169929 |
| City of Redding CA Electric System Revenue RB, 5.00%, 06/01/25 | 100 | 106008 |
| City of San Francisco CA Public Utilities Commission Water Revenue RB, 5.00%, 11/01/25 | 520 | 561149 |
| Coast Community College District GO, 5.00%, 08/01/25 | 50 | 53479 |
| Contra Costa Transportation Authority RB, Series A, 5.00%, 03/01/25 | 210 | 222172 |
| County of Monterey CA COP, 5.00%, 10/01/25 | 280 | 299767 |
| County of Santa Clara CA GO, 5.00%, 08/01/25 | 180 | 192707 |
| East Bay Municipal Utility District Water System Revenue RB 5.00%, 06/01/25 | 80 | 85276 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 06/01/25 | 270 | 281384 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 545 | 580943 |
| Eastern Municipal Water District RB, Series A, 5.00%, 07/01/25 | 95 | 101463 |
| El Camino Community College District Foundation (The), 5.00%, 08/01/25 | 15 | 16044 |
| El Camino Community College District Foundation (The) GO, Series-C, 0.00%, 08/01/25<sup>(a)</sup> | 300 | 283121 |
| Escondido Union High School District GO, Series A, 0.00%, 08/01/25 (AGC)<sup>(a)</sup> | 60 | 56262 |
| Foothill-De Anza Community College District GO, Series B, 0.00%, 08/01/25 (NPFGC)<sup>(a)</sup> | 160 | 150663 |
| Hillsborough City School District RB, 0.00%, 09/01/25<sup>(a)</sup> | 250 | 235123 |
| Imperial Irrigation District Electric System Revenue RB, 5.00%, 11/01/25 | 125 | 134301 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **California (continued)** |  |  |
| Long Beach Community College District GO, 5.00%, 08/01/25 | $100 | $106959 |
| Long Beach Unified School District GO, 5.00%, 08/01/25 | 175 | 187222 |
| Los Angeles Community College District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/25 | 170 | 177843 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 95 | 101803 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/25 | 340 | 364346 |
| Los Angeles County Metropolitan Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 560 | 598289 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 790 | 842018 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 110 | 117510 |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 975 | 1039072 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 125 | 133534 |
| Los Angeles County Sanitation Districts Financing Authority RB, 5.00%, 10/01/25 | 310 | 331221 |
| Los Angeles Department of Water & Power Power System Revenue RB, 5.00%, 07/01/25 | 165 | 176184 |
| Los Angeles Department of Water & Power RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 75 | 80084 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 160 | 170845 |
| Los Angeles Department of Water & Power System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 80 | 85423 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/25 | 125 | 133473 |
| Los Angeles Department of Water & Power Water System Revenue RB, 5.00%, 07/01/25 | 130 | 138939 |
| Los Angeles Department of Water RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 105 | 112220 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 590 | 630568 |
| Los Angeles Unified School District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/01/25 | 140 | 146137 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 570 | 608497 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 2005 | 2140416 |
| Los Rios Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 100 | 106959 |
| &nbsp;&nbsp;&nbsp;Series C, 4.00%, 08/01/25 | 100 | 104599 |
| Manhattan Beach Unified School District GO, 0.00%, 09/01/25 (NPFGC)<sup>(a)</sup> | 190 | 178465 |
| Metropolitan Water District of Southern California RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 290 | 305840 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 220 | 234859 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 95 | 102295 |
| &nbsp;&nbsp;&nbsp;Series A, 2.50%, 07/01/25 | 375 | 377323 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 420 | 448527 |
| Mount San Antonio Community College District GO, Series A, 0.00%, 08/01/25<sup>(a)</sup> | 310 | 292198 |
| Newport Mesa Unified School District GO, 0.00%, 08/01/25 (NPFGC)<sup>(a)</sup> | 225 | 212236 |
| Oak Grove School District GO, Series A, 0.00%, 08/01/25<sup>(a)</sup> | 25 | 23512 |
| Orange County Water District RB, Series C, 5.00%, 08/15/25 | 220 | 235793 |
| Palo Alto Unified School District GO, 0.00%, 08/01/25<sup>(a)</sup> | 580 | 548450 |
| Palomar Community College District, 5.00%, 08/01/44 (PR 08/01/25) | 500 | 534541 |
| Palomar Community College District GO, Series B, 0.00%, 08/01/25<sup>(a)</sup> | 325 | 303854 |
| Pasadena Area Community College District GO, Series A, 5.00%, 08/01/25 | 30 | 32088 |
| Rancho Water District Financing Authority RB, Series A, 5.00%, 08/01/25 | 190 | 203413 |
| Rio Hondo Community College District/CA GO, 5.00%, 08/01/25 | 85 | 91065 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **California (continued)** |  |  |
| Riverside Community College District, 0.00%, 08/01/35 (PR 02/01/25)<sup>(a)</sup> | $2935 | $1681042 |
| Riverside Community College District GO, Series D, 0.00%, 08/01/25<sup>(a)</sup> | 105 | 97999 |
| Riverside County Transportation Commission Sales Tax Revenue RB, 5.00%, 06/01/25 | 110 | 117177 |
| Sacramento City Financing Authority RB, 5.25%, 12/01/25 (AMBAC) | 25 | 27072 |
| Sacramento County Sanitation Districts Financing Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 100 | 107085 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 335 | 362200 |
| Sacramento Municipal Utility District RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 650 | 691843 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 | 55 | 58920 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 08/15/25 | 210 | 224967 |
| San Diego Community College District GO, 5.00%, 08/01/25 | 280 | 299767 |
| San Diego County Regional Transportation Commission RB, Series A, 5.00%, 04/01/25 | 255 | 270526 |
| San Diego Public Facilities Financing Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 100 | 106959 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 350 | 374355 |
| San Diego Unified School District/CA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 235 | 250929 |
| &nbsp;&nbsp;&nbsp;Series C-2, 5.50%, 07/01/25 (AGM) | 280 | 302601 |
| &nbsp;&nbsp;&nbsp;Series D-1, 5.50%, 07/01/25 (NPFGC) | 140 | 151128 |
| &nbsp;&nbsp;&nbsp;Series J-2, 4.00%, 07/01/25 | 150 | 156359 |
| &nbsp;&nbsp;&nbsp;Series J-2, 5.00%, 07/01/25 | 140 | 149490 |
| San Francisco Bay Area Rapid Transit District GO, 5.00%, 08/01/25 | 290 | 310399 |
| San Francisco City & County Airport Commission San Francisco International Airport RB, 5.00%, 05/01/25 | 395 | 418524 |
| San Francisco City & County Public Utilities Commission Wastewater Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 10/01/25 | 275 | 288268 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/25 | 205 | 220686 |
| San Francisco County Transportation Authority RB, 4.00%, 02/01/25 | 115 | 119123 |
| San Jose Evergreen Community College District GO, 5.00%, 09/01/25 | 125 | 134175 |
| San Jose Unified School District GO, Series C, 0.00%, 08/01/25 (NPFGC)<sup>(a)</sup> | 170 | 160040 |
| San Mateo County Community College District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.00%, 09/01/25 (NPFGC)<sup>(a)</sup> | 130 | 122670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 0.00%, 09/01/25 (NPFGC)<sup>(a)</sup> | 425 | 401036 |
| San Mateo Foster City Public Financing Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 1065 | 1139915 |
| &nbsp;&nbsp;&nbsp;Series-A, 5.00%, 08/01/25 | 355 | 379972 |
| San Mateo Union High School District GO, 0.00%, 09/01/25 (NPFGC)<sup>(a)</sup> | 300 | 280070 |
| Santa Clara Valley Transportation Authority RB, Series A, 5.00%, 06/01/25 | 665 | 708701 |
| Santa Monica-Malibu Unified School District GO, 4.00%, 08/01/25 | 125 | 130674 |
| Sequoia Union High School District GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/01/25 | 220 | 229814 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 510 | 544694 |
| Southern California Public Power Authority RB, 5.00%, 07/01/25 | 150 | 160241 |
| State of California Department of Water Resources RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 460 | 497745 |
| &nbsp;&nbsp;&nbsp;Series AW, 5.00%, 12/01/25 | 100 | 108206 |
| &nbsp;&nbsp;&nbsp;Series AX, 5.00%, 12/01/25 | 330 | 357078 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **California (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series BA, 5.00%, 12/01/25 | $50 | $54103 |
| State of California GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 03/01/25 | 20 | 20747 |
| &nbsp;&nbsp;&nbsp;4.00%, 09/01/25 | 495 | 518456 |
| &nbsp;&nbsp;&nbsp;4.00%, 10/01/25 | 200 | 209808 |
| &nbsp;&nbsp;&nbsp;4.00%, 11/01/25 | 250 | 262678 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 | 270 | 285480 |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/25 | 385 | 408020 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 1960 | 2096882 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 2300 | 2466426 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 2285 | 2456148 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 1090 | 1174435 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 60 | 64803 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 770 | 823775 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/25 | 185 | 198386 |
| University of California RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/25 | 250 | 266207 |
| &nbsp;&nbsp;&nbsp;Series AO, 5.00%, 05/15/25 | 350 | 372689 |
| &nbsp;&nbsp;&nbsp;Series AY, 5.00%, 05/15/25 | 180 | 191669 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 05/15/25 | 445 | 473642 |
| Upper Santa Clara Valley Joint Powers Authority RB, Series A, 5.00%, 08/01/25 | 85 | 91001 |
| Whittier Union High School District GO, 0.00%, 08/01/25<sup>(a)</sup> | 290 | 271733 |
|  |  | 49815091 |
| **Colorado — 0.8%** |  |  |
| Board of Governors of Colorado State University System RB, Series C, 2.50%, 03/01/25 | 25 | 25032 |
| Board of Water Commissioners City & County of Denver (The) RB, Series A, 4.00%, 09/15/25 | 85 | 88919 |
| City & County of Denver Co. Airport System Revenue RB 5.00%, 11/15/25 | 165 | 177331 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/25 | 300 | 322420 |
| City of Colorado Springs CO Utilities System Revenue RB, Series A-1, 5.00%, 11/15/25 | 425 | 457120 |
| City of Colorado Springs Co. Utilities System Revenue RB, 5.00%, 11/15/25 | 425 | 457120 |
| Colorado Health Facilities Authority, 5.00%, 11/01/25 | 100 | 105413 |
| County of Adams Co. COP, 5.00%, 12/01/25 | 130 | 139515 |
| Denver City & County School District No. 1 COP, Series A, 5.00%, 12/01/25 | 205 | 220179 |
| Denver City & County School District No. 1 GO 5.00%, 12/01/25 (SAW) | 340 | 366145 |
| &nbsp;&nbsp;&nbsp;Series A, 5.50%, 12/01/25 (SAW) | 335 | 365333 |
| E-470 Public Highway Authority RB, Series B, 0.00%, 09/01/25 (NPFGC)<sup>(a)</sup> | 270 | 251345 |
| State of Colorado COP |  |  |
| &nbsp;&nbsp;&nbsp;Series K, 5.00%, 03/15/25 | 170 | 179000 |
| &nbsp;&nbsp;&nbsp;Series L, 5.00%, 03/15/25 | 25 | 26324 |
| University of Colorado RB, Series A, 5.00%, 06/01/25 (NPFGC) | 375 | 398233 |
|  |  | 3579429 |
| **Connecticut — 1.9%** |  |  |
| State of Connecticut Clean Water Fund - State Revolving Fund RB, 5.00%, 02/01/25 | 120 | 126394 |
| State of Connecticut GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/25 | 345 | 358279 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/25 | 1100 | 1176255 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | 100 | 107417 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/15/25 | 1500 | 1577478 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/15/25 | 170 | 179759 |
| &nbsp;&nbsp;&nbsp;Series B, 3.00%, 06/01/25 | 100 | 101593 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Connecticut (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/15/25 | $335 | $355018 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/15/25 | 125 | 132767 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/15/25 | 360 | 382369 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 09/15/25 | 465 | 497235 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 10/15/25 | 170 | 182194 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 11/15/25 | 390 | 418927 |
| State of Connecticut Special Tax Revenue RB 5.00%, 10/01/25 | 130 | 139422 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/25 | 245 | 257579 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 195 | 208176 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/25 | 450 | 481506 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 160 | 170811 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 225 | 241308 |
| University of Connecticut RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 195 | 209186 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | 100 | 107417 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/25 | 525 | 552597 |
|  |  | 7963687 |
| **Delaware — 1.6%** |  |  |
| City of Wilmington DE GO, 5.00%, 12/01/25 | 20 | 21481 |
| County of New Castle DE GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/33 (PR 10/01/25) | 1565 | 1678007 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/35 (PR 10/01/25) | 2260 | 2423192 |
| Delaware Transportation Authority, 5.00%, 09/01/25 | 335 | 358629 |
| Delaware Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/01/25 | 100 | 104125 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 635 | 676805 |
| State of Delaware GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 | 235 | 248227 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 165 | 177136 |
| &nbsp;&nbsp;&nbsp;Series 2009C, 5.00%, 10/01/25 | 790 | 848107 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/25 | 100 | 105389 |
|  |  | 6641098 |
| **District of Columbia — 1.9%** |  |  |
| District of Columbia, Series C, 5.00%, 05/01/25 | 355 | 376785 |
| District of Columbia GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 650 | 685420 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 460 | 489580 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/25 | 945 | 1016396 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 430 | 457650 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/25 | 180 | 191574 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 06/01/25 | 315 | 335255 |
| District of Columbia RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 150 | 161235 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/25 | 180 | 190169 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/25 | 250 | 269725 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 485 | 520804 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/25 | 875 | 939595 |
| District of Columbia Water & Sewer Authority RB 5.00%, 10/01/25 | 45 | 48249 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/25 | 550 | 589715 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 295 | 316381 |
| Metropolitan Washington Airports Authority Aviation Revenue RB, 5.00%, 10/01/25 |  |  |
| Washington Metropolitan Area Transit Authority, 5.00%, 07/01/25 | 475 | 505347 |
| Washington Metropolitan Area Transit Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/25 | 225 | 239630 |
| &nbsp;&nbsp;&nbsp;Series A1, 5.00%, 07/01/25 | 335 | 356403 |
|  |  | 7904140 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Florida — 2.9%** |  |  |
| Central Florida Expressway Authority RB, 5.00%, 07/01/25 | $140 | $148707 |
| County of Miami-Dade FL Aviation Revenue RB 5.00%, 10/01/25 | 120 | 128215 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 275 | 293825 |
| County of Miami-Dade FL GO, Series-D, 5.00%, 07/01/25 | 255 | 271415 |
| County of Miami-Dade FL Water & Sewer System Revenue RB, 5.00%, 10/01/25 | 985 | 1056126 |
| County of Orange FL Water Utility System Revenue RB, 5.00%, 10/01/25 | 385 | 413007 |
| County of Seminole FL Sales Tax Revenue RB, Series B, 5.25%, 10/01/25 (NPFGC) | 80 | 86378 |
| Florida Department of Environmental Protection RB 5.00%, 07/01/25 | 1633 | 1735744 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 350 | 372021 |
| Florida Department of Management Services COP, Series A, 5.00%, 08/01/25 | 465 | 496303 |
| Florida State Development Commission/Everglades Parkway RB, Series A, 5.00%, 07/01/25 | 80 | 85072 |
| Hillsborough County Aviation Authority RB, 5.00%, 10/01/25 | 200 | 214227 |
| Hillsborough County School Board COP, Series A, 5.00%, 07/01/25 | 185 | 195923 |
| Orange County School Board COP, 5.00%, 08/01/25 | 50 | 53228 |
| Palm Beach County School District, 5.00%, 08/01/25 | 500 | 532278 |
| Palm Beach County School District COP, Series B, 5.00%, 08/01/25 | 165 | 175652 |
| School Board of Miami-Dade County (The) COP, Series A, 5.00%, 05/01/25 | 450 | 473861 |
| School Board of Miami-Dade County (The) GO, 5.00%, 03/15/25 | 355 | 373870 |
| School District of Broward County/FL COP |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 165 | 175181 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/25 | 180 | 191107 |
| School District of Broward County/FL GO, 5.00%, 07/01/25 | 180 | 190933 |
| State of Florida Department of Transportation RB, 5.00%, 07/01/25 | 375 | 398916 |
| State of Florida Department of Transportation Turnpike System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 235 | 250185 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 695 | 739909 |
| &nbsp;&nbsp;&nbsp;Series-B, 5.00%, 07/01/25 | 165 | 175662 |
| State of Florida GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 35 | 37234 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 280 | 298638 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 302 | 321277 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 50 | 53328 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 310 | 329789 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 35 | 37330 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 06/01/25 | 295 | 313831 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/25 | 85 | 90426 |
| State of Florida Lottery Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 570 | 606002 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 410 | 435896 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 290 | 308316 |
| Tampa Bay Water RB, Series C, 5.00%, 10/01/25 | 90 | 96137 |
| Volusia County School Board COP, Series A, 5.00%, 08/01/25 (BAM) | 90 | 95787 |
|  |  | 12251736 |
| **Georgia — 2.9%** |  |  |
| Association County Commissioners of Georgia COP, 5.00%, 07/15/25 | 575 | 612956 |
| City of Atlanta GA, 5.00%, 12/01/25 | 250 | 269510 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Georgia (continued)** |  |  |
| City of Atlanta GA Department of Aviation RB 5.00%, 07/01/25 | $300 | $319167 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 135 | 143625 |
| City of Atlanta GA Water & Wastewater Revenue RB 5.75%, 11/01/25 (AGM) | 195 | 213387 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/25 | 245 | 263230 |
| County of Forsyth GA GO, 5.00%, 09/01/25 | 110 | 117787 |
| Forsyth County School District GO, 5.00%, 02/01/25 | 155 | 163353 |
| Georgia State Road & Tollway Authority RB, 5.00%, 06/01/25 | 990 | 1050407 |
| Gwinnett County School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 620 | 653411 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 330 | 352631 |
| Gwinnett County Water & Sewerage Authority RB, 5.00%, 08/01/25 | 295 | 315230 |
| Henry County School District, 4.00%, 08/01/25 (SAW) | 125 | 130363 |
| Henry County School District GO, 5.00%, 08/01/25 (SAW) | 300 | 320196 |
| Henry County Water Authority RB, 5.00%, 02/01/25 | 250 | 263171 |
| Metropolitan Atlanta Rapid Transit Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.25%, 07/01/25 (NPFGC) | 100 | 107070 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 07/01/25 | 350 | 364437 |
| Municipal Electric Authority of Georgia RB, 5.00%, 01/01/25 | 145 | 150919 |
| Private Colleges & Universities Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/25 | 1115 | 1194808 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 425 | 456489 |
| State of Georgia GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 250 | 266458 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/25 | 820 | 864024 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 135 | 143888 |
| &nbsp;&nbsp;&nbsp;Series A1, 5.00%, 02/01/25 | 745 | 784998 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 02/01/25 | 105 | 110637 |
| &nbsp;&nbsp;&nbsp;Series C1, 4.00%, 01/01/25 | 840 | 867479 |
| &nbsp;&nbsp;&nbsp;Series C1, 4.00%, 07/01/25 | 380 | 396130 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 12/01/25 | 1135 | 1223901 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 07/01/25 | 165 | 175863 |
|  |  | 12295525 |
| **Hawaii — 1.8%** |  |  |
| City & County Honolulu HI Wastewater System Revenue RB 5.00%, 07/01/25 | 960 | 1021607 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/45 (PR 01/01/26) | 600 | 636733 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 250 | 266154 |
| City & County of Honolulu HI GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/25 | 75 | 78255 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 320 | 342404 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/25 | 245 | 262757 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/25 | 350 | 374505 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/25 | 65 | 69711 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 09/01/25 | 270 | 288904 |
| County of Hawaii HI GO, Series D, 5.00%, 09/01/25 | 550 | 588222 |
| State of Hawaii GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 150 | 157701 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 455 | 487734 |
| &nbsp;&nbsp;&nbsp;Series EZ, 5.00%, 10/01/25 | 380 | 407337 |
| &nbsp;&nbsp;&nbsp;Series FE, 5.00%, 10/01/25 | 425 | 455575 |
| &nbsp;&nbsp;&nbsp;Series FH, 5.00%, 10/01/25. | 210 | 225108 |
| &nbsp;&nbsp;&nbsp;Series FK, 5.00%, 05/01/25 | 365 | 386820 |
| &nbsp;&nbsp;&nbsp;Series FN, 5.00%, 10/01/25. | 580 | 621725 |
| &nbsp;&nbsp;&nbsp;Series FT, 5.00%, 01/01/25 | 185 | 194498 |
| State of Hawaii State Highway Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 01/01/25 | 135 | 139288 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/25 | 330 | 346625 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Hawaii (continued)** |  |  |
| University of Hawaii RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | $90 | $96233 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 115 | 122965 |
|  |  | 7570861 |
| **Idaho — 0.3%** |  |  |
| Idaho Housing & Finance Association RB, 5.00%, 07/15/25 | 1060 | 1126572 |
| **Illinois — 2.6%** |  |  |
| Chicago O'Hare International Airport RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 930 | 975066 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 01/01/25 | 225 | 235903 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 01/01/25 | 150 | 157269 |
| County of Will IL GO, 5.00%, 11/15/41 (PR 11/15/25) | 2000 | 2134630 |
| Illinois Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/01/25 | 870 | 901106 |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 205 | 215288 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 455 | 484069 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 450 | 484090 |
| Illinois State Toll Highway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 155 | 162690 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/25 | 50 | 52481 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/25 | 420 | 440836 |
| Sales Tax Securitization Corp. RB, Series A, 5.00%, 01/01/25 | 500 | 522984 |
| State of Illinois GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 155 | 161003 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 320 | 332880 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 100 | 105111 |
| &nbsp;&nbsp;&nbsp;5.50%, 05/01/25 | 210 | 221599 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/25 | 510 | 531246 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 03/01/25 | 800 | 832348 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/01/25 | 1925 | 2025833 |
| State of Illinois Sales Tax Revenue RB, 5.00%, 06/15/25 | 200 | 207107 |
|  |  | 11183539 |
| **Indiana — 1.6%** |  |  |
| City of Indianapolis Department of Public Utilities Water System Revenue RB, 5.00%, 10/01/25 | 360 | 384451 |
| Indiana Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 1100 | 1159720 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/31 (PR 02/01/25) | 2230 | 2347934 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/01/25 | 460 | 484974 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 12/01/25 | 785 | 844467 |
| Indiana University RB, 5.00%, 06/01/25 | 580 | 615661 |
| Indianapolis Local Public Improvement Bond Bank RB, 5.00%, 01/01/25 | 110 | 115394 |
| Purdue University COP, Series A, 5.00%, 07/01/25 | 115 | 122375 |
| Purdue University RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/01/25 | 90 | 93669 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 435 | 462897 |
| &nbsp;&nbsp;&nbsp;Series A, 5.25%, 07/01/25 | 190 | 203295 |
|  |  | 6834837 |
| **Iowa — 0.5%** |  |  |
| County of Polk IA GO, 5.00%, 06/01/25 | 185 | 196331 |
| Iowa Finance Authority RB, 5.00%, 08/01/25 | 490 | 522863 |
| State of Iowa GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 | 520 | 552063 |
| &nbsp;&nbsp;&nbsp;Series-A, 5.00%, 06/01/25 | 250 | 265196 |
| State of Iowa RB, Series A, 5.00%, 06/01/25 | 420 | 445528 |
|  |  | 1981981 |
| **Kansas — 0.9%** |  |  |
| County of Johnson KS, 5.00%, 09/01/25 | 205 | 219193 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Kansas (continued)** |  |  |
| Johnson County Public Building Commission RB 5.00%, 09/01/25 | $180 | $192041 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/25 | 265 | 282728 |
| Johnson County Unified School District No. 512 Shawnee Mission GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/30 (PR 10/01/25) | 510 | 546827 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/31 (PR 10/01/25) | 800 | 857767 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 250 | 268254 |
| Sedgwick County Unified School District No. 265 Goddard GO, Series B, 5.00%, 10/01/25 | 20 | 21390 |
| State of Kansas Department of Transportation RB <br> 5.00%, 09/01/25 | 975 | 1041996 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/25 | 515 | 550388 |
|  |  | 3980584 |
| **Kentucky — 0.1%** |  |  |
| Louisville and Jefferson County Metropolitan Sewer District RB, 5.00%, 05/15/25 | 295 | 312899 |
| **Louisiana — 0.5%** |  |  |
| State of Louisiana Gasoline & Fuels Tax Revenue RB, Series B, 5.00%, 05/01/25 | 395 | 418346 |
| State of Louisiana GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 95 | 101479 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/25 | 110 | 116030 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/25 | 310 | 331140 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/25 | 40 | 42364 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 370 | 394536 |
| State of Louisiana RB, 5.00%, 09/01/25 | 665 | 710349 |
|  |  | 2114244 |
| **Maine — 0.9%** |  |  |
| Maine Governmental Facilities Authority RB, 5.00%, 10/01/25 | 105 | 112469 |
| Maine Municipal Bond Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 400 | 428988 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/25 | 290 | 309325 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/25 | 185 | 198407 |
| State of Maine GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 140 | 148870 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 2275 | 2419150 |
|  |  | 3617209 |
| **Maryland — 3.8%** |  |  |
| City of Baltimore MD RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 295 | 313632 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 190 | 202000 |
| County of Anne Arundel MD GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/25 | 200 | 211740 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 1470 | 1578124 |
| County of Baltimore MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 | 550 | 580957 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25. | 125 | 133572 |
| County of Charles MD GO, 5.00%, 10/01/25 | 85 | 91252 |
| County of Frederick MD, 5.00%, 08/01/25 | 300 | 320336 |
