# EDGAR Filing Document

**Accession Number:** 0000787441
**File Stem:** 0002071691-25-008874
**Filing Date:** 2025-12
**Character Count:** 218644
**Document Hash:** 8684738fcec6a441f76f760bad33b9ef
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-008874.hdr.sgml**: 20251222

**ACCESSION NUMBER**: 0002071691-25-008874

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251222

**DATE AS OF CHANGE**: 20251222

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NEW YORK LIFE INVESTMENTS FUNDS
- **CENTRAL INDEX KEY:** 0000787441

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04550
- **FILM NUMBER:** 251589854

**BUSINESS ADDRESS:**
- **STREET 1:** 51 MADISON AVE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125767000

**MAIL ADDRESS:**
- **STREET 1:** 51 MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAINSTAY FUNDS
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACKAY SHIELDS MAINSTAY SERIES FUND /NY/
- **DATE OF NAME CHANGE:** 19911126

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MACKAY SHIELDS SERIES FUND
- **DATE OF NAME CHANGE:** 19860506

## Series and Classes Contracts Data

### NYLI MacKay U.S. Infrastructure Bond Fund (Series ID: S000006895)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000018689 | Class A        | MGVAX           |
| C000018691 | Class C        | MGVCX           |
| C000018692 | Class I        | MGOIX           |
| C000060791 | INVESTOR CLASS | MGVNX           |
| C000185556 | Class R6       | MGVDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** NEW YORK LIFE INVESTMENTS FUNDS

- **b. Investment Company Act file number:** 811-04550

- **c. CIK number of Registrant:** 0000787441

- **d. LEI of Registrant:** 549300PAI7XEJSNBJ671

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

  - **Street Address 1:** 51 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-576-7000

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

- **a. Name of Series:** NYLI MacKay U.S. Infrastructure Bond Fund

- **b. EDGAR series identifier (if any):** S000006895

- **c. LEI of Series:** 549300VGQDBBMXRHHU10

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1935040809.41

**Total Liabilities:** $48002369.49

**Net Assets:** $1887038439.92

**Delayed Delivery Securities:** $39595040.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -34.95000000 | **1-Year:** -13457.74000000 | **5-Year:** -297796.22000000 | **10-Year:** -632393.13000000 | **30-Year:** -299118.11000000

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

- **3-Month:** 0.00000000 | **1-Year:** -935.67000000 | **5-Year:** -9461.26000000 | **10-Year:** -17595.03000000 | **30-Year:** -3991.94000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000018689 | 1.44%                | 0.75%                | 0.78%                |
| Class ID C000018691 | 1.35%                | 0.67%                | 0.69%                |
| Class ID C000018692 | 1.44%                | 0.77%                | 0.92%                |
| Class ID C000185556 | 1.32%                | 0.90%                | 0.80%                |
| Class ID C000060791 | 1.41%                | 0.73%                | 0.88%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $326192.06               | $17554221.37                               |
| Month 2  | $2461596.21              | $5023646.48                                |
| Month 3  | $1084898.36              | $6614708.12                                |

**Designated Index Information**

- **Index Name:** Bloomberg Municipal Bond - Taxable (5-10 Y)