| County of Howard MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 | 285 | 304875 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/25 | 365 | 385008 |
| County of Montgomery MD COP, Series B, 5.00%, 04/01/25 | 100 | 105848 |
| County of Montgomery MD GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 1075 | 1156778 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/25 | 175 | 187872 |
| &nbsp;&nbsp;&nbsp;Series D, 4.00%, 11/01/25 | 540 | 566305 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Maryland (continued)** |  |  |
| County of Prince George's MD GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/25 | $1505 | $1606205 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 250 | 266519 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/25 | 305 | 325510 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/15/25 | 95 | 101388 |
| State of Maryland Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 09/01/25 | 425 | 443933 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 95 | 100808 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 315 | 337383 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 505 | 542145 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 130 | 139997 |
| State of Maryland GO |  |  |
| &nbsp;&nbsp;&nbsp;Second Series A, 5.00%, 08/01/25 | 435 | 464831 |
| &nbsp;&nbsp;&nbsp;Second Series B, 5.00%, 08/01/25 | 365 | 390031 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/25 | 175 | 185048 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 405 | 432774 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 08/01/25 | 335 | 349789 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 2045 | 2185241 |
| Washington Suburban Sanitary Commission GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/25 (GTD) | 65 | 67620 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 (GTD) | 545 | 579661 |
| Washington Suburban Sanitary Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 06/01/25 (GTD) | 485 | 504549 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 (GTD) | 345 | 366941 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 (GTD) | 315 | 335400 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 (GTD) | 225 | 242688 |
|  |  | 16106760 |
| **Massachusetts — 3.3%** |  |  |
| City of Boston MA GO, Series A, 5.00%, 11/01/25 | 200 | 215215 |
| Commonwealth of Massachusetts GO, Series A, 5.00%, 01/01/25 | 235 | 247110 |
| Commonwealth of Massachusetts GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 120 | 127900 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 275 | 293104 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/25 | 160 | 169357 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 235 | 250471 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/25 | 250 | 268949 |
| &nbsp;&nbsp;&nbsp;Series B, 5.25%, 09/01/25 (AGM) | 415 | 446970 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/25 | 840 | 897393 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 09/01/25 | 135 | 144557 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/25 | 935 | 1003521 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/25 | 635 | 676804 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 11/01/25 | 225 | 242054 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 11/01/25 (AMBAC) | 180 | 193643 |
| Commonwealth of Massachusetts Transportation Fund Revenue RB, Series A, 5.00%, 06/01/25 | 240 | 254925 |
| Massachusetts Bay Transportation Authority RB, Series A, 5.00%, 07/01/25 | 990 | 1054693 |
| Massachusetts Clean Water Trust (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25. | 1520 | 1624621 |
| &nbsp;&nbsp;&nbsp;Series 22, 5.00%, 08/01/25 | 95 | 101515 |
| Massachusetts Development Finance Agency RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/15/25 | 685 | 730386 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/25 | 250 | 268274 |
| Massachusetts School Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/15/25 | 130 | 136689 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/25 | 150 | 158069 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/41 (PR 11/15/25) | 250 | 268928 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/45 (PR 11/15/25) | 2475 | 2662387 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/15/25 | 260 | 277733 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Massachusetts (continued)** |  |  |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue RB, 5.00%, 01/01/25 | $455 | $478273 |
| Massachusetts Water Resources Authority |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 110 | 117460 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 (ETM) | 25 | 26620 |
| Massachusetts Water Resources Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 300 | 320347 |
| &nbsp;&nbsp;&nbsp;Series B, 5.25%, 08/01/25 (AGM) | 15 | 16123 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/25 | 10 | 10678 |
| Town of Watertown MA GOL, 5.00%, 02/01/25 | 225 | 237125 |
| University of Massachusetts Building Authority RB, 5.00%, 11/01/25 | 210 | 225568 |
|  |  | 14147462 |
| **Michigan — 1.1%** |  |  |
| Michigan Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 330 | 353740 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/25 | 185 | 198225 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 570 | 611006 |
| Michigan State Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/25 | 335 | 354157 |
| &nbsp;&nbsp;&nbsp;Series I, 5.00%, 04/15/25 | 750 | 792888 |
| Michigan State University RB, 5.00%, 02/15/25 | 35 | 36883 |
| State of Michigan GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/25 | 130 | 137742 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 11/01/25 | 120 | 125878 |
| State of Michigan RB, 5.00%, 03/15/25 | 885 | 933736 |
| State of Michigan Trunk Line Revenue RB, 5.00%, 11/15/25 | 100 | 107783 |
| University of Michigan RB 5.00%, 04/01/25 | 460 | 486602 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/25 | 290 | 306771 |
| Wayne County Airport Authority RB, Series A, 5.00%, 12/01/25 | 25 | 26780 |
|  |  | 4472191 |
| **Minnesota — 2.1%** |  |  |
| City of Minneapolis MN GO, 4.00%, 12/01/25 | 150 | 157482 |
| County of Hennepin MN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 1000 | 1080046 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/25 | 350 | 378016 |
| Metropolitan Council GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 | 755 | 797338 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/25 | 190 | 200654 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/25 | 1000 | 1078327 |
| Minneapolis-St Paul Metropolitan Airports Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/25 | 200 | 209692 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 01/01/25 | 175 | 183480 |
| Minnesota Public Facilities Authority RB, Series A, 5.00%, 03/01/25 | 315 | 332532 |
| Southern Minnesota Municipal Power Agency RB, Series A, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.00%, 01/01/25 (NPFGC)<sup>(a)</sup> | 55 | 52058 |
| State of Minnesota GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 525 | 560871 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/25 | 165 | 177092 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 310 | 331181 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 135 | 144893 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 08/01/25 | 1800 | 1922986 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 10/01/25 | 100 | 107328 |
| University of Minnesota RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 220 | 235827 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/25 | 1015 | 1093050 |
|  |  | 9042853 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Mississippi — 0.3%** |  |  |
| State of Mississippi GO |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/25 | $435 | $468450 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/25 | 625 | 669963 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 11/01/32 (PR 11/01/25) | 300 | 322405 |
|  |  | 1460818 |
| **Missouri — 0.4%** |  |  |
| Metropolitan St Louis Sewer District RB, Series B, 5.00%, 05/01/25 | 110 | 116626 |
| Missouri Highway & Transportation Commission RB, 5.00%, 05/01/25 | 755 | 802187 |
| Missouri State Board of Public Buildings RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 305 | 327024 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/25 | 375 | 396604 |
|  |  | 1642441 |
| **Nebraska — 0.7%** |  |  |
| City of Omaha NE GO, 5.00%, 04/15/25 | 825 | 873822 |
| Douglas County School District No. 17/NE GO, 4.00%, 06/15/35 (PR 06/15/25) | 630 | 655512 |
| Nebraska Public Power District RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/25 | 310 | 324606 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 01/01/25 | 335 | 350784 |
| Omaha Public Facilities Corp. RB, Series A, 5.00%, 06/01/25 | 50 | 53063 |
| Omaha Public Power District Nebraska City Station Unit 2 RB, Series A, 5.00%, 02/01/25 | 150 | 157392 |
| Omaha Public Power District RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 150 | 157963 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/25 | 465 | 489685 |
|  |  | 3062827 |
| **Nevada — 1.6%** |  |  |
| Clark County School District GOL, Series A, 5.00%, 06/15/25 | 880 | 933004 |
| Clark County Water Reclamation District GOL, 5.00%, 07/01/25 | 615 | 654740 |
| County of Clark Department of Aviation RB, 5.00%, 07/01/25 | 860 | 914944 |
| County of Clark NV GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 590 | 633084 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 230 | 244034 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/25 | 305 | 327272 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 50 | 53051 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/25 | 270 | 290377 |
| County of Clark NV RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 475 | 505001 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 140 | 148707 |
| Las Vegas Valley Water District GOL, 5.00%, 06/01/25 | 325 | 345211 |
| State of Nevada GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 220 | 233152 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/25 | 260 | 275543 |
| State of Nevada Highway Improvement Revenue RB, 5.00%, 12/01/25 | 815 | 877671 |
| Washoe County School District/NV GOL |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 140 | 148378 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 10/01/25 | 60 | 64155 |
|  |  | 6648324 |
| **New Hampshire — 0.5%** |  |  |
| City of Manchester NH GO, 4.00%, 06/15/25 | 310 | 321424 |
| City of Nashua NH GO, 5.00%, 09/01/25 | 140 | 149984 |
| New Hampshire Municipal Bond Bank RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 | 405 | 433244 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 (ST INTERCEPT) | 70 | 74882 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/25 | 175 | 187204 |
| New Hampshire State Turnpike System RB, 4.00%, 11/01/25 | 160 | 167589 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **New Hampshire (continued)** |  |  |
| State of New Hampshire GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | $540 | $582296 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/25 | 175 | 188707 |
|  |  | 2105330 |
| **New Jersey — 2.4%** |  |  |
| County of Essex NJ GO, 5.00%, 08/01/25 | 170 | 181401 |
| County of Monmouth NJ GO, 5.00%, 07/15/25 | 195 | 208209 |
| Monmouth County Improvement Authority (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/25 (GTD) | 50 | 52158 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/25 (GTD) | 100 | 105563 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 (GTD) | 270 | 291458 |
| New Jersey Economic Development Authority, 5.00%, 11/01/25 | 170 | 180451 |
| New Jersey Economic Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 | 305 | 320917 |
| &nbsp;&nbsp;&nbsp;Series A, 4.13%, 06/15/25 | 170 | 175205 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 11/01/25 (SAP) | 860 | 888621 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/15/25 | 130 | 136784 |
| &nbsp;&nbsp;&nbsp;Series WW, 5.25%, 06/15/31 (PR 06/15/25) (SAP) | 1000 | 1070138 |
| New Jersey Educational Facilities Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 605 | 646304 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/25 | 460 | 491405 |
| New Jersey Infrastructure Bank RB, Series A-1, 5.00%, 09/01/25 (GTD) | 110 | 117873 |
| New Jersey Transportation Trust Fund Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 | 105 | 110752 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/25 | 225 | 236743 |
| &nbsp;&nbsp;&nbsp;Series A, 5.75%, 06/15/25 (NPFGC) | 220 | 235452 |
| New Jersey Turnpike Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/25 | 115 | 120683 |
| &nbsp;&nbsp;&nbsp;Series C-2, 5.50%, 01/01/25 (AMBAC) | 800 | 846977 |
| State of New Jersey GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 1015 | 1076457 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/31 (PR 06/01/25) | 100 | 106125 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/32 (PR 06/01/25) | 500 | 530625 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 2025 | 2147609 |
|  |  | 10277910 |
| **New Mexico — 0.5%** |  |  |
| New Mexico Finance Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25. | 200 | 212438 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 | 250 | 265653 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/25 | 210 | 223299 |
| Santa Fe Public School District GO, 5.00%, 08/01/25 (SAW) | 85 | 90487 |
| State of New Mexico GO, 5.00%, 03/01/25 | 350 | 369260 |
| State of New Mexico Severance Tax Permanent Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 890 | 947240 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 07/01/25 | 50 | 53219 |
|  |  | 2161596 |
| **New York — 7.4%** |  |  |
| City of New York NY GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/25 | 100 | 104227 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 680 | 726119 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 08/01/25 | 470 | 501876 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 1630 | 1740550 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 08/01/25 | 205 | 218904 |
| &nbsp;&nbsp;&nbsp;Series C, 4.00%, 08/01/25 | 240 | 250144 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/25 | 2690 | 2872441 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 08/01/25 | 670 | 715441 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 08/01/25 | 335 | 357720 |
| &nbsp;&nbsp;&nbsp;Series F-1, 5.00%, 06/01/25 | 115 | 122233 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **New York (continued)** |  |  |
| County of Monroe NY GOL, 5.00%, 06/01/25 (AGM) | $50 | $53109 |
| Erie County Industrial Development Agency (The) RB, 5.00%, 05/01/25 (SAW) | 305 | 323302 |
| Hudson Yards Infrastructure Corp. RB, 4.00%, 02/15/25 | 100 | 103280 |
| Long Island Power Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.00%, 06/01/25 (AGM)<sup>(a)</sup> | 200 | 188814 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 140 | 149802 |
| Metropolitan Transportation Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | 390 | 411421 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/25 | 140 | 149915 |
| &nbsp;&nbsp;&nbsp;Series A2, 5.00%, 11/15/25 | 150 | 157699 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/25 | 650 | 683363 |
| &nbsp;&nbsp;&nbsp;Series B2, 5.00%, 11/15/25 | 265 | 283916 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/25 | 470 | 494123 |
| &nbsp;&nbsp;&nbsp;Series F, 5.00%, 11/15/25 | 230 | 241805 |
| New York City Municipal Water Finance Authority RB, 5.00%, 06/15/25 | 425 | 452726 |
| New York City Transitional Finance Authority Building Aid Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 07/15/25 | 175 | 182397 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/25 (SAW) | 40 | 42660 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/25 (ETM) (SAW) | 185 | 196732 |
| &nbsp;&nbsp;&nbsp;Series S-3, 5.00%, 07/15/25 (SAW) | 650 | 693227 |
| &nbsp;&nbsp;&nbsp;Series S-4A, 5.00%, 07/15/25 (SAW) | 175 | 186638 |
| New York City Transitional Finance Authority Future Tax Secured Revenue, 5.00%, 11/01/25 | 135 | 145120 |
| New York City Transitional Finance Authority Future Tax Secured Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/25 | 100 | 103800 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 345 | 363315 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 135 | 143132 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 595 | 635204 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 315 | 338613 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 08/01/25 | 50 | 53379 |
| &nbsp;&nbsp;&nbsp;Series B-1, 5.00%, 08/01/25 | 275 | 293582 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/25 | 1245 | 1338329 |
| New York City Water & Sewer System RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 06/15/25 | 540 | 562823 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 | 320 | 340876 |
| &nbsp;&nbsp;&nbsp;Series FF, 4.00%, 06/15/25 | 50 | 52113 |
| &nbsp;&nbsp;&nbsp;Series GG, 5.00%, 06/15/25 | 310 | 330224 |
| New York State Dormitory Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 02/15/25 | 130 | 134696 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/25 | 250 | 264060 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 335 | 357521 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 255 | 274306 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/37 (PR 07/01/25) | 50 | 53182 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 03/15/25 | 310 | 327831 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/25 | 520 | 548828 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/25 | 885 | 935863 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 330 | 350881 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/25 | 365 | 385415 |
| &nbsp;&nbsp;&nbsp;Series B, 5.50%, 03/15/25 (AMBAC) | 210 | 224264 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/15/25 | 270 | 285185 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/25 | 650 | 685849 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/15/25 | 60 | 63356 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 03/15/25 | 615 | 649962 |
| New York State Environmental Facilities Corp., 5.00%, 06/15/25 | 150 | 159714 |
| New York State Environmental Facilities Corp. RB 5.00%, 06/15/25 | 200 | 212952 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **New York (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/15/25 | $70 | $75231 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 06/15/25 | 100 | 104132 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/15/25 | 300 | 319428 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 03/15/25 | 215 | 227344 |
| New York State Thruway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 220 | 231126 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 03/15/25 | 215 | 227161 |
| &nbsp;&nbsp;&nbsp;Series L, 5.00%, 01/01/25 | 255 | 267896 |
| New York State Urban Development Corp. RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/25 | 1470 | 1553458 |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/25 (ETM) | 5 | 5276 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/15/25 | 2140 | 2261496 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/15/25 | 105 | 110961 |
| Port Authority of New York & New Jersey RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 12/01/25 | 145 | 152192 |
| &nbsp;&nbsp;&nbsp;Series 189, 5.00%, 05/01/25 | 195 | 206746 |
| &nbsp;&nbsp;&nbsp;Series 205, 5.00%, 11/15/25 | 480 | 516547 |
| &nbsp;&nbsp;&nbsp;State of New York GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/25 | 75 | 79142 |
| &nbsp;&nbsp;&nbsp;Series-A, 5.00%, 03/15/25 | 50 | 52881 |
| Triborough Bridge & Tunnel Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | 500 | 535824 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/25 | 205 | 219860 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/25 | 535 | 573781 |
| &nbsp;&nbsp;&nbsp;Series C-1, 5.00%, 11/15/25 | 260 | 278847 |
|  |  | 31218288 |
| **North Carolina — 2.3%** |  |  |
| City of Charlotte NC COP |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 50 | 53902 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 50 | 53156 |
| City of Charlotte NC GO, Series A, 5.00%, 07/01/25 | 85 | 90617 |
| City of Charlotte NC Water & Sewer System RB, 5.00%, 07/01/25 | 200 | 213215 |
| City of Charlotte NC Water & Sewer System Revenue RB, 5.00%, 07/01/25 | 405 | 431761 |
| City of Raleigh NC GO, Series A, 5.00%, 09/01/25 | 245 | 262409 |
| City of Winston-Salem NC Water & Sewer System Revenue RB, 5.00%, 06/01/25 | 275 | 292425 |
| County of Buncombe NC, 5.00%, 06/01/25 | 205 | 217941 |
| County of Durham NC GO, 5.00%, 10/01/25 | 275 | 295227 |
| County of Forsyth NC GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 | 185 | 195413 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 70 | 74625 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 200 | 215723 |
| County of Guilford NC GO, 5.00%, 03/01/25 | 350 | 369700 |
| County of Iredell NC RB, 5.00%, 12/01/25 | 25 | 26937 |
| County of Johnston NC GO, 4.00%, 02/01/25 | 235 | 242818 |
| County of Mecklenburg NC GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 | 110 | 116191 |
| &nbsp;&nbsp;&nbsp;5.25%, 12/01/25 | 10 | 10855 |
| County of New Hanover NC GO, 5.00%, 08/01/25 | 100 | 106858 |
| County of Wake NC, 5.00%, 03/01/25 | 530 | 559831 |
| &nbsp;&nbsp;&nbsp;County of Wake NC GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 195 | 205508 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 03/01/25 | 425 | 448921 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 03/01/25 | 370 | 390826 |
| County of Wake NC RB, 5.00%, 08/01/25 | 160 | 170892 |
| North Carolina Municipal Power Agency No. 1 RB, Series A, 5.00%, 01/01/25 | 580 | 607772 |
| State of North Carolina GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 300 | 319080 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **North Carolina (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | $1520 | $1616668 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 980 | 1042326 |
| State of North Carolina RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 | 165 | 174080 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 315 | 334187 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/25 | 690 | 732030 |
|  |  | 9871894 |
| **Ohio — 3.4%** |  |  |
| American Municipal Power Inc. RB, Series-A, 5.00%, 02/15/25 | 390 | 408594 |
| City of Cincinnati OH GO, Series A, 4.00%, 12/01/25 | 150 | 157269 |
| City of Cincinnati OH Water System Revenue RB, 4.00%, 12/01/30 (PR 12/01/25) | 2000 | 2099759 |
| City of Cleveland OH GO, 5.00%, 12/01/25 | 140 | 150566 |
| City of Columbus OH GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/15/25 | 45 | 47022 |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 07/01/25 | 800 | 852667 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 04/01/25 | 205 | 212682 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/25 | 205 | 216989 |
| City of Columbus OH GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 155 | 165204 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 07/01/25 | 35 | 36486 |
| City of Columbus OH RB, Series A, 5.00%, 07/01/25 | 140 | 149217 |
| Cleveland Department of Public Utilities Division of Water RB, 5.00%, 01/01/25 | 780 | 819296 |
| County of Franklin OH Sales Tax Revenue RB, 5.00%, 06/01/25 | 155 | 164639 |
| County of Hamilton OH Sales Tax Revenue RB, Series A, 5.00%, 12/01/25 | 120 | 128885 |
| Ohio State University (The) RB, 5.00%, 12/01/25 | 515 | 552546 |
| Ohio Turnpike & Infrastructure Commission, 5.00%, 02/15/25 | 170 | 179145 |
| Ohio Water Development Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 335 | 356226 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/25 | 280 | 301932 |
| Ohio Water Development Authority Water Pollution Control Loan Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 400 | 425345 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 195 | 210274 |
| &nbsp;&nbsp;&nbsp;Series 2015-A, 5.00%, 12/01/25 | 485 | 522989 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 12/01/25 | 55 | 59308 |
| State of Ohio, 5.00%, 11/01/25 | 125 | 134266 |
| State of Ohio GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 05/01/25 | 150 | 155867 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 710 | 758153 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 (ETM) | 5 | 5337 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 165 | 176595 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 400 | 429099 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/26 (PR 05/01/25) | 1000 | 1060007 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/15/25 | 275 | 292612 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/25 | 240 | 256866 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/15/25 | 185 | 198215 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/37 (PR 05/01/25) | 325 | 344502 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/25 | 225 | 240812 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/15/25 | 590 | 632146 |
| &nbsp;&nbsp;&nbsp;Series S, 5.00%, 05/01/25 | 80 | 84837 |
| &nbsp;&nbsp;&nbsp;Series V, 5.00%, 05/01/25 | 315 | 334045 |
| State of Ohio RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/25 | 290 | 306329 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/25 | 50 | 52584 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 12/01/25 | 145 | 155943 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Ohio (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series-A, 5.00%, 06/01/25 | $630 | $668440 |
|  |  | 14503695 |
| **Oklahoma — 0.4%** |  |  |
| City of Oklahoma City OK GO, 5.00%, 03/01/25 | 95 | 100129 |
| Grand River Dam Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 06/01/25 | 145 | 149871 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 515 | 544857 |
| Oklahoma Capitol Improvement Authority RB, Series A, 4.00%, 07/01/25 | 110 | 114137 |
| Oklahoma City Water Utilities Trust RB, 5.00%, 07/01/25 | 385 | 409971 |
| Oklahoma Turnpike Authority RB, Series E, 5.00%, 01/01/25 | 210 | 219975 |
| Oklahoma Water Resources Board RB, 5.00%, 04/01/25 | 350 | 371080 |
|  |  | 1910020 |
| **Oregon — 1.6%** |  |  |
| City of Eugene OR Electric Utility System Revenue RB, Series A, 5.00%, 08/01/25 | 15 | 15968 |
| City of Portland OR GOL, 5.00%, 06/15/25 | 75 | 79785 |
| City of Portland OR Sewer System Revenue RB, Series A, 5.00%, 06/15/25 | 320 | 339884 |
| City of Portland Sewer System Revenue, 5.00%, 06/01/25 | 185 | 196288 |
| Clackamas & Washington Counties School District No. 3 GO, 5.00%, 06/15/29 (PR 06/15/25) (GTD) | 300 | 319033 |
| Multnomah County School District No. 1 Portland/OR GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 (GTD) | 1140 | 1212193 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/15/25 (GTD) | 250 | 265832 |
| Multnomah County School District No. 7 Reynolds, 0.00%, 06/15/36 (PR 06/15/25) (GTD)<sup>(a)</sup> | 650 | 377184 |
| Portland Community College District GO, 5.00%, 06/15/25 | 610 | 648630 |
| Salem-Keizer School District No. 24J GO, Series-B, 5.00%, 06/15/25 (GTD) | 275 | 292087 |
| State of Oregon Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/15/25 | 300 | 322673 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/15/25 | 100 | 107558 |
| State of Oregon GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 975 | 1034390 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 150 | 159504 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 30 | 32050 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/35 (PR 08/01/25) | 500 | 533659 |
| &nbsp;&nbsp;&nbsp;Series H, 5.00%, 08/01/25 | 300 | 320498 |
| &nbsp;&nbsp;&nbsp;Series L, 5.00%, 08/01/25 | 225 | 240373 |
| Tri-County Metropolitan Transportation District of Oregon RB, 5.00%, 09/01/25 | 200 | 214003 |
|  |  | 6711592 |
| **Pennsylvania — 2.3%** |  |  |
| City of Philadelphia PA GO, Series A, 5.00%, 08/01/25 | 255 | 270696 |
| City of Philadelphia PA Water & Wastewater Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 370 | 391019 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 600 | 639470 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/25 | 125 | 133507 |
| Commonwealth of Pennsylvania, 5.00%, 10/01/25 | 760 | 813043 |
| Commonwealth of Pennsylvania GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/25 | 75 | 79784 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/25 (AGM) | 20 | 21418 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 01/01/25 | 350 | 367095 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 02/01/25 (AGM) | 370 | 388900 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 08/15/25 | 1065 | 1135461 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 09/15/25 | 1100 | 1175385 |
| &nbsp;&nbsp;&nbsp;Second Series, 5.00%, 09/15/25 | 825 | 881539 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 08/15/25 | 140 | 149263 |
| County of Bucks PA GO, 5.00%, 06/01/25 | 140 | 148871 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Pennsylvania (continued)** |  |  |
| Delaware County Authority RB, 5.00%, 12/01/25 | $60 | $64170 |
| Delaware River Joint Toll Bridge Commission RB, 5.00%, 07/01/25 | 105 | 111555 |
| Delaware River Port Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 120 | 125861 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 01/01/25 | 260 | 272699 |
| Pennsylvania Higher Educational Facilities Authority RB, 5.00%, 10/01/25 | 120 | 128762 |
| Pennsylvania Infrastructure Investment Authority RB, 5.00%, 01/15/25 | 150 | 157866 |
| Pennsylvania State University (The) RB, 5.25%, 08/15/25 | 365 | 391851 |
| Pennsylvania Turnpike Commission, 5.00%, 12/01/25 | 100 | 107547 |
| Pennsylvania Turnpike Commission RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 110 | 118302 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/25 | 600 | 645281 |
| &nbsp;&nbsp;&nbsp;Series A2, 5.00%, 12/01/25 | 480 | 516225 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 170 | 179460 |
| Philadelphia Authority for Industrial Development RB, 5.00%, 07/01/25 | 250 | 265487 |
| Township of Lower Merion PA GO, 5.00%, 01/15/25 | 50 | 52612 |
|  |  | 9733129 |
| **Rhode Island — 0.5%** |  |  |
| Narragansett Bay Commission, 5.00%, 02/01/30 (PR 02/01/25) | 400 | 421154 |
| Rhode Island Commerce Corp., 5.00%, 06/15/25 | 190 | 200723 |
| Rhode Island Commerce Corp. RB, Series B, 5.00%, 06/15/25 | 445 | 471275 |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 130 | 139457 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 135 | 144821 |
| State of Rhode Island GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/15/25 | 470 | 494184 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 95 | 101323 |
|  |  | 1972937 |
| **South Carolina — 0.5%** |  |  |
| City of Charleston SC Waterworks & Sewer System Revenue RB, 5.00%, 01/01/32 (PR 01/01/25) | 815 | 856216 |
| City of Columbia SC Waterworks & Sewer System Revenue RB, Series B, 5.00%, 02/01/25 | 265 | 279174 |
| County of Charleston SC GO, 5.00%, 11/01/25 (SAW) | 400 | 430410 |
| Fort Mill School District No. 4 GO, Series A, 5.00%, 03/01/25, (SCSDE) | 100 | 105524 |
| South Carolina Transportation Infrastructure Bank RB, Series-B, 5.00%, 10/01/25 | 455 | 487733 |
| State of South Carolina GO, 5.00%, 04/01/25 | 125 | 132338 |
|  |  | 2291395 |
| **Tennessee — 2.9%** |  |  |
| City of Memphis TN Electric System Revenue RB, 5.00%, 12/01/25 |  |  |
| City of Memphis TN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/25 | 200 | 211610 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 12/01/25 | 210 | 226328 |
| City of Memphis TN Sanitary Sewerage System Revenue RB, 5.00%, 10/01/25 | 655 | 702297 |
| County of Blount TN GO, 5.00%, 06/01/25 | 535 | 568522 |
| County of Hamilton TN GO |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 03/01/25 | 460 | 476495 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/25 | 150 | 158805 |
| County of Montgomery TN GO, 5.00%, 04/01/25 | 560 | 591684 |
| County of Putnam TN GO, 5.00%, 04/01/25 | 100 | 105783 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Tennessee (continued)** |  |  |
| County of Shelby TN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/25 | $350 | $370393 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/25 | 345 | 365102 |
| County of Sumner TN GO, 5.00%, 12/01/25 | 150 | 161577 |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/25 | 170 | 180315 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/25 | 260 | 275776 |
| Metropolitan Government of Nashville & Davidson County TN GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 890 | 934837 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 1065 | 1134335 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 280 | 298229 |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 220 | 234216 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 230 | 244862 |
| State of Tennessee GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 580 | 611256 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 210 | 224922 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/29 (PR 08/01/25) | 2035 | 2171994 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 430 | 459488 |
| Tennessee State School Bond Authority, 5.00%, 11/01/25 (ST INTERCEPT) | 270 | 290390 |
| Tennessee State School Bond Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 (ST HGR ED INTERCEPT PROG) | 255 | 274257 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 (ST INTERCEPT) | 110 | 118307 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 11/01/25 (NPFGC) | 320 | 344166 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/01/25 | 315 | 338788 |
|  |  | 12225499 |
| **Texas — 11.2%** |  |  |
| Alamo Regional Mobility Authority RB, 5.00%, 06/15/25 | 180 | 190885 |
| Aldine Independent School District GOL, 5.00%, 02/15/25 | 200 | 210717 |
| Alvin Independent School District/TX GO, 5.00%, 02/15/25 (PSF) | 230 | 242231 |
| Arlington Independent School District/TX GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/25 (PSF) | 70 | 73780 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/25 (PSF) | 100 | 105400 |
| Austin Community College District, 5.00%, 08/01/25 | 305 | 324996 |
| Austin Community College District GOL, 5.00%, 08/01/25 | 100 | 106556 |
| Austin Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 (PSF) | 680 | 725606 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 (PSF) | 195 | 208078 |
| Birdville Independent School District GO, Series B, 5.00%, 02/15/25 (PSF) | 170 | 179110 |
| Board of Regents of the University of Texas System RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/15/25 | 200 | 213896 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/15/25 | 265 | 283412 |
| &nbsp;&nbsp;&nbsp;Series J, 5.00%, 08/15/25 | 245 | 262023 |
| Central Texas Regional Mobility Authority RB, 5.00%, 01/01/25 | 135 | 140511 |
| City of Arlington TX GOL, 5.00%, 08/15/25 | 155 | 164860 |
| City of Austin TX GOL, 5.00%, 09/01/25 | 300 | 320770 |
| City of Austin TX Water & Wastewater System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | 195 | 209848 |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 (ETM) | 45 | 48281 |
| City of Austin/TX GOL, 5.00%, 09/01/25 | 355 | 379578 |
| City of Dallas TX Waterworks & Sewer System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 300 | 321663 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/25 | 100 | 107221 |
| City of Denton TX GOL, 5.00%, 02/15/25 | 110 | 115850 |
| City of Frisco TX GOL, 5.00%, 02/15/25 | 545 | 573202 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| City of Houston TX Airport System Revenue RB, Series D, 5.00%, 07/01/25 | $65 | $69058 |
| City of Houston TX Combined Utility System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/15/25 | 135 | 145013 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.00%, 12/01/25 (AGM)<sup>(a)</sup> | 20 | 18521 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 11/15/25 | 300 | 322251 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 11/15/25 | 230 | 247059 |
| City of McKinney TX Waterworks & Sewer System Revenue RB, 5.00%, 03/15/25 | 15 | 15810 |
| City of Plano TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 225 | 240344 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 09/01/25 | 95 | 101478 |
| City of San Antonio TX Electric & Gas Systems Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 555 | 583350 |
| &nbsp;&nbsp;&nbsp;Series ETM, 5.00%, 02/01/25 (ETM) | 50 | 52644 |
| City of San Antonio TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 50 | 52634 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 735 | 784294 |
| Clear Creek Independent School District GO, 5.00%, 02/15/25 (PSF) | 165 | 173707 |
| Conroe Independent School District GO, 5.00%, 02/15/25 (PSF) | 30 | 31614 |
| County of Bexar TX GOL, 5.00%, 06/15/25 | 120 | 127542 |
| County of Bexar TX RB, 5.00%, 06/15/25 | 460 | 488911 |
| County of Collin TX GOL, 5.00%, 02/15/25 | 190 | 200259 |
| County of Dallas TX GOL, 5.00%, 08/15/25 | 500 | 533846 |
| County of Denton TX GOL, 5.00%, 05/15/25 | 185 | 195970 |
| County of Fort Bend TX GO, Series A, 5.00%, 03/01/25 | 110 | 115869 |
| County of Harris TX GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 145 | 155431 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/01/25 | 425 | 455575 |
| County of Harris TX RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 | 455 | 485451 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/25 | 370 | 394763 |
| County of Montgomery TX GO, Series A, 5.00%, 03/01/25 | 120 | 126453 |
| Cypress-Fairbanks Independent School District GO, 5.00%, 02/15/25 (PSF) | 1035 | 1090462 |
| Dallas Area Rapid Transit RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 1365 | 1468405 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/31 (PR 12/01/25) | 475 | 510983 |
| &nbsp;&nbsp;&nbsp;Dallas Fort Worth International Airport, 5.00%, 11/01/25 | 370 | 396609 |
| Dallas Fort Worth International Airport RB, 5.00%, 11/01/25 | 230 | 246541 |
| Dallas Independent School District, 5.00%, 02/15/25 (PSF) | 500 | 526998 |
| Dallas Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/25 (PSF) | 500 | 526749 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/25 (PSF) | 395 | 416329 |
| Denton Independent School District GO, 5.00%, 08/15/25 (PSF) | 350 | 373692 |
| DeSoto Independent School District GO, 0.00%, 08/15/25 (PSF)<sup>(a)</sup> | 200 | 186993 |
| Fort Bend Independent School District GO, 5.00%, 02/15/25 (PSF) | 150 | 157946 |
| Fort Worth Independent School District GO, 5.00%, 02/15/25 (PSF) | 625 | 658620 |
| Frisco Independent School District GO, Series A, 5.00%, 08/15/25 (PSF) | 395 | 421637 |
| Grapevine-Colleyville Independent School District GO, 0.00%, 08/15/25 (PSF)<sup>(a)</sup> | 200 | 187932 |
| Irving Independent School District GO, 5.00%, 02/15/25 (PSF) | 765 | 805838 |
| Judson Independent School District GO, 5.00%, 02/01/25 (PSF) | 135 | 141923 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| Katy Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/15/25 (PSF) | $105 | $110691 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/15/25 (PSF) | 35 | 36897 |
| Keller Independent School District/TX GO, Series A, 5.00%, 02/15/25 (PSF) | 145 | 152770 |
| Killeen Independent School District GO, 5.00%, 02/15/25 (PSF) | 100 | 105359 |
| Klein Independent School District GO, Series A, 5.00%, 08/01/25 (PSF) | 40 | 42663 |
| Leander Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;0.00%, 08/15/25 (PSF)<sup>(a)</sup> | 330 | 307922 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/25 (PSF) | 155 | 165690 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series B, 0.00%, 08/15/25<sup>(a)</sup> | 100 | 93077 |
| Lewisville Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 (PSF) | 880 | 936877 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/15/25 | 410 | 437126 |
| Lone Star College System GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/25 | 305 | 321219 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 | 40 | 42697 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/25 | 175 | 187224 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/15/25 | 570 | 600312 |
| Lower Colorado River Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/25 | 610 | 645610 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 05/15/25 | 140 | 148173 |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, Series B, 5.00%, 11/01/25 | 180 | 193244 |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 235 | 252291 |
| &nbsp;&nbsp;&nbsp;Series-A, 5.00%, 11/01/25 | 120 | 128829 |
| North East Independent School District/TX GO, 5.00%, 08/01/25 (PSF) | 350 | 373210 |
| North Texas Municipal Water District RB, 5.00%, 06/01/25 | 335 | 355244 |
| North Texas Municipal Water District Upper East Fork Wastewater Interceptor System, 5.00%, 06/01/25 | 90 | 95576 |
| North Texas Municipal Water District Water System Revenue RB, 5.00%, 09/01/25 | 720 | 769848 |
| North Texas Tollway Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 240 | 251170 |
| &nbsp;&nbsp;&nbsp;6.50%, 01/01/43 (PR 07/01/25) | 2010 | 2160721 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 01/01/25 | 270 | 283447 |
| Northside Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 (PSF) | 100 | 106357 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/15/25 (PSF) | 100 | 106846 |
| Northwest Independent School District, 5.00%, 02/15/28 (PR 02/15/25) | 45 | 47379 |
| Northwest Independent School District GO, Series B, 5.00%, 02/15/25 (PSF) | 50 | 52638 |
| Permanent University Fund - Texas A&M University System RB |  |  |
| &nbsp;&nbsp;&nbsp;4.50%, 07/01/25 | 80 | 84293 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 260 | 276990 |
| Permanent University Fund - University of Texas System RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 230 | 244750 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/01/25 | 180 | 191544 |
| Plano Independent School District GO, 5.00%, 02/15/25 | 150 | 158099 |
| Rockwall Independent School District GO, 5.00%, 02/15/25 (PSF) | 110 | 115805 |
| Round Rock Independent School District GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 70 | 74659 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 (PSF) | 60 | 63919 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/35 (PR 08/01/25) (PSF) | 600 | 640391 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 (PSF) | 120 | 127837 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Texas (continued)** |  |  |
| San Antonio Independent School District/TX GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/15/25 (PSF) | $290 | $305540 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 (PSF) | 500 | 533973 |
| San Antonio Water System RB |  |  |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/25 | 175 | 185538 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/15/25 | 135 | 143129 |
| Spring Independent School District GO, 5.00%, 08/15/25 (PSF) | 215 | 229444 |
| State of Texas GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/25 | 245 | 258902 |
| &nbsp;&nbsp;&nbsp;5.00%, 10/01/25 | 1230 | 1317496 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/01/25 | 235 | 248334 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 195 | 207931 |
| State of Texas GOL, Series A, 5.00%, 08/01/25 | 235 | 250584 |
| Tarrant County College District GOL, 5.00%, 08/15/25 | 195 | 208299 |
| Tarrant Regional Water District Water Supply System Revenue RB, 5.00%, 03/01/25 | 230 | 242561 |
| Texas A&M University RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/25 | 1230 | 1305764 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 05/15/25 | 720 | 764350 |
| Texas State Technical College, 5.00%, 08/01/25 (AGM) | 300 | 318241 |
| Texas State Technical College RB, 4.00%, 10/15/25 | 100 | 104646 |
| Texas State University System RB, 5.00%, 03/15/25 | 685 | 722723 |
| Texas Tech University System, 5.00%, 02/15/25 | 460 | 483992 |
| Texas Transportation Commission State Highway Fund RB 5.25%, 04/01/25 | 310 | 329690 |
| &nbsp;&nbsp;&nbsp;First Series, 5.00%, 10/01/25 | 280 | 300068 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/01/25 | 1415 | 1516415 |
| Texas Water Development Board, 5.00%, 04/15/25 | 550 | 581817 |
| Texas Water Development Board RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/25 | 140 | 148099 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 50 | 53316 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/15/25 | 160 | 169256 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 10/15/25 | 700 | 749831 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/15/25 | 185 | 195702 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 10/15/25 | 990 | 1060476 |
| Trinity River Authority Central Regional Wastewater System Revenue, 5.00%, 08/01/25 | 385 | 411014 |
| Trinity River Authority Central Regional Wastewater System Revenue RB, 5.00%, 08/01/25 | 1290 | 1377166 |
| Tyler Independent School District GO, 5.00%, 02/15/25 (PSF) | 260 | 273348 |
| University of North Texas System RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/15/25 | 250 | 264186 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 04/15/25 | 300 | 317687 |
| University of Texas System (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 | 340 | 363623 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 08/15/25 | 120 | 128338 |
| &nbsp;&nbsp;&nbsp;Series H, 5.00%, 08/15/25 | 275 | 294107 |
|  |  | 47598958 |
| **Utah — 1.2%** |  |  |
| Central Utah Water Conservancy District GOL, 5.00%, 04/01/25 | 200 | 211697 |
| Davis School District GO, Series B, 5.00%, 06/01/25 | 70 | 74370 |
| Ogden City School District GO, 5.00%, 06/15/25 (GTD) | 140 | 149033 |
| State of Utah GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 1250 | 1332901 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 (PR 01/01/25) | 700 | 735400 |
| University of Utah (The) RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 08/01/25 | 450 | 469196 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 08/01/25 | 75 | 78199 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 170 | 181359 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Utah (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Series B1, 5.00%, 08/01/25 (SAP) | $300 | $320045 |
| Utah State Building Ownership Authority RB, 5.00%, 05/15/25 | 540 | 571648 |
| Utah Transit Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/25 | 370 | 392550 |
| &nbsp;&nbsp;&nbsp;5.00%, 06/15/35 (PR 06/15/25) | 295 | 314279 |
| Utah Water Finance Agency RB, Series A, 5.00%, 03/01/25 | 195 | 205527 |
|  |  | 5036204 |
| **Vermont — 0.0%** |  |  |
| University of Vermont & State Agricultural College RB, 5.00%, 10/01/25 | 40 | 42770 |
| Vermont Municipal Bond Bank RB, Series 5, 5.00%, 12/01/25 | 115 | 123679 |
|  |  | 166449 |
| **Virginia — 4.6%** |  |  |
| City of Alexandria VA GO, Series D, 5.00%, 07/01/25 (SAW) | 140 | 149421 |
| City of Charlottesville VA GO, 4.00%, 07/15/25 (SAW) | 125 | 130192 |
| City of Falls Church VA GO, 5.00%, 07/15/25 | 225 | 240075 |
| City of Hampton VA GO, 5.00%, 09/01/25 (SAW) | 165 | 176724 |
| City of Newport News VA Water Revenue RB, 5.00%, 07/15/25 | 1440 | 1536834 |
| City of Norfolk VA GO, Series A, 5.00%, 10/01/25 | 145 | 155509 |
| City of Norfolk VA Water Revenue RB, Series B, 5.00%, 11/01/25 | 125 | 134336 |
| City of Richmond VA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 (SAW) | 125 | 131957 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 07/15/25 (SAW) | 35 | 37328 |
| City of Richmond VA Public Utility Revenue RB, 5.00%, 01/15/25 | 235 | 247369 |
| City of Virginia Beach VA Storm Water Utility Revenue RB, 5.00%, 11/15/25 | 385 | 414639 |
| City of Virginia Beach VA Water & Sewer System Revenue RB, 5.00%, 10/01/25 | 100 | 107382 |
| Commonwealth of Virginia GO, Series B, 5.00%, 06/01/25 | 335 | 356227 |
| County of Arlington VA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/15/25 | 150 | 160461 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 (SAW) | 50 | 53429 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/15/25 | 75 | 80230 |
| County of Chesterfield VA Water & Sewer Revenue RB, 5.00%, 11/01/25 | 200 | 215159 |
| County of Fairfax VA GO, Series A, 5.00%, 10/01/25 (SAW) | 245 | 263021 |
| County of Fairfax VA Sewer Revenue RB, 5.00%, 07/15/25 | 110 | 117397 |
| County of Henrico VA GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/15/25 | 130 | 138742 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 (SAW) | 550 | 587718 |
| County of Loudoun VA GO, Series A, 5.00%, 12/01/25 (SAW) | 1000 | 1079472 |
| Fairfax County Industrial Development Authority RB, 5.00%, 05/15/25 | 285 | 301900 |
| Hampton Roads Sanitation District RB, Series A, 4.00%, 08/01/25 | 105 | 109505 |
| Loudoun County Sanitation Authority RB, 5.00%, 01/01/25 | 35 | 36810 |
| Upper Occoquan Sewage Authority RB, 4.00%, 07/01/39 (PR 07/01/25) | 2000 | 2082977 |
| Virginia Beach Development Authority RB, 5.00%, 04/01/25 | 165 | 174542 |
| Virginia College Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 875 | 935352 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/25 | 150 | 158023 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/28 (PR 02/01/25) | 125 | 131611 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 02/01/30 (PR 02/01/25) | 300 | 315866 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 09/01/25 | 440 | 470349 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 02/01/25 | 595 | 626825 |
| Virginia Commonwealth Transportation Board RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/15/25 | 1050 | 1110060 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Virginia (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/15/25 | $190 | $201791 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/15/25 | 130 | 139355 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/15/25 | 690 | 732820 |
| Virginia Public Building Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 1420 | 1517738 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 175 | 187045 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 1095 | 1170368 |
| Virginia Public School Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 03/01/25 (SAW) | 255 | 269246 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 540 | 576623 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 (SAW) | 50 | 53404 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 200 | 213564 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 330 | 352381 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 08/01/25 | 455 | 485859 |
| Virginia Resources Authority Clean Water Revolving Fund RB, 5.00%, 10/01/25 | 65 | 69781 |
| Virginia Resources Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25 | 600 | 644784 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 11/01/25 | 30 | 32282 |
| &nbsp;&nbsp;&nbsp;Series D, 4.00%, 11/01/25 | 55 | 57484 |
|  |  | 19671967 |
| **Washington — 5.2%** |  |  |
| Central Puget Sound Regional Transit Authority RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 11/01/25. | 150 | 161161 |
| &nbsp;&nbsp;&nbsp;Series S-1, 5.00%, 11/01/25 | 745 | 800434 |
| &nbsp;&nbsp;&nbsp;Series S-1, 5.00%, 11/01/35 (PR 11/01/25) | 1375 | 1477692 |
| Central Puget Sound Regional Transit Authority Sales & Rental Car Taxes Revenue RB, SERIES S-1, 5.00%, 11/01/30 (PR 05/01/26) | 290 | 311659 |
| City of Seattle Municipal Light & Power Revenue, 5.00%, 07/01/25 | 500 | 532309 |
| City of Seattle WA Drainage & Wastewater Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 110 | 117108 |
| &nbsp;&nbsp;&nbsp;5.00%, 09/01/25 | 750 | 802120 |
| City of Seattle WA GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | 585 | 622067 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 335 | 361239 |
| City of Seattle WA Municipal Light & Power Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 02/01/25 | 195 | 205273 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 04/01/25 | 125 | 132174 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 09/01/25 | 325 | 347585 |
| &nbsp;&nbsp;&nbsp;Series-A, 5.00%, 07/01/25 | 135 | 143723 |
| City of Seattle WA Water System Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 340 | 360326 |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 225 | 240090 |
| City of Tacoma WA Electric System Revenue RB, 5.00%, 01/01/25 | 110 | 115436 |
| City of Vancouver WA GOL, Series B, 5.00%, 12/01/25 | 190 | 204610 |
| Clark County Public Utility District No. 1 RB, 5.00%, 01/01/25 | 230 | 241053 |
| Clark County School District No. 114 Evergreen GO, 5.00%, 12/01/25 (SCH BD GTY) | 235 | 253071 |
| Clark County School District No. 122 Ridgefield GO, 5.00%, 12/01/25 | 55 | 59229 |
| County of King WA GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 230 | 245030 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 180 | 193996 |
| &nbsp;&nbsp;&nbsp;Series A, 4.00%, 01/01/25 | 110 | 113494 |
| County of King WA Sewer Revenue, 5.00%, 01/01/25 | 200 | 210076 |
| County of King WA Sewer Revenue RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/34 (PR 01/01/25) | 400 | 420229 |
| &nbsp;&nbsp;&nbsp;Series-B, 5.00%, 07/01/25 | 330 | 351324 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **Washington (continued)** |  |  |
| County of Kitsap WA GOL, 5.00%, 06/01/25 | $140 | $148706 |
| County of Pierce WA GO, 5.00%, 08/01/25 | 150 | 159872 |
| County of Pierce WA GOL |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 08/01/25 | 200 | 213162 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 155 | 164827 |
| County of Snohomish WA GOL, 5.00%, 12/01/25 | 445 | 479219 |
| County of Spokane WA GOL, Series B, 5.00%, 12/01/25 | 165 | 177641 |
| Energy Northwest RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 210 | 223570 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 07/01/25 | 1255 | 1336095 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/25 | 890 | 947509 |
| King County School District No. 405 Bellevue GO, 5.00%, 12/01/25 (GTD) | 110 | 118459 |
| King County School District No. 410 Snoqualmie Valley GO, 5.00%, 12/01/25 (GTD) | 330 | 355376 |
| King County School District No. 415 Kent GO, 5.00%, 12/01/25 (GTD) | 225 | 241981 |
| Kitsap County School District No. 401 Central Kitsap GO, 5.00%, 12/01/25 | 140 | 150766 |
| Pierce County School District No 10 Tacoma GO, 5.00%, 12/01/25 | 250 | 269367 |
| Pierce County School District No 402 Franklin Pierce GO, 5.00%, 12/01/25. | 105 | 113074 |
| Port of Seattle WA RB |  |  |
| &nbsp;&nbsp;&nbsp;4.00%, 02/01/25 | 130 | 133811 |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 155 | 162546 |
| Port of Tacoma WA RB, Series A, 4.00%, 12/01/25 | 115 | 120218 |
| Snohomish County School District No. 201 Snohomish GO, 5.00%, 12/01/25, (SCH BD GTY) | 220 | 236541 |
| Snohomish County School District No. 4 Lake Stevens GO, 5.00%, 12/01/25 | 70 | 75383 |
| Spokane County School District No. 356 Central Valley GO, 5.00%, 12/01/25 | 90 | 96921 |
| State of Washington |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 385 | 405129 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 200 | 213167 |
| State of Washington COP |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 01/01/25 | 250 | 261875 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 (ST INTERCEPT) | 410 | 435299 |
| &nbsp;&nbsp;&nbsp;Series C, 5.00%, 07/01/25 | 95 | 100862 |
| State of Washington GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 02/01/25 | 505 | 531403 |
| &nbsp;&nbsp;&nbsp;5.00%, 07/01/25 | 420 | 447650 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 08/01/25 | 225 | 240373 |
| &nbsp;&nbsp;&nbsp;Series A-1, 5.00%, 08/01/25 | 215 | 229690 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 06/01/25 | 190 | 202039 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 08/01/25 | 115 | 122857 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 02/01/25 | 150 | 157843 |
| &nbsp;&nbsp;&nbsp;Series D, 5.00%, 06/01/25 | 750 | 797522 |
| &nbsp;&nbsp;&nbsp;Series E, 5.00%, 06/01/25 | 700 | 744354 |
| &nbsp;&nbsp;&nbsp;&nbsp;Series F, 0.00%, 12/01/25 (AMBAC)<sup>(a)</sup> | 410 | 381489 |
| &nbsp;&nbsp;&nbsp;Series R-2018C, 5.00%, 08/01/25 | 285 | 304473 |
| &nbsp;&nbsp;&nbsp;Series R-2018D, 5.00%, 08/01/25 | 405 | 432672 |
| University of Washington, 5.00%, 04/01/25 | 400 | 422436 |
| University of Washington RB |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 04/01/25 | 195 | 205937 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 160 | 171938 |
| &nbsp;&nbsp;&nbsp;Series B, 4.00%, 06/01/25 | 240 | 249063 |
|  |  | 22005623 |