- **Index Identifier:** LEH__LHMN22078

### Schedule of Portfolio Investments

| Name                                                                             | Title                                                                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pennsylvania Housing Finance Agency                                              | Pennsylvania Housing Finance Agency, Series 149-B                                     | CUSIP: 70879QS53<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2164577.20   | 0.11%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                              | City of Los Angeles, Series A                                                         | CUSIP: 544351RS0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   6895000 | PA      | $7476040.96   | 0.40%             | 2032-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                   | Oakland Unified School District                                                       | CUSIP: 672325P35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7405000 | PA      | $6358733.48   | 0.34%             | 2035-08-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                    | Sumter Landing Community Development District                                         | CUSIP: 86657MCF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1827893.55   | 0.10%             | 2034-10-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $283607.21    | 0.02%             | 2029-09-01      | Fixed         | 1.86%                 | No            |                  2 | On Loan: No      |
| City of Miramar                                                                  | City of Miramar                                                                       | CUSIP: 604633BK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1682477.52   | 0.09%             | 2034-10-01      | Fixed         | 2.44%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | State of New Jersey, Series A                                                         | CUSIP: 646039YA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $3660704.97   | 0.19%             | 2031-06-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | Indianapolis Local Public Improvement Bond Bank, Series A-2                           | CUSIP: 45528S4Y9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   4315000 | PA      | $4425067.45   | 0.23%             | 2030-01-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1114352.10   | 0.06%             | 2037-11-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                                | State of California Department of Water Resources, Series BE                          | CUSIP: 13067WTD4<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6410008.50   | 0.34%             | 2033-12-01      | Fixed         | 2.13%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Series F                                                              | CUSIP: 882725CG7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2323510.28   | 0.12%             | 2035-08-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                            | Toll Road Investors Partnership II LP                                                 | CUSIP: 88948ABR7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $3756361.90   | 0.20%             | 2039-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series A                                     | CUSIP: 37329DBT3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3153697.45   | 0.17%             | 2035-01-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Metropolitan St. Louis Sewer District                                            | Metropolitan St. Louis Sewer District, Series B                                       | CUSIP: 592481CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3252655.63   | 0.17%             | 2039-05-01      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas                                                                        | CUSIP: 882724U39<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   7470000 | PA      | $7735528.62   | 0.41%             | 2032-10-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                             | State of Mississippi, Series B                                                        | CUSIP: 605581PJ0<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $1965660.55   | 0.10%             | 2030-06-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                   | University of Massachusetts Building Authority, Series 4                              | CUSIP: 914437VD7<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2081495.95   | 0.11%             | 2031-11-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | Texas Department of Housing & Community Affairs, Series D                             | CUSIP: 88275FZU6<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |   2440000 | PA      | $2564777.94   | 0.14%             | 2053-09-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series C                        | CUSIP: 70917TSP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2242498.16   | 0.12%             | 2037-11-01      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Port Authority of Guam                                                           | Port Authority of Guam, Series C                                                      | CUSIP: 400652AY9<br>LEI: N/A                  | Long             | DBT              | MUN               | GU        |   1000000 | PA      | $1002549.60   | 0.05%             | 2028-07-01      | Fixed         | 4.58%                 | No            |                  2 | On Loan: No      |
| Frisco Community Development Corp.                                               | Frisco Community Development Corp.                                                    | CUSIP: 358781ED0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2935000 | PA      | $3046847.57   | 0.16%             | 2036-02-15      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                                         | JobsOhio Beverage System, Series A                                                    | CUSIP: 47770VBQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $1733529.58   | 0.09%             | 2038-01-01      | Fixed         | 2.83%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority                                | CUSIP: 13080SZE7<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1695235.52   | 0.09%             | 2030-11-15      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Savannah Hospital Authority                                                      | Savannah Hospital Authority, Series B                                                 | CUSIP: 804833FF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919717.90    | 0.05%             | 2038-07-01      | Fixed         | 3.99%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series D                   | CUSIP: 57421CAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9020000 | PA      | $7138014.88   | 0.38%             | 2040-07-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512316.50    | 0.03%             | 2032-11-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KTP4<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   5060000 | PA      | $5201166.92   | 0.28%             | 2032-05-15      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Central Florida Tourism Oversight District                                       | Central Florida Tourism Oversight District, Series A                                  | CUSIP: 758449SG8<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1364072.33   | 0.07%             | 2035-06-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series GM                                                            | CUSIP: 419792M78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2075809.20   | 0.11%             | 2032-10-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series F                                     | CUSIP: 837151SW0<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3819012.36   | 0.20%             | 2030-01-01      | Fixed         | 5.74%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp.                                     | Kentucky Higher Education Student Loan Corp., Series A-2                              | CUSIP: 49130NGZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3170040.30   | 0.17%             | 2035-06-01      | Fixed         | 6.04%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | State of Oregon, Series B                                                             | CUSIP: 68609UNN1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2126209.40   | 0.11%             | 2035-05-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| St Joseph County Redevelopment Authority                                         | St Joseph County Redevelopment Authority, Series B                                    | CUSIP: 79062DAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1188108.92   | 0.06%             | 2032-02-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | State of Oregon, Series B                                                             | CUSIP: 68609UNM3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2471124.37   | 0.13%             | 2034-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                             | County of Miami-Dade, Series A-3                                                      | CUSIP: 59335KCZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $816494.10    | 0.04%             | 2037-10-01      | Fixed         | 2.71%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Water & Wastewater                                               | City of Atlanta                                                                       | CUSIP: 047870SM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $6647134.23   | 0.35%             | 2029-11-01      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series B                                          | CUSIP: 64990GWU2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6430000 | PA      | $6100960.18   | 0.32%             | 2030-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | California Community Choice Financing Authority, Series B                             | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   7545000 | PA      | $8018051.88   | 0.42%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston Airport System                                                   | City of Houston Airport System, Series C                                              | CUSIP: 442349EU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1314556.47   | 0.07%             | 2032-07-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                               | City of Springdale, Series A                                                          | CUSIP: 850269EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548198.15   | 0.08%             | 2030-08-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                       | Great Lakes Water Authority Sewage Disposal System, Series B                          | CUSIP: 39081HCZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $853262.00    | 0.05%             | 2036-07-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Silicon Valley Clean Water                                                       | Silicon Valley Clean Water, Series A                                                  | CUSIP: 82707BDT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $2707065.52   | 0.14%             | 2031-08-01      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                   | Sales Tax Securitization Corp., Series B                                              | CUSIP: 79467BDT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8066761.80   | 0.43%             | 2031-01-01      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KZN2<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3128885.70   | 0.17%             | 2032-03-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                             | County of Miami-Dade, Series A-3                                                      | CUSIP: 59335KCV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2586513.90   | 0.14%             | 2033-10-01      | Fixed         | 2.31%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 1                                                           | CUSIP: 452152BM2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4615385 | PA      | $4923131.27   | 0.26%             | 2035-02-01      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268EK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $829756.02    | 0.04%             | 2032-09-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                    | Sumter Landing Community Development District                                         | CUSIP: 86657MCG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564443.00   | 0.08%             | 2035-10-01      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | Pennsylvania Housing Finance Agency, Series 150-B                                     | CUSIP: 70879Q3C5<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3251600.70   | 0.17%             | 2055-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | Connecticut Housing Finance Authority, Series E-2                                     | CUSIP: 20775JFL8<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |  21000000 | PA      | $22107745.80  | 1.17%             | 2055-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | New York State Energy Research & Development Authority, Series A                      | CUSIP: 64985VBC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $996969.50    | 0.05%             | 2033-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | Rhode Island Student Loan Authority, Series 1                                         | CUSIP: 762323CV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1481591.72   | 0.08%             | 2033-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| University of Minnesota                                                          | University of Minnesota, Series C                                                     | CUSIP: 914460HE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7020000 | PA      | $7064328.49   | 0.37%             | 2036-08-01      | Fixed         | 4.56%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management                                               | Dreyfus Government Cash Management - Institutional Shares, Class I                    | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  35325980 | NS      | $35325979.81  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series A                                     | CUSIP: 2350364W7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1029360.63   | 0.05%             | 2038-11-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series D-3                                                          | CUSIP: 64966QKS8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $897798.40    | 0.05%             | 2031-03-01      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | Ohio Housing Finance Agency, Series C                                                 | CUSIP: 67756UEV6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   6665000 | PA      | $7217439.86   | 0.38%             | 2056-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Glendale Community College District                                              | Glendale Community College District                                                   | CUSIP: 378394JZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1392621.90   | 0.07%             | 2030-08-01      | Fixed         | 2.27%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                               | State of Louisiana, Series C-1                                                        | CUSIP: 546417DW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3710000 | PA      | $3305701.27   | 0.18%             | 2031-06-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| Marshfield Clinic Health System, Inc.                                            | Marshfield Clinic Health System, Inc., Series 2024                                    | CUSIP: 57284PAD3<br>LEI: 2549003O8PPHLLPAKT93 | Long             | DBT              | CORP              | US        |   9000000 | PA      | $9251005.77   | 0.49%             | 2034-02-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | Colorado Housing and Finance Authority, Series H-1, Class I                           | CUSIP: 19648GH88<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5355572.50   | 0.28%             | 2055-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series B                                           | CUSIP: 34061QBV8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2276704.75   | 0.12%             | 2032-02-01      | Fixed         | 3.22%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Series G-3                              | CUSIP: 64972JHD3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3362143.20   | 0.18%             | 2035-05-01      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Texarkana School District No. 7                                                  | Texarkana School District No. 7                                                       | CUSIP: 881779VZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3235000 | PA      | $2178043.98   | 0.12%             | 2044-02-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | Illinois Housing Development Authority, Series B                                      | CUSIP: 45203MM57<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2502636.78   | 0.13%             | 2034-10-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District                                           | Los Angeles Community College District                                                | CUSIP: 54438CYP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2171112.83   | 0.12%             | 2032-08-01      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| County of King Sewer                                                             | County of King, Series A                                                              | CUSIP: 495290DX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1569931.79   | 0.08%             | 2034-07-01      | Fixed         | 2.09%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                                | City of Charlotte                                                                     | CUSIP: 1610376G6<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3277730.31   | 0.17%             | 2037-06-01      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| Charter Oak Unified School District                                              | Charter Oak Unified School District                                                   | CUSIP: 161285SK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1141166.87   | 0.06%             | 2034-08-01      | Fixed         | 2.48%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports Customer Facility Charge              | City of Los Angeles Department of Airports Customer Facility Charge, Series A         | CUSIP: 54445CAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5410000 | PA      | $5156590.19   | 0.27%             | 2032-05-15      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas Transportation Commission                                              | CUSIP: 882724QP5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $1891416.15   | 0.10%             | 2044-04-01      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                  | City of Oakland, Series A-2                                                           | CUSIP: 672240YY8<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071159.40   | 0.06%             | 2031-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Series G-3                              | CUSIP: 64972JHC5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2593392.00   | 0.14%             | 2034-05-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Port of Morrow                                                                   | Port of Morrow                                                                        | CUSIP: 73474TAV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4138047.60   | 0.22%             | 2030-09-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                | Iowa Student Loan Liquidity Corp., Series A                                           | CUSIP: 462590PL8<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   1730000 | PA      | $1768440.25   | 0.09%             | 2035-12-01      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Series G-2                              | CUSIP: 64972JHA9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5182401.00   | 0.27%             | 2032-05-01      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank                                 | CUSIP: 13034AE48<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2870546.00   | 0.15%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Housing Finance Corp.                                                    | Florida Housing Finance Corp., Series 2                                               | CUSIP: 34074M2S9<br>LEI: 549300W0PCIJCI0JCF10 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2383662.94   | 0.13%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Port Authority                                                     | Massachusetts Port Authority, Series C                                                | CUSIP: 575896WK7<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1429347.56   | 0.08%             | 2031-07-01      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                             | San Diego Community College District, Series A-2                                      | CUSIP: 797272TL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1335388.98   | 0.07%             | 2031-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                               | Utah Housing Corp., Series J                                                          | CUSIP: 917437QL2<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2655000 | PA      | $2789782.93   | 0.15%             | 2055-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Public Works Financing Authority                              | Los Angeles County Public Works Financing Authority, Series B                         | CUSIP: 54473ENS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4025000 | PA      | $4835642.25   | 0.26%             | 2040-08-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3195000 | PA      | $3348993.57   | 0.18%             | 2036-04-01      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $680017.76    | 0.04%             | 2030-11-01      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| Oglethorpe Power Corp.                                                           | Oglethorpe Power Corp.                                                                | CUSIP: 67704LAA9<br>LEI: 3EERXCUSWMS9GV5D9M98 | Long             | DBT              | MUN               | US        |  11595000 | PA      | $12155708.69  | 0.64%             | 2035-01-01      | Fixed         | 5.53%                 | Yes           |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | Colorado Housing and Finance Authority, Series G-1, Class I                           | CUSIP: 19648GA93<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3242960.40   | 0.17%             | 2055-11-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Series B                                                              | CUSIP: 882724XZ5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2417727.60   | 0.13%             | 2038-10-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                             | San Diego Community College District, Series B                                        | CUSIP: 797272RG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2534933.40   | 0.13%             | 2041-08-01      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu                                                        | City & County of Honolulu, Series D                                                   | CUSIP: 4386706C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1905950.38   | 0.10%             | 2030-10-01      | Fixed         | 3.07%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KKC2<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   3805000 | PA      | $3603883.30   | 0.19%             | 2030-07-01      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                   | Sales Tax Securitization Corp., Series B                                              | CUSIP: 79467BGA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5450000 | PA      | $5602141.66   | 0.30%             | 2031-01-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2727865.92   | 0.14%             | 2038-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission                                       | City of Chicago, Series B                                                             | CUSIP: 167727XA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $6186560.60   | 0.33%             | 2040-01-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $862167.02    | 0.05%             | 2031-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                                         | JobsOhio Beverage System                                                              | CUSIP: 47770VBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11265000 | PA      | $11458933.73  | 0.61%             | 2033-01-01      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | New York State Energy Research & Development Authority, Series A                      | CUSIP: 64985VBM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    865000 | PA      | $885446.70    | 0.05%             | 2033-04-01      | Fixed         | 6.46%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California, Series B                                                         | CUSIP: 13063EBP0<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3145117.50   | 0.17%             | 2029-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | California State Public Works Board, Series B                                         | CUSIP: 13068XLP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4150372.80   | 0.22%             | 2032-04-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | Los Angeles Unified School District, Series A                                         | CUSIP: 544647LL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3175000 | PA      | $3291180.55   | 0.17%             | 2037-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp.                       | Tarrant County Cultural Education Facilities Finance Corp.                            | CUSIP: 87638QRG6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1141486.44   | 0.06%             | 2035-09-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2105501.45   | 0.11%             | 2035-11-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| President and Fellows of Harvard College                                         | President and Fellows of Harvard College                                              | CUSIP: 740816AD5<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   1205000 | PA      | $1287686.58   | 0.07%             | 2038-10-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois                                                                     | CUSIP: 452227JN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21770668 | PA      | $21660491.41  | 1.15%             | 2038-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | Metropolitan Pier & Exposition Authority, Series B                                    | CUSIP: 59225CAX6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  12380000 | PA      | $13305137.59  | 0.71%             | 2033-06-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $502561.87    | 0.03%             | 2029-11-01      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Series F                                                              | CUSIP: 882725CH5<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044423.60   | 0.11%             | 2036-08-01      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| California Public Finance Authority                                              | California Public Finance Authority, Series B                                         | CUSIP: 13057EJM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $8064286.53   | 0.43%             | 2034-06-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | Alameda Corridor Transportation Authority, Series C                                   | CUSIP: 010869CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $11696314.50  | 0.62%             | 2033-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | County of Miami-Dade Seaport Department, Series A-3                                   | CUSIP: 59335KCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3494789.20   | 0.19%             | 2032-10-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series C                                     | CUSIP: 2350368H6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4300000 | PA      | $3801573.67   | 0.20%             | 2033-11-01      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| Port Arthur Independent School District                                          | Port Arthur Independent School District, Series A                                     | CUSIP: 733505UH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2352336.90   | 0.12%             | 2038-02-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Maryland Department of Housing & Community Development                           | Maryland Department of Housing & Community Development, Series D                      | CUSIP: 57419UVH8<br>LEI: 549300Q5BSL77YR7NP93 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5674233.95   | 0.30%             | 2055-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series A                                               | CUSIP: 576004HE8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  11225000 | PA      | $11222409.27  | 0.59%             | 2029-07-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | State of Oregon, Series C                                                             | CUSIP: 68609TP51<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $903344.50    | 0.05%             | 2031-05-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series FZ                                                            | CUSIP: 419792ZD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $2657791.55   | 0.14%             | 2038-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | Illinois Housing Development Authority, Series B                                      | CUSIP: 45203MM65<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2355222.66   | 0.12%             | 2035-04-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp.                                     | Kentucky Higher Education Student Loan Corp., Series A-2                              | CUSIP: 49130NGX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4959859.75   | 0.26%             | 2033-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| City of Columbus                                                                 | City of Columbus, Series D                                                            | CUSIP: 1994922A6<br>LEI: 254900NS3ODS0FZ3AM48 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1115231.14   | 0.06%             | 2035-04-01      | Fixed         | 4.02%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1698692.82   | 0.09%             | 2039-11-01      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority Future Tax Secured, Series D-3           | CUSIP: 64971XUX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6633010.50   | 0.35%             | 2032-11-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| South Carolina Student Loan Corp.                                                | South Carolina Student Loan Corp., Series A                                           | CUSIP: 83715AAZ2<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5157423.73   | 0.27%             | 2036-12-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Contra Costa Transportation Authority Sales Tax                                  | Contra Costa Transportation Authority Sales Tax, Series B                             | CUSIP: 21221MGL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1353091.93   | 0.07%             | 2034-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia Water & Wastewater                                          | City of Philadelphia, Series B                                                        | CUSIP: 717893R86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909333.70    | 0.05%             | 2031-11-01      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                | Iowa Student Loan Liquidity Corp., Series A                                           | CUSIP: 462590NZ9<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3261584.00   | 0.17%             | 2034-12-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                             | Massachusetts Housing Finance Agency, Series 240                                      | CUSIP: 57587GT62<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5302156.00   | 0.28%             | 2054-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KTM1<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7213318.70   | 0.38%             | 2030-05-15      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| Mansfield Independent School District                                            | Mansfield Independent School District                                                 | CUSIP: 564386SF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1627083.00   | 0.09%             | 2036-02-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Advocate Health & Hospitals Corp.                                                | Advocate Health & Hospitals Corp.                                                     | CUSIP: 007589AA2<br>LEI: 549300AEHU3PPOUCIL87 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1582709.66   | 0.08%             | 2028-08-15      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| University of Pittsburgh-of the Commonwealth System of Higher Education          | University of Pittsburgh-of the Commonwealth System of Higher Education, Series C     | CUSIP: 91335VKT2<br>LEI: 5493002C83QSGL8ETT42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1777768.40   | 0.09%             | 2033-09-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | City of San Antonio, Series A                                                         | CUSIP: 79625GNB5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $11277015.75  | 0.60%             | 2045-02-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5105000 | PA      | $5354969.90   | 0.28%             | 2037-04-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | State of New Jersey, Series A                                                         | CUSIP: 646039YF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5180000 | PA      | $4756054.30   | 0.25%             | 2033-06-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                    | Sumter Landing Community Development District                                         | CUSIP: 86657MCD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1299298.63   | 0.07%             | 2032-10-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency Homeowner Mortgage                             | State of New York Mortgage Agency Homeowner Mortgage, Series 268                      | CUSIP: 64988YJ99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6368987.40   | 0.34%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association, Series E                                         | CUSIP: 45130BEQ2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $14575388.40  | 0.77%             | 2056-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series A                                    | CUSIP: 63610HAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  22200000 | PA      | $23533860.36  | 1.25%             | 2034-04-01      | Fixed         | 6.89%                 | Yes           |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series D-2                                                          | CUSIP: 64966QJL5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2240485.80   | 0.12%             | 2030-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                                | City of Charlotte                                                                     | CUSIP: 1610376L5<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2922534.72   | 0.15%             | 2041-06-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series H                                                            | CUSIP: 64966SNE2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4784793.75   | 0.25%             | 2038-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California                                                                   | CUSIP: 13063EHV1<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3663834.65   | 0.19%             | 2035-09-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                               | Utah Housing Corp., Series I                                                          | CUSIP: 917437XK6<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1203658.06   | 0.06%             | 2037-01-01      | Fixed         | 5.36%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BKQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1683184.54   | 0.09%             | 2034-10-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| County of Bexar                                                                  | County of Bexar                                                                       | CUSIP: 088518PD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2409651.80   | 0.13%             | 2034-08-15      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California                                                                   | CUSIP: 13063D7G7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4213888.00   | 0.22%             | 2041-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521803.60    | 0.03%             | 2035-04-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                    | Sumter Landing Community Development District                                         | CUSIP: 86657MCC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1557575.70   | 0.08%             | 2031-10-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series E                                               | CUSIP: 57582R4K9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9544088.70   | 0.51%             | 2029-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KQN2<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4625937.56   | 0.25%             | 2030-06-15      | Fixed         | 4.06%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4323.33      | 0.00%             | 2033-09-01      | Fixed         | 2.26%                 | No            |                  2 | On Loan: No      |