---

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 | **(Percentages shown are based on Net Assets)** |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par<br> (000)* | *Value* |
| **West Virginia — 0.4%** |  |  |
| State of West Virginia GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 06/01/25 | $115 | $122152 |
| &nbsp;&nbsp;&nbsp;5.00%, 12/01/25 | 150 | 161534 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 06/01/25 | 720 | 764776 |
| West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/25 | 455 | 484260 |
| West Virginia State School Building Authority Lottery Revenue RB, Series A, 5.00%, 07/01/25 | 240 | 255333 |
|  |  | 1788055 |
| **Wisconsin — 1.8%** |  |  |
| Hamilton School District/WI GO, 5.00%, 04/01/25 | 180 | 190410 |
| State of Wisconsin Environmental Improvement Fund Revenue RB, Series A, 5.00%, 06/01/25 | 1190 | 1264842 |
| State of Wisconsin GO |  |  |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/25 | 285 | 302360 |
| &nbsp;&nbsp;&nbsp;5.00%, 05/01/32 (PR 05/01/25) | 720 | 763205 |
| &nbsp;&nbsp;&nbsp;Series 2, 4.00%, 11/01/25 | 135 | 141098 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 11/01/25 | 2375 | 2555014 |
| &nbsp;&nbsp;&nbsp;Series A, 5.00%, 05/01/25 | 480 | 509238 |
| &nbsp;&nbsp;&nbsp;Series B, 5.00%, 05/01/25 | 250 | 265228 |
| State of Wisconsin RB, Series A, 5.00%, 05/01/25 | 295 | 312369 |
| Wisconsin Department of Transportation RB |  |  |
| &nbsp;&nbsp;&nbsp;Series 1, 5.00%, 07/01/25 | 520 | 553980 |
| &nbsp;&nbsp;&nbsp;Series 2, 5.00%, 07/01/25 | 675 | 719109 |
|  |  | 7576853 |
| **Total Long-Term Investments — 98.7%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $423,242,599)** |  | 418400178 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Shares <br> (000)* | *Value* |
| **Short-Term Securities** |  |  |
| **Money Market Funds — 0.3%** |  |  |
| BlackRock Liquidity Funds: MuniCash, 1.39%<sup>(b)(c)</sup> | 1399 | $1399049 |
| **Total Short-Term Securities — 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $1,398,863)** |  | 1399049 |
| **Total Investments — 99.0%** |  |  |
| &nbsp;&nbsp;&nbsp;**(Cost: $424,641,462)** |  | 419799227 |
| **Other Assets Less Liabilities — 1.0%** |  | 4097819 |
| **Net Assets — 100.0%** |  | $423897046 |

---

<sup>(a)</sup> Zero-coupon bond.

<sup>(b)</sup> Affiliate of the Fund.

<sup>(c)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at 10/31/22* | *Purchases at Cost* | *Proceeds from Sale* | *Net Realized Gain (Loss)* | *Change in <br> Unrealized <br> Appreciation <br> (Depreciation)* | *Value at 01/31/23* | *Shares Held at 01/31/23 (000)* | *Income* | *Capital Gain Distributions from Underlying Funds* |
| BlackRock Liquidity Funds: MuniCash | $1305035 | $93852 <sup>(a)</sup> | $– $| (23) | $185 | $1399049 | 1399 | $12764 | $— |

---

<sup>(a)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

---

| | |
|:---|:---|
| Schedule of Investments (unaudited) (continued) | **iShares**<sup>®</sup> **iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF** |
| January 31, 2023 |  |

---

**Fair Value Hierarchy as of Period End (continued)**

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Long-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Municipal Debt Obligations | $— | $418400178 | $— | $418400178 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Short-Term Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1399049 |  |  | 1399049 |
|  | $1399049 | $418400178 | $— | $419799227 |

---

**Portfolio Abbreviation**

---

| | | | |
|:---|:---|:---|:---|
| AGC | Assured Guaranty Corp. | PR | Prerefunded |
| AGM | Assured Guaranty Municipal Corp. | PSF | Permanent School Fund |
| AMBAC | Ambac Assurance Corp. | RB | Revenue Bond |
| BAM | Build America Mutual Assurance Co. | SAP | Subject to Appropriations |
| COP | Certificates of Participation | SAW | State Aid Withholding |
| ETM | Escrowed to Maturity | SCH BD GTY | School Board Guaranty |
| GO | General Obligation | SCSDE | South Carolina State Department of Education |
| GOL | General Obligation Limited | ST | Special Tax |
| GTD | Guaranteed |  |  |
| NPFGC | National Public Finance Guarantee Corp. |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iShares Trust

- **b. Investment Company Act file number:** 811-09729

- **c. CIK number of Registrant:** 0001100663

- **d. LEI of Registrant:** 5493000860OXIC4B5K91

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

  - **Street Address 1:** 400 Howard Street

  - **City:** San Francisco

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94105

  - **Telephone number:** 800-474-2737

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

- **a. Name of Series:** iShares iBonds Dec 2025 Term Muni Bond ETF

- **b. EDGAR series identifier (if any):** S000063114

- **c. LEI of Series:** 549300HWKQDCKU6G0739

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $425020702.81

**Total Liabilities:** $1123656.47

**Net Assets:** $423897046.34

**Delayed Delivery Securities:** $1061095.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 47208.33000000 | **5-Year:** 49946.34000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 5.28000000 | **1-Year:** 221.90000000 | **5-Year:** 25.51000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000204675 | 1.91%                | 0.19%                | 1.17%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $643.66                  | $5859119.61                                |
| Month 2  | $-1082.93                | $140471.40                                 |
| Month 3  | $416.11                  | $4205133.92                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Maricopa County Community College District                                      | MARICOPA CNTY AZ CMNTY CLG DIST                              | CUSIP: 566795LZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $766524.53    | 0.18%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                          | GEORGIA ST ROAD & TOLLWAY AUTH FEDERAL HIGHWAY REIMBURSEMENT | CUSIP: 373376DE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $291779.48    | 0.07%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washoe County School District/NV                                                | WASHOE CNTY NV SCH DIST                                      | CUSIP: 9408585M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148378.38    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                       | GRAND RIVER OK DAM AUTH REVENUE                              | CUSIP: 386442XG7<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |    145000 | PA      | $149870.77    | 0.04%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112TV8<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    680000 | PA      | $724270.52    | 0.17%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 52882PAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $244865.54    | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                            | CHARLOTTE NC                                                 | CUSIP: 161035GV6<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90616.55     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522UY8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    225000 | PA      | $240811.74    | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCT1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    785000 | PA      | $844467.36    | 0.20%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BNL7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    500000 | PA      | $533659.40    | 0.13%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FZH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $113493.89    | 0.03%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446464K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $789978.93    | 0.19%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $507448.56    | 0.12%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP REVENUE                      | CUSIP: 64985HUD7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    215000 | PA      | $227344.05    | 0.05%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WM35<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    480000 | PA      | $516546.77    | 0.12%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974ENE2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    700000 | PA      | $744353.75    | 0.18%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                       | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                  | CUSIP: 567505PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42536.12     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758VC4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    160000 | PA      | $170811.26    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RSP2<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |    145000 | PA      | $154404.77    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525D88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $138938.72    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TX                                                         | MONTGOMERY CNTY TX                                           | CUSIP: 6136814F9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $126453.08    | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686W81<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105826.58    | 0.02%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BN37<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    300000 | PA      | $320497.68    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County School District No 201 Snohomish                               | SNOHOMISH CNTY WA SCH DIST #201                              | CUSIP: 833221WF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $236540.50    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854WG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $169255.78    | 0.04%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $307314.79    | 0.07%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia SC Waterworks & Sewer System Revenue                           | COLUMBIA SC WTRWKS & SWR SYS                                 | CUSIP: 198504WH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $279174.16    | 0.07%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686Q70<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264566.45    | 0.06%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST SPL OBLG                                             | CUSIP: 67759HGV0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    630000 | PA      | $668440.27    | 0.16%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157V98<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    545000 | PA      | $579660.64    | 0.14%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Escondido Union High School District                                            | ESCONDIDO CA UNION HIGH SCH DIST                             | CUSIP: 296353KQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $56262.26     | 0.01%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GFR0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106523.83    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MHX0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    145000 | PA      | $154834.19    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541VL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122886.41    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                           | HAMILTON CNTY TN                                             | CUSIP: 4073246C1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $476494.86    | 0.11%             | 2025-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                  | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514UV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26780.01     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MA66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $319166.55    | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522VK7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    590000 | PA      | $632146.36    | 0.15%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                       | UNIV OF CONNECTICUT CT REVENUE                               | CUSIP: 914225GR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107417.16    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HW99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $693227.47    | 0.16%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793J34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201790.89    | 0.05%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Joint Toll Bridge Commission                                     | DELAWARE RIVER PA JT TOLL BRIDGE COMMISSION                  | CUSIP: 246343MS3<br>LEI: 549300N6IGAQMI0JLE23 | Long             | DBT              | MUN               | US        |    105000 | PA      | $111555.42    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507P54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $382737.71    | 0.09%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546417CS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116030.26    | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 69 Paradise Valley                   | MARICOPA CNTY AZ UNIF SCH DIST #69 PARADISE VLY              | CUSIP: 567373F67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149046.44    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522H49<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    275000 | PA      | $292611.99    | 0.07%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990BUZ4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53182.29     | 0.01%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AZC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159692.61    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507GH7<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    350000 | PA      | $378016.03    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PKU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132986.06    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD REVENUE                                         | CUSIP: 059231J35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69105.42     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RLT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106356.63    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036EQ5<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5275.88      | 0.00%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252NR6<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    420000 | PA      | $440836.41    | 0.10%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KDR7<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    465000 | PA      | $497234.96    | 0.12%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Public Building Commission                                       | JOHNSON CNTY KS PUBLIC BLDG COMMISSION LEASE PURCHASE REVENU | CUSIP: 478497E22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $282727.68    | 0.07%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Frisco Independent School District                                              | FRISCO TX INDEP SCH DIST                                     | CUSIP: 35880CTP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $421637.30    | 0.10%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tucson AZ Water System Revenue                                          | TUCSON AZ WTR REVENUE                                        | CUSIP: 898797BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $186308.05    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 7 Reynolds                                  | MULTNOMAH CNTY OR SCH DIST #7REYNOLDS                        | CUSIP: 625574QA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $377183.95    | 0.09%             | 2036-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TN                                                         | MONTGOMERY CNTY TN                                           | CUSIP: 61366AHT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105783.01    | 0.02%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WQL9<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54102.77     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DFV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $800800.80    | 0.19%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund         | RHODE ISLAND ST INFRASTRUCTURE BANK WTR POLL CONTROL REVENUE | CUSIP: 76221UCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139457.06    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 6446823T1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $188707.19    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EGZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128829.20    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BSY1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    170000 | PA      | $175204.84    | 0.04%             | 2025-06-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014YS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $281383.61    | 0.07%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Snohomish WA                                                          | SNOHOMISH CNTY WA                                            | CUSIP: 833086DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $479219.12    | 0.11%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DFW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78678.14     | 0.02%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827YL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $183480.27    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193LG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $349789.25    | 0.08%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014XZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $580943.19    | 0.14%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Unified School District                                               | PALO ALTO CA UNIF SCH DIST                                   | CUSIP: 697379TD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $548450.20    | 0.13%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Sanitary Sewerage System Revenue                             | MEMPHIS TN SANTN SWR SYS REVENUE                             | CUSIP: 586200SE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $487855.05    | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Minnesota Municipal Power Agency                                       | STHRN MINNESOTA ST MUNI PWR AGY PWR SPLY SYS REVENUE         | CUSIP: 843375QM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $52057.78     | 0.01%             | 2025-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Omaha NE                                                                | OMAHA NE                                                     | CUSIP: 6817127Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $873822.18    | 0.21%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rio Hondo Community College District/CA                                         | RIO HONDO CA CMNTY CLG DIST                                  | CUSIP: 767121DT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91065.01     | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424RC1<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    515000 | PA      | $550387.66    | 0.13%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City Public Financing Authority                                | SAN MATEO FOSTER CITY CA PUBLIC FING AUTH WSTWTR REVENUE     | CUSIP: 79905VBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $379971.66    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                                   | IOWA ST SPL OBLG                                             | CUSIP: 46257TEC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $445528.48    | 0.11%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davis School District                                                           | DAVIS CNTY UT SCH DIST                                       | CUSIP: 239019V90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74369.63     | 0.02%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213ASG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95543.69     | 0.02%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnston NC                                                           | JOHNSTON CNTY NC                                             | CUSIP: 479340TM3<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |    235000 | PA      | $242818.40    | 0.06%             | 2025-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MDD4<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    585000 | PA      | $620104.15    | 0.15%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428G59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $277116.74    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065XN9<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    165000 | PA      | $175181.42    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RSV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101323.62    | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AH24<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    310000 | PA      | $324606.27    | 0.08%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Electric System Revenue                                      | MEMPHIS TN ELEC SYS REVENUE                                  | CUSIP: 586158PU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $150765.57    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077CY57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1051340.06   | 0.25%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                           | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525FD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $217941.16    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HHS8<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    175000 | PA      | $186947.44    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                         | MIAMI-DADE CNTY FL                                           | CUSIP: 59333FTL4<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    255000 | PA      | $271415.47    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172N50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $187045.15    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PUL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48138.15     | 0.01%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Manchester NH                                                           | MANCHESTER NH                                                | CUSIP: 562333MM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $321424.12    | 0.08%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612CR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $125878.45    | 0.03%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lone Star College System                                                        | LONE STAR TX CLG SYS                                         | CUSIP: 542264GJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $187223.75    | 0.04%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue      | MET GOVT NASHVILLE & DAVIDSONCNTY TN ELEC REVENUE            | CUSIP: 592030J76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $180314.90    | 0.04%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Municipal Water District                                                | ESTRN CA MUNI WTR DIST WTR & WSTWTR REVENUE                  | CUSIP: 27627TAT9<br>LEI: 549300ZCFVRFDIRWK089 | Long             | DBT              | MUN               | US        |     95000 | PA      | $101462.57    | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193RN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $464831.21    | 0.11%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Assessment Revenue                   | MASSACHUSETTS BAY MA TRANSPRTN AUTH REVENUE                  | CUSIP: 575577ND9<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    350000 | PA      | $372871.42    | 0.09%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224Q93<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107546.93    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UAS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264300.20    | 0.06%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643VR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532308.70    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH                                     | CUSIP: 3431367G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175661.87    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RJU1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    235000 | PA      | $250470.90    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 415 Kent                                         | KING CNTY WA SCH DIST #415 KENT                              | CUSIP: 495278V75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $241980.59    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA                                                            | HENRICO CNTY VA                                              | CUSIP: 426056T64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $138741.94    | 0.03%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1 COPS                       | CUSIP: 24919PJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $220179.02    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DY36<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    405000 | PA      | $432671.87    | 0.10%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                              | CUSIP: 30382AGD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $263020.63    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Unified School District                                              | LONG BEACH CA UNIF SCH DIST                                  | CUSIP: 542433QY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $187221.65    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HZH2<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    255000 | PA      | $273756.17    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 512 Shawnee Mission                   | JOHNSON CNTY KS UNIF SCH DIST#512 SHAWNEE MISSION            | CUSIP: 478740SY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268253.88    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ALM7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    185000 | PA      | $194495.27    | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Henrico VA                                                            | HENRICO CNTY VA                                              | CUSIP: 426056U47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $587717.63    | 0.14%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                                              | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867JR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117397.03    | 0.03%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424QF5<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |    915000 | PA      | $977873.22    | 0.23%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541ZL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $224921.68    | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417013Z7<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |     95000 | PA      | $101388.34    | 0.02%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST SPL OBLG                                             | CUSIP: 67759HJM7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264076.75    | 0.06%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133406Q6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    540000 | PA      | $566305.45    | 0.13%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558LP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $274256.96    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ADJ3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157698.87    | 0.04%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NNK8<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    240000 | PA      | $249062.90    | 0.06%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AJP1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    270000 | PA      | $285184.96    | 0.07%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CEU3<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    950000 | PA      | $998774.05    | 0.24%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MEB7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    135000 | PA      | $141097.86    | 0.03%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KHL6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577477.55   | 0.37%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                             | RICHMOND VA                                                  | CUSIP: 76541VQA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131957.16    | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039VK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106125.06    | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841HX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93076.68     | 0.02%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349CQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69058.12     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Campbell Union High School District                                             | CAMPBELL CA UNION HIGH SCH DIST                              | CUSIP: 134159YC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107059.52    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $192997.60    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FUJ1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    365000 | PA      | $385414.96    | 0.09%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund         | RHODE ISLAND ST INFRASTRUCTURE BANK WTR POLL CONTROL REVENUE | CUSIP: 76221UEF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144820.79    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445HA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $180549.74    | 0.04%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ANG8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    450000 | PA      | $473096.61    | 0.11%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039WN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $233320.54    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782EM7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    335000 | PA      | $356402.65    | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pierce WA                                                             | PIERCE CNTY WA                                               | CUSIP: 720356D35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $159871.62    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038BJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $122669.85    | 0.03%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430SG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266766.83    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000UB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268928.00    | 0.06%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Essex NJ                                                              | ESSEX CNTY NJ                                                | CUSIP: 296804C47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $181401.44    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                   | TEXAS ST TECH CLG SYS                                        | CUSIP: 882761BE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104646.22    | 0.02%             | 2025-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Klein Independent School District                                               | KLEIN TX INDEP SCH DIST                                      | CUSIP: 498531FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42662.58     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MGD1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    135000 | PA      | $143100.96    | 0.03%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Keller Independent School District/TX                                           | KELLER TX INDEP SCH DIST                                     | CUSIP: 487694NZ0<br>LEI: 549300BS0JDJPR8KUN68 | Long             | DBT              | MUN               | US        |    145000 | PA      | $152770.13    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Bay Area Rapid Transit District                                   | SAN FRANCISCO CA BAY AREA RAPID TRANSIT DIST                 | CUSIP: 797661XN0<br>LEI: 549300Y3C3QUMLE3FY58 | Long             | DBT              | MUN               | US        |    290000 | PA      | $310399.38    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                             | HAWAII CNTY HI                                               | CUSIP: 419722Q71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $588221.59    | 0.14%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854WH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101762.81    | 0.02%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                          | CLARK CNTY NV ARPT REVENUE                                   | CUSIP: 18085PRG1<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159583.28    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HFG6<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160240.67    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSP1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    355000 | PA      | $376784.75    | 0.09%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848R47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37555.81     | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carmel Unified School District                                                  | CARMEL CA UNIF SCH DIST                                      | CUSIP: 143231EZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104638.45    | 0.02%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Coast Community College District                                                | COAST CA CMNTY CLG DIST                                      | CUSIP: 190335HM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53479.29     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue      | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HCK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $288267.57    | 0.07%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DDG7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212952.04    | 0.05%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758TX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208176.23    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841RL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $165690.23    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N3Y7<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74996.81     | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Anchorage AK Water Revenue                                              | ANCHORAGE AK WTR REVENUE                                     | CUSIP: 033285UK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $153635.46    | 0.04%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051A97<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117460.42    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152Q46<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2025833.43   | 0.48%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BK29<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    130000 | PA      | $136784.49    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051A71<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26620.17     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $246540.82    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MRR2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    470000 | PA      | $501876.34    | 0.12%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CUT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $364345.97    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 6582564E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $590296.61    | 0.14%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe Public School District                                                 | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088LY8<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90487.27     | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MEU9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    210000 | PA      | $224242.62    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WD92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106291.77    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                   | DELAWARE RIVER PORT AUTH PA & NJ                             | CUSIP: 246352HK7<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |    260000 | PA      | $272699.02    | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                          | ARLINGTON CNTY VA                                            | CUSIP: 041431QZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80230.25     | 0.02%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430MJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208078.12    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONALFIN AUTH BLDG AID REVENUE       | CUSIP: 64972H7M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196732.46    | 0.05%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GWW0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    415000 | PA      | $432540.31    | 0.10%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438670V65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $262757.04    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039VD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    795000 | PA      | $843135.58    | 0.20%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RHU3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    180000 | PA      | $191850.05    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PS74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128214.55    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CP90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $979448.01    | 0.23%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QJQ0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    147000 | PA      | $156383.38    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523AM4<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    560000 | PA      | $597980.32    | 0.14%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000RR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $277732.60    | 0.07%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District                                              | PALOMAR CA CMNTY CLG DIST                                    | CUSIP: 697511BK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $303853.94    | 0.07%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 658256W99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $111677.74    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QEL6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90425.76     | 0.02%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PB84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21418.12     | 0.01%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FQE1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212860.56    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Seminole FL Sales Tax Revenue                                         | SEMINOLE CNTY FL SALES TAX REVENUE                           | CUSIP: 816691EU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86377.74     | 0.02%             | 2025-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882724FE2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    235000 | PA      | $250583.58    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tyler Independent School District                                               | TYLER TX INDEP SCH DIST                                      | CUSIP: 902273WW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $273348.43    | 0.06%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290AQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $351323.74    | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Lower Merion PA                                                     | LOWER MERION TWP PA                                          | CUSIP: 548254CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52612.03     | 0.01%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RWF9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    235000 | PA      | $247110.42    | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                               | PURDUE UNIV IN UNIV REVENUES                                 | CUSIP: 746189JY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $203294.66    | 0.05%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647DV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37363.87     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579HC4<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |    640000 | PA      | $681822.02    | 0.16%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112NN2<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    280000 | PA      | $298229.04    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001GA4<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    465000 | PA      | $489684.90    | 0.12%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                  | NEBRASKA ST PUBLIC PWR DIST REVENUE                          | CUSIP: 63968AN84<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    335000 | PA      | $350784.20    | 0.08%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000PD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148706.63    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $812555.49    | 0.19%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308J87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526748.60    | 0.12%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO FIN AUTH REVENUE                                  | CUSIP: 64711PCK4<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    200000 | PA      | $212437.72    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EWL6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    310000 | PA      | $330408.42    | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EJG4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    870000 | PA      | $901105.72    | 0.21%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 512 Shawnee Mission                   | JOHNSON CNTY KS UNIF SCH DIST#512 SHAWNEE MISSION            | CUSIP: 478740RY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $857767.12    | 0.20%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DPF6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2347933.77   | 0.55%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ogden City School District                                                      | OGDEN CITY UT SCH DIST                                       | CUSIP: 676295EN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149032.98    | 0.04%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of McKinney TX Waterworks & Sewer System Revenue                           | MCKINNEY TX WTRWKS & SWR REVENUE                             | CUSIP: 581714VP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15810.09     | 0.00%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DEG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $469059.41    | 0.11%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GV93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117130.96    | 0.03%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558JE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $344165.60    | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDK9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    170000 | PA      | $180450.73    | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 6775222C7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155866.79    | 0.04%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098Z83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $186308.05    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848WT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $244033.75    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DWH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269365.65    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Chesterfield VA Water & Sewer Revenue                                 | CHESTERFIELD CNTY VA WTR & SWR REVENUE                       | CUSIP: 166409GE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $215159.02    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541YL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $611255.68    | 0.14%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HDL7<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    350000 | PA      | $373000.32    | 0.09%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DSG4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    215000 | PA      | $229690.00    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MMJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $435597.37    | 0.10%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971W7M6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $247241.40    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182RW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $177330.99    | 0.04%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CCF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $247059.47    | 0.06%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Hawaii                                                            | UNIV OF HAWAII HI REVENUE                                    | CUSIP: 91428LJM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96233.20     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AHG3<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    265000 | PA      | $283412.41    | 0.07%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Worth Independent School District                                          | FORT WORTH TX INDEP SCH DIST                                 | CUSIP: 3494605H4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $658619.81    | 0.16%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446465N8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $752615.07    | 0.18%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                          | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308Q31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214226.92    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Rios Community College District                                             | LOS RIOS CA CMNTY CLG DIST                                   | CUSIP: 545624QC5<br>LEI: 549300POMNL5W7FEFO13 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104599.03    | 0.02%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506D5J0<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    170000 | PA      | $179229.47    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Narragansett Bay Commission                                                     | NARRAGANSETT BAY RI COMMISSION WSTWTR SYS REVENUE            | CUSIP: 631060BZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $421154.04    | 0.10%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523AH5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160173.30    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845NG1<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    295000 | PA      | $316380.92    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742WN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196288.02    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BYW1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    140000 | PA      | $148527.75    | 0.04%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $285439.82    | 0.07%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106819.44    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Sumner TN                                                             | SUMNER CNTY TN                                               | CUSIP: 866407P78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161577.41    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464152V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101478.47    | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641462AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $275543.06    | 0.07%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522KU7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     80000 | PA      | $84836.78     | 0.02%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FSP4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    180000 | PA      | $191574.50    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854T69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53315.66     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                           | RHODE ISLAND ST & PROVIDENCE PLANTATIONS                     | CUSIP: 76222RZU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $494184.09    | 0.12%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District Nebraska City Station Unit 2                        | OMAHA NE PUBLIC PWR DIST SEPARATE ELEC REVENUE               | CUSIP: 682004DT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157392.17    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HXS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $443041.72    | 0.10%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Rios Community College District                                             | LOS RIOS CA CMNTY CLG DIST                                   | CUSIP: 545624PD4<br>LEI: 549300POMNL5W7FEFO13 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106958.57    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CT91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1469132.24   | 0.35%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385HH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266458.40    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fort Bend TX                                                          | FORT BEND CNTY TX                                            | CUSIP: 346766RN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115869.39    | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AMG9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    135000 | PA      | $141928.98    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Castle DE                                                         | NEW CASTLE CNTY DE                                           | CUSIP: 64327TDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2423192.11   | 0.57%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DJA4<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    300000 | PA      | $319428.06    | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792RA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $386820.07    | 0.09%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 410 Snoqualmie Valley                            | KING CNTY WA SCH DIST #410 SNOQUALMIE                        | CUSIP: 495206QA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $355375.98    | 0.08%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA Public Utility Revenue                                      | RICHMOND VA PUBLIC UTILITY REVENUE                           | CUSIP: 765433KC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $247368.83    | 0.06%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DXP8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122857.44    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DUD8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213166.72    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WA46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148808.48    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HN85<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42942.14     | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355WZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $302601.12    | 0.07%             | 2025-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268DW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $174079.88    | 0.04%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                    | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DSV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $322672.95    | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR                                                             | PORTLAND OR REVENUE                                          | CUSIP: 736740TB7<br>LEI: 254900RPNQMJF9NBMF52 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79785.37     | 0.02%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County School District                                                    | HENRY CNTY GA SCH DIST                                       | CUSIP: 426362ND7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130363.30    | 0.03%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CRQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20747.24     | 0.00%             | 2025-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602REG6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    215000 | PA      | $230585.07    | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025WS2<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    180000 | PA      | $190557.18    | 0.04%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068L4G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $215492.52    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500356J2<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110961.28    | 0.03%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647GV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214226.92    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240PC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74659.51     | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RPX8<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |    245000 | PA      | $260890.82    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UCX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422880.32    | 0.10%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876DJ3<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    160000 | PA      | $170891.81    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362A8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    105000 | PA      | $110752.15    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792SE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $621725.32    | 0.15%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV HIGHWAY IMPT REVENUE                           | CUSIP: 181000PR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $505001.14    | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DGA1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    300000 | PA      | $317866.47    | 0.07%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 9401575D8<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    225000 | PA      | $242687.95    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417014N3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    305000 | PA      | $325509.94    | 0.08%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                              | SPRING TX INDEP SCH DIST                                     | CUSIP: 8500002W9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $176084.87    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $165204.21    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581HN0<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    435000 | PA      | $468450.15    | 0.11%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                               | FRISCO TX                                                    | CUSIP: 358776LM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $478545.43    | 0.11%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                      | ORANGE CNTY FL SCH BRD COPS                                  | CUSIP: 684517SB2<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53227.81     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                      | RHODE ISLAND COMMERCE CORP REVENUE                           | CUSIP: 762232AY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $200723.07    | 0.05%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066N48<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    160000 | PA      | $170923.38    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051RZ1<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10678.22     | 0.00%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500354D7<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1125464.42   | 0.27%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HJS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $485859.01    | 0.11%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EJB4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    305000 | PA      | $320917.46    | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CP66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $271477.44    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LG90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $247227.09    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                       | MARICOPA CNTY AZ HIGH SCH DIST #210 PHOENIX                  | CUSIP: 567505PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143559.39    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN FEDERAL HWY REIMBURSEMENT REVENUE  | CUSIP: 34160DAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106146.34    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                      | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269WL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $416499.29    | 0.10%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                | UNIV OF N TEXAS UNIV REVENUE                                 | CUSIP: 914729RP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264185.53    | 0.06%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 34115PAD7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    130000 | PA      | $138653.33    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 79623PFE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213413.46    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QPM6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1516307.24   | 0.36%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204H48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $337382.51    | 0.08%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                         | MAINE ST GOVTL FACS AUTH                                     | CUSIP: 56041MSX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112469.13    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137HF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133077.18    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893E31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133506.89    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 8828543W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148098.80    | 0.03%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                            | CHARLOTTE NC COPS                                            | CUSIP: 161037U61<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53902.04     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aldine Independent School District                                              | ALDINE TX INDEP SCH DIST                                     | CUSIP: 014393XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210717.42    | 0.05%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389YD4<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    130000 | PA      | $133810.92    | 0.03%             | 2025-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plano Independent School District                                               | PLANO TX INDEP SCH DIST                                      | CUSIP: 727199YY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158099.46    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST FING AUTH REVENUE            | CUSIP: 786009BZ2<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |    650000 | PA      | $691843.36    | 0.16%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville and Jefferson County Metropolitan Sewer District                     | LOUISVILLE & JEFFERSON CNTY KY MET SWR DIST SWR & DRAIN SYS  | CUSIP: 546589J60<br>LEI: 5493004O4I11L8BK0A22 | Long             | DBT              | MUN               | US        |    295000 | PA      | $312899.39    | 0.07%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224WZ8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    170000 | PA      | $179459.58    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854M41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    990000 | PA      | $1060475.63   | 0.25%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $251453.31    | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                  | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LBL7<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    270000 | PA      | $251345.03    | 0.06%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522CJ1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    175000 | PA      | $187298.02    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Mill School District No 4                                                  | YORK CNTY SC SCH DIST #4 FORT MILL                           | CUSIP: 986525YP2<br>LEI: 5493003IDG5PRDEDK149 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105523.88    | 0.02%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903VR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $326116.31    | 0.08%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AFL6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105132.58    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045NL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $431761.19    | 0.10%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RAH3<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103279.62    | 0.02%             | 2025-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112553.72    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TNV1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    570000 | PA      | $611005.91    | 0.14%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cincinnati OH Water System Revenue                                      | CINCINNATI OH WTR SYS REVENUE                                | CUSIP: 172311LG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2099759.20   | 0.50%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AFJ9<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    275000 | PA      | $294107.22    | 0.07%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University/The                                               | PENNSYLVANIA ST UNIV                                         | CUSIP: 709235RB3<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |    365000 | PA      | $391851.30    | 0.09%             | 2025-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AA74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $505693.27    | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WB52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372021.20    | 