| Port of Morrow                                                                   | Port of Morrow, Series 1                                                              | CUSIP: 73474TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6001000 | PA      | $5316159.88   | 0.28%             | 2036-09-01      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series D                                              | CUSIP: 09182TFT9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5850000 | PA      | $6351002.19   | 0.34%             | 2055-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | Massachusetts Water Resources Authority, Series E                                     | CUSIP: 576051VK9<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   2015000 | PA      | $1906595.42   | 0.10%             | 2029-08-01      | Fixed         | 2.32%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                               | City of Springdale, Series A                                                          | CUSIP: 850269EX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2159948.70   | 0.11%             | 2031-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp.                                     | Kentucky Higher Education Student Loan Corp., Series A-2                              | CUSIP: 49130NHA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4195280.40   | 0.22%             | 2040-06-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                       | Intermountain Power Agency, Series B                                                  | CUSIP: 45884AG98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1066680.46   | 0.06%             | 2031-07-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority             | Metropolitan Government Nashville & Davidson County Sports Authority, Series D        | CUSIP: 592090LT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1690514.72   | 0.09%             | 2031-07-01      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | New York State Energy Research & Development Authority, Series A                      | CUSIP: 64985VBN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513157.40    | 0.03%             | 2034-04-01      | Fixed         | 6.51%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                             | State of Mississippi, Series A                                                        | CUSIP: 605581NG8<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $7918938.00   | 0.42%             | 2031-11-01      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| Spokane Public Facilities District                                               | Spokane Public Facilities District, Series A                                          | CUSIP: 84908AAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2131175.50   | 0.11%             | 2035-12-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                              | City of Los Angeles, Series A                                                         | CUSIP: 544351RR2<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   7295000 | PA      | $7877951.47   | 0.42%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Joaquin Hills Transportation Corridor Agency                                 | San Joaquin Hills Transportation Corridor Agency, Series B                            | CUSIP: 798111HJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1191543.25   | 0.06%             | 2030-01-15      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series F                                                      | CUSIP: 46247EKF1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3513987.75   | 0.19%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | New Mexico Mortgage Finance Authority, Series B, Class I                              | CUSIP: 6472013R1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $1063358.69   | 0.06%             | 2056-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series D-3                                                          | CUSIP: 64966QKW9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $4914214.80   | 0.26%             | 2035-03-01      | Fixed         | 2.22%                 | No            |                  2 | On Loan: No      |
| Brookhaven Local Development Corp.                                               | Brookhaven Local Development Corp., Series B                                          | CUSIP: 113168BN7<br>LEI: 549300384JET720NAQ98 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1956472.02   | 0.10%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | County of Miami-Dade Seaport Department                                               | CUSIP: 59335KFK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3831301.64   | 0.20%             | 2032-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | California Health Facilities Financing Authority                                      | CUSIP: 13032UXR4<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2323930.25   | 0.12%             | 2029-06-01      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | New Hampshire Health and Education Facilities Authority Act, Series A                 | CUSIP: 64461XKC8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   5115000 | PA      | $4820941.72   | 0.26%             | 2044-11-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Wastewater System                                            | City of Los Angeles, Series B                                                         | CUSIP: 53945CLV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4245097.20   | 0.22%             | 2037-06-01      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series A                                               | CUSIP: 576004HF5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4987176.50   | 0.26%             | 2031-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | Massachusetts Educational Financing Authority, Series A                               | CUSIP: 57563RTM1<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |  12335000 | PA      | $12642327.76  | 0.67%             | 2044-07-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                             | State of Mississippi, Series B                                                        | CUSIP: 605581PH4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   2935000 | PA      | $2742731.38   | 0.15%             | 2029-06-01      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| City of Miami Beach                                                              | City of Miami Beach, Series B                                                         | CUSIP: 593201A71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2010000 | PA      | $2084361.56   | 0.11%             | 2038-05-01      | Fixed         | 5.26%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade                                                             | County of Miami-Dade, Series B                                                        | CUSIP: 59333PW38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1417726.80   | 0.08%             | 2032-10-01      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| Franklin County Convention Facilities Authority                                  | Franklin County Convention Facilities Authority, Series B                             | CUSIP: 353174JF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4795000 | PA      | $4322044.22   | 0.23%             | 2030-12-01      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                                                    | Sutter Health, Series 2025                                                            | CUSIP: 86944BAQ6<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5795880.42   | 0.31%             | 2035-08-15      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | Commonwealth Financing Authority, Series A                                            | CUSIP: 20281PKV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2153756.83   | 0.11%             | 2038-06-01      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | State of Oregon, Series B                                                             | CUSIP: 68609UNP6<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3694178.91   | 0.20%             | 2036-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois                                                                     | CUSIP: 452152ZB0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6949444 | PA      | $7260392.81   | 0.38%             | 2038-12-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| County of King                                                                   | County of King, Series C                                                              | CUSIP: 49474FZ37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1643870.48   | 0.09%             | 2034-12-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Lifespan Corp.                                                                   | Lifespan Corp., Series 2025                                                           | CUSIP: 53229UAA5<br>LEI: I9TGZUV477HZIKUP0045 | Long             | DBT              | CORP              | US        |   9195000 | PA      | $9287501.61   | 0.49%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1148984.86   | 0.06%             | 2036-11-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                               | State of Louisiana, Series A                                                          | CUSIP: 546486CC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1245429.22   | 0.07%             | 2032-06-15      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| County of King                                                                   | County of King, Series C                                                              | CUSIP: 49474FY95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1745669.48   | 0.09%             | 2032-12-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| Missouri Housing Development Commission                                          | Missouri Housing Development Commission, Series G                                     | CUSIP: 60637GNL9<br>LEI: 5493007FBL7WCV3NKY25 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4241337.60   | 0.22%             | 2056-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United Nations Development Corp.                                                 | United Nations Development Corp., Series A                                            | CUSIP: 911157MC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2215000 | PA      | $2388593.76   | 0.13%             | 2038-08-01      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | Commonwealth of Pennsylvania, Series 1                                                | CUSIP: 70914PX23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9520000 | PA      | $8593093.77   | 0.46%             | 2031-08-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax                             | Massachusetts Bay Transportation Authority, Series B                                  | CUSIP: 575579M53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7795000 | PA      | $7094439.97   | 0.38%             | 2031-07-01      | Fixed         | 2.23%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series D                                               | CUSIP: 57582RYN0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |  11989833 | PA      | $10187369.13  | 0.54%             | 2039-09-01      | Fixed         | 2.66%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                     | State of Oregon Department of Transportation, Series B                                | CUSIP: 68607DVH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1540836.18   | 0.08%             | 2031-11-15      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California                                                                   | CUSIP: 13063BJC7<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |  11250000 | PA      | $13931157.38  | 0.74%             | 2040-11-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| University of Chicago (The)                                                      | University of Chicago (The), Series 2024                                              | CUSIP: 91412NBK5<br>LEI: 54930099Y7GU6182V326 | Long             | DBT              | CORP              | US        |   7500000 | PA      | $7761077.93   | 0.41%             | 2031-04-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| City of Chicago                                                                  | City of Chicago, Series B                                                             | CUSIP: 167486ZR3<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3285991.63   | 0.17%             | 2033-01-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | Minnesota Housing Finance Agency, Series A                                            | CUSIP: 60416UQK4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   5540000 | PA      | $5851411.71   | 0.31%             | 2055-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association, Series A                                         | CUSIP: 45129Y7Q3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1296358.40   | 0.07%             | 2035-01-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                          | New York City Housing Development Corp., Class A                                      | CUSIP: 64966TGS7<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |  17850000 | PA      | $18287453.52  | 0.97%             | 2031-12-15      | Fixed         | 5.46%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series D                                                            | CUSIP: 64966SEP7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    230000 | PA      | $212103.49    | 0.01%             | 2029-08-01      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp.                                           | New York State Urban Development Corp., Series D                                      | CUSIP: 6500355Y0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   4990000 | PA      | $4912865.08   | 0.26%             | 2029-03-15      | Fixed         | 3.32%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series D                                               | CUSIP: 57582PWH9<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1497938.55   | 0.08%             | 2031-08-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | New York State Energy Research & Development Authority, Series A                      | CUSIP: 64985VBK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1527470.40   | 0.08%             | 2031-04-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| San Diego Community College District                                             | San Diego Community College District                                                  | CUSIP: 797272RT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3470000 | PA      | $3126618.52   | 0.17%             | 2031-08-01      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Anaheim Public Financing Authority                                               | Anaheim Public Financing Authority, Series A                                          | CUSIP: 03255LKH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2523592.12   | 0.13%             | 2033-07-01      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| Wake Forest University                                                           | Wake Forest University                                                                | CUSIP: 931009AE4<br>LEI: 549300Z4LAOI50A3D417 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3343857.34   | 0.18%             | 2032-01-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | State of New York, Series B                                                           | CUSIP: 649791RL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $842313.10    | 0.04%             | 2035-03-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| JobsOhio Beverage System                                                         | JobsOhio Beverage System, Series B                                                    | CUSIP: 47770VAZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12085000 | PA      | $12203069.24  | 0.65%             | 2035-01-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DTL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3854422.50   | 0.20%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp.                        | Harris County Cultural Education Facilities Finance Corp.                             | CUSIP: 414008CU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7600000 | PA      | $6733977.72   | 0.36%             | 2037-11-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| William S Hart Union High School District                                        | William S Hart Union High School District                                             | CUSIP: 969268DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2254559.10   | 0.12%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver Airport System                                           | City & County of Denver Airport System, Series C                                      | CUSIP: 249182PS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8020000 | PA      | $7383041.98   | 0.39%             | 2030-11-15      | Fixed         | 2.24%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series GN                                                            | CUSIP: 419792Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5108122.50   | 0.27%             | 2037-10-01      | Fixed         | 4.94%                 | No            |                  2 | On Loan: No      |