0.09%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA                                                              | NORFOLK VA                                                   | CUSIP: 655867TW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $155509.27    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $137742.14    | 0.03%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870EX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $213387.14    | 0.05%             | 2025-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Oklahoma Turnpike Authority                                                     | OKLAHOMA ST TURNPIKE AUTH                                    | CUSIP: 679111YE8<br>LEI: 549300J83EP2PBDYH615 | Long             | DBT              | MUN               | US        |    210000 | PA      | $219975.02    | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FUY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $245029.79    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000QQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $136689.22    | 0.03%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                               | NEW YORK ST                                                  | CUSIP: 649791KN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52881.39     | 0.01%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                       | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155GV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $330557.06    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723K99<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    195000 | PA      | $207931.05    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GPV1<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    875000 | PA      | $939594.95    | 0.22%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PNA7<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    210000 | PA      | $222648.11    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RYR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214493.92    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DGD1<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159714.03    | 0.04%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204J87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $100808.21    | 0.02%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlottesville VA                                                      | CHARLOTTESVILLE VA                                           | CUSIP: 161069M63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130192.15    | 0.03%             | 2025-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893ZZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $639469.74    | 0.15%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381NY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $177136.34    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522A87<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    165000 | PA      | $176595.28    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542690NY4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    200000 | PA      | $188814.14    | 0.04%             | 2025-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DB56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64802.75     | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174WE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $365332.98    | 0.09%             | 2025-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                | KATY TX INDEP SCH DIST                                       | CUSIP: 486063RX0<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |     75000 | PA      | $79065.08     | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 6499077C0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    255000 | PA      | $274305.92    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WZP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $210273.73    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098T98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47907.78     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CJZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $357251.44    | 0.08%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DE46<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157842.51    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                             | MASSACHUSETTS ST WTR POLL ABATEMENT TRUST                    | CUSIP: 57605AFK7<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1624620.69   | 0.38%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 414005XG8<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    145000 | PA      | $155431.33    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                   | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PYE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $722722.61    | 0.17%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                          | UNIV OF MICHIGAN MI                                          | CUSIP: 914455SJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $486601.85    | 0.11%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818NCU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193693.10    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381KA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $248227.09    | 0.06%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183K48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $181358.69    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AZJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372176.88    | 0.09%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WNQ1<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    330000 | PA      | $357078.28    | 0.08%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System Revenue                     | TARRANT TX REGL WTR DIST WTR REVENUE                         | CUSIP: 876443LG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $242560.62    | 0.06%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasadena Area Community College District                                        | PASADENA CA AREA CMNTY CLG DIST                              | CUSIP: 702185EZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32087.57     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677523AG7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5336.59      | 0.00%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Virginia                                                        | VIRGINIA ST                                                  | CUSIP: 928109U62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $356226.44    | 0.08%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth NC                                                            | FORSYTH CNTY NC                                              | CUSIP: 346623DW8<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |    200000 | PA      | $215722.62    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DQ81<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158143.65    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton TN                                                           | HAMILTON CNTY TN                                             | CUSIP: 4073246K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158805.24    | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389YK8<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    155000 | PA      | $162545.69    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Transportation Infrastructure Bank                               | SOUTH CAROLINA ST TRANSPRTN INFRASTRUCTURE BANK REVENUE      | CUSIP: 837152VW4<br>LEI: 549300YI1NMCP4VLJN43 | Long             | DBT              | MUN               | US        |    455000 | PA      | $487732.79    | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Foundation/The                             | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726DM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $283121.37    | 0.07%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KFS3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    170000 | PA      | $179759.00    | 0.04%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JZC9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107417.16    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701YT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $636732.78    | 0.15%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CV85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $356646.83    | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270CK46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $223569.65    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152A27<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    155000 | PA      | $161002.58    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492VV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $216989.16    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DDP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $401189.25    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No 1                                      | NORTH CAROLINA ST MUNI PWR AGY #1 CATAWBA ELEC REVENUE       | CUSIP: 658203X82<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    580000 | PA      | $607772.37    | 0.14%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HGT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $352381.26    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 3411504N7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159984.62    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeSoto Independent School District                                              | DESOTO TX INDEP SCH DIST                                     | CUSIP: 241722FN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $186993.46    | 0.04%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308C68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526998.20    | 0.12%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522QP2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    325000 | PA      | $344502.31    | 0.08%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XPU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143131.51    | 0.03%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137BE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117107.91    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701B37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $185883.29    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APR2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    470000 | PA      | $494123.13    | 0.12%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG PRINCE WM               | CUSIP: 92817TGE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53403.69     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Water System Revenue                       | N TEXAS ST MUNI WTR DIST WTR SYS REVENUE                     | CUSIP: 662903PQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $443732.03    | 0.10%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QGK0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    670000 | PA      | $715440.74    | 0.17%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521522H3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105111.14    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima AZ                                                               | PIMA CNTY AZ                                                 | CUSIP: 721663ZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135231.08    | 0.03%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST SPL OBLG                                             | CUSIP: 67759HHV9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    145000 | PA      | $155943.05    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii State Highway Fund                                              | HAWAII ST HIGHWAY REVENUE                                    | CUSIP: 41981CNP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $346625.14    | 0.08%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723VP1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1162181.04   | 0.27%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 79623PJQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208078.12    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth NC                                                            | FORSYTH CNTY NC                                              | CUSIP: 346623GU9<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |    185000 | PA      | $195412.82    | 0.05%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC                                                 | CUSIP: 930864AG8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    425000 | PA      | $448921.34    | 0.11%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Union High School District                                              | SEQUOIA CA UNION HIGH SCH DIST                               | CUSIP: 817409F59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $544693.77    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TN                                                         | MONTGOMERY CNTY TN                                           | CUSIP: 61366ABL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $485901.22    | 0.11%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Sanitation Districts Financing Authority                      | SACRAMENTO CNTY CA SANTN DISTS FING AUTH REVENUE             | CUSIP: 786134WN2<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |    200000 | PA      | $216238.72    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990C7Z8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     85000 | PA      | $90575.17     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan                                                               | MICHIGAN ST                                                  | CUSIP: 594612DG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    885000 | PA      | $933736.51    | 0.22%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH DIST                                  | CUSIP: 59333RHL1<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    195000 | PA      | $205365.42    | 0.05%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                        | MECKLENBURG CNTY NC                                          | CUSIP: 584002RA9<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10854.45     | 0.00%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Vancouver WA                                                            | VANCOUVER WA                                                 | CUSIP: 921594Q59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $204610.41    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1 Portland/OR                               | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                      | CUSIP: 625517JU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265831.93    | 0.06%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                            | VIRGINIA BEACH VA DEV AUTH FAC REVENUE                       | CUSIP: 92774GMK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $174541.97    | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973552B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $250929.01    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA Storm Water Utility Revenue                           | VIRGINIA BEACH VA STORM WTR UTILITY REVENUE                  | CUSIP: 927747ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $414638.72    | 0.10%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769DJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158038.07    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QLZ1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    205000 | PA      | $218903.51    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DHJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $230015.17    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Sanitation Districts Financing Authority                     | LOS ANGELES CNTY CA SANTN DISTS FING AUTH                    | CUSIP: 545149JZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $331220.93    | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Foster City Public Financing Authority                                | SAN MATEO FOSTER CITY CA PUBLIC FING AUTH WSTWTR REVENUE     | CUSIP: 79905VBB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1139914.98   | 0.27%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609TD39<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    410000 | PA      | $434974.13    | 0.10%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066JD3<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    460000 | PA      | $491404.71    | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix AZ                                                              | PHOENIX AZ                                                   | CUSIP: 718814Q33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $537386.36    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224L31<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    110000 | PA      | $118301.62    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MFW0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    285000 | PA      | $302360.06    | 0.07%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VWM2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161234.84    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FWP9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    430000 | PA      | $457650.20    | 0.11%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birdville Independent School District                                           | BIRDVILLE TX INDEP SCH DIST                                  | CUSIP: 090874JY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $179109.81    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507R86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $435895.72    | 0.10%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733843L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $867479.26    | 0.20%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224PT0<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    365000 | PA      | $392546.29    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WZJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $499571.32    | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                              | ATLANTA GA                                                   | CUSIP: 047772H43<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269510.18    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Killeen Independent School District                                             | KILLEEN TX INDEP SCH DIST                                    | CUSIP: 494152UL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105358.71    | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183ZD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320044.74    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                 | LOUISIANA ST GAS & FUELS TAX REVENUE                         | CUSIP: 546475RV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $418345.61    | 0.10%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Denton TX                                                             | DENTON CNTY TX                                               | CUSIP: 2487756G8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $195969.91    | 0.05%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281723H6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $176356.85    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BSJ1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    210000 | PA      | $222259.51    | 0.05%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CZS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $643415.58    | 0.15%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701R30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $553601.05    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC                                                 | CUSIP: 9308636W0<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    530000 | PA      | $559831.32    | 0.13%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 447025E45<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |    115000 | PA      | $123397.65    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HBH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117460.42    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HLZ7<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    155000 | PA      | $166400.81    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                            | SAN DIEGO CA CMNTY CLG DIST                                  | CUSIP: 797272PR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $299766.66    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                              | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002GS9<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    140000 | PA      | $149476.81    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039YJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2147609.50   | 0.51%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990APU3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    440000 | PA      | $464745.86    | 0.11%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Infrastructure Bank                                                  | NEW JERSEY ENVRNMNTL INFRASTRUCTURE TRUST                    | CUSIP: 645791F41<br>LEI: 5493006ZE03IRA2BET07 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117873.46    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Collin TX                                                             | COLLIN CNTY TX                                               | CUSIP: 194740MR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $200259.32    | 0.05%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County Public Utility District No 1                                       | CLARK CNTY WA PUBLIC UTILITY DIST #1 WTR REVENUE             | CUSIP: 181126LP6<br>LEI: 549300YCT5BMOWZSMQ97 | Long             | DBT              | MUN               | US        |     90000 | PA      | $94430.38     | 0.02%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                               | COLORADO ST BLDG EXCELLENT SCHS TODAY COPS                   | CUSIP: 19668QJN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26323.59     | 0.01%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974D7F9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    750000 | PA      | $797521.88    | 0.19%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County School District                                                    | HENRY CNTY GA SCH DIST                                       | CUSIP: 426362MH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $320195.64    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GZE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $473642.29    | 0.11%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MBJ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104226.61    | 0.02%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County Water & Sewerage Authority                                      | GWINNETT CNTY GA WTR & SEWERAGE AUTH                         | CUSIP: 403760KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $315230.36    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MD97<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1484272.58   | 0.35%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                                         | CHARLESTON CNTY SC                                           | CUSIP: 160069WZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $252877.11    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 546415X62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42364.11     | 0.01%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                                 | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CGQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $374355.00    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Johnson KS                                                            | JOHNSON CNTY KS                                              | CUSIP: 47844PKL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $219192.93    | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792XH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157701.17    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 208418Y80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $31613.75     | 0.01%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA Electric System Revenue                                       | TACOMA WA ELEC SYS REVENUE                                   | CUSIP: 873519PB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115436.02    | 0.03%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                | WASHINGTON DC MET AREA TRANSIT AUTH DEDICATED REVENUE        | CUSIP: 93878YAY5<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    225000 | PA      | $239629.91    | 0.06%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EXP8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    455000 | PA      | $484069.27    | 0.11%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852YF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $200654.46    | 0.05%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446463B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $272222.47    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MP58<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    450000 | PA      | $473860.58    | 0.11%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kitsap County School District No 401 Central Kitsap                             | KITSAP CNTY WA SCH DIST #401 CENTRAL KITSAP                  | CUSIP: 498098QX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $150765.57    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvin Independent School District/TX                                            | ALVIN TX INDEP SCH DIST                                      | CUSIP: 022447D45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52658.91     | 0.01%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware County Authority                                                       | DELAWARE CNTY PA AUTH                                        | CUSIP: 246008PA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64169.91     | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052476T57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112994.61    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 414005UW6<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    425000 | PA      | $455574.59    | 0.11%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GG66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149075.77    | 0.04%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan St Louis Sewer District                                            | MET SAINT LOUIS MO SWR DIST WSTWTR SYS REVENUE               | CUSIP: 592481GP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116625.67    | 0.03%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH DIST                                  | CUSIP: 59333RFL3<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    160000 | PA      | $168504.96    | 0.04%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton School District/WI                                                     | HAMILTON WI SCH DIST                                         | CUSIP: 408172GL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $190409.42    | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183XA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78199.39     | 0.02%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire State Turnpike System                                             | NEW HAMPSHIRE ST TURNPIKE SYS                                | CUSIP: 644693NA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $167589.30    | 0.04%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582PAF7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    415000 | PA      | $446969.94    | 0.11%             | 2025-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FE67<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131735.33    | 0.03%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EHW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107357.67    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QME3<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    155000 | PA      | $164894.04    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1 Portland/OR                               | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                      | CUSIP: 625517EP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143549.24    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                        | ARLINGTON TX INDEP SCH DIST                                  | CUSIP: 041826Y69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105399.64    | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PD90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $881538.74    | 0.21%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                               | NEW YORK ST                                                  | CUSIP: 649791MX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79141.89     | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD COPS                                      | CUSIP: 61334EDC9<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105848.37    | 0.02%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County School District                                                 | GWINNETT CNTY GA SCH DIST                                    | CUSIP: 403755Y39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $352630.58    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CWZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $177843.05    | 0.04%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446466E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $608497.29    | 0.14%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority/The                                       | MONMOUTH CNTY NJ IMPT AUTH REVENUE                           | CUSIP: 60956PQD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105563.52    | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma City Water Utilities Trust                                             | OKLAHOMA CITY OK WTR UTILITIES TRUST WTR & SWR REVENUE       | CUSIP: 678657MK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $409971.29    | 0.10%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                                 | SAN DIEGO CA PUBLIC FACS FING AUTH WTR REVENUE               | CUSIP: 79730CJX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106958.57    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RPG5<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |    175000 | PA      | $186350.59    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PZQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $388900.01    | 0.09%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553ZW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161534.54    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TPN5<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    290000 | PA      | $305839.89    | 0.07%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manhattan Beach Unified School District                                         | MANHATTAN BEACH CA UNIF SCH DIST                             | CUSIP: 562785GN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $178465.48    | 0.04%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CSD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68726.68     | 0.02%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                          | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707XA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25032.03     | 0.01%             | 2025-03-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631QU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $802120.35    | 0.19%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157K66<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122313.71    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XMT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91371.82     | 0.02%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCJ0<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    415000 | PA      | $436306.56    | 0.10%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153DE6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    800000 | PA      | $832347.52    | 0.20%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WB74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $363314.60    | 0.09%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507S93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $223263.66    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034ARY8<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107651.93    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Forsyth NC                                                            | FORSYTH CNTY NC                                              | CUSIP: 346623BZ3<br>LEI: 549300QZDXNB40E8SI64 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74625.39     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AAJ6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    230000 | PA      | $241804.93    | 0.06%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Facilities Corp                                                    | OMAHA NE PUBLIC FACS CORP LEASE REVENUE                      | CUSIP: 681785GK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53062.53     | 0.01%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charles MD                                                            | CHARLES CNTY MD                                              | CUSIP: 159808HM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91252.06     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                      | RHODE ISLAND COMMERCE CORP REVENUE                           | CUSIP: 762232AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $471274.71    | 0.11%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632WD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $457120.01    | 0.11%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EBD7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    190000 | PA      | $202038.88    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                         | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 882117Q80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84292.60     | 0.02%             | 2025-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854G48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $648068.44    | 0.15%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                   | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BCQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522984.40    | 0.12%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                                | SAN JOSE CA UNIF SCH DIST SANTA CLARA CNTY                   | CUSIP: 798186VJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $160040.01    | 0.04%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VCR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158023.11    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 414005WE4<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    370000 | PA      | $394762.55    | 0.09%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EDL4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    240000 | PA      | $253029.84    | 0.06%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County School District No 4 Lake Stevens                              | SNOHOMISH CNTY WA SCH DIST #4LAKE STEVENS                    | CUSIP: 833124QF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $75382.78     | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GTY0<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    320000 | PA      | $340876.26    | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464153R9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $331140.26    | 0.08%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1175384.98   | 0.28%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hampton Roads Sanitation District                                               | HAMPTON ROADS VA SANTN DIST WSTWTR REVENUE                   | CUSIP: 409327HU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $109505.17    | 0.03%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                          | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 9151156T1<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    230000 | PA      | $244750.22    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RHX6<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535823.65    | 0.13%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX WTR & SWR SYS REVENUE                             | CUSIP: 4424366A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $18521.03     | 0.00%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465PS74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106973.67    | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914FXC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133572.19    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204Q97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96619.82     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845LB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196504.89    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Clean Water Fund - State Revolving Fund                    | CONNECTICUT ST REVOLVING FUNDGEN REVENUE                     | CUSIP: 20775YEJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $126394.39    | 0.03%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 8827234H9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    235000 | PA      | $248334.35    | 0.06%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EUS3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     95000 | PA      | $99966.92     | 0.02%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914FZ37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $237664.24    | 0.06%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $307922.21    | 0.07%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WGE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $801730.35    | 0.19%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HEC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $298990.16    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST COPS                                           | CUSIP: 939720F78<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261875.03    | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Whittier Union High School District                                             | WHITTIER CA UNION HIGH SCH DIST                              | CUSIP: 966782SH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $271733.22    | 0.06%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DLA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $408020.07    | 0.10%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JY97<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    335000 | PA      | $355018.33    | 0.08%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                     | FOOTHILL-DE ANZA CA CMNTY CLG DIST                           | CUSIP: 345102DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $150663.06    | 0.04%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WDB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $470348.47    | 0.11%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FYX0<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    650000 | PA      | $685419.87    | 0.16%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MLL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $239374.91    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HB70<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    150000 | PA      | $161033.04    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 8126263X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $622067.06    | 0.15%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 658256Z47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1616668.20   | 0.38%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount San Antonio Community College District                                    | MOUNT SAN ANTONIO CA CMNTY CLG DIST                          | CUSIP: 623040FP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $292197.94    | 0.07%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FTK4<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    315000 | PA      | $335255.38    | 0.08%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LL48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $456489.14    | 0.11%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin Environmental Improvement Fund Revenue                       | WISCONSIN ST ENVRNMNTL IMPT FUND REVENUE                     | CUSIP: 97709TBR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $988490.30    | 0.23%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Imperial Irrigation District Electric System Revenue                            | IMPERIAL CA IRR DIST ELEC REVENUE                            | CUSIP: 452650KU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134300.99    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051TG1<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |    300000 | PA      | $320346.60    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QCU8<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    140000 | PA      | $148936.55    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974D3D8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    385000 | PA      | $405129.11    | 0.10%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FE4<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    475000 | PA      | $505347.04    | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GLH3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266945.75    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068XEL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $281502.16    | 0.07%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Water Commissioners City & County of Denver/The                        | DENVER CITY & CNTY CO BRD OF WTR COMMNRS MASTER RESOLUTION   | CUSIP: 24916TDT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $88919.54     | 0.02%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                        | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341KN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $396604.61    | 0.09%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792CN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $407337.28    | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lone Star College System                                                        | LONE STAR TX CLG SYS                                         | CUSIP: 542264FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $321219.32    | 0.08%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $162511.10    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HVV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $298919.71    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tucson AZ Water System Revenue                                          | TUCSON AZ WTR REVENUE                                        | CUSIP: 898797ED3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1187048.40   | 0.28%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Independent School District/TX                                        | ARLINGTON TX INDEP SCH DIST                                  | CUSIP: 041826R75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73779.75     | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553YV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122151.69    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BSJ7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    425000 | PA      | $450887.81    | 0.11%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kitsap WA                                                             | KITSAP CNTY WA                                               | CUSIP: 4980352X1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148706.40    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701J96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $255508.18    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | UNIV OF MASSACHUSETTS MA BLDGAUTH PROJ REVENUE               | CUSIP: 914440PZ9<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |    105000 | PA      | $112812.83    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210075.84    | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DW53<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    285000 | PA      | $304472.80    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HS64<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    125000 | PA      | $134194.20    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX      | CUSIP: 15504RFV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $800433.89    | 0.19%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $614153.68    | 0.14%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643PQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $347585.49    | 0.08%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LKJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1516415.31   | 0.36%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                       | TRI-CNTY OR MET TRANSPRTN DIST                               | CUSIP: 89546RNK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214002.82    | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority                        | LOS ANGELES CNTY CA MET TRANSPRTN AUTH                       | CUSIP: 54471RDY0<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    235000 | PA      | $251101.07    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157S92<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    485000 | PA      | $504548.56    | 0.12%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Mecklenburg NC                                                        | MECKLENBURG CNTY NC                                          | CUSIP: 584002WU9<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |    110000 | PA      | $116191.41    | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646139ZA6<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    800000 | PA      | $846976.88    | 0.20%             | 2025-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492QR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47022.11     | 0.01%             | 2025-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                                         | CHARLESTON CNTY SC                                           | CUSIP: 160069YL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107607.28    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia State School Building Authority Lottery Revenue                   | WEST VIRGINIA ST SCH BLDG AUTH EXCESS LOTTERY REVENUE        | CUSIP: 95639DLN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $255333.24    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Occoquan Sewage Authority                                                 | UPPER OCCOQUAN VA SEWAGE AUTHREGL SEWAGE REVENUE             | CUSIP: 916277LZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2082977.00   | 0.49%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County Water Reclamation District                                         | CLARK CNTY NV WTR RECLAMATION DIST                           | CUSIP: 181070EL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    615000 | PA      | $654739.70    | 0.15%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112SH0<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    385000 | PA      | $410064.92    | 0.10%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                 | KING CNTY WA SWR REVENUE                                     | CUSIP: 495289W89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420228.64    | 0.10%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Omaha Public Power District                                                     | OMAHA NE PUBLIC PWR DIST ELEC REVENUE                        | CUSIP: 682001EW8<br>LEI: 54930000VJEJ9CGIYG32 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157962.87    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172Q65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267207.35    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue      | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $220686.46    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                             | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688KQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265831.93    | 0.06%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966LP88<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    115000 | PA      | $122232.67    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                        | OKLAHOMA CITY OK                                             | CUSIP: 678519TA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79048.84     | 0.02%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157P38<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    315000 | PA      | $335399.46    | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CALIFORNIA ST PUBLIC PWR AUTH                          | CUSIP: 842475L45<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160240.67    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lone Star College System                                                        | LONE STAR TX CLG SYS                                         | CUSIP: 542264FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $600311.52    | 0.14%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367P0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210437.68    | 0.05%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                | PLANO TX                                                     | CUSIP: 727177TV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101478.47    | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581FU6<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    625000 | PA      | $669962.63    | 0.16%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alvin Independent School District/TX                                            | ALVIN TX INDEP SCH DIST                                      | CUSIP: 022447Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $189572.06    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DG74<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    335000 | PA      | $353187.49    | 0.08%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FE83<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    220000 | PA      | $232304.91    | 0.05%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MEL5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2205379.96   | 0.52%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381MH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105388.91    | 0.02%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa Bay Water                                                                 | TAMPA BAY FL WTR REGL WTR SPLY AUTH UTILITY SYS REVENUE      | CUSIP: 875124GZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96136.84     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DGM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80872.31     | 0.02%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WH90<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    240000 | PA      | $251170.25    | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397AK2<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    355000 | PA      | $379578.00    | 0.09%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417017V2<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266519.25    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444952Z6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    125000 | PA      | $133472.88    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Tech University System                                                    | TEXAS ST TECH UNIV REVENUES                                  | CUSIP: 882806GN6<br>LEI: 549300SPM8LGJKCQO195 | Long             | DBT              | MUN               | US        |    460000 | PA      | $483991.99    | 0.11%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AC56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79846.31     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AFP5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    310000 | PA      | $327831.36    | 0.08%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HPH3<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    480000 | PA      | $515305.73    | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HUW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $635204.39    | 0.15%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Erie County Industrial Development Agency/The                                   | ERIE CNTY NY INDL DEV AGY SCHFAC REVENUE                     | CUSIP: 29509PLR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $323302.20    | 0.08%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING      | CUSIP: 64986A6Q9<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104132.30    | 0.02%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                          | OKLAHOMA ST CAPITOL IMPT AUTH ST FACS REVENUE                | CUSIP: 679088CF9<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |    110000 | PA      | $114137.07    | 0.03%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QCU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $291750.94    | 0.07%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 591745B52<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107070.35    | 0.03%             | 2025-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TNE7<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    375000 | PA      | $377323.43    | 0.09%             | 2025-07-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KYF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $244526.87    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990CUY5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    170000 | PA      | $180737.25    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604TEK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $254925.26    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168FE9<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |    400000 | PA      | $424594.00    | 0.10%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C4M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $823775.26    | 0.19%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522XL3<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     40000 | PA      | $42252.28     | 0.01%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CGH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $322251.48    | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Water District                                                    | ORANGE CNTY CA WTR DIST REVENUE                              | CUSIP: 68442CCG9<br>LEI: 549300KBQTX6CMJ3U708 | Long             | DBT              | MUN               | US        |    220000 | PA      | $235793.05    | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792VZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $194498.10    | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WZV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201954.36    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LS66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1194808.24   | 0.28%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                    | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DTP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107557.65    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Hanover NC                                                        | NEW HANOVER CNTY NC                                          | CUSIP: 6448004B7<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106857.75    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AQQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116775.63    | 0.03%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RNX0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    635000 | PA      | $676804.34    | 0.16%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MCW3<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    480000 | PA      | $509238.00    | 0.12%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MJJ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    805000 | PA      | $859596.71    | 0.20%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                              | BEXAR CNTY TX                                                | CUSIP: 088281VR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $127542.08    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Loudoun VA                                                            | LOUDOUN CNTY VA                                              | CUSIP: 54589THJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079472.40   | 0.25%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DQE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $1058776.89   | 0.25%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848XR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $290376.71    | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793D30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $732819.54    | 0.17%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532GA6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     75000 | PA      | $80083.73     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of South Carolina                                                         | SOUTH CAROLINA ST                                            | CUSIP: 83710RKF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132337.70    | 0.03%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plano TX                                                                | PLANO TX                                                     | CUSIP: 727177QA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240343.74    | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                             | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $428768.82    | 0.10%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Transportation Commission                             | SAN DIEGO CNTY CA REGL TRANSPRTN COMMISSION SALES TAX REV    | CUSIP: 797400KJ6<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |    255000 | PA      | $270525.55    | 0.06%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Hawaii                                                            | UNIV OF HAWAII HI REVENUE                                    | CUSIP: 91428LHC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122964.65    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CDK6<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52567.06     | 0.01%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LTY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117125.06    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                      | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269ZH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117474.16    | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Hampshire                                                          | NEW HAMPSHIRE ST                                             | CUSIP: 6446826W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $582296.47    | 0.14%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH REVENUE                               | CUSIP: 64711NXE0<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    210000 | PA      | $223298.82    | 0.05%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newport News VA Water Revenue                                           | NEWPORT NEWS VA WTR REVENUE                                  | CUSIP: 652282CZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1536833.81   | 0.36%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 405 Bellevue                                     | KING CNTY WA SCH DIST #405 BELLEVUE                          | CUSIP: 495098A62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118458.66    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GNV3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    180000 | PA      | $190169.10    | 0.04%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue        | INDIANAPOLIS IN WTR SYS REVENUE                              | CUSIP: 455412AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213583.92    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                          | ARLINGTON CNTY VA                                            | CUSIP: 041431QF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160460.51    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PDM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $385007.62    | 0.09%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gwinnett County School District                                                 | GWINNETT CNTY GA SCH DIST                                    | CUSIP: 403755B67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $653411.24    | 0.15%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LYE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105979.24    | 0.03%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GWV2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    325000 | PA      | $346202.45    | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N7U2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    320000 | PA      | $343196.38    | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DRA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269574.38    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                                | HILLSBOROUGH CNTY FL SCH BRD COPS                            | CUSIP: 43232VTZ4<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |    185000 | PA      | $195923.36    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Guilford NC                                                           | GUILFORD CNTY NC                                             | CUSIP: 401784K44<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |    350000 | PA      | $369699.93    | 0.09%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Foundation/The                             | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $16043.79     | 0.00%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RWG7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    120000 | PA      | $127900.03    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PR91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $293825.02    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RDT0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     95000 | PA      | $101254.19    | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Orange FL Water Utility System Revenue                                | ORANGE CNTY FL WTR & WSTWTR REVENUE                          | CUSIP: 684554EY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $413007.44    | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palomar Community College District                                              | PALOMAR CA CMNTY CLG DIST                                    | CUSIP: 697511DS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $534540.70    | 0.13%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445PU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $84983.02     | 0.02%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428B70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104124.88    | 0.02%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WEF9<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2160720.65   | 0.51%             | 2043-01-01      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| State of Nevada Highway Improvement Revenue                                     | NEVADA ST HIGHWAY IMPT REVENUE                               | CUSIP: 641480HX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $877670.97    | 0.21%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522QZ0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    125000 | PA      | $134266.35    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NSK3<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    195000 | PA      | $205937.49    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412GWP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372689.42    | 0.09%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NXJ0<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    400000 | PA      | $422435.88    | 0.10%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rockwall Independent School District                                            | ROCKWALL TX INDEP SCH DIST                                   | CUSIP: 7742857A2<br>LEI: 5493008ZIVPUZPQOR621 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115804.62    | 0.03%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HEM4<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117509.82    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036ER3<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1046206.36   | 0.25%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                                   | IOWA ST SPL OBLG                                             | CUSIP: 46257TEN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $552062.84    | 0.13%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Grove School District                                                       | OAK GROVE CA SCH DIST                                        | CUSIP: 671205ZG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $23512.08     | 0.01%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| University of Vermont and State Agricultural College                            | UNIV OF VERMONT & ST AGRIC CLG VT                            | CUSIP: 915200XE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42770.31     | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | MINNEAPOLIS MN                                               | CUSIP: 60375BGE0<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157481.94    | 0.04%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GCW1<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52644.26     | 0.01%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority/The                                       | MONMOUTH CNTY NJ IMPT AUTH REVENUE                           | CUSIP: 60956PNR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52157.72     | 0.01%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QLG9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    295000 | PA      | $313830.59    | 0.07%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Community College District                                            | RIVERSIDE CA CMNTY CLG DIST                                  | CUSIP: 76886PFU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2935000 | PA      | $1681041.80   | 0.40%             | 2035-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Environmental Protection                                  | FLORIDA ST DEPT ENVRNMNTL PROT PRESERVATION REVENUE          | CUSIP: 34160WYZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    733000 | PA      | $779118.67    | 0.18%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009P23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $267895.73    | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 6473103Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $745062.08    | 0.18%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990EY43<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    175000 | PA      | $185215.61    | 0.04%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RKZ8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    425000 | PA      | $456145.91    | 0.11%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand River Dam Authority                                                       | GRAND RIVER OK DAM AUTH REVENUE                              | CUSIP: 386442WK9<br>LEI: 549300XGK5KWQHON4Q79 | Long             | DBT              | MUN               | US        |    515000 | PA      | $544857.59    | 0.13%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123Q35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $553980.39    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643UC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $205273.48    | 0.05%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WK82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103799.53    | 0.02%             | 2025-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DJZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $596569.72    | 0.14%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Falls Church VA                                                         | FALLS CHURCH VA                                              | CUSIP: 306567SC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240074.62    | 0.06%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157H94<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |     65000 | PA      | $67619.91     | 0.02%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FSB5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    260000 | PA      | $276718.73    | 0.07%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Arlington VA                                                          | ARLINGTON CNTY VA                                            | CUSIP: 041431UN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53428.88     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 5444954D3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     80000 | PA      | $85422.64     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JQ47<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    390000 | PA      | $418926.92    | 0.10%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153AD1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    510000 | PA      | $531245.53    | 0.13%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848ZU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $225334.83    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                           | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GDA8<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    555000 | PA      | $583350.01    | 0.14%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028WK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $227160.57    | 0.05%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Unified School District No 512 Shawnee Mission                   | JOHNSON CNTY KS UNIF SCH DIST#512 SHAWNEE MISSION            | CUSIP: 478740SE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $546826.54    | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVZ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105413.13    | 0.02%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo County Community College District                                     | SAN MATEO CNTY CA CMNTY CLG DIST                             | CUSIP: 799038FZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $401036.04    | 0.09%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST GEN FUND ANNUAL APPROP REVENUE                  | CUSIP: 977100GN0<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    295000 | PA      | $312368.66    | 0.07%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                | KATY TX INDEP SCH DIST                                       | CUSIP: 486063TS9<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31626.03     | 0.01%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LT62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $120243.68    | 0.03%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990BHR7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    160000 | PA      | $170144.46    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769BF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $711171.29    | 0.17%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098W60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133077.18    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                            | N TEXAS ST MUNI WTR DIST REGL WSTWTR REVENUE                 | CUSIP: 662835VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $233629.88    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                 | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845JW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148706.40    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GVV3<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    125000 | PA      | $130283.23    | 0.03%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 5288287X8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $437125.93    | 0.10%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240KL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $640391.28    | 0.15%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252NA3<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52480.53     | 0.01%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PYR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1135461.25   | 0.27%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973555B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156359.49    | 0.04%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Alaska                                                                 | ALASKA ST                                                    | CUSIP: 0117703X0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $383240.20    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AEU5<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    120000 | PA      | $128337.70    | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monroe NY                                                             | MONROE CNTY NY                                               | CUSIP: 61074PQY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53109.43     | 0.01%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BJV7<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070137.70   | 0.25%             | 2031-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Vermont Municipal Bond Bank                                                     | VERMONT ST MUNI BOND BANK                                    | CUSIP: 924214WA3<br>LEI: 54930081EMY8D1GYM846 | Long             | DBT              | MUN               | US        |    115000 | PA      | $123678.97    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Norfolk VA Water Revenue                                                | NORFOLK VA WTR REVENUE                                       | CUSIP: 656009KT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134335.65    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RNL6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    510000 | PA      | $547375.10    | 0.13%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 658256M25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $452028.94    | 0.11%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558KA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $338788.01    | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KKL2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    345000 | PA      | $358279.40    | 0.08%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193PZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $185047.49    | 0.04%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana University                                                              | INDIANA UNIV REVENUES                                        | CUSIP: 455168BY9<br>LEI: B4CW783SY7V2XEFJSQ64 | Long             | DBT              | MUN               | US        |    180000 | PA      | $191067.30    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059WV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $731560.08    | 0.17%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758XD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $257578.57    | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GNL5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    250000 | PA      | $269724.85    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193QN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $390030.79    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RNB8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    160000 | PA      | $169357.39    | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CNTY TRANSPRTN                 | CUSIP: 574203NY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139996.60    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687GH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $90951.20     | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N6Y4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    265000 | PA      | $283916.50    | 0.07%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KMN6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101592.75    | 0.02%             | 2025-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Alexandria VA                                                           | ALEXANDRIA VA                                                | CUSIP: 0153025Z1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149421.33    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686U42<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    210000 | PA      | $222235.82    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HKU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213564.40    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558PL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $290389.73    | 0.07%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 48 Scottsdale                        | MARICOPA CNTY AZ UNIF SCH DIST #48 SCOTTSDALE                | CUSIP: 567288TG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37219.10     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $374504.94    | 0.09%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WYB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $666476.81    | 0.16%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542TZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $735400.12    | 0.17%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                               | PHILADELPHIA PA AUTH FOR INDL DEV HOSP REVENUE               | CUSIP: 717901BL5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265486.98    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QKL9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    170000 | PA      | $180851.53    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792JZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $455574.59    | 0.11%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Public Facilities Authority                                           | MINNESOTA ST PUBLIC FACS AUTH REVOLVING FUND REVENUE         | CUSIP: 604115CG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $332532.05    | 0.08%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                       | UNIV OF CONNECTICUT CT                                       | CUSIP: 914233V99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $209185.51    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento City Financing Authority                                             | SACRAMENTO CA CITY FING AUTH                                 | CUSIP: 785849VA5<br>LEI: 549300D8GE38KYE3NW14 | Long             | DBT              | MUN               | US        |     25000 | PA      | $27071.54     | 0.01%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $261248.52    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Association County Commissioners of Georgia                                     | ASSN CNTY COMMISSIONERS OF GACOPS                            | CUSIP: 046078DJ7<br>LEI: 254900542AV9SZFR3550 | Long             | DBT              | MUN               | US        |    575000 | PA      | $612955.46    | 0.14%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077DFY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134787.19    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MTR0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    155000 | PA      | $165512.41    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WU24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $671851.63    | 0.16%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                             | HARRIS CNTY TX                                               | CUSIP: 414005VE5<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |    455000 | PA      | $485451.24    | 0.11%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281725D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240486.62    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bucks PA                                                              | BUCKS CNTY PA                                                | CUSIP: 118565XU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148870.75    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lone Star College System                                                        | LONE STAR TX CLG SYS                                         | CUSIP: 542264HJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42697.45     | 0.01%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990EYE1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    440000 | PA      | $465496.94    | 0.11%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | CLEVELAND OH                                                 | CUSIP: 186343L23<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |    140000 | PA      | $150565.70    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848QP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $327272.02    | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AYM6<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    310000 | PA      | $333720.98    | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                    | AMERICAN MUNI PWR-OHIO INC OH REVENUE                        | CUSIP: 02765UQA5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    390000 | PA      | $408593.80    | 0.10%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TLV1<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117590.41    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240LA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63918.52     | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677521F84<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    185000 | PA      | $198215.38    | 0.05%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pima AZ Sewer System Revenue                                          | PIMA CNTY AZ SWR REVENUE                                     | CUSIP: 721876TE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $563860.91    | 0.13%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854YC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $581816.73    | 0.14%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JRK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $321662.67    | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                            | CHARLOTTE NC COPS                                            | CUSIP: 161037M86<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53156.38     | 0.01%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465PL30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74881.57     | 0.02%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Water System Revenue                                         | SEATTLE WA WTR SYS REVENUE                                   | CUSIP: 812728TP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $360325.54    | 0.09%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528UXD8<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115393.78    | 0.03%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Dallas TX                                                             | DALLAS CNTY TX                                               | CUSIP: 234650MZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533845.75    | 0.13%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Sanitation Districts Financing Authority                      | SACRAMENTO CNTY CA SANTN DISTS FING AUTH REVENUE             | CUSIP: 786134VS2<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |    135000 | PA      | $145961.14    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                               | PURDUE UNIV IN UNIV REVENUES                                 | CUSIP: 746189XJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $462897.16    | 0.11%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 647310Z79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53218.72     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MJH9<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    325000 | PA      | $349633.41    | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846U5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1223900.92   | 0.29%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monmouth County Improvement Authority/The                                       | MONMOUTH CNTY NJ IMPT AUTH REVENUE                           | CUSIP: 60956PVP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $291457.55    | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RC80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $198406.88    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ALW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144893.41    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                       | UNIV OF CONNECTICUT CT                                       | CUSIP: 914233X48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $552596.63    | 0.13%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC                                                 | CUSIP: 930864EZ2<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    195000 | PA      | $205508.37    | 0.05%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RLD6<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |    290000 | PA      | $308809.55    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C2B0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $676032.05    | 0.16%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HLE4<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    975000 | PA      | $1039072.32   | 0.25%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Spokane WA                                                            | SPOKANE CNTY WA                                              | CUSIP: 8486443M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $177640.85    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                       | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712VR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36882.71     | 0.01%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico                                                             | NEW MEXICO ST                                                | CUSIP: 647293RT8<br>LEI: 549300H4YLM23QKOGK29 | Long             | DBT              | MUN               | US        |    350000 | PA      | $369260.36    | 0.09%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036BL9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    120000 | PA      | $126812.89    | 0.03%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PX56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $813043.14    | 0.19%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AQR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $299131.17    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AFW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $331180.94    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST COPS                                           | CUSIP: 939720TM0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    410000 | PA      | $435299.30    | 0.10%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PJ86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $367094.84    | 0.09%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH GRANT ANTICIPATION BONDS          | CUSIP: 246419BK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $358629.12    | 0.08%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WSTWTR SYS REVENUE                | CUSIP: 71883PKH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $303208.22    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LA21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $217257.44    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845QG8<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |     45000 | PA      | $48249.40     | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RWG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $309324.93    | 0.07%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Howard MD                                                             | HOWARD CNTY MD                                               | CUSIP: 44256PVR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $256736.81    | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rancho Water District Financing Authority                                       | RANCHO CA WTR DIST FING AUTH                                 | CUSIP: 752111MQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $203413.09    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642B7E7<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    175000 | PA      | $185537.80    | 0.04%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Indianapolis Department of Public Utilities Water System Revenue        | INDIANAPOLIS IN WTR SYS REVENUE                              | CUSIP: 455412BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $170867.14    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KCF4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    360000 | PA      | $382368.85    | 0.09%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AKM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107328.45    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 882854M33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $195701.99    | 0.05%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465PC30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $187203.92    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EFG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193243.81    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077C3G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131373.36    | 0.03%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clark County Public Utility District No 1                                       | CLARK CNTY WA PUBLIC UTILITY DIST #1 ELEC REVENUE            | CUSIP: 181108YJ4<br>LEI: 549300YCT5BMOWZSMQ97 | Long             | DBT              | MUN               | US        |    140000 | PA      | $146623.20    | 0.03%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Portland OR Sewer System Revenue                                        | PORTLAND OR SWR SYS REVENUE                                  | CUSIP: 736742XV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $339883.42    | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                          | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240NM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $127837.04    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157U65<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    230000 | PA      | $244627.43    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460QV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1093050.35   | 0.26%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C5U0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $823775.26    | 0.19%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YZJ1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268273.50    | 0.06%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                               | COLORADO ST BLDG EXCELLENT SCHS TODAY COPS                   | CUSIP: 19668QHY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $179000.43    | 0.04%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pierce WA                                                             | PIERCE CNTY WA                                               | CUSIP: 720356F82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213162.16    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Multnomah County School District No 1 Portland/OR                               | MULTNOMAH CNTY OR SCH DIST #1J PORTLAND                      | CUSIP: 625517KT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1068644.34   | 0.25%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                              | BEXAR CNTY TX                                                | CUSIP: 088281UU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $488911.32    | 0.12%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $354156.81    | 0.08%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227RZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207107.50    | 0.05%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TRU7<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    220000 | PA      | $234858.60    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446465M0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $146137.32    | 0.03%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852E53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $137289.89    | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PB9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    155000 | PA      | $162689.63    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813RH4<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    255000 | PA      | $270695.86    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KZY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $202000.46    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CW71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $518455.62    | 0.12%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $742486.29    | 0.18%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                            | N TX MUNI WTR DIST REGL WSTWTR SYS CONTRACT REVENUE          | CUSIP: 66283ADJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $121613.55    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059UN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201444.08    | 0.05%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QYZ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    170000 | PA      | $181529.74    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH POLL CONTROL FACS REVENUE               | CUSIP: 677660UR1<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    335000 | PA      | $356226.44    | 0.08%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AWW3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105132.58    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                | KATY TX INDEP SCH DIST                                       | CUSIP: 486063VG2<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |     35000 | PA      | $36897.04     | 0.01%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | SAN FRANCISCO CITY & CNTY CA                                 | CUSIP: 7976466T8<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    585000 | PA      | $624565.07    | 0.15%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522B60<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    315000 | PA      | $334044.81    | 0.08%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Nashua NH                                                               | NASHUA NH                                                    | CUSIP: 631298GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149984.27    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DQM3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    155000 | PA      | $165590.47    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005E46<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58920.05     | 0.01%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage AK                                                    | ANCHORAGE AK                                                 | CUSIP: 0331614G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32077.01     | 0.01%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Department of Transportation                                          | WISCONSIN ST TRANSPRTN REVENUE                               | CUSIP: 977123T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $719109.16    | 0.17%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FNY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $193995.83    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Virginia Beach VA Water & Sewer System Revenue                          | VIRGINIA BEACH VA WTR & SWR REVENUE                          | CUSIP: 927749KE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107382.28    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                                         | CHARLESTON CNTY SC                                           | CUSIP: 160069XF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69926.68     | 0.02%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990EUT2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     60000 | PA      | $63355.88     | 0.01%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Highway & Transportation Commission                                    | MISSOURI ST HIGHWAY & TRANSPRTN COMMISSION STATE ROAD REVENU | CUSIP: 60636WSH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $802186.90    | 0.19%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068L2M6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $425597.73    | 0.10%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LVD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $255545.59    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HJG2<br>LEI: 54930051IHTXE1N9RB42 | Long             | DBT              | MUN               | US        |    440000 | PA      | $469018.35    | 0.11%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hampton VA                                                              | HAMPTON VA                                                   | CUSIP: 40955PBU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $176724.17    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charleston SC Waterworks & Sewer System Revenue                         | CHARLESTON SC WTRWKS & SWR REVENUE                           | CUSIP: 160429TU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $856215.85    | 0.20%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WEU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133621.73    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                          | UNIV OF COLORADO CO ENTERPRISE REVENUE                       | CUSIP: 91417KJW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $398232.75    | 0.09%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONALFIN AUTH BLDG AID REVENUE       | CUSIP: 64972H7P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42660.15     | 0.01%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609B7K7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32049.77     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632H97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $457120.01    | 0.11%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Industrial Development Authority                                 | FAIRFAX CNTY VA INDL DEV AUTH HLTH CARE REVENUE              | CUSIP: 30382VAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $301899.59    | 0.07%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FXC7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    945000 | PA      | $1016396.07   | 0.24%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BE42<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    860000 | PA      | $888620.63    | 0.21%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sacramento County Sanitation Districts Financing Authority                      | SACRAMENTO CNTY CA SANTN DISTS FING AUTH REVENUE             | CUSIP: 786134VE3<br>LEI: 549300MSDPX3EYMUYV38 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107084.77    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZF9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    480000 | PA      | $516225.26    | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966L4J7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    240000 | PA      | $250143.86    | 0.06%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EXN3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    205000 | PA      | $215288.31    | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172L94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $400811.03    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PXU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149262.51    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                       | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |   1398770 | NS      | $1399049.36   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LXH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $302412.82    | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sacramento Municipal Utility District                                           | SACRAMENTO CA MUNI UTILITY DIST ELEC REVENUE                 | CUSIP: 786005ZF8<br>LEI: E3GSVR6ZOU1MX2V7HF33 | Long             | DBT              | MUN               | US        |    210000 | PA      | $224967.48    | 0.05%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lewisville Independent School District                                          | LEWISVILLE TX INDEP SCH DIST                                 | CUSIP: 5288287G5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $692011.32    | 0.16%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $288903.81    | 0.07%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TQW4<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |    310000 | PA      | $330937.12    | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582PBC3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    180000 | PA      | $193643.12    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461397A7<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    115000 | PA      | $120683.12    | 0.03%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii State Highway Fund                                              | HAWAII ST HIGHWAY REVENUE                                    | CUSIP: 41981CMU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $139287.95    | 0.03%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                   | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276REV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $318240.93    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385CJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143887.54    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152G62<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    320000 | PA      | $332880.13    | 0.08%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Watertown MA                                                            | WATERTOWN MA                                                 | CUSIP: 942044UM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $237125.05    | 0.06%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 4386705D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69711.05     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BV95<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    225000 | PA      | $240373.26    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224YP8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    235000 | PA      | $252735.29    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Polk IA                                                               | POLK CNTY IA                                                 | CUSIP: 731197R35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $196331.36    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581GZ4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |    300000 | PA      | $322405.56    | 0.08%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772JF31<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132766.96    | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue     | MASSACHUSETTS ST DEPT OF TRANSPRTN MET HIGHWAY SYS REVENUE   | CUSIP: 57563CDD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $478272.66    | 0.11%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2171993.76   | 0.51%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157946.06    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974DN46<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     70000 | PA      | $74782.79     | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZM9<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    180000 | PA      | $191107.01    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX      | CUSIP: 15504RFZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $311658.71    | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Water System Revenue                                         | SEATTLE WA WTR SYS REVENUE                                   | CUSIP: 812728VK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240090.14    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MPD1<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265228.13    | 0.06%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Judson Independent School District                                              | JUDSON TX INDEP SCH DIST                                     | CUSIP: 481305EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $141922.99    | 0.03%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Water Finance Agency                                                       | UTAH ST WTR FIN AGY REVENUE                                  | CUSIP: 917572WJ4<br>LEI: 5493008FZQW2WEDN4040 | Long             | DBT              | MUN               | US        |    195000 | PA      | $205526.98    | 0.05%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP WTR SYS REVENUE                   | CUSIP: 71883RNZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $282123.61    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No 114 Evergreen                                   | CLARK CNTY WA SCH DIST #114 EVERGREEN                        | CUSIP: 181234L86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $253070.77    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Water & Sewer System Revenue                               | CHARLOTTE NC WTR & SWR SYS REVENUE                           | CUSIP: 161045ML0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213215.40    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521526H9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    210000 | PA      | $221598.68    | 0.05%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550E99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175651.76    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DE95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131130.24    | 0.03%             | 2025-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204E74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $443933.37    | 0.10%             | 2025-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Johnson County Public Building Commission                                       | JOHNSON CNTY KS PUBLIC BLDG COMMISSION LEASE PURCHASE REVENU | CUSIP: 478497YG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $192041.44    | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC                                                              | RALEIGH NC                                                   | CUSIP: 751091SL4<br>LEI: 549300I7RPBIIRI16112 | Long             | DBT              | MUN               | US        |    245000 | PA      | $262408.62    | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EDX1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    410000 | PA      | $431436.19    | 0.10%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Loudoun County Sanitation Authority                                             | LOUDOUN CNTY VA SANTN AUTH WTR & SWR REVENUE                 | CUSIP: 545904MA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36810.42     | 0.01%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Wilmington DE                                                           | WILMINGTON DE                                                | CUSIP: 971567QV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21480.88     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870QB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $263229.94    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525XQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    590000 | PA      | $630568.05    | 0.15%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Transportation Board                                                    | ARIZONA ST TRANSPRTN BRD EXCISE TAX REVENUE                  | CUSIP: 040649MT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372616.09    | 0.09%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107220.89    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MST7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    195000 | PA      | $208225.29    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HVG8<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    215000 | PA      | $230814.02    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                        | UNIV OF WASHINGTON WA UNIV REVENUES                          | CUSIP: 91523NPK6<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    160000 | PA      | $171938.22    | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FQA5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    130000 | PA      | $134695.85    | 0.03%             | 2025-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CZP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $145013.17    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631NM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117107.91    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS                                 | CUSIP: 5444355V8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $169929.17    | 0.04%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CB58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $182301.08    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland Department of Public Utilities Division of Water                      | CLEVELAND OH WTR REVENUE                                     | CUSIP: 186427EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $819295.78    | 0.19%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Community College District                                           | LONG BEACH CA CMNTY CLG DIST                                 | CUSIP: 542411LX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106958.57    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990ADR3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    180000 | PA      | $190123.31    | 0.04%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RJ23<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    225000 | PA      | $242053.90    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Contra Costa Transportation Authority Sales Tax Revenue                         | CONTRA COSTA CA TRANSPRTN AUTH SALES TAX REVENUE             | CUSIP: 21221MES5<br>LEI: 549300SFTNA7H8BCAM10 | Long             | DBT              | MUN               | US        |    210000 | PA      | $222172.21    | 0.05%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN                       | MET GOVT NASHVILLE & DAVIDSON CNTY TN                        | CUSIP: 592112QX7<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |    890000 | PA      | $934837.49    | 0.22%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipality of Anchorage AK                                                    | ANCHORAGE AK                                                 | CUSIP: 0331613L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69500.20     | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST BRD OF EDU PUBLIC EDU                             | CUSIP: 34153QQG4<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     35000 | PA      | $37234.14     | 0.01%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cincinnati OH                                                           | CINCINNATI OH                                                | CUSIP: 172217XH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157268.55    | 0.04%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Transportation Board                                                    | ARIZONA ST TRANSPRTN BRD                                     | CUSIP: 040647DY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122291.33    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SQG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128761.86    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558HJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118306.93    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XXT3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    685000 | PA      | $730385.77    | 0.17%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46246K2P6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    190000 | PA      | $202742.79    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Commissioner of Highways                                          | W VIRGINIA ST COMMISSIONER OF HIGHWAYS SPL OBLG              | CUSIP: 95649ACK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $484260.05    | 0.11%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RCC7<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    260000 | PA      | $278847.06    | 0.07%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428J64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133229.20    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $315865.53    | 0.07%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852R59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $660047.56    | 0.16%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507KF6<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080045.80   | 0.25%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                          | UNIV OF MICHIGAN MI                                          | CUSIP: 914455QL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $306770.73    | 0.07%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066QX1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    445000 | PA      | $475380.64    | 0.11%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DHY3<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    805000 | PA      | $863128.16    | 0.20%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XDX7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    145000 | PA      | $152191.74    | 0.04%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642B3P6<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    135000 | PA      | $143129.16    | 0.03%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KRQ4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1176254.75   | 0.28%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - Texas A&M University System                         | TEXAS ST A & M UNIV PERM UNIV FUND                           | CUSIP: 882117M76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $276990.19    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 7962376Q3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122712.74    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST                                                 | CUSIP: 5464152H2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $394535.85    | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FND AUTH                       | CUSIP: 646135Z97<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    220000 | PA      | $235451.92    | 0.06%             | 2025-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| County of Forsyth GA                                                            | FORSYTH CNTY GA                                              | CUSIP: 346593JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117787.46    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                       | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MWX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143624.95    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alamo Regional Mobility Authority                                               | ALAMO TX REGL MOBILITY AUTH                                  | CUSIP: 011432AJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $190884.55    | 0.05%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522JU9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69567.84     | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $179144.59    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DMG1<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |     95000 | PA      | $100657.72    | 0.02%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                    | LOS ANGELES CA DEPT OF WTR & PWR WTRWKS REVENUE              | CUSIP: 544525TU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $112219.74    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SCH FING                         | CUSIP: 92818HPB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160173.30    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183VP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $469196.33    | 0.11%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758XZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $241307.48    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Municipal Bond Bank                                                       | MAINE ST MUNI BOND BANK                                      | CUSIP: 56045RZM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214493.92    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona Lottery Revenue                                                | ARIZONA ST LOTTERY REVENUE                                   | CUSIP: 040624BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212729.14    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LGX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $329690.36    | 0.08%             | 2025-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WXA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59307.97     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                             | SHELBY CNTY TN                                               | CUSIP: 