| Via Metropolitan Transit Advanced Transportation District                        | Via Metropolitan Transit Advanced Transportation District                             | CUSIP: 92555FCN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $803899.40    | 0.04%             | 2038-08-01      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                  | City of Oakland, Series A-2                                                           | CUSIP: 672240ZC5<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   4430000 | PA      | $4817201.94   | 0.26%             | 2035-07-15      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                               | State of Louisiana, Series A                                                          | CUSIP: 546475VS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2539816.20   | 0.13%             | 2038-05-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports Customer Facility Charge              | City of Los Angeles Department of Airports Customer Facility Charge, Series A         | CUSIP: 54445CAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8160000 | PA      | $7905731.14   | 0.42%             | 2030-05-15      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| County of Cook                                                                   | County of Cook, Series C                                                              | CUSIP: 2131835R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $835986.88    | 0.04%             | 2029-11-15      | Fixed         | 5.79%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                          | New York City Housing Development Corp., Class B                                      | CUSIP: 64966TGT5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8781498.75   | 0.47%             | 2031-12-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas                                                                        | CUSIP: 8827244A2<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3387299.83   | 0.18%             | 2036-10-01      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Airport Customer Facility Charge                                 | City of Atlanta, Series A                                                             | CUSIP: 047773AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033895.40   | 0.05%             | 2035-07-01      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas                                                                        | CUSIP: 882724RJ8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904032.40    | 0.05%             | 2033-10-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | Chicago Transit Authority, Series B                                                   | CUSIP: 16772PDA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4610000 | PA      | $4329549.27   | 0.23%             | 2032-12-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                        | Ohio Turnpike & Infrastructure Commission, Series A                                   | CUSIP: 67760HNG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1297095.45   | 0.07%             | 2036-02-15      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| UC Health LLC                                                                    | UC Health LLC, Series 2025                                                            | CUSIP: 90293HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12500000 | PA      | $13115152.75  | 0.70%             | 2035-08-01      | Fixed         | 5.86%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                               | Utah Housing Corp., Series F                                                          | CUSIP: 917437VG7<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2668891.25   | 0.14%             | 2055-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Brecksville-Broadview Heights City School District                               | Brecksville-Broadview Heights City School District                                    | CUSIP: 106691KT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2193506.28   | 0.12%             | 2047-12-01      | Fixed         | 3.51%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association, Series A                                         | CUSIP: 45129Y7Z3<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12608436.00  | 0.67%             | 2065-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                  | New York City Transitional Finance Authority Future Tax Secured, Series B-3           | CUSIP: 64971XMN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9180000 | PA      | $8303601.01   | 0.44%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KXL8<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1869129.90   | 0.10%             | 2033-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                  | City of Oakland, Series A-2                                                           | CUSIP: 672240YZ5<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   2580000 | PA      | $2787779.53   | 0.15%             | 2032-07-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | State of Rhode Island, Series B                                                       | CUSIP: 762223RE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1178059.31   | 0.06%             | 2030-05-01      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Hidalgo County Regional Mobility Authority                                       | Hidalgo County Regional Mobility Authority, Series B                                  | CUSIP: 429343BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2068525.92   | 0.11%             | 2032-12-01      | Fixed         | 2.08%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series A                                                   | CUSIP: 45506EDD2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1632128.20   | 0.09%             | 2038-03-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                         | CUSIP: 7092354P7<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031320.50   | 0.05%             | 2032-09-01      | Fixed         | 4.67%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series A                                       | CUSIP: 59259YBY4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   8085000 | PA      | $8921039.94   | 0.47%             | 2039-11-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| Pierce County School District No. 10                                             | Pierce County School District No. 10                                                  | CUSIP: 720424A75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $912708.02    | 0.05%             | 2039-12-01      | Fixed         | 2.36%                 | No            |                  2 | On Loan: No      |
| Chapman University                                                               | Chapman University, Series 2021                                                       | CUSIP: 15953PAF6<br>LEI: 549300TAU69ZJZ8QBL34 | Long             | DBT              | CORP              | US        |   2616000 | PA      | $2276684.40   | 0.12%             | 2031-04-01      | Fixed         | 2.07%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series D                                     | CUSIP: 544495VY7<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |  13485000 | PA      | $14583999.18  | 0.77%             | 2045-07-01      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                      | University of North Carolina at Chapel Hill                                           | CUSIP: 914713K68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1490402.99   | 0.08%             | 2034-12-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Rogers School District No. 30                                                    | Rogers School District No. 30                                                         | CUSIP: 775082ZS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034455.10   | 0.05%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                               | Utah Housing Corp., Series I                                                          | CUSIP: 917437XL4<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1215095.91   | 0.06%             | 2037-07-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                          | New York City Housing Development Corp., Class B                                      | CUSIP: 64966TGT5<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4545717.00   | 0.24%             | 2031-12-15      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                  | New York City Transitional Finance Authority Future Tax Secured, Series C-3           | CUSIP: 64971XJH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3871043.20   | 0.21%             | 2030-11-01      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | Triborough Bridge & Tunnel Authority, Series B                                        | CUSIP: 89602NUN2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6719934.35   | 0.36%             | 2039-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Sutter Health                                                                    | Sutter Health, Series 2025                                                            | CUSIP: 86944BAP8<br>LEI: 549300MJCC12LU768G81 | Long             | DBT              | CORP              | US        |  11000000 | PA      | $11426722.78  | 0.61%             | 2032-08-15      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                         | New York Power Authority, Series A                                                    | CUSIP: 64989KFD3<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   8280000 | PA      | $8926008.91   | 0.47%             | 2033-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series B                                          | CUSIP: 64985SNJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10238142.00  | 0.54%             | 2032-07-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| CommonSpirit Health                                                              | CommonSpirit Health                                                                   | CUSIP: 20268JBE2<br>LEI: 4SXHN5XW08IBO0UG2V58 | Long             | DBT              | CORP              | US        |  41000000 | PA      | $40854447.54  | 2.17%             | 2035-09-01      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | Illinois Housing Development Authority, Series B                                      | CUSIP: 45203MM73<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2332861.99   | 0.12%             | 2035-10-01      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority                                                       | Maryland Stadium Authority, Series C                                                  | CUSIP: 574296CH0<br>LEI: 549300VA283TTQRDNF71 | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1376644.65   | 0.07%             | 2031-05-01      | Fixed         | 2.21%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                          | Massachusetts Water Resources Authority, Series C                                     | CUSIP: 576051ZR0<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   6275000 | PA      | $5493627.59   | 0.29%             | 2033-08-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| County of Broward Airport System                                                 | County of Broward, Series C                                                           | CUSIP: 114894ZT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9255000 | PA      | $8410550.66   | 0.45%             | 2032-10-01      | Fixed         | 2.91%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | New Hampshire Health and Education Facilities Authority Act, Series A                 | CUSIP: 64461XKB0<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   3865000 | PA      | $3890421.26   | 0.21%             | 2034-11-01      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Stafford Municipal School District                                               | Stafford Municipal School District, Series B                                          | CUSIP: 852519LQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1669767.20   | 0.09%             | 2041-08-15      | Fixed         | 3.08%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1234123.70   | 0.07%             | 2034-11-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Toledo Hospital (The)                                                            | Toledo Hospital (The)                                                                 | CUSIP: 889184AD9<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |  10735000 | PA      | $10812950.59  | 0.57%             | 2038-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Connecticut Housing Finance Authority                                            | Connecticut Housing Finance Authority, Series A-2                                     | CUSIP: 20775H5P4<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8719438.55   | 0.46%             | 2055-05-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                         | Arizona Board of Regents, Series C                                                    | CUSIP: 040664HL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1564036.49   | 0.08%             | 2029-07-01      | Fixed         | 4.53%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series A                                     | CUSIP: 2350364Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $947148.00    | 0.05%             | 2029-11-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| City of Baltimore                                                                | City of Baltimore, Series B                                                           | CUSIP: 059189ZS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $949255.95    | 0.05%             | 2034-10-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                    | Sumter Landing Community Development District                                         | CUSIP: 86657MCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1564817.40   | 0.08%             | 2033-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                             | State of Mississippi, Series E                                                        | CUSIP: 605581QU4<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4330422.50   | 0.23%             | 2034-10-01      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                         | CUSIP: 7092354S1<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046040.90   | 0.06%             | 2035-09-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| County of Pierce                                                                 | County of Pierce, Series B                                                            | CUSIP: 720653QH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $807935.50    | 0.04%             | 2037-08-01      | Fixed         | 2.47%                 | No            |                  2 | On Loan: No      |
| Toll Road Investors Partnership II LP                                            | Toll Road Investors Partnership II LP                                                 | CUSIP: 88948ABT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10000000 | PA      | $3073364.10   | 0.16%             | 2041-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Caruthers Unified School District                                                | Caruthers Unified School District                                                     | CUSIP: 146816DH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1214521.40   | 0.06%             | 2044-08-01      | Fixed         | 3.21%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City                                                           | City of Salt Lake City, Series B                                                      | CUSIP: 79560TEC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3145128.88   | 0.17%             | 2032-04-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| County of Salt Lake Convention Hotel                                             | County of Salt Lake Convention Hotel                                                  | CUSIP: 79567VAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3505974.24   | 0.19%             | 2034-10-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                    | Massachusetts Educational Financing Authority, Series A                               | CUSIP: 57563RUF4<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |  35500000 | PA      | $36647111.50  | 1.94%             | 2050-07-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | Colorado Housing and Finance Authority, Series D-1, Class I                           | CUSIP: 19648GWC2<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $11211460.05  | 0.59%             | 2055-05-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Pittsburgh                                                               | City of Pittsburgh, Series B                                                          | CUSIP: 725209PD6<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1439301.11   | 0.08%             | 2029-09-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | Southern California Public Power Authority, Series A                                  | CUSIP: 842471CJ1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   6050000 | PA      | $6360374.08   | 0.34%             | 2032-07-01      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                         | CUSIP: 7092354M4<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1306223.23   | 0.07%             | 2030-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                         | CUSIP: 7092354Y8<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1329436.95   | 0.07%             | 2045-09-01      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series NNN                                 | CUSIP: 64577B8H0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1472269.20   | 0.08%             | 2031-06-15      | Fixed         | 3.77%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas                                                                        | CUSIP: 882724RG4<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $6935031.75   | 0.37%             | 2031-10-01      | Fixed         | 2.53%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KZQ5<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4373273.32   | 0.23%             | 2034-03-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series B                                     | CUSIP: 62620HHR6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1435570.67   | 0.08%             | 2033-07-01      | Fixed         | 5.89%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                                  | District of Columbia Income Tax, Series B                                             | CUSIP: 25477GXH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5550000 | PA      | $5716490.01   | 0.30%             | 2034-06-01      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association, Series B                                         | CUSIP: 45129Y5Q5<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   7510000 | PA      | $7983017.35   | 0.42%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| United Nations Development Corp.                                                 | United Nations Development Corp., Series A                                            | CUSIP: 911157MA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078070.40   | 0.06%             | 2036-08-01      | Fixed         | 5.66%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                                | Chicago Transit Authority Sales Tax Receipts Fund, Series B                           | CUSIP: 16772PCY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1997449.86   | 0.11%             | 2030-12-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Airport Customer Facility Charge                                 | City of Atlanta, Series A                                                             | CUSIP: 047773AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1335798.23   | 0.07%             | 2033-07-01      | Fixed         | 4.78%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                             | State of Mississippi, Series F                                                        | CUSIP: 6055805X3<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4199186.44   | 0.22%             | 2034-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Indiana Housing & Community Development Authority                                | Indiana Housing & Community Development Authority, Series B-3                         | CUSIP: 45505TY54<br>LEI: 549300QRKDYVNHT1OE86 | Long             | DBT              | MUN               | US        |   5655000 | PA      | $5963400.51   | 0.32%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                               | City of Springdale, Series A                                                          | CUSIP: 850269EY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2051118.60   | 0.11%             | 2032-08-01      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | Southern California Public Power Authority, Series A                                  | CUSIP: 842471BZ6<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1613637.56   | 0.09%             | 2032-07-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| State of California Department of Water Resources                                | State of California Department of Water Resources, Series BC                          | CUSIP: 13067WRM6<br>LEI: 549300X618YEC5LGBQ98 | Long             | DBT              | MUN               | US        |   2425000 | PA      | $1956649.08   | 0.10%             | 2034-12-01      | Fixed         | 1.77%                 | No            |                  2 | On Loan: No      |
| Western Minnesota Municipal Power Agency                                         | Western Minnesota Municipal Power Agency, Series A                                    | CUSIP: 958697KV5<br>LEI: 549300LFJK9CQSN2NJ11 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $965178.70    | 0.05%             | 2029-01-01      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series D                                                            | CUSIP: 64966SFB7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $1812239.33   | 0.10%             | 2031-08-01      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| Colony Community Development Corp.                                               | Colony Community Development Corp.                                                    | CUSIP: 19625DAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8785000 | PA      | $8689887.44   | 0.46%             | 2042-10-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| City of Lincoln Electric System                                                  | City of Lincoln, Series B                                                             | CUSIP: 534272M71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2676672.90   | 0.14%             | 2030-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| County of Howard                                                                 | County of Howard, Series E                                                            | CUSIP: 44256PYX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2633334.00   | 0.14%             | 2031-08-15      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                               | Utah Housing Corp., Series I                                                          | CUSIP: 917437XQ3<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4862809.80   | 0.26%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Bay Laurel Center Community Development District Water & Sewer                   | Bay Laurel Center Community Development District Water & Sewer, Series B              | CUSIP: 07244RBC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033663.80   | 0.05%             | 2042-09-01      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Erie City Water Authority                                                        | Erie City Water Authority, Series D                                                   | CUSIP: 295542TF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2945000 | PA      | $2665483.28   | 0.14%             | 2030-12-01      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | County of Miami-Dade Seaport Department                                               | CUSIP: 59335KFG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1216730.36   | 0.06%             | 2029-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California                                                                   | CUSIP: 13063D7E2<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8761343.20   | 0.46%             | 2031-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Virgin Islands Water & Power Authority                                           | Virgin Islands Water & Power Authority, Series C                                      | CUSIP: 927688FZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | VI        |   4000000 | PA      | $4342726.40   | 0.23%             | 2035-07-01      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| United Nations Development Corp.                                                 | United Nations Development Corp., Series A                                            | CUSIP: 911157MD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2797907.06   | 0.15%             | 2039-08-01      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| Foothill-De Anza Community College District                                      | Foothill-De Anza Community College District, Series E                                 | CUSIP: 345102LS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $955313.33    | 0.05%             | 2031-08-01      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank, Series B                       | CUSIP: 13034A6A3<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5058127.00   | 0.27%             | 2045-12-01      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority                                                            | CUSIP: 45204EC89<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2204159.18   | 0.12%             | 2030-08-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                       | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series C                  | CUSIP: 120827EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053432.70   | 0.06%             | 2031-07-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| City of Baltimore                                                                | City of Baltimore, Series B                                                           | CUSIP: 059189Q52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6455000 | PA      | $6559799.51   | 0.35%             | 2042-10-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                               | State of Wisconsin, Series 2                                                          | CUSIP: 97705MXF7<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $3931909.18   | 0.21%             | 2032-05-01      | Fixed         | 2.61%                 | No            |                  2 | On Loan: No      |
| City of Dallas Waterworks & Sewer System                                         | City of Dallas Waterworks & Sewer System, Series B                                    | CUSIP: 2354164C5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1974745.40   | 0.10%             | 2030-10-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Port of Morrow                                                                   | Port of Morrow                                                                        | CUSIP: 73474TAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10363204.00  | 0.55%             | 2031-09-01      | Fixed         | 4.84%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | State of New York, Series B                                                           | CUSIP: 649791PZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6108067.58   | 0.32%             | 2034-02-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | Minnesota Housing Finance Agency, Series V                                            | CUSIP: 60416UNH4<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010037.60   | 0.11%             | 2039-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series C                                     | CUSIP: 8371516W4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1693136.15   | 0.09%             | 2032-12-01      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | Oregon State Lottery, Series B                                                        | CUSIP: 68607V3Q6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2967542.70   | 0.16%             | 2031-04-01      | Fixed         | 3.82%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority | CUSIP: 54628CG30<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4524825 | PA      | $4627961.90   | 0.25%             | 2039-09-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series D                                                            | CUSIP: 64966SEN2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1138976.63   | 0.06%             | 2028-08-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                   | Sales Tax Securitization Corp., Series C                                              | CUSIP: 79467BAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2134847.88   | 0.11%             | 2028-01-01      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC Gold Pools, 30 Year                                                             | CUSIP: 3128MJGC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     17972 | PA      | $19087.19     | 0.00%             | 2037-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| San Jose Unified School District                                                 | San Jose Unified School District                                                      | CUSIP: 798186P89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1418452.55   | 0.08%             | 2033-08-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham (The)                                | Water Works Board of the City of Birmingham (The)                                     | CUSIP: 091096PG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6650000 | PA      | $5550907.95   | 0.29%             | 2036-01-01      | Fixed         | 2.51%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | California Housing Finance Agency, Series A                                           | CUSIP: 13034MBE3<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4252170.00   | 0.23%             | 2055-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | California Housing Finance Agency, Series B                                           | CUSIP: 13034MCG7<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6396142.20   | 0.34%             | 2056-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                         | CUSIP: 7092354R3<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567674.15   | 0.08%             | 2034-09-01      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| St Joseph County Redevelopment Authority                                         | St Joseph County Redevelopment Authority, Series B                                    | CUSIP: 79062DAX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048361.60   | 0.06%             | 2033-02-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series A                                      | CUSIP: 13048V4N5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    425000 | PA      | $425552.37    | 0.02%             | 2036-05-15      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured                  | New York City Transitional Finance Authority Future Tax Secured, Series D-3           | CUSIP: 64971X3M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6369829.80   | 0.34%             | 2035-11-01      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | Chicago Board of Education, Series C                                                  | CUSIP: 167505QK5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2046845.80   | 0.11%             | 2029-11-01      | Fixed         | 6.32%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                               | State of Tennessee, Series B                                                          | CUSIP: 880541G50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1615596.40   | 0.09%             | 2035-11-01      | Fixed         | 1.98%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | Alameda Corridor Transportation Authority, Series C                                   | CUSIP: 010869LL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10613959.00  | 0.56%             | 2029-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | Minnesota Housing Finance Agency, Series J                                            | CUSIP: 60416UDL6<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   2995000 | PA      | $3178332.64   | 0.17%             | 2054-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Higher Education Student Loan Corp.                                     | Kentucky Higher Education Student Loan Corp., Series A-2                              | CUSIP: 49130NGY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5245933.50   | 0.28%             | 2034-06-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series C                                     | CUSIP: 8371516X2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541137.65   | 0.08%             | 2033-12-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Tampa-Hillsborough County Expressway Authority                                   | Tampa-Hillsborough County Expressway Authority, Series B                              | CUSIP: 875301HS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4375000 | PA      | $3940689.81   | 0.21%             | 2031-07-01      | Fixed         | 2.14%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Airport Customer Facility Charge                                 | City of Atlanta, Series A                                                             | CUSIP: 047773AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1157568.72   | 0.06%             | 2036-07-01      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Cupertino Union School District                                                  | Cupertino Union School District                                                       | CUSIP: 231237P77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934656.60    | 0.05%             | 2031-08-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| United Nations Development Corp.                                                 | United Nations Development Corp., Series A                                            | CUSIP: 911157MB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1148830.41   | 0.06%             | 2037-08-01      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TX4<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $855328.50    | 0.05%             | 2033-12-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series H                                          | CUSIP: 6499022E2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6264657 | PA      | $6393166.85   | 0.34%             | 2033-03-15      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California                                                                   | CUSIP: 13063EBQ8<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2632681.00   | 0.14%             | 2034-09-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | State of Connecticut, Series A                                                        | CUSIP: 20772KZP7<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4415559.54   | 0.23%             | 2033-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series B                                          | CUSIP: 64985SFE8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  24000000 | PA      | $25471399.20  | 1.35%             | 2035-07-01      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | Ohio Higher Educational Facility Commission                                           | CUSIP: 677510CW7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068430.80   | 0.11%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Alameda                                                                | County of Alameda, Series B                                                           | CUSIP: 010878BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3014201.24   | 0.16%             | 2031-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Brecksville-Broadview Heights City School District                               | Brecksville-Broadview Heights City School District                                    | CUSIP: 106691KV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $2272082.25   | 0.12%             | 2049-12-01      | Fixed         | 3.56%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | Energy Northwest, Series B                                                            | CUSIP: 29270C4A0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2418741.03   | 0.13%             | 2032-07-01      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TV8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   4230000 | PA      | $3763387.43   | 0.20%             | 2031-12-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi Utility System                                            | City of Corpus Christi, Series B                                                      | CUSIP: 220245L44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2209747.75   | 0.12%             | 2032-07-15      | Fixed         | 2.17%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series B                                              | CUSIP: 09182TEW3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  14020000 | PA      | $14611366.40  | 0.77%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York                                                                | State of New York, Series B                                                           | CUSIP: 649791PY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5503216.80   | 0.29%             | 2033-02-15      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Oklahoma Municipal Power Authority                                               | Oklahoma Municipal Power Authority, Series B                                          | CUSIP: 67910HRW2<br>LEI: 54930074Q1M8747DCS20 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1172798.51   | 0.06%             | 2032-01-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | Idaho Housing & Finance Association, Series D                                         | CUSIP: 45130BDM2<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5337110.00   | 0.28%             | 2056-01-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| County of Ohio                                                                   | County of Ohio, Series A-1                                                            | CUSIP: 67732PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5530000 | PA      | $5964337.81   | 0.32%             | 2035-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 1-T                               | CUSIP: 93978T4L0<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2012556.55   | 0.11%             | 2053-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | Commonwealth of Massachusetts, Series E                                               | CUSIP: 57582R4M5<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5050000 | PA      | $5439749.41   | 0.29%             | 2031-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Midland                                                                  | City of Midland, Series A                                                             | CUSIP: 5977496L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1401065.15   | 0.07%             | 2031-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp.                                                               | Utah Housing Corp., Series D                                                          | CUSIP: 917437TY1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |   6465000 | PA      | $6937985.87   | 0.37%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                 | Park Creek Metropolitan District, Series B                                            | CUSIP: 700387HR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1734213.50   | 0.09%             | 2032-12-01      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series GJ                                                            | CUSIP: 419792G75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4255000 | PA      | $3822666.90   | 0.20%             | 2031-08-01      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                               | City of Springdale, Series A                                                          | CUSIP: 850269EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1176828.81   | 0.06%             | 2033-08-01      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | State of California                                                                   | CUSIP: 13063A5G5<br>LEI: 9845007J7054602FF597 | Long             | DBT              | MUN               | US        |  16310000 | PA      | $19951179.77  | 1.06%             | 2039-04-01      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | Oregon State Lottery, Series B                                                        | CUSIP: 68607V7B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1554407.25   | 0.08%             | 2033-04-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | Alameda Corridor Transportation Authority, Series B                                   | CUSIP: 010869LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $2964300.80   | 0.16%             | 2032-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Colorado Housing and Finance Authority                                           | Colorado Housing and Finance Authority, Series E-1                                    | CUSIP: 19648GMY5<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5608722.35   | 0.30%             | 2049-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DQL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $862327.30    | 0.05%             | 2032-11-01      | Fixed         | 1.99%                 | No            |                  2 | On Loan: No      |
| Los Angeles Community College District                                           | Los Angeles Community College District, Series B                                      | CUSIP: 54438CMS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6583698.00   | 0.35%             | 2029-08-01      | Fixed         | 7.53%                 | No            |                  2 | On Loan: No      |
| University of California                                                         | University of California, Series BU                                                   | CUSIP: 91412HRA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9343871.10   | 0.50%             | 2034-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Iowa Student Loan Liquidity Corp.                                                | Iowa Student Loan Liquidity Corp., Series A                                           | CUSIP: 462590PM6<br>LEI: 549300FO1LWVSZKGJK70 | Long             | DBT              | MUN               | US        |  17150000 | PA      | $17607050.93  | 0.93%             | 2045-12-01      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 5                                                           | CUSIP: 452152GS4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4942857 | PA      | $5458294.83   | 0.29%             | 2035-07-01      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Auth      | CUSIP: 54627RAT7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   5425000 | PA      | $5638613.72   | 0.30%             | 2039-12-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | Dallas Independent School District, Series B                                          | CUSIP: 235308E41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4875000 | PA      | $4470441.79   | 0.24%             | 2030-08-15      | Fixed         | 1.94%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | Alabama Federal Aid Highway Finance Authority, Series B                               | CUSIP: 010268ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3055000 | PA      | $2693556.84   | 0.14%             | 2032-09-01      | Fixed         | 2.16%                 | No            |                  2 | On Loan: No      |
| FHLMC                                                                            | FHLMC Gold Pools, 30 Year                                                             | CUSIP: 31335B6B7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     93648 | PA      | $90056.39     | 0.00%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Natural Gas Securitization Finance Corp.                                   | Texas Natural Gas Securitization Finance Corp., Series A-2                            | CUSIP: 88258MAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4780000 | PA      | $4915464.72   | 0.26%             | 2041-04-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas                                                                        | CUSIP: 8827243Z8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1458040.22   | 0.08%             | 2035-10-01      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| Orlando Health Obligated Group                                                   | Orlando Health Obligated Group                                                        | CUSIP: 686514AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2725000 | PA      | $2863709.09   | 0.15%             | 2035-10-01      | Fixed         | 5.47%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                          | Columbus Metropolitan Housing Authority                                               | CUSIP: 19951AAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3828887.25   | 0.20%             | 2028-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | Rhode Island Student Loan Authority, Series 1                                         | CUSIP: 762323DU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6091150.20   | 0.32%             | 2044-12-01      | Fixed         | 5.71%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Series A                                                              | CUSIP: 882722VP3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1858153.50   | 0.10%             | 2033-04-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | Dallas Fort Worth International Airport, Series C                                     | CUSIP: 2350366T2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2333941.18   | 0.12%             | 2031-11-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Chapman University                                                               | Chapman University, Series 2021                                                       | CUSIP: 15953PAD1<br>LEI: 549300TAU69ZJZ8QBL34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $917155.64    | 0.05%             | 2029-04-01      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| St Joseph County Redevelopment Authority                                         | St Joseph County Redevelopment Authority, Series B                                    | CUSIP: 79062DAT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1134617.16   | 0.06%             | 2031-02-01      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series D                                                            | CUSIP: 64966SEZ5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $990620.87    | 0.05%             | 2029-08-01      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| State of Tennessee                                                               | State of Tennessee, Series B                                                          | CUSIP: 880541G43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1238398.20   | 0.07%             | 2034-11-01      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series B                                                        | CUSIP: 25484JDK3<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1607603.25   | 0.09%             | 2035-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| North Hudson Sewerage Authority                                                  | North Hudson Sewerage Authority                                                       | CUSIP: 660043DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $936580.90    | 0.05%             | 2032-06-01      | Fixed         | 3.26%                 | No            |                  2 | On Loan: No      |
| Spokane Public Facilities District                                               | Spokane Public Facilities District, Series B                                          | CUSIP: 84908AAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $2784928.47   | 0.15%             | 2030-12-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                   | Sales Tax Securitization Corp., Series B                                              | CUSIP: 79467BFZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4376161.76   | 0.23%             | 2030-01-01      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas                                                                        | CUSIP: 882724U62<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5281816.53   | 0.28%             | 2035-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                              | City of Los Angeles, Series B                                                         | CUSIP: 53945CLS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2040000 | PA      | $2162051.57   | 0.11%             | 2034-06-01      | Fixed         | 5.29%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp.                                                   | Sales Tax Securitization Corp., Series B                                              | CUSIP: 79467BDK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $996511.00    | 0.05%             | 2043-01-01      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | New Jersey Turnpike Authority, Series B                                               | CUSIP: 646140DS9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   3485000 | PA      | $3265952.76   | 0.17%             | 2029-01-01      | Fixed         | 1.71%                 | No            |                  2 | On Loan: No      |
| San Jose Evergreen Community College District                                    | San Jose Evergreen Community College District, Series B                               | CUSIP: 798189HD1<br>LEI: 5493006H31JIFYW6Z091 | Long             | DBT              | MUN               | US        |   4905000 | PA      | $4881461.40   | 0.26%             | 2043-07-01      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| Reading Area Water Authority                                                     | Reading Area Water Authority                                                          | CUSIP: 755562DX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $2613580.64   | 0.14%             | 2036-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series GC                                                            | CUSIP: 419792ZS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $4956321.70   | 0.26%             | 2030-10-01      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas                                                                        | CUSIP: 8827244C8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3388528.98   | 0.18%             | 2038-10-01      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| Sumter Landing Community Development District                                    | Sumter Landing Community Development District                                         | CUSIP: 86657MCB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1756245.01   | 0.09%             | 2030-10-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                         | CUSIP: 7092354W2<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1981988.91   | 0.11%             | 2039-09-01      | Fixed         | 5.31%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority                                              | CUSIP: 04052BKP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1073829.63   | 0.06%             | 2029-10-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| City of Atlanta Airport Customer Facility Charge                                 | City of Atlanta, Series A                                                             | CUSIP: 047773AM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2247971.57   | 0.12%             | 2037-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Antelope Valley Community College District                                       | Antelope Valley Community College District                                            | CUSIP: 03667PGF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1272771.15   | 0.07%             | 2036-08-01      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                                  | District of Columbia Income Tax, Series B                                             | CUSIP: 25477GWW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $9304534.80   | 0.49%             | 2032-05-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Santa Monica-Malibu Unified School District                                      | Santa Monica-Malibu Unified School District                                           | CUSIP: 802498WA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2510000 | PA      | $2248727.83   | 0.12%             | 2030-07-01      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| City of Charlotte                                                                | City of Charlotte                                                                     | CUSIP: 1610376F8<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2981850.19   | 0.16%             | 2036-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                   | American Municipal Power, Inc., Series A                                              | CUSIP: 02765UEH3<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   6620000 | PA      | $7729148.56   | 0.41%             | 2033-02-15      | Fixed         | 7.73%                 | No            |                  2 | On Loan: No      |
| City of Springdale Sales & Use Tax                                               | City of Springdale, Series A                                                          | CUSIP: 850269EV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3445333.28   | 0.18%             | 2029-08-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| County of Ohio Special District Excise Tax                                       | County of Ohio Special District Excise Tax, Series A                                  | CUSIP: 67732PDW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2201160.15   | 0.12%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | Alameda Corridor Transportation Authority, Series B                                   | CUSIP: 010869JB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5590000 | PA      | $4242931.86   | 0.22%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TW6<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   2035000 | PA      | $1776794.93   | 0.09%             | 2032-12-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                   | University of Massachusetts Building Authority, Series 2                              | CUSIP: 914440UU4<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   2495000 | PA      | $2366884.00   | 0.13%             | 2034-11-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series B                                                           | CUSIP: 452152QW4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6950000 | PA      | $7170911.31   | 0.38%             | 2038-04-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | California Infrastructure & Economic Development Bank, Series A                       | CUSIP: 13034AM72<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1585839.18   | 0.08%             | 2034-10-01      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| GNMA                                                                             | GNMA I, 30 Year                                                                       | CUSIP: 36225BMZ8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     37328 | PA      | $38466.73     | 0.00%             | 2031-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Series F                                                              | CUSIP: 882725CJ1<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   4735000 | PA      | $4844192.41   | 0.26%             | 2037-08-01      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| Farmville Industrial Development Authority                                       | Farmville Industrial Development Authority, Series B                                  | CUSIP: 311617BD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $1832936.07   | 0.10%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                              | City of Los Angeles, Series B                                                         | CUSIP: 53945CLT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3615000 | PA      | $3839881.56   | 0.20%             | 2035-06-01      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| American Municipal Power, Inc.                                                   | American Municipal Power, Inc., Series B                                              | CUSIP: 02765UDC5<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |   4455000 | PA      | $4783196.29   | 0.25%             | 2032-02-15      | Fixed         | 6.42%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | Minnesota Housing Finance Agency, Series A                                            | CUSIP: 60416QJA3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   4960819 | PA      | $3769089.06   | 0.20%             | 2051-02-01      | Fixed         | 1.58%                 | No            |                  2 | On Loan: No      |
| PeaceHealth Obligated Group                                                      | PeaceHealth Obligated Group                                                           | CUSIP: 70462GAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6067467.60   | 0.32%             | 2032-11-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 3                                                           | CUSIP: 452152FA4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10938462 | PA      | $11734844.98  | 0.62%             | 2035-04-01      | Fixed         | 6.72%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax                                                      | State of Illinois Sales Tax                                                           | CUSIP: 452227GK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3095208.92   | 0.16%             | 2029-06-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                          | County of Miami-Dade Seaport Department, Series A-3                                   | CUSIP: 59335KCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6940000 | PA      | $6172745.52   | 0.33%             | 2031-10-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                           | Utah Transit Authority                                                                | CUSIP: 917567GG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4360000 | PA      | $3875494.56   | 0.21%             | 2032-12-15      | Fixed         | 2.29%                 | No            |                  2 | On Loan: No      |
| Port of Oakland                                                                  | Port of Oakland, Series R                                                             | CUSIP: 735000TS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2296003 | PA      | $2116942.86   | 0.11%             | 2030-05-01      | Fixed         | 2.10%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | California State University, Series B                                                 | CUSIP: 13077DWW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2085339.33   | 0.11%             | 2038-11-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| San Ramon Valley Unified School District/CA                                      | San Ramon Valley Unified School District                                              | CUSIP: 7994082L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $2634553.36   | 0.14%             | 2031-08-01      | Fixed         | 2.01%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | Dallas Area Rapid Transit, Series C                                                   | CUSIP: 235241TU0<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3466376.80   | 0.18%             | 2030-12-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Series B                                                              | CUSIP: 882724XR3<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3643547.60   | 0.19%             | 2030-10-01      | Fixed         | 1.84%                 | No            |                  2 | On Loan: No      |
| County of Bexar                                                                  | County of Bexar                                                                       | CUSIP: 088518PC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $871534.40    | 0.05%             | 2033-08-15      | Fixed         | 2.43%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series GC                                                            | CUSIP: 419792ZT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5315066.40   | 0.28%             | 2031-10-01      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles                                                              | City of Los Angeles, Series B                                                         | CUSIP: 53945CLU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3925000 | PA      | $4172051.28   | 0.22%             | 2036-06-01      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                        | Tri-County Metropolitan Transportation District of Oregon, Series B                   | CUSIP: 89546RTE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $1781956.89   | 0.09%             | 2036-09-01      | Fixed         | 2.58%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                   | State of Texas, Series F                                                              | CUSIP: 882725CK8<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2045958.60   | 0.11%             | 2038-08-01      | Fixed         | 4.81%                 | No            |                  2 | On Loan: No      |
| South Carolina Student Loan Corp.                                                | South Carolina Student Loan Corp., Series A                                           | CUSIP: 83715ABA6<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992062.00    | 0.05%             | 2046-12-01      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | New York State Energy Research & Development Authority, Series A                      | CUSIP: 64985VBL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020979.70   | 0.05%             | 2032-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Marin Community College District                                                 | Marin Community College District, Series B                                            | CUSIP: 56781RLA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2092459.92   | 0.11%             | 2032-08-01      | Fixed         | 1.89%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series C                                       | CUSIP: 59259NZH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6105000 | PA      | $7268503.72   | 0.39%             | 2039-11-15      | Fixed         | 7.34%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority             | Metropolitan Government Nashville & Davidson County Sports Authority, Series D        | CUSIP: 592090LS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050366.00   | 0.06%             | 2030-07-01      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Transportation Commission                              | San Diego County Regional Transportation Commission, Series A                         | CUSIP: 797400LH9<br>LEI: W4FR340A6EQ2SSI17B56 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1476040.68   | 0.08%             | 2030-04-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | State of Hawaii, Series GD                                                            | CUSIP: 419792C53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1628663.20   | 0.09%             | 2038-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | U.S. Treasury 10 Year Ultra Bonds                                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |      -204 | NC      | $-328469.79   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Kentucky Housing Corp.                                                           | Kentucky Housing Corp., Series D                                                      | CUSIP: 491309NP1<br>LEI: 549300NTBUU903EKQ287 | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2207105.85   | 0.12%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| City of Oakland                                                                  | City of Oakland, Series A-2                                                           | CUSIP: 672240ZB7<br>LEI: 549300BRTTFKDQCGL048 | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4570585.64   | 0.24%             | 2034-07-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | State of Oregon, Series B                                                             | CUSIP: 68609UNQ4<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |   3190000 | PA      | $3408111.15   | 0.18%             | 2037-05-01      | Fixed         | 5.42%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu Wastewater System                                         | City & County Honolulu, Series A                                                      | CUSIP: 438701Z56<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3080000 | PA      | $2725000.12   | 0.14%             | 2031-07-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Johns Hopkins University                                                         | Johns Hopkins University, Series A                                                    | CUSIP: 478115AE8<br>LEI: 549300Z1XKWYKTIOM958 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2064393.25   | 0.11%             | 2030-07-01      | Fixed         | 1.97%                 | No            |                  2 | On Loan: No      |
| Chaffey Joint Union High School District                                         | Chaffey Joint Union High School District                                              | CUSIP: 157411TS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2079264.00   | 0.11%             | 2031-08-01      | Fixed         | 2.87%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax                                                  | District of Columbia Income Tax, Series B                                             | CUSIP: 25477GWV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10528841.00  | 0.56%             | 2031-05-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | District of Columbia, Series B                                                        | CUSIP: 25483VC85<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   7240000 | PA      | $8448438.54   | 0.45%             | 2035-10-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| City of Miramar                                                                  | City of Miramar                                                                       | CUSIP: 604633BL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2018029.87   | 0.11%             | 2035-10-01      | Fixed         | 2.54%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | Michigan State Building Authority, Series II                                          | CUSIP: 594615HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $849423.30    | 0.05%             | 2033-10-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| City of San Antonio                                                              | City of San Antonio                                                                   | CUSIP: 79623PQQ1<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4010548.40   | 0.21%             | 2026-02-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | North Dakota Housing Finance Agency, Series B                                         | CUSIP: 6589096Y7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2537255.71   | 0.13%             | 2054-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania State University (The)                                              | Pennsylvania State University (The), Series B                                         | CUSIP: 7092354T9<br>LEI: 549300QDK4O4XCJ47X56 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1809333.87   | 0.10%             | 2036-09-01      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| City of New York                                                                 | City of New York, Series C-1                                                          | CUSIP: 64966H4K3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4220000 | PA      | $4362230.88   | 0.23%             | 2037-10-01      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                   | University of Massachusetts Building Authority, Series 2                              | CUSIP: 914440LJ9<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   4260000 | PA      | $4385788.43   | 0.23%             | 2040-11-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Texas State Affordable Housing Corp.                                             | Texas State Affordable Housing Corp., Series B                                        | CUSIP: 88271HKJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2904636.72   | 0.15%             | 2054-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| San Diego Public Facilities Financing Authority                                  | San Diego Public Facilities Financing Authority, Series B                             | CUSIP: 79730CJR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $890627.50    | 0.05%             | 2032-08-01      | Fixed         | 2.33%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | New York State Energy Research & Development Authority, Series A                      | CUSIP: 64985VBJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2534221.00   | 0.13%             | 2030-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| President and Fellows of Harvard College                                         | President and Fellows of Harvard College                                              | CUSIP: 740816AS2<br>LEI: 6S3X7J22E861RNTJSA74 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4649527.62   | 0.25%             | 2030-03-15      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Sports Authority             | Metropolitan Government Nashville & Davidson County Sports Authority, Series D        | CUSIP: 592090LV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1650609.57   | 0.09%             | 2033-07-01      | Fixed         | 5.17%                 | No            |                  2 | On Loan: No      |
| County of King                                                                   | County of King, Series C                                                              | CUSIP: 49474FY87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1687008.16   | 0.09%             | 2031-12-01      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| Trustees of Princeton University (The)                                           | Trustees of Princeton University (The)                                                | CUSIP: 89837LAJ4<br>LEI: 549300PJZYINN64GDJ90 | Long             | DBT              | CORP              | US        |   4975000 | PA      | $5101535.49   | 0.27%             | 2030-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Long Beach Community College District                                            | Long Beach Community College District, Series H                                       | CUSIP: 542411NR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4870000 | PA      | $4498176.96   | 0.24%             | 2031-08-01      | Fixed         | 2.59%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia                                                             | City of Philadelphia, Series B                                                        | CUSIP: 717813E21<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2588729.00   | 0.14%             | 2031-08-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp.                                    | Rhode Island Housing & Mortgage Finance Corp., Series 85-T                            | CUSIP: 76221SJP7<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |   3155000 | PA      | $3352112.10   | 0.18%             | 2053-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** NEW YORK LIFE INVESTMENTS FUNDS

**Signature:** Jack Benintende

**Name of Signer:** Jack Benintende

**Title:** Treasurer