821686P48<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    135000 | PA      | $142865.88    | 0.03%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH TRANSPRTN SYS REVENUE             | CUSIP: 246428E36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266458.40    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445SZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $217721.75    | 0.05%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES TAX & MOTOR VE | CUSIP: 155048CX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161161.19    | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HZ54<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    450000 | PA      | $484089.57    | 0.11%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N6A6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    140000 | PA      | $149915.28    | 0.04%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin Environmental Improvement Fund Revenue                       | WISCONSIN ST ENVRNMNTL IMPT FUND REVENUE                     | CUSIP: 97709TAY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $276352.13    | 0.07%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445DG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $116826.30    | 0.03%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792CD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $150071.63    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Department of Management Services                                       | FLORIDA ST DEPT OF MGMT SVCS COPS                            | CUSIP: 34160PDS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $496303.24    | 0.12%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000WS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158068.76    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Puget Sound Regional Transit Authority                                  | CENTRL PUGET SOUND WA REGL TRANSIT AUTH SALES & USE TAX      | CUSIP: 15504RGE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1477692.15   | 0.35%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 402 Franklin Pierce                            | PIERCE CNTY WA SCH DIST #402 FRANKLIN PIERCE                 | CUSIP: 720594MN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113074.17    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 341150W71<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     35000 | PA      | $37329.74     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No 24J                                             | MARION & POLK CNTYS OR SCH DIST #24J SALEM                   | CUSIP: 569203NX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $292087.32    | 0.07%             | 2025-06-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Finance Authority                                                    | NEW MEXICO ST FIN AUTH ST TRANSPRTN REVENUE                  | CUSIP: 64711RLZ7<br>LEI: 549300L6217Y7X40SP94 | Long             | DBT              | MUN               | US        |    250000 | PA      | $265653.08    | 0.06%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430PZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $458838.94    | 0.11%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Santa Clara Valley Joint Powers Authority                                 | UPPER SANTA CLARA VY CA JT PWRS AUTH REVENUE                 | CUSIP: 916544CV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91000.59     | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Lottery Revenue                                                | FLORIDA ST BRD OF EDU LOTTERY REVENUE                        | CUSIP: 341507Q79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $308316.49    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797355SN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $151128.49    | 0.04%             | 2025-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723V30<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    145000 | PA      | $155314.52    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FNX8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    235000 | PA      | $247977.92    | 0.06%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701ZL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $266154.35    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                          | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544647AS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $288235.56    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373384Z66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $864024.32    | 0.20%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                         | UNIV OF MINNESOTA MN                                         | CUSIP: 914460TA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $235826.84    | 0.06%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733843Z7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $784997.71    | 0.19%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848RW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $370192.94    | 0.09%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AGS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1093444.50   | 0.26%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                              | TENNESSEE ST                                                 | CUSIP: 880541WR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $336601.91    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WWX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $522988.50    | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                         | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073S1<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    145000 | PA      | $150919.16    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                          | GEORGIA ST ROAD & TOLLWAY AUTH REVENUE                       | CUSIP: 37358MEG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $758626.65    | 0.18%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue           | FLORIDA ST TURNPIKE AUTH TURNPIKE REVENUE                    | CUSIP: 343137EJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $739909.09    | 0.17%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E3S4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    175000 | PA      | $184788.00    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                        | OKLAHOMA CITY OK                                             | CUSIP: 678519TT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21079.69     | 0.00%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 2463803G2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $848107.34    | 0.20%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                          | FREDERICK CNTY MD                                            | CUSIP: 35569PJY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21346.38     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593B92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $235903.21    | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                          | UTAH ST TRANSIT AUTH SALES TAX REVENUE                       | CUSIP: 917567BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $392549.76    | 0.09%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XM96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $145119.95    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT OF WTR & PWR REVENUE                     | CUSIP: 544532AS3<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    160000 | PA      | $170845.28    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sedgwick County Unified School District No 265 Goddard                          | SEDGWICK CNTY KS UNIF SCH DIST #265                          | CUSIP: 815668LX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21390.51     | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                          | UTAH ST TRANSIT AUTH SALES TAX REVENUE                       | CUSIP: 917567BW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $314279.25    | 0.07%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST PARKS & RECREATION CAPITAL FACS                      | CUSIP: 67760ADC7<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52584.10     | 0.01%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Clean Water Trust/The                                             | MASSACHUSETTS ST CLEAN WTR TRUST                             | CUSIP: 575829FA9<br>LEI: 549300SYPEROLSQU0261 | Long             | DBT              | MUN               | US        |     95000 | PA      | $101514.86    | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Winston-Salem NC Water & Sewer System Revenue                           | WINSTON-SALEM NC WTR & SWR SYS REVENUE                       | CUSIP: 975700PA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79752.19     | 0.02%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845LL2<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    550000 | PA      | $589714.90    | 0.14%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145Y57<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    210000 | PA      | $226328.47    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                         | LOS ANGELES CA DEPT WTR & PWR REVENUE                        | CUSIP: 544495Q98<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    165000 | PA      | $176184.20    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 341150U24<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53328.21     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 649902AV5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    210000 | PA      | $224264.00    | 0.05%             | 2025-03-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| East Bay Municipal Utility District Water System Revenue                        | EAST BAY CA MUNI UTILITY DIST WTR SYS REVENUE                | CUSIP: 271014A51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85276.06     | 0.02%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758VM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $481506.35    | 0.11%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492PZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $852666.88    | 0.20%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HUD6<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53677.68     | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GFJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52113.29     | 0.01%             | 2025-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                       | OHIO ST UNIV                                                 | CUSIP: 677632J28<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    230000 | PA      | $246768.24    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974AQ80<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    410000 | PA      | $381488.60    | 0.09%             | 2025-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133408A9<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26901.82     | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465QBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $262085.49    | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 796237T21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52634.23     | 0.01%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593XF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157268.81    | 0.04%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Clara CA                                                        | SANTA CLARA CNTY CA                                          | CUSIP: 801546RX2<br>LEI: 254900JSVO2QQ5A3DV83 | Long             | DBT              | MUN               | US        |    180000 | PA      | $192707.14    | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                   | SAN JOSE CA EVERGREEN CMNTY CLG DIST                         | CUSIP: 798189MF0<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |    125000 | PA      | $134175.46    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PQJ5<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    140000 | PA      | $148432.07    | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914F5M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $343292.79    | 0.08%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                     | LONG ISLAND NY PWR AUTH ELEC SYS REVENUE                     | CUSIP: 542691EC0<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    140000 | PA      | $149801.97    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside County Transportation Commission Sales Tax Revenue                    | RIVERSIDE CNTY CA TRANSPRTN COMMISSION                       | CUSIP: 769125FR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $117176.85    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah State Building Ownership Authority                                         | UTAH ST BLDG OWNERSHIP AUTH LEASE REVENUE                    | CUSIP: 917547YW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $571648.32    | 0.13%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue      | LOS ANGELES CNTY CA MET TRANSPRTN AUTH SALES TAX REVENUE     | CUSIP: 54466HLX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $133533.89    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $422880.32    | 0.10%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GC40<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    140000 | PA      | $148173.00    | 0.03%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 7973555F7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149489.62    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                              | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LJX5<br>LEI: 5493006JSGNPGVJS7691 | Long             | DBT              | MUN               | US        |    280000 | PA      | $300068.05    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gilbert Water Resource Municipal Property Corp                                  | GILBERT AZ WTR RESOURCE MUNI PROPERTY CORP UTILITY SYS REVEN | CUSIP: 37530AAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $154369.52    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas & Washington Counties School District No 3                            | CLACKAMAS & WASHINGTON CNTYS OR JT SCH DIST #3 WEST LINN-WIL | CUSIP: 178882MC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $319032.75    | 0.08%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542VC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $229258.91    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                          | CLARK CNTY NV ARPT REVENUE                                   | CUSIP: 18085PSF2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    710000 | PA      | $755360.84    | 0.18%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GGX6<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    310000 | PA      | $330223.87    | 0.08%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PP89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79784.16     | 0.02%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Redding CA Electric System Revenue                                      | REDDING CA ELEC SYS REVENUE                                  | CUSIP: 75728TAW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106007.96    | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Alabama/The                                                       | UNIV OF ALABAMA AL UNIV GEN REVENUE                          | CUSIP: 914026SR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $271044.01    | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Regional Mobility Authority                                       | CENTRL TX REGL MOBILITY AUTH REVENUE                         | CUSIP: 155498EC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $140510.94    | 0.03%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Henry County Water Authority                                                    | HENRY CNTY GA WTR AUTH WTR & SWR REVENUE                     | CUSIP: 426368AD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263171.13    | 0.06%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                  | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204L50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $445524.74    | 0.11%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492NV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149216.70    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No 356 Central Valley                            | SPOKANE CNTY WA SCH DIST #356 CENTRAL VLY                    | CUSIP: 848797QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96920.72     | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLLCONTROL REVENUE                 | CUSIP: 67766WZN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $425345.00    | 0.10%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772J3U4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    170000 | PA      | $182194.41    | 0.04%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Iowa                                                                   | IOWA ST SPL OBLG                                             | CUSIP: 46257TFB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265195.53    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District No 122 Ridgefield                                  | CLARK CNTY WA SCH DIST #122 RIDGEFIELD                       | CUSIP: 181342GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $59229.33     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AFX8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    265000 | PA      | $280242.93    | 0.07%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Electric Revenue      | MET GOVT NASHVILLE & DAVIDSONCNTY TN ELEC REVENUE            | CUSIP: 592030M31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $275775.73    | 0.07%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643MV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132174.33    | 0.03%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                            | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946952L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107782.91    | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                             | NEW JERSEY ST                                                | CUSIP: 646039VL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530625.30    | 0.13%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monterey CA                                                           | MONTEREY CNTY CA COPS                                        | CUSIP: 612448PJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $299767.44    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                | OHIO ST WTR DEV AUTH POLL CONTROL FACS REVENUE               | CUSIP: 677660US9<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    280000 | PA      | $301931.50    | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts School Building Authority                                         | MASSACHUSETTS ST SCH BLDG AUTH SALES TAX REVENUE             | CUSIP: 576000UA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2662387.20   | 0.63%             | 2045-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417015H5<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1505000 | PA      | $1606204.78   | 0.38%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sequoia Union High School District                                              | SEQUOIA CA UNION HIGH SCH DIST                               | CUSIP: 817409J22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $229814.46    | 0.05%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RUW4<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    135000 | PA      | $144557.34    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada                                                                 | NEVADA ST                                                    | CUSIP: 641462FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $233151.82    | 0.06%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RT89<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268948.78    | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County School Board                                                     | VOLUSIA CNTY FL SCH BRD COPS                                 | CUSIP: 92884EJB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95787.49     | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139422.10    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County College District                                                 | TARRANT CNTY TX CLG DIST                                     | CUSIP: 87638KBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208299.45    | 0.05%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Iredell NC                                                            | IREDELL CNTY NC LTD OBLIG                                    | CUSIP: 46267VAV4<br>LEI: 549300NE65QUOJ0ETV20 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26936.72     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Winston-Salem NC Water & Sewer System Revenue                           | WINSTON-SALEM NC WTR & SWR SYS REVENUE                       | CUSIP: 975700LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212672.50    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST                                            | CUSIP: 6582562L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $207401.51    | 0.05%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC                                                 | CUSIP: 930863T88<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    370000 | PA      | $390825.64    | 0.09%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LYS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134682.83    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                           | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 667825K69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $47378.70     | 0.01%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818MY95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $57484.31     | 0.01%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241SY3<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1414617.30   | 0.33%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241UF1<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53787.73     | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Denton TX                                                               | DENTON TX                                                    | CUSIP: 248867CE1<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115849.59    | 0.03%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193PL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $432773.89    | 0.10%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MP94<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    335000 | PA      | $357720.37    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                              | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $603529.84    | 0.14%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DH81<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    540000 | PA      | $569317.14    | 0.13%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Anne Arundel MD                                                       | ANNE ARUNDEL CNTY MD                                         | CUSIP: 03588HHH2<br>LEI: 549300L8Q6EFVTZGWW41 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211740.32    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 647310W23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58487.16     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District/CA                                       | LOS ANGELES CA CMNTY CLG DIST                                | CUSIP: 54438CYW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $101802.55    | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182JX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $322419.99    | 0.08%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CR44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $198386.47    | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri State Board of Public Buildings                                        | MISSOURI ST BRD OF PUBLIC BLDGS SPL OBLG                     | CUSIP: 606341MB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $327023.71    | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                            | MINNEAPOLIS-SAINT PAUL MN MET ARPTS COMMISSION ARPT REVENUE  | CUSIP: 603827WY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209691.74    | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136W80<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26304.71     | 0.01%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HYC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $176149.12    | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818MRM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $32282.18     | 0.01%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County School District No 17/NE                                         | DOUGLAS CNTY NE SCH DIST #17                                 | CUSIP: 259327M35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $655511.54    | 0.15%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washoe County School District/NV                                                | WASHOE CNTY NV SCH DIST                                      | CUSIP: 940859AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64155.47     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP REVENUE                      | CUSIP: 64985HD79<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |     70000 | PA      | $75231.21     | 0.02%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769FA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68483.16     | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AGP4<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    245000 | PA      | $262022.80    | 0.06%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ALA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $177091.94    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                     | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $434046.91    | 0.10%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139355.24    | 0.03%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VAT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131610.64    | 0.03%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST COPS                                           | CUSIP: 939720SG4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     95000 | PA      | $100862.03    | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818LRJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $332722.94    | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                           | NORTHWEST TX INDEP SCH DIST                                  | CUSIP: 667825U68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52638.47     | 0.01%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WLT7<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108205.54    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                               | AUSTIN TX CMNTY CLG DIST                                     | CUSIP: 052403ER9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106555.97    | 0.03%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CVP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $641902.80    | 0.15%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                       | OHIO ST UNIV                                                 | CUSIP: 677632K26<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |    285000 | PA      | $305778.04    | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX                                                          | SAN ANTONIO TX                                               | CUSIP: 79623PAG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240090.14    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966LV81<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    240000 | PA      | $256277.28    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                               | PURDUE UNIV IN UNIV REVENUES                                 | CUSIP: 746189WN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93669.26     | 0.02%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506DPV1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    125000 | PA      | $131786.38    | 0.03%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $396609.14    | 0.09%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650035S66<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1136032.16   | 0.27%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HF31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $186638.17    | 0.04%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                     | CALIFORNIA ST UNIV REVENUE                                   | CUSIP: 13077C3Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161744.63    | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Utah                                                                   | UTAH ST                                                      | CUSIP: 917542WH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $842393.20    | 0.20%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                               | AUSTIN TX                                                    | CUSIP: 052397DJ2<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    300000 | PA      | $320770.14    | 0.08%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EVU7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117241.70    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newport Mesa Unified School District                                            | NEWPORT MESA CA UNIF SCH DIST                                | CUSIP: 652113UJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $212236.25    | 0.05%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Spring Independent School District                                              | SPRING TX INDEP SCH DIST                                     | CUSIP: 8500005F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53359.05     | 0.01%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                         | CLEAR CREEK TX INDEP SCH DIST                                | CUSIP: 184541BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $173706.93    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Will IL                                                               | WILL CNTY IL                                                 | CUSIP: 968657HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134629.60   | 0.50%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough City School District                                               | HILLSBOROUGH CA SCH DIST                                     | CUSIP: 432272CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $235122.55    | 0.06%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                       | DALLAS TX AREA RAPID TRANSIT SALES TAX REVENUE               | CUSIP: 235241RN8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    475000 | PA      | $510983.44    | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Sanitary Sewerage System Revenue                             | MEMPHIS TN SANTN SWR SYS REVENUE                             | CUSIP: 586200RE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $214441.78    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Arlington TX                                                            | ARLINGTON TX                                                 | CUSIP: 041796MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $164860.43    | 0.04%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Monmouth NJ                                                           | MONMOUTH CNTY NJ                                             | CUSIP: 609561JF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $208209.44    | 0.05%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643UJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143723.35    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                             | IDAHO ST HSG & FIN ASSN                                      | CUSIP: 45129WMQ0<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1126571.82   | 0.27%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DVP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $290914.90    | 0.07%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AC20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2046972.81   | 0.48%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CRE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $216753.37    | 0.05%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522QC1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060007.10   | 0.25%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $201573.38    | 0.05%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                             | HONOLULU CITY & CNTY HI WSTWTR SYS REVENUE                   | CUSIP: 438701G81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $26615.44     | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                                       | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484NK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $337209.24    | 0.08%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Adams CO                                                              | ADAMS CNTY CO COPS                                           | CUSIP: 005596DW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139514.69    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE 21ST CENTURY  | CUSIP: 92778VFD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $626825.00    | 0.15%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514ABK0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    200000 | PA      | $213896.16    | 0.05%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Frederick MD                                                          | FREDERICK CNTY MD                                            | CUSIP: 35569PKB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $298990.16    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QDG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132614.06    | 0.03%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water District of Southern California                              | MET WTR DIST OF STHRN CA WTRWKS REVENUE                      | CUSIP: 59266TUC3<br>LEI: 5493003GD0S0P56RLT45 | Long             | DBT              | MUN               | US        |     95000 | PA      | $102294.99    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990E5N3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    415000 | PA      | $437871.19    | 0.10%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Portland Community College District                                             | PORTLAND OR CMNTY CLG DIST                                   | CUSIP: 736688KA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $382797.97    | 0.09%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XHC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $635204.39    | 0.15%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Educational Facilities Authority                                     | CALIFORNIA ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 1301786D3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96765.30     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                               | MARYLAND ST                                                  | CUSIP: 574193PD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2185240.99   | 0.52%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Putnam TN                                                             | PUTNAM CNTY TN                                               | CUSIP: 746673YK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $105783.01    | 0.02%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                       | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155KG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $42652.52     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733843M6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $396130.28    | 0.09%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Tacoma WA                                                               | PORT TACOMA WA REVENUE                                       | CUSIP: 735439NL1<br>LEI: 549300MLYO8L64QKXV81 | Long             | DBT              | MUN               | US        |    115000 | PA      | $120217.86    | 0.03%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA                                                             | RICHMOND VA                                                  | CUSIP: 76541VNT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $37327.63     | 0.01%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No 10 Tacoma                                      | PIERCE CNTY WA SCH DIST #10 TACOMA                           | CUSIP: 720424YV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $269367.15    | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Texas System                                                | UNIV OF N TEXAS UNIV REVENUE                                 | CUSIP: 914729PU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $317687.01    | 0.07%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                               | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550J37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532278.05    | 0.13%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477VX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96852.52     | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                 | OREGON ST                                                    | CUSIP: 68609BZT7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159504.38    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                           | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036AA4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |    360000 | PA      | $380438.68    | 0.09%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 61334PBB8<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1129876.44   | 0.27%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GSD8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    485000 | PA      | $520804.06    | 0.12%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412G3F0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $191668.84    | 0.05%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                             | CALIFORNIA ST PUBLIC WKS BRD LEASE REVENUE                   | CUSIP: 13068LM93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $235919.05    | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                            | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602N5C4<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    205000 | PA      | $219860.18    | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Mateo Union High School District                                            | SAN MATEO CA UNION HIGH SCH DIST                             | CUSIP: 799017CG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $280069.71    | 0.07%             | 2025-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 9281726A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $502349.82    | 0.12%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145F33<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211609.58    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174UH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $366144.95    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DAQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262678.25    | 0.06%             | 2025-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                              | DALLAS TX INDEP SCH DIST                                     | CUSIP: 235308VY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $416328.58    | 0.10%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213AFA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $764349.55    | 0.18%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024UY6<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211783.94    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $225107.44    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Electric Utility System Revenue                               | EUGENE OR ELEC UTILITY REVENUE                               | CUSIP: 298191L62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15968.34     | 0.00%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 373385AH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110637.26    | 0.03%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Atlanta Rapid Transit Authority                                    | MET ATLANTA GA RAPID TRANSIT AUTH SALES TAX REVENUE          | CUSIP: 5917454G6<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    350000 | PA      | $364437.08    | 0.09%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CZ37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $171577.49    | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                              | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002EB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $224215.22    | 0.05%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TW90<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    330000 | PA      | $353740.27    | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue         | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EFP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144932.85    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue               | NEW YORK CITY NY TRANSITIONAL FIN AUTH BLDG AID REVENUE      | CUSIP: 64972HB50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $182396.85    | 0.04%             | 2025-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WNC6<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    270000 | PA      | $283446.70    | 0.07%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG PRINCE WM               | CUSIP: 92817TGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79190.00     | 0.02%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Francisco CA Public Utilities Commission Water Revenue              | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILITIES COMMISSION WTR | CUSIP: 79765RH28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $561149.32    | 0.13%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FMJ0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264060.15    | 0.06%             | 2025-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of West Virginia                                                          | WEST VIRGINIA ST                                             | CUSIP: 956553XW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $764775.79    | 0.18%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN FING CORP REVENUE                  | CUSIP: 34160KAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $292769.79    | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                   | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268BK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $592992.03    | 0.14%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098R66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $111784.83    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                         | MONTGOMERY CNTY MD                                           | CUSIP: 6133407L6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |    175000 | PA      | $187871.88    | 0.04%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Durham NC                                                             | DURHAM CNTY NC                                               | CUSIP: 266705L67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $295227.24    | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District Upper East Fork Wastewater Interceptor Sys | N TEXAS ST MUNI WTR DIST UPPER EFORK WSTWTR INTERCPT         | CUSIP: 662842LL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95575.86     | 0.02%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of San Francisco CA                                               | SAN FRANCISCO CA CITY & CNTY                                 | CUSIP: 79773KFW9<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |     25000 | PA      | $26690.82     | 0.01%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Clara Valley Transportation Authority                                     | SANTA CLARA VLY CA TRANSPRTN AUTH SALES TAX REVENUE          | CUSIP: 80168NHR3<br>LEI: 549300R6Q7T4MD3V9H68 | Long             | DBT              | MUN               | US        |    665000 | PA      | $708700.61    | 0.17%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465P4K1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64184.20     | 0.02%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582P7C8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    840000 | PA      | $897393.50    | 0.21%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Blount TN                                                             | BLOUNT CNTY TN                                               | CUSIP: 095167SX1<br>LEI: 54930071RP1NB2WPW616 | Long             | DBT              | MUN               | US        |    535000 | PA      | $568522.03    | 0.13%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Infrastructure Investment Authority                                | PENNSYLVANIA ST INFRASTRUCTURE INVESTMENT AUTH               | CUSIP: 708836GR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157865.54    | 0.04%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                               | FRISCO TX                                                    | CUSIP: 358776RG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $94657.34     | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Georgia                                                                | GEORGIA ST                                                   | CUSIP: 3733846E1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $175862.54    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maine                                                                  | MAINE ST                                                     | CUSIP: 56052AG83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148870.75    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576049V64<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16123.14     | 0.00%             | 2025-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                            | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE                    | CUSIP: 153476DR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $148706.63    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AEW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1180499.79   | 0.28%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848ZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53050.82     | 0.01%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Kansas Department of Transportation                                    | KANSAS ST DEPT OF TRANSPRTN HIGHWAY REVENUE                  | CUSIP: 485424SC0<br>LEI: 5493001635XK841MIO47 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64122.83     | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST LTD OBLIG                                  | CUSIP: 65829QDW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $440278.69    | 0.10%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009F65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $231125.73    | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida State Development Commission/Everglades Parkway                         | FLORIDA ST DEPT OF TRANSPRTN ALLIGATOR ALLEY REVENUE         | CUSIP: 341603CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85072.23     | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST                                                      | CUSIP: 677522VF8<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    400000 | PA      | $429098.64    | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grapevine-Colleyville Independent School District                               | GRAPEVINE-COLLEYVILLE TX INDEP SCH DIST                      | CUSIP: 388640YV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $187932.26    | 0.04%             | 2025-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723N47<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    245000 | PA      | $258901.77    | 0.06%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cypress-Fairbanks Independent School District                                   | CYPRESS-FAIRBANKS TX INDEP SCH DIST                          | CUSIP: 232769CE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $152770.13    | 0.04%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ANZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $261739.77    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Utah Water Conservancy District                                         | CENTRL UT WTR CONSERVANCY DIST                               | CUSIP: 155674KH6<br>LEI: 5493001AT8W3NBIEDB45 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211696.74    | 0.05%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TQD8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    185000 | PA      | $198224.60    | 0.05%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                          | LOS ANGELES CA                                               | CUSIP: 544351PG8<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    255000 | PA      | $273717.94    | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AZR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $521662.53    | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                           | NORTHSIDE TX INDEP SCH DIST                                  | CUSIP: 66702RNR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106845.79    | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                          | IOWA ST FIN AUTH REVENUE                                     | CUSIP: 46247SAD6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    300000 | PA      | $320120.19    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $293581.86    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492MJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36485.68     | 0.01%             | 2025-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                      | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269VN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $305540.26    | 0.07%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Boston MA                                                               | BOSTON MA                                                    | CUSIP: 100853F62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $215214.56    | 0.05%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                              | VIRGINIA ST PUBLIC BLDG AUTH PUBLIC FACS REVENUE             | CUSIP: 928172Z32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1100894.28   | 0.26%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CBQ5<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1130191.68   | 0.27%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687HU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78255.18     | 0.02%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority                                                    | VIRGINIA ST RESOURCES AUTH INFRASTRUCTURE REVENUE            | CUSIP: 92818LQK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118368.01    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492TJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $212682.33    | 0.05%             | 2025-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH Sales Tax Revenue                                         | HAMILTON CNTY OH SALES TAX                                   | CUSIP: 407287MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128885.28    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Forsyth County School District                                                  | FORSYTH CNTY GA SCH DIST                                     | CUSIP: 346604KT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $163352.81    | 0.04%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XFD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53378.52     | 0.01%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pierce WA                                                             | PIERCE CNTY WA                                               | CUSIP: 720356G65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $164827.45    | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco County Transportation Authority Sales Tax Revenue                 | SAN FRANCISCO CNTY CA TRANSPRTN AUTH SALES TAX REVENUE       | CUSIP: 79773TAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $119122.87    | 0.03%             | 2025-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514ADZ5<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    340000 | PA      | $363623.47    | 0.09%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 812627ES2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $361239.48    | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                 | HAWAII ST                                                    | CUSIP: 419792MG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $225107.44    | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Community College District                                               | AUSTIN TX CMNTY CLG DIST                                     | CUSIP: 052403HN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $324995.71    | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BQJ3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    400000 | PA      | $423351.44    | 0.10%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CDN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $277269.77    | 0.07%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                | NEW MEXICO ST SEVERANCE TAX                                  | CUSIP: 647310U82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $143690.54    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Irving Independent School District                                              | IRVING TX INDEP SCH DIST                                     | CUSIP: 463813ZM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $805837.69    | 0.19%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Riverside Community College District                                            | RIVERSIDE CA CMNTY CLG DIST                                  | CUSIP: 76886PEE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $97999.06     | 0.02%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH Sales Tax Revenue                                         | FRANKLIN CNTY OH SALES TAX REVENUE                           | CUSIP: 353204AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $164639.23    | 0.04%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                | VIRGINIA ST PUBLIC SCH AUTH SPL OBLG PRINCE WM               | CUSIP: 92817THU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $190056.01    | 0.04%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK LEASE REVENUE   | CUSIP: 13034RAC7<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    235000 | PA      | $243893.67    | 0.06%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | UNIV OF MASSACHUSETTS MA BLDG AUTH REVENUE                   | CUSIP: 914437SU3<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |    105000 | PA      | $112754.64    | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WWM2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    195000 | PA      | $206745.51    | 0.05%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966L5B3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    270000 | PA      | $288311.94    | 0.07%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Council                                                            | MET COUNCIL MINNEAPOLIS-SAINT PAUL MN MET AREA               | CUSIP: 591852Z43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078326.80   | 0.25%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beverly Hills Unified School District CA                                        | BEVERLY HILLS CA UNIF SCH DIST                               | CUSIP: 088023HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $47000.98     | 0.01%             | 2025-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HUD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $234865.49    | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Resources Authority Clean Water Revolving Fund                         | VIRGINIA ST RESOURCES AUTH CLEAN WTR REVENUE                 | CUSIP: 92817LRK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69780.98     | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893X55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $391019.48    | 0.09%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477VV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $48280.68     | 0.01%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Purdue University                                                               | PURDUE IN UNIV COPS                                          | CUSIP: 746173GF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $122375.11    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of New Castle DE                                                         | NEW CASTLE CNTY DE                                           | CUSIP: 64327TDU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1565000 | PA      | $1678006.93   | 0.40%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH DIST                                     | CUSIP: 115067GQ7<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    180000 | PA      | $190932.70    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                               | CALIFORNIA ST DEPT OF WTR RESOURCES CENTRL VLY PROJ          | CUSIP: 13067WPU0<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |    460000 | PA      | $497745.48    | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Permanent University Fund - University of Texas System                          | UNIV OF TEXAS TX PERMANENT UNIV FND                          | CUSIP: 9151155X3<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    180000 | PA      | $191543.65    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                     | SANTA MONICA-MALIBU CA UNIF SCH DIST                         | CUSIP: 802498VB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130673.66    | 0.03%             | 2025-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware River Port Authority                                                   | DELAWARE RIVER NJ PORT AUTH PA & NJ                          | CUSIP: 246348FT8<br>LEI: 549300OBM31KJO8JR048 | Long             | DBT              | MUN               | US        |    120000 | PA      | $125861.09    | 0.03%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-01

**Name of Applicant:** iShares Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer