# EDGAR Filing Document

**Accession Number:** 0001364924
**File Stem:** 0000035402-25-001484
**Filing Date:** 2025-10
**Character Count:** 770086
**Document Hash:** cc80471f49c01ccb6a2bd4a700ba27bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000035402-25-001484.hdr.sgml**: 20251028

**ACCESSION NUMBER**: 0000035402-25-001484

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251028

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Fidelity Rutland Square Trust II
- **CENTRAL INDEX KEY:** 0001364924

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21991
- **FILM NUMBER:** 251424547

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Strategic Advisers Tax-Sensitive Short Duration Fund (Series ID: S000060103)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000196739 | Strategic Advisers Tax-Sensitive Short Duration Fund | FGNSX           |

## Nport-Ex

**Quarterly Holdings Report**

**for**

**Strategic Advisers® Tax-Sensitive Short Duration Fund**

*Offered exclusively to certain managed account clients of Strategic Advisers LLC or its affiliates - not available for sale to the general public*

**August 31, 2025**

TSS-NPRT1-1025

1.9885907.107 ---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Fixed-Income Funds - 10.6%** | &nbsp;&nbsp;**Fixed-Income Funds - 10.6%** | &nbsp;&nbsp;**Fixed-Income Funds - 10.6%** |
|  | Shares | Value ($)<br>|
| Federated Hermes Municipal Ultrashort Fund Institutional Shares  | 6574934 | 66012338 |
| JPMorgan Ultra-Short Municipal Inc ETF  | 1417846 | 72395217 |
| Vanguard Ultra Short-Term Tax-Exempt Fund Class Admiral  | 13585509 | 215737884 |
| <br> **TOTAL FIXED-INCOME FUNDS**<br> (Cost $354,235,552) |  | **354145439** |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Municipal Securities - 85.4%** | &nbsp;&nbsp;**Municipal Securities - 85.4%** | &nbsp;&nbsp;**Municipal Securities - 85.4%** |
|  | Principal<br> Amount (a)<br>| Value ($)<br>|
| Alabama - 3.3%  |  |  |
| Education - 0.0% |  |  |
| University South AL Univ Rev Series 2021, 4% 4/1/2026  | 500000 | 504262 |
| Electric Utilities - 0.4% |  |  |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) 3.78% tender 6/1/2034 (b) | 740000 | 742961 |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) Series 2007 A, 3.375% tender 6/1/2034 (b) | 235000 | 238684 |
| Mobile AL Indl Dev Board Poll Cont Rev (Alabama Power & Light Proj.) Series 2008, 3.3% tender 7/15/2034 (b) | 12000000 | 12031404 |
|  |  | 13013049 |
| General Obligations - 2.0% |  |  |
| Black Belt Energy Gas Dist Ala Gas Supply Rev 4% tender 7/1/2052 (Liquidity Facility Royal Bank of Canada), (Royal Bank of Canada Guaranteed) (b) | 2000000 | 2022555 |
| Black Belt Energy Gas Dist Ala Gas Supply Rev U.S. SOFR Index + 1.4%, 4.321% tender 7/1/2052 (Liquidity Facility Royal Bank of Canada) (b)(c) | 5000000 | 5044130 |
| Black Belt Energy Gas Dist Alagas Prepay Rev Series 2019 A 1, 4% tender 12/1/2049 (Morgan Stanley Guaranteed) (b) | 3050000 | 3054986 |
| Black Belt Energy Gas District 5.25% 12/1/2025 (Morgan Stanley Guaranteed)  | 1125000 | 1130507 |
| Black Belt Energy Gas District 5.25% 6/1/2026 (Morgan Stanley Guaranteed)  | 575000 | 583524 |
| Black Belt Energy Gas District 5.25% tender 2/1/2053 (Morgan Stanley Guaranteed) (b) | 9090000 | 9603281 |
| Black Belt Energy Gas District Series 2021 C 1, 4% 12/1/2025 (Goldman Sachs Group Inc/The Guaranteed)  | 4000000 | 4009203 |
| Black Belt Energy Gas District Series 2021 C 1, 4% tender 10/1/2052 (Goldman Sachs Group Inc/The Guaranteed) (b) | 11350000 | 11466954 |
| Black Belt Energy Gas District Series 2021 C 2, SIFMA Municipal Swap Index + 0.35%, 3.08% tender 10/1/2052 (Goldman Sachs Group Inc/The Guaranteed) (b)(c) | 2350000 | 2317685 |
| Black Belt Energy Gas District Series 2022 E, 5% 6/1/2026 (Canadian Imperial Bank of Commerce/New York NY Guaranteed)  | 1140000 | 1155239 |
| Black Belt Energy Gas District Series 2022 E, 5% tender 5/1/2053 (Canadian Imperial Bank of Commerce/New York NY Guaranteed) (b) | 2370000 | 2472757 |
| Black Belt Energy Gas District Series 2023 A, 5% 10/1/2025  | 2125000 | 2127975 |
| Black Belt Energy Gas District Series 2023 D 1, 5.5% tender 6/1/2049 (Goldman Sachs Group Inc/The Guaranteed) (b) | 1685000 | 1788286 |
| Black Belt Energy Gas District Series 2023C, 5.5% 6/1/2027 (Goldman Sachs Group Inc/The Guaranteed)  | 685000 | 710881 |
| Black Belt Energy Gas District Series 2024 C, 5% 7/1/2026  | 1750000 | 1776564 |
| Black Belt Energy Gas District Series 2024 C, 5% 7/1/2027  | 1250000 | 1291881 |
| Southeast AL District Gas Supply Rev Series 2024A, 5% 4/1/2026  | 1500000 | 1516140 |
| Southeast Energy Auth Commodity Supply Rev Ala Series 2023 A, 5% 7/1/2027  | 1185000 | 1222779 |
| Southeast Energy Auth Commodity Supply Rev Ala Series 2023 A, 5.25% 7/1/2028  | 1945000 | 2050908 |
| Southeast Energy Authority A Cooperative District 5% 1/1/2029 (Athene Annuity And Life Company Guaranteed)  | 1310000 | 1370237 |
| Southeast Energy Authority A Cooperative District 5% 6/1/2030 (Athene Annuity And Life Company Guaranteed)  | 175000 | 186773 |
| Southeast Energy Authority A Cooperative District 5% 7/1/2028 (Athene Annuity And Life Company Guaranteed)  | 1250000 | 1302104 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% 11/1/2026 (Pacific Life Insurance Co Guaranteed)  | 395000 | 403622 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% 11/1/2027 (Pacific Life Insurance Co Guaranteed)  | 895000 | 930966 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% 11/1/2028 (Pacific Life Insurance Co Guaranteed)  | 1000000 | 1057031 |
| Southeast Energy Authority A Cooperative District Series 2024C, 5% 11/1/2029 (Pacific Life Insurance Co Guaranteed)  | 1000000 | 1070142 |
| Southeast Energy Authority A Cooperative District Series 2025A, 5% 6/1/2031 (Athene Annuity And Life Company Guaranteed)  | 325000 | 347243 |
| Southeast Energy Authority A Cooperative District Series 2025A, 5% 6/1/2032 (Athene Annuity And Life Company Guaranteed)  | 825000 | 881864 |
|  |  | 62896217 |
| Health Care - 0.2% |  |  |
| Birmingham AL Spl Care Facs Fing Auth Revs Series 2015, 5% 6/1/2026  | 2500000 | 2503016 |
| Health Care Auth For Bapt Hlth Ala Series 2013B, 4.15% 11/1/2042 VRDN (b) | 2399000 | 2399000 |
| Health Care Auth For Bapt Hlth Ala Series 2023 A, 5% 11/15/2025  | 1290000 | 1294955 |
| Infirmary Hlth Sys Spl Care 5% 2/1/2026  | 500000 | 503497 |
|  |  | 6700468 |
| Industrial Development - 0.2% |  |  |
| Decatur AL Indl Dev Brd Exempt (Nucor Corp Proj.) 3.06% 8/1/2036 VRDN (b)(d) | 5500000 | 5500000 |
| Other - 0.2% |  |  |
| Black Belt Energy Gas District 5% 11/1/2026  | 2225000 | 2268438 |
| Black Belt Energy Gas District 5% 11/1/2029  | 4500000 | 4784925 |
|  |  | 7053363 |
| Synthetics - 0.3% |  |  |
| Black Belt Energy Gas District Participating VRDN 3.03% 2/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (b)(e) | 6800000 | 6800000 |
| Black Belt Energy Gas District Participating VRDN 4.25% 2/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(e) | 2460000 | 2460000 |
| Southeast Energy Auth Commodity Supply Rev Ala Participating VRDN Series 2022 XM1062, 3.03% 1/1/2053 (Liquidity Facility Morgan Stanley Bank NA) (b)(e) | 1600000 | 1600000 |
|  |  | 10860000 |
| Water & Sewer - 0.0% |  |  |
| Jefferson Cnty AL Swr Rev 5% 10/1/2025  | 740000 | 741317 |
| Jefferson Cnty AL Swr Rev 5% 10/1/2026  | 445000 | 456214 |
| Jefferson Cnty AL Swr Rev 5% 10/1/2027  | 410000 | 429599 |
|  |  | 1627130 |
| TOTAL ALABAMA |  | 108154489 |
| Alaska - 0.3%  |  |  |
| General Obligations - 0.0% |  |  |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2026  | 840000 | 860391 |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2027  | 465000 | 488318 |
| Alaska St Gen. Oblig. Series 2025 A, 5% 8/1/2028  | 185000 | 198865 |
|  |  | 1547574 |
| Housing - 0.0% |  |  |
| Alaska Hsg Fin Corp Mtg Rev Series 2022A, 3% 6/1/2051  | 345000 | 341098 |
| Other - 0.0% |  |  |
| Alaska Municipal Bond Bank Authority Series 2023 TWO, 5% 12/1/2025 (d) | 485000 | 487286 |
| Alaska Municipal Bond Bank Authority Series 2023 TWO, 5% 12/1/2026 (d) | 510000 | 522576 |
|  |  | 1009862 |
| Synthetics - 0.2% |  |  |
| Municipality of Anchorage AK Participating VRDN Series 2025 XF3381, 2.88% 2/1/2050 (Liquidity Facility Wells Fargo Bank NA) (b)(d)(e) | 2740000 | 2740000 |
| Tobacco Bonds - 0.0% |  |  |
| Northern Tobacco Securitization AK 5% 6/1/2026  | 1000000 | 1013467 |
| Transportation - 0.1% |  |  |
| Alaska Airport 5% 10/1/2028 (d) | 1000000 | 1066131 |
| Alaska Airport Series 2021 C, 5% 10/1/2025 (d) | 900000 | 901453 |
|  |  | 1967584 |
| TOTAL ALASKA |  | 8619585 |
| Arizona - 3.3%  |  |  |
| Education - 0.1% |  |  |
| Northern Ariz Univ Ctfs Partn 5% 9/1/2025 (Assured Guaranty Inc Insured)  | 860000 | 860122 |
| Northern Ariz Univ Ctfs Partn 5% 9/1/2026 (Assured Guaranty Inc Insured)  | 1540000 | 1581393 |
| Tempe AZ Indl Dev Auth Rev (Various Capital Projects) 2.88% 7/1/2034, LOC Bank of America NA VRDN (b) | 1089000 | 1089000 |
|  |  | 3530515 |
| Electric Utilities - 0.2% |  |  |
| Coconino Cnty AZ Poll Ctl Corp (Nevada Power Co Proj.) Series 2017A, 4.125% tender 9/1/2032 (b)(d) | 1055000 | 1057521 |
| Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 2.93% 5/1/2029 VRDN (b) | 3300000 | 3300000 |
| Maricopa Cnty AZ Pollution Ctl (Arizona Public Service Co Proj.) 2.93% 5/1/2029 VRDN (b) | 2600000 | 2600000 |
|  |  | 6957521 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| Arizona Health Facs Auth Rev 2.98% tender 1/1/2046 (b) | 80000 | 79967 |
| Health Care - 0.7% |  |  |
| Arizona Health Facs Auth Rev Series 2015 B, 2.98% tender 1/1/2046 (b) | 2025000 | 2009391 |
| Arizona Health Facs Auth Rev SIFMA Municipal Swap Index + 0.25%, 2.98% tender 1/1/2046 (b)(c) | 395000 | 395074 |
| Arizona Indl Dev Auth Hosp Rev (Phoenix Childrens Hospital Proj.) 5% 2/1/2026  | 750000 | 757513 |
| Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) 5% tender 1/1/2053 (b) | 6040000 | 6114759 |
| Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) Series 2019 D, 5% tender 1/1/2046 (b) | 9600000 | 9753486 |
| Maricopa Cnty AZ Ida Rev (Banner Health System Proj.) Series 2023 A 2, 5% tender 1/1/2053 (b) | 2120000 | 2229485 |
| Yuma AZ Indl Dev Auth Hosp Rev (Yuma Regional Medical Center Proj.) Series 2024 A, 5% 8/1/2027  | 750000 | 783742 |
| Yuma AZ Indl Dev Auth Hosp Rev (Yuma Regional Medical Center Proj.) Series 2024 A, 5% 8/1/2028  | 700000 | 747248 |
|  |  | 22790698 |
| Housing - 0.3% |  |  |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Series 2024, 5% tender 2/1/2058 (b) | 3000000 | 3060981 |
| Arizona St Indl Dev Auth Multifamily Hsg Rev Series 2024, 5% tender 3/1/2058 (b) | 3000000 | 3074640 |
| Phoenix AZ Indl Rev Auth Mfh Series 2025, 3.1% tender 2/1/2059 (b) | 3500000 | 3514682 |
|  |  | 9650303 |
| Industrial Development - 0.7% |  |  |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) 5% tender 9/1/2052 (b)(d) | 11300000 | 11518062 |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) Series 2007, 4.1% tender 12/1/2037 (b)(d) | 570000 | 574969 |
| Chandler AZ Indl Deve Auth Idr (Intel Corp Proj.) Series FIRST 2022 1, 5% tender 9/1/2042 (b)(d) | 7400000 | 7541769 |
| Chandler AZ Indl Deve Auth Idr Series 2019, 4% tender 6/1/2049 (b)(d) | 4000000 | 4039767 |
|  |  | 23674567 |
| Resource Recovery - 1.0% |  |  |
| Phoenix Ariz Indl Dev Auth Solid Waste Disp Rev (Republic Services Inc Proj.) 3.85% tender 12/1/2035 (b)(d) | 34575000 | 34577061 |
| Synthetics - 0.3% |  |  |
| Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2023 MIZ9157, 2.96% 12/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 1500000 | 1500000 |
| Arizona Ind Dev Auth Participating VRDN Series 2023 MIZ9149, 2.96% 7/1/2040 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 3391000 | 3391000 |
| Arizona Indl Dev Auth Participating VRDN Series 2023 XF3174, 3.01% 11/1/2041 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e) | 4815000 | 4815000 |
|  |  | 9706000 |
| Water & Sewer - 0.0% |  |  |
| Phoenix Arizona Civic Imp Wtr Series 2014B, 5% 7/1/2027  | 400000 | 400696 |
| TOTAL ARIZONA |  | 111367328 |
| Arkansas - 0.2%  |  |  |
| Industrial Development - 0.2% |  |  |
| Blytheville AR Indl Dev Rev (Nucor Corp Proj.) 3.06% 6/1/2028 VRDN (b)(d) | 400000 | 400000 |
| Lowell Ark Indl Dev Rev Series 1996, 2.8% 6/1/2031 VRDN (b)(d) | 5800000 | 5800000 |
|  |  | 6200000 |
| TOTAL ARKANSAS |  | 6200000 |
| California - 4.3%  |  |  |
| Education - 0.1% |  |  |
| California Stwd Cmnty Dev Auth Student Hsg Rev (Chf Irvine LLC Proj.) Series 2016, 5% 5/15/2026  | 2500000 | 2532367 |
| California Stwd Cmnty Dev Auth Student Hsg Rev (Chf Irvine LLC Proj.) Series 2017, 5% 5/15/2027  | 405000 | 417800 |
|  |  | 2950167 |
| Electric Utilities - 0.2% |  |  |
| Southern CA Pub Pwr Auth Proj Series 2025B, 3.7% tender 7/1/2040 (b) | 3000000 | 3016064 |
| Southern CA Pub Pwr Auth Southn Trans Sys Renewal Proj Rev (Southern Ca Pub Pwr Auth Proj.) Series 2025 2, 5% tender 7/1/2053 (b) | 1850000 | 1967786 |
|  |  | 4983850 |
| Escrowed/Pre-Refunded - 0.1% |  |  |
| Los Angeles CA Uni Sch Dist Cp 5% 10/1/2026 (Escrowed to Maturity)  | 2325000 | 2393236 |
| General Obligations - 0.5% |  |  |
| California Community Choice Financing Authority 5% 9/1/2027 (Morgan Stanley Guaranteed)  | 1100000 | 1144883 |
| California Community Choice Financing Authority Series 2023C, 5% 10/1/2026  | 625000 | 634925 |
| Los Angeles CA TRAN Series 2025, 5% 6/25/2026  | 9000000 | 9216815 |
| Los Angeles CA Uni Sch Dist Cp (Los Angeles Unified School District/CA Proj.) 5% 10/1/2026  | 1585000 | 1633743 |
| Northern California Energy Authority Series 2024, 5% 8/1/2026  | 450000 | 457676 |
| San Joaquin Valley Clean Energy Authority 5% 7/1/2028 (Goldman Sachs Group Inc/The Guaranteed)  | 1000000 | 1045258 |
| San Joaquin Valley Clean Energy Authority 5% 7/1/2029 (Goldman Sachs Group Inc/The Guaranteed)  | 1125000 | 1189717 |
| Southern CA Pub Pwr Auth Series 2024 A, 5% 9/1/2029 (American General Life Insurance Co Guaranteed)  | 650000 | 691671 |
| State of California Gen. Oblig. 5% 3/1/2028  | 65000 | 65121 |
|  |  | 16079809 |
| Health Care - 0.8% |  |  |
| California Health Facilities Financing Authority (Providence Health Systems Proj.) 2% tender 10/1/2036 (b) | 1250000 | 1249438 |
| California Statewide Community Development Authority Rev 5% 10/1/2028 (g) | 10000000 | 10709795 |
| California Statewide Community Development Authority Rev Series 2007 D, 4.9% tender 7/1/2041 (Assured Guaranty Inc Insured) (b) | 5475000 | 5475000 |
| California Statewide Community Development Authority Rev Series 2007 E, 6% tender 7/1/2040 (Assured Guaranty Inc Insured) (b) | 2175000 | 2175000 |
| California Statewide Community Development Authority Rev Series 2007 F, 3.9% tender 7/1/2040 (Assured Guaranty Inc Insured) (b) | 8275000 | 8275000 |
|  |  | 27884233 |
| Housing - 0.2% |  |  |
| California Hsg Fin Agy Ltd Oblig Multifamily Hsg Rev Series 2023 ISSUE V, 5% tender 5/1/2054 (b) | 5000000 | 5098312 |
| Los Angeles Cnty Calif Dev Auth Multifamily Hsg Rev (La County West La Va 156/157 Proj.) Series 2023C, 3.75% tender 12/1/2046 (b) | 3000000 | 3008245 |
|  |  | 8106557 |
| Other - 0.0% |  |  |
| California Infrastructure & Economic Development Bank (Los Angeles County Museum Of Art Proj.) 1.2% tender 12/1/2050 (b) | 395000 | 366072 |
| Resource Recovery - 1.0% |  |  |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2021 B, 3.85% tender 7/1/2051 (b)(d) | 4700000 | 4700523 |
| California Mun Fin Auth Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2021A, 3.75% tender 7/1/2041 (b)(d) | 4600000 | 4599716 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) 3.95% tender 11/1/2046 (b)(d) | 970000 | 970000 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2017 A, 4.1% tender 12/1/2044 (b)(d) | 3000000 | 3000872 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2020, 3.95% tender 10/1/2045 (b)(d) | 2500000 | 2500000 |
| California Mun Fin Auth Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2020B, 3.85% tender 11/1/2041 (b)(d) | 5000000 | 5003938 |
| California Pcf Solid Wst Disp (Republic Services Inc Proj.) Series 2017 A 1, 3.85% tender 11/1/2042 (b)(d)(g) | 2900000 | 2900200 |
| California Pcf Solid Wst Disp (Republic Services Inc Proj.) Series 2023, 3.8% tender 7/1/2043 (b)(d)(g) | 5100000 | 5099734 |
| California Pcf Solid Wst Disp (Waste Management Inc Proj.) Series B 1, 3% 11/1/2025 (d) | 3500000 | 3499906 |
|  |  | 32274889 |
| Synthetics - 0.7% |  |  |
| California Hsg Fin Agcy Ltd Obl Participating VRDN Series 2023 XF3127, 3.01% 6/1/2030 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e) | 1500000 | 1500000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN 2.94% 11/1/2052 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 1600000 | 1600000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2024 MIZ9162, 2.94% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 515000 | 515000 |
| California Stwide Cmnty Mf Rev Participating VRDN 4.45% 11/1/2033 (Liquidity Facility Mizuho Capital Markets LLC) (b)(d)(e) | 2000000 | 2000000 |
| California Stwide Cmnty Mf Rev Participating VRDN 4.45% 12/1/2027 (Liquidity Facility Mizuho Capital Markets LLC) (b)(d)(e) | 6030000 | 6030000 |
| Los Angeles CA Multi Fam Mtg Rev Participating VRDN Series 2025 MIZ9221, 2.94% 8/4/2028 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 5400000 | 5400000 |
| Los Angeles Cmty Redv Agy Mfhr Participating VRDN Series 2022 MIZ9089, 4.45% 4/15/2042 (Liquidity Facility Mizuho Capital Markets LLC) (b)(d)(e) | 4325000 | 4325000 |
| San Jose CA Mf Hsg Participating VRDN Series 2025 CF7005, 2.85% 9/1/2048 (Liquidity Facility Citibank NA) (b)(e) | 1991484 | 1991484 |
|  |  | 23361484 |
| Transportation - 0.7% |  |  |
| Bay Area Toll Auth CA Bridge Rev 2.95% tender 4/1/2047 (b) | 100000 | 100060 |
| Bay Area Toll Auth CA Bridge Rev Series 2018 A, 2.625% tender 4/1/2045 (b) | 290000 | 289592 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (d) | 3310000 | 3369677 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (d) | 1205000 | 1226725 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (d) | 550000 | 559916 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2026 (d) | 135000 | 137434 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2027 (d) | 1460000 | 1517821 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2027 (d) | 440000 | 457426 |
| Los Angeles CA Dept Arpts Rev 5% 5/15/2028 (d) | 6515000 | 6899739 |
| Los Angeles CA Dept Arpts Rev Series 2021 A, 5% 5/15/2027 (d) | 1300000 | 1351484 |
| Los Angeles CA Dept Arpts Rev Series 2023 A, 5% 5/15/2026 (d) | 440000 | 447933 |
| Port Oakland Calif Rev Series 2021 H, 5% 5/1/2028 (d) | 1705000 | 1792810 |
| Sacramento Cnty CA Arpt Sys Rv Series 2025A, 5% 7/1/2029 (d) | 1100000 | 1181758 |
| San Diego Cnty CA Reg Arpt Auth Arpt Rev Series 2025 B, 5% 7/1/2029 (d) | 1680000 | 1810555 |
| San Francisco CA City & County Airports Commission International Airport Revenue 5% 5/1/2026 (d) | 2000000 | 2030953 |
|  |  | 23173883 |
| Water & Sewer - 0.0% |  |  |
| Castaic Lake Wtr Agy CA Ctfs Series 1999 A, 0% 8/1/2028 (Ambac Assurance Corp Insured) (h) | 225000 | 210052 |
| TOTAL CALIFORNIA |  | 141784232 |
| Colorado - 1.4%  |  |  |
| Education - 0.0% |  |  |
| Colorado Edl & Cultural Fac Auth Rev (Mesivta Of Greater Los Angeles Proj.) 3.08% 6/1/2029, LOC Deutsche Bank AG VRDN (b) | 375000 | 375000 |
| University Colo Enterprise Sys Series 2021C 3A, 2% tender 6/1/2051 (b) | 1360000 | 1357951 |
|  |  | 1732951 |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Colorado Health Facilities Authority 5% tender 11/15/2048 (b) | 8060000 | 8102222 |
| Health Care - 0.2% |  |  |
| Colorado Health Facilities Authority (Advent Health Proj.) 5% tender 11/15/2049 (b) | 905000 | 927487 |
| Colorado Health Facilities Authority (Advent Health Proj.) Series A 1, 5% tender 11/15/2058 (b) | 3060000 | 3252874 |
| Colorado Health Facilities Authority (CommonSpirit Health Proj.) 5% 11/1/2026  | 400000 | 410082 |
| Colorado Health Facilities Authority (Commonspirit Health Proj.) Series 2019 B 2, 5% tender 8/1/2049 (b) | 340000 | 342434 |
| Colorado Health Facilities Authority (Ihc Health Services Inc Proj.) Series 2022B, 5% tender 5/15/2062 (b) | 2155000 | 2201908 |
|  |  | 7134785 |
| Housing - 0.4% |  |  |
| Colorado Hsg & Fin Auth Multifamily Hsg Rev Series 2024, 3.5% tender 11/1/2043 (b) | 9090000 | 9122524 |
| Colorado Hsg Fin Auth (CO Single Family Mortgage Proj.) Series 2019 F, 4.25% 11/1/2049  | 65000 | 65856 |
| Colorado Hsg Fin Auth (CO Single Family Mortgage Proj.) Series 2019 H, 4.25% 11/1/2049  | 35000 | 35515 |
| Maiker Hsg Partners Colo Multifamily Hsg Rev Series 2023, 4.5% tender 5/1/2042 (b) | 1175000 | 1183200 |
|  |  | 10407095 |
| Other - 0.0% |  |  |
| Colorado Hsg & Fin Auth Multifamily Hsg Rev Series 2025, 3.375% tender 7/1/2044 (b) | 1145000 | 1158818 |
| Special Tax - 0.1% |  |  |
| Baseline Met Dist No 1 Spl Revcolo Series 2024A, 5% 12/1/2025 (Assured Guaranty Inc Insured)  | 435000 | 437158 |
| Baseline Met Dist No 1 Spl Revcolo Series 2024A, 5% 12/1/2027 (Assured Guaranty Inc Insured)  | 1000000 | 1048488 |
| Denver Colo Convention Ctr Hotel Auth Rev Series 2016, 5% 12/1/2025  | 1900000 | 1906135 |
|  |  | 3391781 |
| Synthetics - 0.0% |  |  |
| Colorado Health Facilities Authority Participating VRDN 2.88% 11/1/2042 (Liquidity Facility JP Morgan Chase Bank NA) (b)(e) | 1400000 | 1400000 |
| Transportation - 0.5% |  |  |
| Denver CO City & Cnty Arpt 5% 11/15/2026  | 800000 | 824498 |
| Denver CO City & Cnty Arpt 5.25% 11/15/2026 (d) | 775000 | 798212 |
| Denver CO City & Cnty Arpt Series 2018 A, 5% 12/1/2027 (d) | 2315000 | 2428010 |
| Denver CO City & Cnty Arpt Series 2018 A, 5% 12/1/2029 (d) | 185000 | 195678 |
| Denver CO City & Cnty Arpt Series 2022A, 5% 11/15/2025 (d) | 1485000 | 1491839 |
| Denver CO City & Cnty Arpt Series 2023B, 5% 11/15/2025 (d) | 3275000 | 3288804 |
| Denver CO City & Cnty Arpt Series 2023B, 5% 11/15/2027 (d) | 3035000 | 3180342 |
| E-470 Pub Hwy Auth Colo Rev 5% 9/1/2025  | 300000 | 300039 |
|  |  | 12507422 |
| TOTAL COLORADO |  | 45835074 |
| Connecticut - 1.0%  |  |  |
| Education - 0.6% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) 2.8% tender 7/1/2057 (b) | 10400000 | 10405708 |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2010A 3, 2.95% tender 7/1/2049 (b) | 1000000 | 1005863 |
| Connecticut St Health & Edl Facs Auth Revenue (Yale University Proj.) Series 2017 B2, 3.2% tender 7/1/2037 (b) | 2575000 | 2585718 |
| Connecticut St Health & Edl Facs Auth Revenue 2.8% tender 7/1/2048 (b) | 2650000 | 2650538 |
|  |  | 16647827 |
| General Obligations - 0.2% |  |  |
| Bridgeport CT Gen. Oblig. Series 2024 A, 5% 7/1/2027 (Build America Mutual Assurance Co Insured)  | 200000 | 209021 |
| Bridgeport CT Gen. Oblig. Series 2024 A, 5% 7/1/2028 (Build America Mutual Assurance Co Insured)  | 1250000 | 1336010 |
| Connecticut St Gen. Oblig. Series 2024 C, 5% 3/1/2028  | 4250000 | 4527581 |
| New Haven CT Gen. Oblig. Series 2024, 5% 8/1/2028 (Assured Guaranty Inc Insured)  | 710000 | 758994 |
| University Connecticut (Connecticut St Proj.) Series 2019 A, 5% 11/1/2025  | 225000 | 225912 |
| West Haven CT BAN 4.25% 3/26/2026  | 1025000 | 1032003 |
| West Haven CT Gen. Oblig. Series 2021, 4% 9/15/2025  | 255000 | 255106 |
| West Haven CT Gen. Oblig. Series 2021, 4% 9/15/2026  | 255000 | 258202 |
|  |  | 8602829 |
| Health Care - 0.0% |  |  |
| Connecticut St Health & Edl Facs Auth Revenue (Nuvance Health Proj.) Series 2019 A, 5% 7/1/2026  | 260000 | 263518 |
| Connecticut St Health & Edl Facs Auth Revenue (Stamford Hospital, CT Proj.) 5% 7/1/2026  | 200000 | 203036 |
|  |  | 466554 |
| Housing - 0.2% |  |  |
| Connecticut St Hsg Fin Auth Hsg Mtg Fin Prog Series 2021 A 1, 0.45% 11/15/2025  | 700000 | 696402 |
| Norwalk Conn Hsg Auth Multifamily Hsg Rev Series 2024, 3.05% tender 9/1/2058 (b) | 5000000 | 5016792 |
|  |  | 5713194 |
| Special Tax - 0.0% |  |  |
| Connecticut St Spl Tax Oblig Series 2018 B, 5% 10/1/2031  | 500000 | 532059 |
| Connecticut St Spl Tax Oblig Series 2024 B, 5% 7/1/2028  | 605000 | 649549 |
|  |  | 1181608 |
| TOTAL CONNECTICUT |  | 32612012 |
| District Of Columbia - 1.0%  |  |  |
| Housing - 0.3% |  |  |
| District Columbia Hsg Fin Mult Series 2022, 2.875% tender 9/1/2041 (b)(i) | 2750000 | 2751010 |
| District Columbia Hsg Fin Mult Series 2022, 3.05% tender 9/1/2041 (b) | 5000000 | 5000000 |
| District Columbia Hsg Fin Mult Series 2024, 3.65% tender 7/1/2028 (b) | 1790000 | 1818948 |
| District Columbia Hsg Fin Mult Series 2025A, 5% 3/1/2028  | 1025000 | 1077161 |
|  |  | 10647119 |
| Other - 0.2% |  |  |
| District of Columbia 2.9% 10/2/2025, LOC Barclays Bank PLC CP  | 3600000 | 3600479 |
| District of Columbia Housing Finance Agency Series 2025 B, 5% tender 3/1/2029 (b) | 1425000 | 1492452 |
|  |  | 5092931 |
| Transportation - 0.5% |  |  |
| Metropolitan Wash DC Arpts Ath 5% 10/1/2025 (d) | 530000 | 530921 |
| Metropolitan Wash DC Arpts Ath 5% 10/1/2026 (d) | 145000 | 148345 |
| Metropolitan Wash DC Arpts Ath Series 2018 A, 5% 10/1/2026 (d) | 325000 | 332499 |
| Metropolitan Wash DC Arpts Ath Series 2018 A, 5% 10/1/2027 (d) | 1585000 | 1656218 |
| Metropolitan Wash DC Arpts Ath Series 2019A, 5% 10/1/2025 (d) | 155000 | 155272 |
| Metropolitan Wash DC Arpts Ath Series 2019A, 5% 10/1/2027 (d) | 1785000 | 1865205 |
| Metropolitan Wash DC Arpts Ath Series 2021 A, 5% 10/1/2026 (d) | 920000 | 941227 |
| Metropolitan Wash DC Arpts Ath Series 2023 A, 5% 10/1/2025 (d) | 1750000 | 1753086 |
| Metropolitan Wash DC Arpts Ath Series 2023 A, 5% 10/1/2028 (d) | 1690000 | 1798156 |
| Metropolitan Wash DC Arpts Ath Series 2024A, 5% 10/1/2025 (d) | 1500000 | 1502645 |
| Metropolitan Wash DC Arpts Ath Series 2024A, 5% 10/1/2026 (d) | 1695000 | 1734108 |
| Metropolitan Wash DC Arpts Ath Series 2024A, 5% 10/1/2027 (d) | 3985000 | 4164056 |
| Metropolitan Wash DC Arpts Ath Series 2025A, 5% 10/1/2027 (d) | 550000 | 574713 |
|  |  | 17156451 |
| TOTAL DISTRICT OF COLUMBIA |  | 32896501 |
| Florida - 4.9%  |  |  |
| Education - 0.0% |  |  |
| Florida Atlantic University Finance Corp Series 2024, 5% 7/1/2028  | 500000 | 533354 |
| Florida Atlantic University Finance Corp Series 2024, 5% 7/1/2029  | 625000 | 678476 |
| Volusia Cnty FL Edl Fac Ath Rv (Embry Riddle Aeronaut Univ, FL Proj.) 5% 10/15/2026  | 750000 | 771788 |
| Volusia Cnty FL Edl Fac Ath Rv (Embry Riddle Aeronaut Univ, FL Proj.) 5% 10/15/2027  | 165000 | 173266 |
|  |  | 2156884 |
| Electric Utilities - 0.1% |  |  |
| Florida St Mun Pwr Agy Rev (Fmpa St Lucie Project Proj.) Series 2021 A, 5% 10/1/2026  | 300000 | 308247 |
| Florida St Mun Pwr Agy Rev Series 2016A, 5% 10/1/2028  | 1405000 | 1442292 |
|  |  | 1750539 |
| Escrowed/Pre-Refunded - 0.1% |  |  |
| Greater Orlando Aviation Auth 5% 10/1/2025 (Escrowed to Maturity) (d) | 275000 | 275462 |
| Greater Orlando Aviation Auth Series 2015A, 5% 10/1/2030 (Pre-refunded to 10/1/2025 at 100) (d) | 1165000 | 1166959 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2031 (Pre-refunded to 10/1/2026 at 100) (d) | 625000 | 640099 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2032 (Pre-refunded to 10/1/2026 at 100) (d) | 500000 | 512079 |
| Orange Cnty FL Health Facs Auth Rev 5% tender 11/15/2052 (b) | 265000 | 272759 |
|  |  | 2867358 |
| General Obligations - 0.3% |  |  |
| Broward Cnty FL Sch Brd Ctfs Part (Broward County FL School District Proj.) Series 2022 A, 5% 7/1/2027  | 1015000 | 1059108 |
| Broward County FL School District Series 2025, 5% 7/1/2028 (Assured Guaranty Inc Insured)  | 2105000 | 2253764 |
| Duval Cnty FL Sch Brd Ctfs Part (Duval Cnty FL School Board Proj.) 5% 7/1/2029 (Assured Guaranty Inc Insured)  | 1000000 | 1092050 |
| Flagler Cnty FL Sch Brd Ctfs Partn (Flagler Cnty Fla Sch Dist Proj.) Series 2024, 5% 8/1/2029 (Assured Guaranty Inc Insured)  | 2000000 | 2171949 |
| Jacksonville Fla Spl Rev (Jacksonville FL Proj.) 5% 10/1/2025  | 275000 | 275556 |
| Jacksonville Fla Spl Rev (Jacksonville FL Proj.) 5% 10/1/2026  | 65000 | 66862 |
| Jacksonville Fla Spl Rev (Jacksonville FL Proj.) 5% 10/1/2027  | 55000 | 58016 |
| Lake Cnty Fla Sch Brd Cop (Lake County FL School Board Proj.) Series 2025A, 5% 6/1/2028 (Assured Guaranty Inc Insured)  | 1300000 | 1385703 |
| Palm Beach Cnty FL Sch Brd (Palm Beach Cnty FL Sch Dist Proj.) Series 2025A, 5% 8/1/2029  | 720000 | 788355 |
| Seminole Cnty FL Sch Brd Ctfs (Seminole Cnty FL Sch Dist Proj.) 5% 7/1/2026  | 25000 | 25524 |
|  |  | 9176887 |
| Health Care - 0.6% |  |  |
| Brevard Cnty FL Health Fac (Health First Inc Proj.) Series 2023 A, 5% 4/1/2026  | 290000 | 293694 |
| Brevard Cnty FL Health Fac (Health First Inc Proj.) Series 2023 A, 5% 4/1/2028  | 325000 | 343783 |
| City of Tampa FL (H Lee Moffitt Cancer Ctr Proj.) 5% 7/1/2026  | 175000 | 177948 |
| City of Tampa FL (H Lee Moffitt Cancer Ctr Proj.) 5% 7/1/2027  | 150000 | 156065 |
| Highlands County Health Facilities Authority (Advent Health Proj.) Series 2012I 5, 2.75% 11/15/2035 VRDN (b) | 1100000 | 1100000 |
| Jacksonville Fla Health Care Facs Rev (Baptist Medical Center, Fl Proj.) Series 2019 D, 2.75% 8/1/2036 VRDN (b) | 180000 | 180000 |
| Jacksonville Fla Health Care Facs Rev (Baptist Medical Center, Fl Proj.) Series 2019E, 2.75% 8/1/2036 VRDN (b) | 690000 | 690000 |
| Lakeland FL Hosp Sys Rev Series 2016, 5% 11/15/2026  | 1500000 | 1541421 |
| Lee County Industrial Development Authority/FL (Lee Mem Health Sys Fl Hosp Rev Proj.) 3.33% 4/1/2049 VRDN (b) | 9800000 | 9800001 |
| Orange Cnty FL Health Facs Auth Rev (Advent Health Proj.) 5% tender 11/15/2052 (b) | 5370000 | 5516352 |
|  |  | 19799264 |
| Housing - 0.5% |  |  |
| Broward Cty FL Hsg Aut Hsg Rev Series 2023, 4.05% tender 9/1/2056 (b) | 1000000 | 1005890 |
| Fla Hsg Fin Corp Multifamily Mtg Rev (Brownsville Transit Vge Proj.) 3.35% tender 10/1/2027 (b) | 2250000 | 2257967 |
| Fla Hsg Fin Corp Multifamily Mtg Rev Series 2023 B, 5% tender 2/1/2027 (b) | 265000 | 267305 |
| Fla Hsg Fin Corp Multifamily Mtg Rev Series 2023 C, 5% tender 12/1/2026 (b) | 605000 | 607962 |
| Florida Hsg Fin Corp Mltfmy Rv Series 2024 E, 3.8% tender 6/1/2042 (b) | 1370000 | 1376877 |
| Lee Cnty FL Hsg Fin Auth Mfh Series 2025 B, 3.125% tender 10/1/2029 (b) | 1750000 | 1760801 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev 4.05% tender 9/1/2026 (b) | 410000 | 410000 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev 5% tender 10/1/2026 (b) | 2445000 | 2448712 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev 5% tender 3/1/2027 (b) | 775000 | 775000 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev Series 2023, 3.55% tender 1/1/2027 (b) | 1690000 | 1692920 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev Series 2023, 5% tender 9/1/2026 (b) | 1445000 | 1445000 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev Series 2025B, 3.55% tender 3/1/2029 (b) | 2000000 | 2037702 |
| Polk Cnty FL Hsg Fin Auth Multi Fam Hsg Rev (Episcopal Catholic Apts Proj.) 4.15% tender 12/1/2040 (b) | 760000 | 766522 |
|  |  | 16852658 |
| Other - 0.3% |  |  |
| City of Orlando FL Series 2025, 5% 11/1/2025  | 5000000 | 5018658 |
| Miami Dade Cnty FL Hsg Fin Auth Multifamily Hsg Rev Series 2024, 3.4% tender 1/1/2045 (b) | 5000000 | 5040803 |
|  |  | 10059461 |
| Pooled Loans - 0.1% |  |  |
| Florida Local Government Finance Commission 2.77% 9/2/2025, LOC JPMorgan Chase Bank NA CP  | 2199000 | 2199022 |
| Florida Local Government Finance Commission 2.87% 9/2/2025, LOC JPMorgan Chase Bank NA CP  | 2306000 | 2306048 |
|  |  | 4505070 |
| Resource Recovery - 0.1% |  |  |
| Miami-Dade Cnty FL Ida Sld Waste Disp Rev (Waste Management Inc Del Proj.) Series 2018 B, 4% tender 11/1/2048 (b)(d) | 3800000 | 3793878 |
| Special Tax - 0.8% |  |  |
| County of Pasco FL Series 2023 A, 5.25% 9/1/2026 (Assured Guaranty Inc Insured)  | 275000 | 282091 |
| Florida Ins Assistance Interlocal Agy Fla Ins Assmt Rev Series 2023 A2, 3.48% 9/1/2032 (Liquidity Facility Florida St) VRDN (b) | 19800000 | 19800000 |
| Monroe Cnty FL School Dist TAN Series 2025, 4% 6/30/2026  | 6055000 | 6124748 |
| Southeast Overtown Park West Community Redevelopment Agency Series 2025 A, 5% 3/1/2028 (Assured Guaranty Inc Insured)  | 670000 | 708164 |
| Southeast Overtown Park West Community Redevelopment Agency Series 2025B, 5% 3/1/2028 (Assured Guaranty Inc Insured)  | 745000 | 787437 |
|  |  | 27702440 |
| Synthetics - 1.1% |  |  |
| Florida Dev Fin Corp Rev Participating VRDN Series 2024 XF1704, 2.93% 7/1/2053 (Liquidity Facility Royal Bank of Canada NY) (b)(d)(e) | 9750000 | 9750000 |
| Greater Orlando Aviation Auth Participating VRDN 4.35% 10/1/2036 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(e) | 1000000 | 1000000 |
| Greater Orlando Aviation Auth Participating VRDN Series 2025 ZF1930, 2.85% 10/1/2051 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(e) | 1300000 | 1300000 |
| Hillsborough Cnty Fla Indl Dev Auth Health Sys Rev Participating VRDN Series 2025 XL0669, 3.98% 11/15/2054 (Liquidity Facility Bank of America, N.A.) (b)(e) | 8150000 | 8150000 |
| Miami Dade County Hsg Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9087, 2.96% 11/1/2061 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 920000 | 920000 |
| Miami-Dade Cnty Fla Aviat Rev Participating VRDN Series 2025 CF7044, 2.88% 10/1/2040 (Liquidity Facility Citibank NA) (b)(d)(e) | 11900000 | 11900001 |
| Orange Cnty FL Health Facs Auth Rev Participating VRDN Series 2025 XM1222, 2.85% 10/1/2056 (Liquidity Facility Wells Fargo Bank NA) (b)(e) | 1800000 | 1800000 |
| Orlando Health Participating VRDN Series 2022 026, 3.03% 10/1/2044 (Liquidity Facility Barclays Bank PLC) (b)(e) | 500000 | 500000 |
|  |  | 35320001 |
| Transportation - 0.8% |  |  |
| Broward Cnty FL Arpt Sys Rev Series 2013A, 5.25% 10/1/2025 (d) | 1500000 | 1502407 |
| Broward Cnty FL Arpt Sys Rev Series 2017, 5% 10/1/2025 (d) | 500000 | 500828 |
| Broward Cnty FL Arpt Sys Rev Series 2019 A, 5% 10/1/2026 (d) | 1000000 | 1023180 |
| Broward Cnty FL Arpt Sys Rev Series 2019 A, 5% 10/1/2027 (d) | 1250000 | 1306682 |
| Florida St Mid Bay Bridge Auth Series A, 5% 10/1/2025  | 40000 | 40056 |
| Florida St Mid Bay Bridge Auth Series A, 5% 10/1/2026  | 45000 | 45079 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2027 (Pre-refunded to 10/1/2026 at 100) (d) | 500000 | 512079 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2029 (Pre-refunded to 10/1/2026 at 100) (d) | 500000 | 512079 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2030 (Pre-refunded to 10/1/2026 at 100) (d) | 1000000 | 1024158 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2033 (Pre-refunded to 10/1/2026 at 100) (d) | 1000000 | 1011022 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2034 (Pre-refunded to 10/1/2026 at 100) (d) | 1000000 | 1024158 |
| Greater Orlando Aviation Auth Series 2016 A, 5% 10/1/2035 (Pre-refunded to 10/1/2026 at 100) (d) | 1000000 | 1024158 |
| Greater Orlando Aviation Auth Series 2017A, 5% 10/1/2025 (d) | 30000 | 30055 |
| Greater Orlando Aviation Auth Series 2017A, 5% 10/1/2026 (d) | 10000 | 10249 |
| Hillsborough Cnty FL Aviation (Tampa International Airport Proj.) Series 2022A, 5% 10/1/2025 (d) | 1245000 | 1247154 |
| Lee Cnty FL Airport 5% 10/1/2025 (d) | 1375000 | 1377232 |
| Lee Cnty FL Airport 5% 10/1/2025 (d) | 925000 | 926357 |
| Lee Cnty FL Airport 5% 10/1/2027 (d) | 1450000 | 1513656 |
| Miami-Dade Cnty Fla Aviat Rev Series 2024 A, 5% 10/1/2028 (d) | 4100000 | 4368634 |
| Miami-Dade Cnty Fla Seaport Rev 5% 10/1/2027 (d) | 2625000 | 2727104 |
| Palm Beach Cnty FL Arpt Sys Series 2024 B, 5% 10/1/2026 (d) | 105000 | 107400 |
| Palm Beach Cnty FL Arpt Sys Series 2024 B, 5% 10/1/2027 (d) | 2100000 | 2192190 |
| Palm Beach Cnty FL Arpt Sys Series 2024 B, 5% 10/1/2028 (d) | 1250000 | 1328476 |
|  |  | 25354393 |
| Water & Sewer - 0.1% |  |  |
| Tohopekaliga Wtr Auth FL Util Sys Rev 5% 10/1/2025 (g) | 2500000 | 2504522 |
| TOTAL FLORIDA |  | 161843355 |
| Georgia - 3.9%  |  |  |
| Electric Utilities - 1.5% |  |  |
| Appling Cnty GA Dev Auth Pcr (Oglethorpe Pwr Corp Proj.) 3% 1/1/2038 VRDN (b) | 15490000 | 15490000 |
| Bartow Cnty GA Dev Auth Pollution Cont Rev (Georgia Power Co Proj.) Series FIRST 2013, 2.9% tender 8/1/2043 (b) | 1200000 | 1199688 |
| Bartow Cnty GA Dev Auth Solid Waste Disp Fac Rev (Georgia Power Co Proj.) 3.9% 11/1/2062 VRDN (b)(d) | 200000 | 200000 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) 3.85% 7/1/2049 VRDN (b) | 700000 | 699999 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series 2013 FIRST, 3.375% tender 11/1/2053 (b) | 1385000 | 1389217 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FIFTH 1994, 3.7% tender 10/1/2032 (b) | 1165000 | 1181810 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FIRST 2008, 3.35% tender 11/1/2048 (b) | 6000000 | 6047852 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FOURTH 1994, 3.8% tender 10/1/2032 (b) | 3960000 | 3980668 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FOURTH 1995, 3.8% tender 10/1/2032 (b) | 2875000 | 2890005 |
| Burke Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series SECOND 2012, 3.3% tender 12/1/2049 (b) | 2000000 | 2010590 |
| Georgia Mun Elec Auth Pwr Rev 4% 11/1/2025  | 800000 | 801684 |
| Georgia Mun Elec Auth Pwr Rev 5% 11/1/2026  | 870000 | 894252 |
| Georgia Mun Elec Auth Pwr Rev 5% 7/1/2026 (Assured Guaranty Inc Insured)  | 310000 | 316380 |
| Georgia Mun Elec Auth Pwr Rev 5% 7/1/2026 (Assured Guaranty Inc Insured)  | 300000 | 306174 |
| Georgia Mun Elec Auth Pwr Rev Series 2024A, 5% 1/1/2027  | 1500000 | 1548269 |
| Georgia Mun Elec Auth Pwr Rev Series 2024A, 5% 1/1/2027  | 420000 | 433683 |
| Georgia Mun Elec Auth Pwr Rev Series 2024A, 5% 1/1/2028  | 375000 | 396371 |
| Monroe Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FIRST 2008, 3.35% tender 11/1/2048 (b) | 610000 | 614864 |
| Monroe Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series FIRST 2012, 3.875% tender 6/1/2042 (b) | 1250000 | 1254911 |
| Monroe Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series SECOND 2009, 3.875% tender 10/1/2048 (b) | 3675000 | 3689624 |
| Monroe Cnty GA Dev Auth Pcr (Georgia Power Co Proj.) Series SECOND 2006, 3.875% tender 12/1/2041 (b) | 3500000 | 3513750 |
| Monroe Cnty GA Dev Auth Pcr (Oglethorpe Pwr Corp Proj.) Series 2013A, 3.6% tender 1/1/2039 (b) | 565000 | 575362 |
|  |  | 49435153 |
| General Obligations - 1.2% |  |  |
| Main Street Natural Gas Inc 4% 12/1/2026 (Citigroup Inc Guaranteed)  | 2200000 | 2224797 |
| Main Street Natural Gas Inc 4% 12/1/2027 (Citigroup Inc Guaranteed)  | 1215000 | 1238906 |
| Main Street Natural Gas Inc 4% 9/1/2025 (Royal Bank of Canada Guaranteed)  | 400000 | 400020 |
| Main Street Natural Gas Inc 4% tender 5/1/2052 (Citigroup Inc Guaranteed) (b) | 1980000 | 2008364 |
| Main Street Natural Gas Inc 5% 12/1/2027 (Toronto Dominion Bank Guaranteed)  | 1000000 | 1043654 |
| Main Street Natural Gas Inc 5% 12/1/2028 (Toronto Dominion Bank Guaranteed)  | 750000 | 794430 |
| Main Street Natural Gas Inc 5% 6/1/2026 (Citigroup Inc Guaranteed)  | 2100000 | 2129007 |
| Main Street Natural Gas Inc 5% 6/1/2026 (Toronto Dominion Bank Guaranteed)  | 700000 | 710242 |
| Main Street Natural Gas Inc 5% 6/1/2030 (Toronto Dominion Bank Guaranteed)  | 250000 | 268859 |
| Main Street Natural Gas Inc 5% tender 6/1/2053 (Citigroup Inc Guaranteed) (b) | 480000 | 508097 |
| Main Street Natural Gas Inc 5% tender 6/1/2055 (Toronto Dominion Bank Guaranteed) (b) | 1115000 | 1190904 |
| Main Street Natural Gas Inc Series 2019 C, 4% tender 3/1/2050 (Citigroup Inc Guaranteed) (b) | 4055000 | 4078074 |
| Main Street Natural Gas Inc Series 2022 C, 4% tender 8/1/2052 (b)(g) | 3000000 | 2997541 |
| Main Street Natural Gas Inc Series 2022A, 4% 12/1/2025 (Citigroup Inc Guaranteed)  | 2750000 | 2755781 |
| Main Street Natural Gas Inc Series 2022A, 4% 12/1/2026 (Citigroup Inc Guaranteed)  | 245000 | 247761 |
| Main Street Natural Gas Inc Series 2022B, 5% 6/1/2026 (Citigroup Inc Guaranteed)  | 800000 | 811050 |
| Main Street Natural Gas Inc Series 2022B, 5% tender 12/1/2052 (Citigroup Inc Guaranteed) (b) | 1300000 | 1361662 |
| Main Street Natural Gas Inc Series 2023B, 5% 3/1/2026 (Royal Bank of Canada Guaranteed)  | 930000 | 938594 |
| Main Street Natural Gas Inc Series 2023B, 5% 9/1/2025 (Royal Bank of Canada Guaranteed)  | 700000 | 700068 |
| Main Street Natural Gas Inc Series 2023D, 5% 12/1/2025 (Citigroup Inc Guaranteed)  | 1550000 | 1557108 |
| Main Street Natural Gas Inc Series 2023D, 5% 12/1/2026 (Citigroup Inc Guaranteed)  | 620000 | 634512 |
| Main Street Natural Gas Inc Series 2023D, 5% 12/1/2027 (Citigroup Inc Guaranteed)  | 1700000 | 1767439 |
| Main Street Natural Gas Inc Series 2023D, 5% 12/1/2028 (Citigroup Inc Guaranteed)  | 1850000 | 1950798 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 3/1/2026 (Royal Bank of Canada Guaranteed)  | 680000 | 686284 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 3/1/2028 (Royal Bank of Canada Guaranteed)  | 1025000 | 1073791 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 9/1/2025 (Royal Bank of Canada Guaranteed)  | 500000 | 500049 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 9/1/2026 (Royal Bank of Canada Guaranteed)  | 550000 | 560450 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% 9/1/2028 (Royal Bank of Canada Guaranteed)  | 900000 | 950912 |
| Main Street Natural Gas Inc Series 2024 A 1, 5% tender 5/1/2054 (Royal Bank of Canada Guaranteed) (b) | 310000 | 331084 |
| Main Street Natural Gas Inc Series 2024B, 5% 9/1/2026 (Royal Bank of Canada Guaranteed)  | 275000 | 280225 |
| Main Street Natural Gas Inc Series 2024C, 5% 12/1/2026 (Citibank NA Guaranteed), (Citigroup Inc Guaranteed)  | 875000 | 895481 |
| Main Street Natural Gas Inc Series 2024D, 5% tender 4/1/2054 (Toronto Dominion Bank Guaranteed) (b) | 1000000 | 1065496 |
| Main Street Natural Gas Inc Series 2024E, 5% 12/1/2025  | 2600000 | 2611924 |
|  |  | 41273364 |
| Health Care - 0.5% |  |  |
| Cobb Cnty GA Kennestone Hosp (Wellstar Health System Inc Proj.) Series 2025 A, 2.83% 4/1/2047, LOC Bank of America NA VRDN (b) | 15100000 | 15100000 |
| Housing - 0.2% |  |  |
| Atlanta GA Urban Resdtl Fin Auth Mf Hsg Rev (North Block Assoc Proj.) 3.4% tender 2/1/2029 (b) | 2500000 | 2536913 |
| Decatur GA Hsg Auth Multifamily Hsg Rev Series 2025, 3.6% tender 8/1/2028 (b) | 1225000 | 1244432 |
| Warner Robins GA Hsg Auth Multifamily Rev Series 2024, 5% tender 2/1/2029 (b) | 2500000 | 2629083 |
|  |  | 6410428 |
| Other - 0.2% |  |  |
| City of Atlanta GA 2.82% 9/17/2025 CP  | 2500000 | 2500058 |
| City of Atlanta GA Gen. Oblig. 2.81% 9/17/2025 CP (b) | 4500000 | 4500105 |
| Columbia GA Hsg Au Mlti Fam Rv 5% tender 4/1/2028 (b) | 1250000 | 1292421 |
|  |  | 8292584 |
| Synthetics - 0.0% |  |  |
| Buford Hsg Auth Multi Fam Participating VRDN Series 2023 XF3118, 3.01% 3/1/2041 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e) | 1600000 | 1600000 |
| Transportation - 0.2% |  |  |
| Atlanta GA Arpt Rev 5% 7/1/2026 (d) | 1000000 | 1020248 |
| Atlanta GA Arpt Rev Series 2023G, 5% 7/1/2026 (d) | 2250000 | 2295558 |
| Atlanta GA Arpt Rev Series 2023G, 5% 7/1/2027 (d) | 2045000 | 2129551 |
|  |  | 5445357 |
| Water & Sewer - 0.1% |  |  |
| Atlanta GA Wtr & Wastewtr Rev 3% 9/3/2025, LOC TD Bank NA CP  | 2524000 | 2524062 |
| TOTAL GEORGIA |  | 130080948 |
| Guam - 0.0%  |  |  |
| Electric Utilities - 0.0% |  |  |
| Guam Power Auth. 5% 10/1/2025  | 870000 | 871318 |
| Hawaii - 0.5%  |  |  |
| General Obligations - 0.2% |  |  |
| Hawaii St Gen. Oblig. Series 2016 FB, 4% 4/1/2029  | 6000000 | 6038519 |
| Honolulu HI City & Cnty Gen. Oblig. Series 2022 A, 5% 11/1/2026  | 815000 | 839810 |
|  |  | 6878329 |
| Housing - 0.2% |  |  |
| Hawaii St Hsg Fin & Dev Corp Multifamily Rev 3.3% tender 12/1/2029 (b) | 4205000 | 4255753 |
| Honolulu HI City & Cnty Mfr Series 2023, 5% tender 6/1/2027 (b) | 2080000 | 2112817 |
|  |  | 6368570 |
| Synthetics - 0.1% |  |  |
| Hawaii St Arpts Sys Rev Participating VRDN 2.93% 7/1/2048 (Liquidity Facility Morgan Stanley Bank NA) (b)(d)(e) | 2200000 | 2200000 |
| TOTAL HAWAII |  | 15446899 |
| Idaho - 0.1%  |  |  |
| Health Care - 0.0% |  |  |
| Idaho Health Facs Auth Rev (St Lukes Regional Med Ctr, ID Proj.) Series 2021 A, 5% 3/1/2032  | 505000 | 557534 |
| Housing - 0.1% |  |  |
| Idaho Hsg & Fin Assn (ID Single Family Hsg 7/1/19 Proj.) Series 2019 A, 4% 1/1/2050  | 20000 | 20198 |
| Idaho Hsg & Fin Assn Multifamily Hsg Rev 3.35% tender 6/10/2050 (b) | 2500000 | 2518377 |
|  |  | 2538575 |
| TOTAL IDAHO |  | 3096109 |
| Illinois - 4.8%  |  |  |
| Education - 0.3% |  |  |
| Illinois Fin Auth Rev (Bradley University Proj.) Series 2017 C, 5% 8/1/2026  | 35000 | 35603 |
| Illinois Fin Auth Rev 3.05% 9/15/2025 CP  | 4000000 | 4000425 |
| Illinois Fin Auth Rev 3.05% 9/16/2025 CP  | 4900000 | 4900490 |
| Illinois Finance Authority Rev (Lake Forest College Proj.) Series 2022A, 5% 10/1/2025  | 260000 | 260229 |
| Illinois Finance Authority Rev (Univ of Chicago, IL Proj.) Series 2021 A, 5% 10/1/2025  | 2000000 | 2004201 |
| Northern IL Univ Revs Series 2020 B, 5% 4/1/2026 (Build America Mutual Assurance Co Insured)  | 650000 | 657753 |
|  |  | 11858701 |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Metropolitan Pier & Expo Auth Hosp Facs Rev 7% 7/1/2026 (Escrowed to Maturity)  | 575000 | 595403 |
| Railsplitter Tobacco Settlement Auth Settlement Rev Series 2017, 5% 6/1/2026 (Escrowed to Maturity)  | 940000 | 957984 |
| Railsplitter Tobacco Settlement Auth Settlement Rev Series 2017, 5% 6/1/2027 (Pre-refunded to 6/1/2026 at 100)  | 2385000 | 2430631 |
| Railsplitter Tobacco Settlement Auth Settlement Rev Series 2017, 5% 6/1/2028 (Pre-refunded to 6/1/2026 at 100)  | 4545000 | 4631957 |
|  |  | 8615975 |
| General Obligations - 2.1% |  |  |
| Champaign County Community Unit School District No 4 Champaign 0% 1/1/2026 (h) | 800000 | 791196 |
| Chicago IL Gen. Oblig. Series 2015 C, 5% 1/1/2028  | 1065000 | 1070253 |
| Chicago IL Gen. Oblig. Series 2020A, 5% 1/1/2027  | 3600000 | 3674531 |
| Chicago IL Gen. Oblig. Series 2021 B, 4% 1/1/2030  | 1652000 | 1674887 |
| Chicago IL Met Water Recl Dist Gen. Oblig. Series A, 5% 12/1/2027  | 3035000 | 3124454 |
| Cook Cnty IL Gen. Oblig. 5% 11/15/2025  | 50000 | 50246 |
| Cook Cnty IL Gen. Oblig. 5% 11/15/2026  | 3900000 | 4019220 |
| Cook Cnty IL Gen. Oblig. Series 2021 B, 4% 11/15/2025  | 465000 | 466359 |
| Cook Cnty IL Gen. Oblig. Series 2021 B, 4% 11/15/2026  | 4370000 | 4452115 |
| Cook Cnty IL Gen. Oblig. Series 2022 A, 5% 11/15/2025  | 3220000 | 3235859 |
| Illinois St Gen. Oblig. 5% 3/1/2026  | 3185000 | 3222425 |
| Illinois St Gen. Oblig. Series 2016, 5% 1/1/2026  | 300000 | 302322 |
| Illinois St Gen. Oblig. Series 2016, 5% 1/1/2030  | 3000000 | 3020568 |
| Illinois St Gen. Oblig. Series 2017 A, 5% 12/1/2025  | 710000 | 714063 |
| Illinois St Gen. Oblig. Series 2017C, 5% 11/1/2029  | 1000000 | 1047369 |
| Illinois St Gen. Oblig. Series 2017D, 3.25% 11/1/2026  | 4910000 | 4935741 |
| Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2025  | 920000 | 923481 |
| Illinois St Gen. Oblig. Series 2017D, 5% 11/1/2026  | 1755000 | 1802371 |
| Illinois St Gen. Oblig. Series 2018 A, 5% 10/1/2025  | 2605000 | 2609832 |
| Illinois St Gen. Oblig. Series 2018A, 6% 5/1/2026  | 880000 | 899319 |
| Illinois St Gen. Oblig. Series MAY 2023 C, 5% 5/1/2026  | 1500000 | 1523133 |
| Illinois St Gen. Oblig. Series MAY 2023 C, 5% 5/1/2029  | 1005000 | 1086547 |
| Illinois St Gen. Oblig. Series MAY 2023D, 5% 7/1/2026  | 5000000 | 5096302 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2026  | 1500000 | 1523133 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2027  | 2920000 | 3031410 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2028  | 625000 | 662966 |
| Illinois St Gen. Oblig. Series MAY 2024 B, 5% 5/1/2029  | 1000000 | 1079325 |
| Illinois St Gen. Oblig. Series OCT 2020 B, 5% 10/1/2025  | 5000000 | 5009275 |
| Illinois St Gen. Oblig. Series OCT 2020 B, 5% 10/1/2028  | 1030000 | 1100630 |
| Kane Cook & DuPage Cntys IL Sch Dist Series 2024, 5% 1/1/2027  | 500000 | 516659 |
| Kane Cook & DuPage Cntys IL Sch Dist Series 2024, 5% 1/1/2030  | 550000 | 602659 |
| Kane McHenry Cook & DuPage Cntys IL Sch Dist Series 2015, 5% 1/1/2027  | 395000 | 395573 |
| Mchenry Cnty IL Comnty SD #200 0% 1/15/2026 (National Public Finance Guarantee Corporation Insured) (h) | 80000 | 79193 |
|  |  | 63743416 |
| Health Care - 0.2% |  |  |
| Illinois Fin Auth Rev (Mercy Alliance Inc Proj.) Series 2016, 5% 12/1/2025  | 430000 | 432361 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2015 A, 5% 11/15/2025  | 170000 | 170587 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2015 A, 5% 11/15/2026  | 95000 | 95371 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2016, 5% 5/15/2026  | 20000 | 20246 |
| Illinois Fin Auth Rev (Osf Healthcare System Proj.) Series 2016, 5% 5/15/2027  | 140000 | 142098 |
| Illinois Finance Authority Rev (Osf Healthcare System Proj.) Series 2020 B 2, 5% tender 5/15/2050 (b) | 3000000 | 3039134 |
| Illinois Finance Authority Rev (University Of Chicago Hosps,Il Proj.) 5% tender 8/15/2052 (b) | 3000000 | 3110159 |
|  |  | 7009956 |
| Housing - 0.1% |  |  |
| Illinois Hsg Dev Auth Multifamily Hsg Rev 5% tender 2/1/2027 (b) | 505000 | 509393 |
| Illinois Hsg Dev Auth Multifamily Hsg Rev Series 2023, 5% tender 2/1/2027 (b) | 2050000 | 2067833 |
|  |  | 2577226 |
| Other - 0.1% |  |  |
| Illinois Fin Auth Rev Series 2019, U.S. SOFR Index + 1.2%, 4.252% tender 11/1/2034 (b)(c)(i) | 3905000 | 3901840 |
| Special Tax - 0.1% |  |  |
| Cook Cnty Ill Sales Tax Rev Series 2024, 5% 11/15/2027  | 500000 | 525598 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 12/15/2029 (National Public Finance Guarantee Corporation Insured) (h) | 575000 | 500563 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 0% 6/15/2029 (National Public Finance Guarantee Corporation Insured) (h) | 1000000 | 886393 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 5% 12/15/2028  | 1000000 | 1042879 |
| Metropolitan Pier & Exposition Auth Ill Dedicated St Tax Rev 5% 6/15/2029  | 1675000 | 1745623 |
|  |  | 4701056 |
| Synthetics - 0.6% |  |  |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN 2.87% 1/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(e) | 13700000 | 13700000 |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN Series 2023 XF1457, 4.35% 1/1/2053 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(e) | 1385000 | 1385000 |
| Chicago IL O'Hare Intl Arpt Rev Participating VRDN Series 2025 ZF1980, 2.89% 1/1/2059 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(e) | 2400000 | 2400000 |
| Chicago Ill Tran Auth Sales Tax Rcpts Rev Participating VRDN Series 2024 XF3290, 2.87% 12/1/2049 (Liquidity Facility Wells Fargo Bank NA) (b)(e) | 1600000 | 1600000 |
| Illinois Fin Auth Lease Rev Participating VRDN Series 2024 MIZ9167, 4.07% 5/15/2034 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e) | 2000000 | 2000000 |
|  |  | 21085000 |
| Transportation - 0.9% |  |  |
| Chicago IL Midway Arpt Rev Series 2023 C, 5% 1/1/2027 (d) | 1595000 | 1635339 |
| Chicago IL Midway Arpt Rev Series 2024A, 5% 1/1/2026 (d) | 700000 | 705115 |
| Chicago IL Midway Arpt Rev Series 2024A, 5% 1/1/2027 (d) | 2500000 | 2563227 |
| Chicago IL O'Hare Intl Arpt Rev 5% 1/1/2027 (d) | 7500000 | 7724399 |
| Chicago IL O'Hare Intl Arpt Rev 5% 1/1/2027 (d) | 85000 | 87543 |
| Chicago IL O'Hare Intl Arpt Rev Series 2022 C, 5% 1/1/2026 (d) | 900000 | 907026 |
| Chicago IL O'Hare Intl Arpt Rev Series 2024C, 5% 1/1/2028 (d) | 5815000 | 6092873 |
| Chicago IL O'Hare Intl Arpt Rev Series 2024E, 5% 1/1/2026 (d) | 2615000 | 2635414 |
| Chicago IL Tran Auth Cap Grnt Rcpts Rev Series 5307, 5% 6/1/2026  | 2000000 | 2030619 |
| Chicago IL Tran Auth Cap Grnt Rcpts Rev Series 5337, 5% 6/1/2026  | 2750000 | 2792102 |
|  |  | 27173657 |
| Water & Sewer - 0.2% |  |  |
| Chicago IL Wastewater Transmission Rev Series 2024B, 5% 1/1/2030 (Build America Mutual Assurance Co Insured)  | 1825000 | 1996599 |
| Illinois Fin Auth Wtr Fac Rev 3.875% tender 5/1/2040 (b) | 1500000 | 1471340 |
| Illinois Finance Authority Rev (IL Wtr State Rev Fund Proj.) 5% 1/1/2027 (i) | 1275000 | 1311170 |
| Illinois Finance Authority Rev (IL Wtr State Rev Fund Proj.) 5% 1/1/2028 (i) | 465000 | 490783 |
| Illinois Finance Authority Rev (IL Wtr State Rev Fund Proj.) 5% 7/1/2029 (i) | 2000000 | 2177706 |
|  |  | 7447598 |
| TOTAL ILLINOIS |  | 158114425 |
| Indiana - 1.8%  |  |  |
| Electric Utilities - 0.3% |  |  |
| Indiana Mun Pwr Agy Pwr Supply Series 2025A, 5% 1/1/2027  | 4000000 | 4141476 |
| Rockport Ind Pollution Ctl Rev (Indiana Michigan Power Co Proj.) Series 2025 A, 3.7% tender 6/1/2047 (b) | 5120000 | 5194317 |
|  |  | 9335793 |
| General Obligations - 0.1% |  |  |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024 A, 5% 1/15/2029 (Build America Mutual Assurance Co Insured)  | 450000 | 485096 |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024 A, 5% 7/15/2027 (Build America Mutual Assurance Co Insured)  | 500000 | 521733 |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024 A, 5% 7/15/2028 (Build America Mutual Assurance Co Insured)  | 1175000 | 1254040 |
| Westfield Washington Ind Multi (Westfield-Wash Ind Schs Proj.) Series 2024 A, 5% 7/15/2029 (Build America Mutual Assurance Co Insured)  | 600000 | 652673 |
|  |  | 2913542 |
| Health Care - 0.2% |  |  |
| Indiana Fin Auth Health Fac Rev (Hendricks Reg Hlth Proj.) Series 2024, 5% 3/1/2027  | 230000 | 237524 |
| Indiana Fin Auth Health Fac Rev (Hendricks Reg Hlth Proj.) Series 2024, 5% 3/1/2028  | 340000 | 356947 |
| Indiana Fin Auth Health Fac Rev (Hendricks Reg Hlth Proj.) Series 2024, 5% 3/1/2029  | 380000 | 405281 |
| Indiana Fin Auth Health Fac Rev (Hendricks Reg Hlth Proj.) Series 2024, 5% 3/1/2030  | 500000 | 539864 |
| Indiana Fin Auth Health Sys Rev (Indiana University Health Proj.) Series 2023B1, 5% tender 10/1/2062 (b) | 640000 | 676068 |
| Indiana Fin Auth Hosp Rev (Indiana University Health Proj.) Series 2011 M, 0.7% tender 12/1/2046 (b) | 3680000 | 3632693 |
| Indiana St Fin Auth Rev (Community Foundation of Northwest Indiana Inc Proj.) 5% 9/1/2025  | 600000 | 600075 |
| Indiana St Fin Auth Rev (Community Foundation of Northwest Indiana Inc Proj.) 5% 9/1/2026  | 205000 | 209855 |
|  |  | 6658307 |
| Housing - 0.0% |  |  |
| Indiana St Hsg & Cmnty Dev Single Fam Hsg Rev (IN Sfm Revenue Bonds 6/1/2016 Proj.) 3% 1/1/2052  | 670000 | 663884 |
| Industrial Development - 0.7% |  |  |
| Whiting Ind Environmental Facs (Bp Products North America Inc Proj.) Series 2019A, 5% tender 12/1/2044 (BP PLC Guaranteed) (b)(d) | 24500000 | 24791491 |
| Lease Revenue - 0.2% |  |  |
| Fort Wayne IN Redev Auth Lease Rent Rev Series 2022, 4% 8/1/2026  | 895000 | 907837 |
| Indiana St Fin Auth Rev Series 2025A, 5% 2/1/2030  | 5000000 | 5460019 |
|  |  | 6367856 |
| Resource Recovery - 0.2% |  |  |
| Indiana St Dev Fin Au Sol Wst (Waste Management Inc Del Proj.) 4.6% tender 10/1/2031 (b)(d) | 5000000 | 5037025 |
| Indiana St Fin Auth Economic Dev Rev (Republic Services Inc Proj.) Series 2010A, 3.95% tender 5/1/2028 (b)(d) | 1900000 | 1900000 |
|  |  | 6937025 |
| Special Tax - 0.0% |  |  |
| Indianapolis IN Local PIB Bank Lo Income Tax Rev (Indianapolis Pub Trans Corp Proj.) Series 2025 A, 5% 1/15/2030  | 175000 | 192730 |
| Indianapolis IN Local PIB Bank Lo Income Tax Rev (Indianapolis Pub Trans Corp Proj.) Series 2025 A, 5% 7/15/2028  | 275000 | 295316 |
| Indianapolis IN Local PIB Bank Lo Income Tax Rev (Indianapolis Pub Trans Corp Proj.) Series 2025 A, 5% 7/15/2029  | 475000 | 519816 |
| Indianapolis IN Local PIB Bank Lo Income Tax Rev (Indianapolis Pub Trans Corp Proj.) Series 2025 A, 5% 7/15/2030  | 275000 | 304357 |
|  |  | 1312219 |
| Transportation - 0.1% |  |  |
| Indianapolis IN Loc Pub Impt Bd Bank (Indianapolis IN Arpt Auth Rev Proj.) Series 2019 D, 5% 1/1/2026 (d) | 1000000 | 1007707 |
| Indianapolis Local Public Improvement Bond Bank (Indianapolis IN Arpt Auth Rev Proj.) Series 2023I 2, 5% 1/1/2026 (d) | 385000 | 387967 |
| Indianapolis Local Public Improvement Bond Bank (Indianapolis IN Arpt Auth Rev Proj.) Series 2023I 2, 5% 1/1/2027 (d) | 760000 | 780726 |
|  |  | 2176400 |
| TOTAL INDIANA |  | 61156517 |
| Iowa - 0.5%  |  |  |
| Education - 0.0% |  |  |
| Iowa Student Ln Liquidity Corp (Iowa Student Ln 10/1/19 Proj.) Series 2019 B, 5% 12/1/2025 (d) | 985000 | 990100 |
| Electric Utilities - 0.1% |  |  |
| Iowa Fin Auth Sld Disp Wst Rev (Midamerican Energy Co Proj.) Series 2016 B, 2.86% 12/1/2046 VRDN (b)(d) | 4600000 | 4600000 |
| General Obligations - 0.3% |  |  |
| Pefa Inc Iowa Gas Proj Rev Series 2019, 5% tender 9/1/2049 (Goldman Sachs Group Inc/The Guaranteed) (b) | 7000000 | 7119931 |
| Industrial Development - 0.1% |  |  |
| Iowa Fin Auth Solid Waste Facs Rev 3.875% tender 1/1/2042, LOC Citibank NA (b)(d) | 2890000 | 2894477 |
| Other - 0.0% |  |  |
| Mahaska Cnty Iowa Gen. Oblig. Series 2024A, 5% 12/1/2025  | 1625000 | 1629973 |
| TOTAL IOWA |  | 17234481 |
| Kansas - 0.9%  |  |  |
| Electric Utilities - 0.2% |  |  |
| Burlington Kans Envr Imprv Rev (Evergy Kansas Metro Proj.) 2.91% 9/1/2035 VRDN (b) | 5000000 | 5000000 |
| Wyandotte Cnty Kansas City Util Sys Rev Series 2016A, 5% 9/1/2025  | 15000 | 15002 |
|  |  | 5015002 |
| General Obligations - 0.2% |  |  |
| Valley Center Kans Gen. Oblig. 4.375% 12/1/2025  | 2890000 | 2891752 |
| Wichita KS Gen. Oblig. BAN Series 318, 4% 10/15/2025  | 5000000 | 5008209 |
|  |  | 7899961 |
| Housing - 0.1% |  |  |
| Kansas St Dev Fin Auth Multifamily Hsg Rev (Seasons Proj.) Series 2025F, 2.95% tender 9/1/2059 (b) | 2610000 | 2611058 |
| Shawnee Cnty KS Mf Hsg Revenue Series 2025 A, 3.75% tender 5/1/2059 (b) | 1700000 | 1719328 |
|  |  | 4330386 |
| Other - 0.4% |  |  |
| Manhattan KS 5% 6/15/2028  | 6000000 | 6096332 |
| Park City Kans Gen. Oblig. Series 2024 1, 3.625% 10/1/2027  | 5000000 | 5002007 |
|  |  | 11098339 |
| TOTAL KANSAS |  | 28343688 |
| Kentucky - 2.0%  |  |  |
| Electric Utilities - 0.3% |  |  |
| Carroll Cnty KY Pollution Ctl Rev (Kentucky Utilities Co Proj.) Series 2016 A, 1.55% tender 9/1/2042 (b) | 500000 | 488431 |
| Trimble Cnty KY Environmental Facs Rev (Kentucky Utilities Co Proj.) 4.7% tender 6/1/2054 (b)(d) | 8980000 | 9093770 |
|  |  | 9582201 |
| General Obligations - 0.3% |  |  |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2019C 1, 4% tender 2/1/2050 (Morgan Stanley Guaranteed) (b) | 8000000 | 8122591 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2020 A, 4% tender 12/1/2050 (BP PLC Guaranteed) (b) | 325000 | 326909 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024A, 5% 7/1/2026 (Goldman Sachs Group Inc/The Guaranteed)  | 500000 | 507178 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024A, 5% 7/1/2027 (Goldman Sachs Group Inc/The Guaranteed)  | 575000 | 592710 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024B, 5% 2/1/2026  | 300000 | 302081 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024B, 5% 2/1/2027  | 365000 | 374151 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2024B, 5% 8/1/2026  | 250000 | 254015 |
| Kentucky Inc KY Pub Energy Auth Gas Supply Rev Series 2025A, 5.25% tender 6/1/2055 (Morgan Stanley Guaranteed) (b) | 1000000 | 1064725 |
| Kentucky Interlocal Sch Transn Assn Equip Lease Rev Ctfs Partn Series 2023, 4% 3/1/2026  | 1105000 | 1112203 |
| Kentucky St Pty & Bldgs Commn (Kentucky St Proj.) Series A, 5% 4/1/2026  | 1375000 | 1395544 |
|  |  | 14052107 |
| Health Care - 0.3% |  |  |
| Ashland KY Med Ctr Rev (Royal Blue Health Proj.) 5% 2/1/2026  | 550000 | 553756 |
| Kentucky Econ Dev Fin Auth (Commonspirit Health Proj.) 2.97% 5/1/2034 VRDN (b) | 4280000 | 4280000 |
| Louisville & Jefferson Cnty KY Metro Govt Health Sys Rev (Norton Healthcare Inc Proj.) 5% tender 10/1/2047 (b) | 2015000 | 2058027 |
| Louisville & Jefferson Cnty KY Metro Govt Health Sys Rev (Norton Healthcare Inc Proj.) Series 2023 A, 5% 10/1/2026  | 700000 | 716301 |
| Louisville & Jefferson Cnty KY Metro Govt Health Sys Rev (Norton Healthcare Inc Proj.) Series 2023 A, 5% 10/1/2027  | 1700000 | 1781636 |
|  |  | 9389720 |
| Industrial Development - 0.5% |  |  |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 A 1, 4.45% 7/1/2060 VRDN (b)(d) | 6820000 | 6820000 |
| Meade Cnty KY Indl Bldg Rev (Nucor Corp Proj.) Series 2020 B 1, 4.45% 7/1/2060 VRDN (b)(d) | 7000000 | 7000000 |
|  |  | 13820000 |
| Other - 0.2% |  |  |
| Kentucky State University Series 2021, 5% 11/1/2025  | 280000 | 281014 |
| Mercer Cnty KY Pollution Ctl Rev 3.1% tender 9/4/2025 CP mode  | 7400000 | 7400106 |
|  |  | 7681120 |
| Water & Sewer - 0.4% |  |  |
| Rural Wtr Fing Agy KY Pub Projs Rev Series 2023A, 3.9% 11/1/2025  | 2500000 | 2501231 |
| Rural Wtr Fing Agy KY Pub Projs Rev Series 2024A, 3.7% 5/1/2027  | 5000000 | 5000473 |
| Rural Wtr Fing Agy KY Pub Projs Rev Series 2024B, 3.05% 5/1/2027  | 5000000 | 5000725 |
|  |  | 12502429 |
| TOTAL KENTUCKY |  | 67027577 |
| Louisiana - 0.9%  |  |  |
| Housing - 0.0% |  |  |
| Louisiana Hsg Corp Single Family Mtg Rev (LA Home Ownership Proj.) 5.75% 12/1/2053  | 165000 | 179940 |
| Industrial Development - 0.6% |  |  |
| St James Parish LA Rev (Nucor Corp Proj.) 2.97% 11/1/2040 VRDN (b) | 1850000 | 1850000 |
| St James Parish LA Rev (Nucor Corp Proj.) 2.99% 11/1/2040 VRDN (b) | 9600000 | 9600000 |
| St John Baptist Parish LA Rev (Conocophillips Inc Proj.) 4.05% tender 6/1/2037 (b) | 3045000 | 3070736 |
| St John Baptist Parish LA Rev (Conocophillips Inc Proj.) Series 2017B 2, 2.375% tender 6/1/2037 (b) | 2500000 | 2487068 |
| St John Baptist Parish LA Rev Series 2017 C, 3.3% tender 6/1/2037 (b) | 2000000 | 2017346 |
|  |  | 19025150 |
| Special Tax - 0.1% |  |  |
| Louisiana St Gas & Fuel Tax Rv Series 2022 A, U.S. SOFR Index + 0.5%, 3.552% tender 5/1/2043 (b)(c) | 3845000 | 3836698 |
| Transportation - 0.2% |  |  |
| New Orleans LA Aviation Board 5% 1/1/2026 (d) | 1280000 | 1289566 |
| New Orleans LA Aviation Board 5% 1/1/2026 (d) | 215000 | 216606 |
| New Orleans LA Aviation Board 5% 1/1/2027 (d) | 1430000 | 1470322 |
| New Orleans LA Aviation Board 5% 1/1/2028 (d) | 2690000 | 2816063 |
|  |  | 5792557 |
| TOTAL LOUISIANA |  | 28834345 |
| Maine - 0.0%  |  |  |
| Education - 0.0% |  |  |
| Maine Health & Higher Edl Facs Auth Rev (University of New England Proj.) 5% 7/1/2026  | 975000 | 992234 |
| Maryland - 1.3%  |  |  |
| General Obligations - 0.1% |  |  |
| Montgomery Cnty MD Gen. Oblig. Series 2022A, 5% 8/1/2026  | 1000000 | 1024517 |
| State of Maryland Gen. Oblig. Series 2017, 4% 3/15/2030  | 3000000 | 3060213 |
|  |  | 4084730 |
| Health Care - 0.4% |  |  |
| Baltimore Cnty MD Crest Vlg (Riderwood Vlg Inc Proj.) Series 2020, 5% 1/1/2026  | 140000 | 140762 |
| Maryland Health & Higher Educational Facilities Authority (Frederick Memorial Hospital MD Proj.) Series 2023, 5% 7/1/2027  | 1360000 | 1409257 |
| Montgomery Cnty MD Rev (Trinity Health Proj.) Series 2013 MD, 2.95% tender 12/1/2041 (b) | 11000000 | 11000000 |
|  |  | 12550019 |
| Housing - 0.3% |  |  |
| Maryland Community Development Administration (MD Mhsg Rev 1997 Proj.) Series 2023 D, 3.5% 1/1/2026  | 2805000 | 2812445 |
| Maryland Community Development Administration (Residential Revenue Bonds Proj.) Series 2019 B, 4% 9/1/2049  | 90000 | 90397 |
| Maryland Community Development Administration Series 2023 C, 5.25% 11/1/2025  | 6000000 | 6012101 |
|  |  | 8914943 |
| Other - 0.0% |  |  |
| Maryland St Econ Dev Corp Rev Series 2024A 1, 5% 6/1/2026  | 600000 | 608101 |
| Special Tax - 0.0% |  |  |
| Frederick Cnty MD Spl Oblig Series 2020 A, 5% 7/1/2027  | 980000 | 1018654 |
| State of Maryland Built to Learn Revenue Series 2021, 5% 6/1/2027  | 500000 | 522767 |
| State of Maryland Built to Learn Revenue Series 2022 A, 5% 6/1/2026  | 850000 | 866635 |
|  |  | 2408056 |
| Synthetics - 0.3% |  |  |
| Baltimore County Gen. Oblig. Participating VRDN 3.08% 1/1/2050 (Liquidity Facility Barclays Bank PLC) (b)(e) | 1600000 | 1600000 |
| Integrace Obligated Group Participating VRDN Series 2022 024, 3.08% 11/15/2049 (Liquidity Facility Barclays Bank PLC) (b)(e) | 3700000 | 3700000 |
| Maryland St Econ Dev Corp Participating VRDN Series 2024 XF3222, 2.96% 4/1/2054 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e) | 2600000 | 2600000 |
| State of Maryland Built to Learn Revenue Participating VRDN 2.78% 6/1/2054 (Liquidity Facility JP Morgan Chase Bank NA) (b)(e) | 1700000 | 1700000 |
|  |  | 9600000 |
| Transportation - 0.1% |  |  |
| Maryland St Dept Transn Spl Transn Proj Rev (Bwi Airport Proj.) 5% 8/1/2028 (Assured Guaranty Inc Insured) (d) | 1450000 | 1539076 |
| Maryland Trans Auth Psngr Fac Chrg Rev (Bwi Passenger Facilities Chrge Proj.) Series 2012B, 2.5% 6/1/2026 (d) | 670000 | 667715 |
| Maryland Trans Auth Psngr Fac Chrg Rev (Bwi Passenger Facilities Chrge Proj.) Series 2012B, 2.625% 6/1/2027 (d) | 550000 | 541310 |
|  |  | 2748101 |
| Water & Sewer - 0.1% |  |  |
| Baltimore MD Proj Rev (Baltimore Wastewater Util Rev Proj.) Series 2017 A, 5% 7/1/2029  | 755000 | 777724 |
| Baltimore MD Proj Rev (Baltimore Wtr Util Rev Proj.) Series 2017 A, 5% 7/1/2028  | 2000000 | 2065638 |
| Baltimore MD Proj Rev (Baltimore Wtr Util Rev Proj.) Series 2017 A, 5% 7/1/2029  | 1000000 | 1030098 |
|  |  | 3873460 |
| TOTAL MARYLAND |  | 44787410 |
| Massachusetts - 1.8%  |  |  |
| Education - 0.4% |  |  |
| Massachusetts Ed Ln Auth Ed Ln (Mefa Issue I Proj.) Series 2014 I, 5% 1/1/2026 (d) | 7000000 | 7012944 |
| Massachusetts Ed Ln Auth Ed Ln (Mefa Issue K Proj.) Series 2017 A, 5% 7/1/2026 (d) | 1000000 | 1015980 |
| Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2021B, 5% 7/1/2026 (d) | 2390000 | 2428192 |
| Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2022B, 5% 7/1/2026 (d) | 365000 | 370833 |
| Massachusetts Ed Ln Auth Ed Ln (Mefa Issue M Proj.) Series 2022B, 5% 7/1/2028 (d) | 1775000 | 1859079 |
| Massachusetts St Dev Fin Agy Rv (Emerson College, MA Proj.) Series 2025, 5% 1/1/2026  | 560000 | 563902 |
| Massachusetts St Dev Fin Agy Rv (Emerson College, MA Proj.) Series 2025, 5% 1/1/2027  | 505000 | 518425 |
|  |  | 13769355 |
| General Obligations - 0.2% |  |  |
| Hudson MA Gen. Oblig. BAN 5% 6/11/2026  | 1300000 | 1312236 |
| Spencer East Brookfield MA BAN 3.75% 12/18/2025  | 5000000 | 5010413 |
|  |  | 6322649 |
| Health Care - 0.3% |  |  |
| Massachusetts St Dev Fin Agy Rev (South Shore Hospital, MA Proj.) 5% 7/1/2026  | 20000 | 20361 |
| Massachusetts St Hlth & Ed Fac (Mass General Brigham Inc Proj.) 3.1% tender 7/1/2042 (Assured Guaranty Inc Insured) (b) | 8815000 | 8815000 |
|  |  | 8835361 |
| Housing - 0.0% |  |  |
| Massachusetts Hsg Fin Agy Series 2023 C2, 4% 12/1/2027  | 895000 | 903393 |
| Other - 0.6% |  |  |
| Massachusetts Development Finance Agency (Boston University Mass Proj.) 2.9% tender 11/5/2025 CP mode  | 5000000 | 5000820 |
| Massachusetts Hsg Fin Agy Series 2024 A 3, 3.6% 12/1/2026  | 14985000 | 15020655 |
|  |  | 20021475 |
| Special Tax - 0.3% |  |  |
| Mass Bay Tran Auth Sls Tax 2.9% 10/10/2025 CP  | 7000000 | 7000721 |
| Massachusetts St Sch Bldg Auth Dedicated Sales Tax Rev Series 2015C, 5% 8/15/2027  | 2400000 | 2402277 |
|  |  | 9402998 |
| Transportation - 0.0% |  |  |
| Massachusetts Port Auth Spl Fac Rev (Bosfuel Corporation Proj.) Series 2019 A, 5% 7/1/2027 (d) | 285000 | 295384 |
| TOTAL MASSACHUSETTS |  | 59550615 |
| Michigan - 1.4%  |  |  |
| Education - 0.1% |  |  |
| University MI Univ Revs 2.53% 4/1/2036 VRDN (b) | 2000000 | 2000000 |
| Wayne St Univ MI Univ Revs Series 2024A, 5% 11/15/2027 (Build America Mutual Assurance Co Insured)  | 500000 | 527744 |
|  |  | 2527744 |
| Electric Utilities - 0.1% |  |  |
| Lansing Mich Brd Wtr & Lt Util Sys Rev 2% tender 7/1/2051 (b) | 1000000 | 986947 |
| Michigan St Strategic Fd Ltd Oblig Rev (Consumers Energy Co Proj.) Series 2019, 3.35% tender 10/1/2049 (b)(d) | 3465000 | 3421335 |
|  |  | 4408282 |
| General Obligations - 0.1% |  |  |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2026  | 1130000 | 1144982 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2027  | 1190000 | 1227614 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2028  | 650000 | 682278 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2029  | 290000 | 308975 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2030  | 305000 | 328488 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2031  | 320000 | 346776 |
| Detroit MI Gen. Oblig. Series 2024, 5% 5/1/2032  | 335000 | 364070 |
| Lansing Mich Sch Dist Series 2025 II, 5% 5/1/2029 (State of Michigan Guaranteed)  | 200000 | 217753 |
| Portage MI Pub Schs 5% 11/1/2028  | 20000 | 20326 |
|  |  | 4641262 |
| Health Care - 0.0% |  |  |
| Kalamazoo MI Hosp Fin Auth Hosp Fac Rev (Bronson Methodist Hsp, MI Proj.) Series 2016, 5% 5/15/2026  | 15000 | 15218 |
| Kent MI Hosp Fin Auth (Corewell Health Proj.) SIFMA Municipal Swap Index + 0.25%, 2.98% tender 1/15/2047 (b)(c) | 965000 | 965000 |
| Michigan Fin Auth Rev (Mclaren Hlth Care Corp Proj.) 0.75% 10/15/2025  | 250000 | 249417 |
|  |  | 1229635 |
| Housing - 0.1% |  |  |
| Michigan St Hsg Dev Auth Mfrev Series 2024, 3.8% tender 7/1/2041 (b) | 2000000 | 2006782 |
| Lease Revenue - 0.4% |  |  |
| Michigan St Bldg Auth Rev Series 2023 I, 2.83% 4/15/2058 (b) | 10000000 | 10000000 |
| Other - 0.0% |  |  |
| Ludington Mich Area Sch Dist Series 2022 II, 5% 11/1/2025  | 1230000 | 1235205 |
| Michigan Finance Authority Series 2025A 2, 5% 8/20/2026  | 375000 | 383342 |
|  |  | 1618547 |
| Pooled Loans - 0.3% |  |  |
| Michigan Finance Authority RAN Series 2025 A 1, 5% 7/20/2026  | 9685000 | 9876092 |
| Synthetics - 0.1% |  |  |
| Western MI Univ Revs Participating VRDN Series 2025 YX1397, 2.77% 11/15/2054 (Liquidity Facility Barclays Bank PLC) (b)(e) | 4440000 | 4440000 |
| Transportation - 0.2% |  |  |
| Wayne Cnty Mich Arpt Auth Rev Series 2023 E, 5% 12/1/2028 (Assured Guaranty Inc Insured) (d) | 3000000 | 3199881 |
| Wayne Cnty Mich Arpt Auth Rev Series F, 5% 12/1/2025 (d) | 2735000 | 2748444 |
| Wayne Cnty Mich Arpt Auth Rev Series F, 5% 12/1/2026 (d) | 465000 | 465738 |
|  |  | 6414063 |
| TOTAL MICHIGAN |  | 47162407 |
| Minnesota - 1.1%  |  |  |
| Education - 0.3% |  |  |
| Minnesota Higher Ed Facs Auth Rev (University Of St Thomas, Mn Proj.) Series 2024 B 1, 5% tender 10/1/2053 (b) | 1000000 | 1031990 |
| Moorhead MN Edl Facs Rev (Concordia College/MN Proj.) Series 2016, 5% 12/1/2025  | 20000 | 20000 |
| University MN 2.79% 10/2/2025 CP  | 4500000 | 4499980 |
| University MN 2.92% 10/1/2025 CP  | 2500000 | 2500200 |
| University MN 3.05% 9/18/2025 CP  | 1600000 | 1600200 |
|  |  | 9652370 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| St Paul MN Hsg & Redev Auth Hosp Series 2015A, 5% 11/15/2027 (Pre-refunded to 11/15/2025 at 100)  | 400000 | 402000 |
| General Obligations - 0.1% |  |  |
| Minnesota Housing Finance Agency (Minnesota St Proj.) Series 2022 A, 5% 8/1/2026  | 1300000 | 1328259 |
| Minnesota Housing Finance Agency (Minnesota St Proj.) Series 2022 B, 5% 8/1/2026  | 100000 | 102174 |
| Minnesota Mun Gas Agy Commodity Supply Rev 4% tender 12/1/2052 (Royal Bank of Canada Guaranteed) (b) | 1725000 | 1753583 |
| Pelican Rapids Minn Gen. Oblig. Series 2024A, 4% 12/15/2025  | 2515000 | 2519663 |
|  |  | 5703679 |
| Health Care - 0.2% |  |  |
| Minneapolis MN Health Care Sys Rev (Allina Health System Proj.) Series 2023A, 5% tender 11/15/2052 (b) | 6470000 | 6852354 |
| Housing - 0.1% |  |  |
| Minnesota Housing Finance Agency (MN Residential Hsg 1995 Proj.) Series 2023 F, 5.75% 7/1/2053  | 110000 | 117803 |
| Minnesota St Hsg Fin Agy Series 2025F2, 3.7% 8/1/2026  | 2000000 | 2003860 |
|  |  | 2121663 |
| Other - 0.1% |  |  |
| Minnesota Rural Wtr Fin Auth 3.3% 8/1/2026  | 2000000 | 2004369 |
| Synthetics - 0.1% |  |  |
| Saint Paul Hsg & Redev Auth Rev Participating VRDN Series 2023 MIZ9145, 2.96% 6/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 2420000 | 2420000 |
| Transportation - 0.2% |  |  |
| Minneapolis Met Airport Commis Series 2019 C, 5% 1/1/2026  | 380000 | 383156 |
| Minneapolis Met Airport Commis Series 2022B, 5% 1/1/2026 (d) | 470000 | 473560 |
| Minneapolis Met Airport Commis Series 2022B, 5% 1/1/2027 (d) | 1580000 | 1619751 |
| Minneapolis Met Airport Commis Series 2024B, 5% 1/1/2027 (d) | 4755000 | 4874631 |
|  |  | 7351098 |
| TOTAL MINNESOTA |  | 36507533 |
| Mississippi - 0.3%  |  |  |
| Education - 0.1% |  |  |
| Jackson St Univ Edl Bldg Corp MS Rev Series 2021 A, 0.8% 3/1/2028 (Build America Mutual Assurance Co Insured) (b) | 3475000 | 3306812 |
| General Obligations - 0.0% |  |  |
| Mississippi Dev Bank Spl Obl (Lamar Cnty Miss Sch Dist Proj.) 5% 6/1/2029  | 175000 | 188636 |
| Industrial Development - 0.0% |  |  |
| Mississippi Bus Fin Corp Rev (Mississippi Power Co Proj.) Series 1999, 3.95% 12/1/2027 VRDN (b)(d) | 800000 | 800000 |
| Resource Recovery - 0.2% |  |  |
| Mississippi Bus Fin Corp Sld Wst Disp Rev (Waste Management Inc Del Proj.) 4.25% tender 3/1/2027 (b)(d) | 5000000 | 5044810 |
| TOTAL MISSISSIPPI |  | 9340258 |
| Missouri - 1.1%  |  |  |
| General Obligations - 0.0% |  |  |
| Jackson Cnty MO Spl Oblig Series 2032 A, 5% 12/1/2028  | 1000000 | 1076058 |
| Kearney MO Gen. Oblig. Series 2020, 2% 3/1/2034  | 715000 | 604629 |
|  |  | 1680687 |
| Health Care - 0.7% |  |  |
| Cape Girardeau Cnty MO Indl Dev Auth Health Care Facs Rev (Mercy Health Proj.) Series A, 5% 3/1/2026  | 20000 | 20227 |
| Missouri Hlth & Edl Facs Rev (Bjc Health System Proj.) Series 2021 C, 5% tender 5/1/2052 (b) | 10000000 | 10613566 |
| Missouri Hlth & Edl Facs Rev Series 2021 B, 4% tender 5/1/2051 (b) | 9135000 | 9205869 |
|  |  | 19839662 |
| Housing - 0.2% |  |  |
| Kansas City MO Planned Indl Expansion Auth Multifamily Hsg Rev Series 2023, 5% tender 7/1/2045 (b) | 1260000 | 1295545 |
| Missouri St Hsg Dev Com Sf Mtg (MO Hsg First Place Loan Prog 5/1/15 Proj.) Series 2019B, 4% 5/1/2050  | 45000 | 45375 |
| Missouri St Hsg Dev Com Sf Mtg (MO Hsg First Place Loan Prog 5/1/15 Proj.) Series 2021C, 3.25% 11/1/2052  | 85000 | 84900 |
| Saint Louis MO Indl Dev Auth 3.15% tender 4/1/2046 (b) | 3800000 | 3814999 |
|  |  | 5240819 |
| Lease Revenue - 0.0% |  |  |
| Barry Cnty MO Ctfs Partn 5% 10/1/2025  | 215000 | 215292 |
| Barry Cnty MO Ctfs Partn 5% 10/1/2026  | 550000 | 560246 |
|  |  | 775538 |
| Other - 0.0% |  |  |
| Missouri St Health & Edl Facs Series 2025A, 5% 2/1/2027  | 970000 | 991597 |
| Synthetics - 0.2% |  |  |
| Kansas City MO Indl Dev Auth Arpt Spl Oblig Participating VRDN 4.35% 3/1/2057 (Liquidity Facility JP Morgan Chase Bank NA) (b)(d)(e) | 4740000 | 4740000 |
| St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN 2.96% 10/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 1700000 | 1700000 |
|  |  | 6440000 |
| TOTAL MISSOURI |  | 34968303 |
| Montana - 0.0%  |  |  |
| Health Care - 0.0% |  |  |
| Montana Facility Fin Auth Rev (Benefis Health System Proj.) Series 2025 B, 5% tender 2/15/2065 (b) | 100000 | 107507 |
| Housing - 0.0% |  |  |
| Montana St Brd Hsg Single Family Mtg (MT Single Family Proj.) 3.5% 6/1/2050  | 200000 | 200649 |
| Montana St Brd Hsg Single Family Mtg (MT Single Family Proj.) Series 2019B, 4% 6/1/2050  | 20000 | 20295 |
| Montana St Brd Hsg Single Family Mtg (MT Single Family Proj.) Series 2022 A, 3% 6/1/2052  | 190000 | 188658 |
|  |  | 409602 |
| TOTAL MONTANA |  | 517109 |
| Nebraska - 0.5%  |  |  |
| General Obligations - 0.0% |  |  |
| Central Plains Energy Proj NE Gas Proj Rev Series 2023 A 1, 5% tender 5/1/2054 (Bank of Montreal Guaranteed) (b) | 1415000 | 1497813 |
| Health Care - 0.0% |  |  |
| Douglas Cnty NE Hosp Auth No 3 Rev Series 2015, 5% 11/1/2028  | 1250000 | 1254842 |
| Housing - 0.1% |  |  |
| Lincoln Neb Multifamily Hsg Rev Series 2024, 3.37% tender 1/10/2048 (b) | 2260000 | 2282247 |
| Nebraska Invt Fin Auth Sfh Rev (NE Single Family Hsg Proj.) Series 2019 B, 4% 9/1/2049 (d) | 55000 | 55259 |
|  |  | 2337506 |
| Industrial Development - 0.0% |  |  |
| Stanton Cnty NE Indl Dev Rev (Nucor Corp Proj.) 3.06% 11/1/2026 VRDN (b)(d) | 700000 | 700000 |
| Lease Revenue - 0.3% |  |  |
| Gretna Neb Ctfs Partn 5% 12/15/2025  | 4000000 | 4005620 |
| Gretna Neb Ctfs Partn Gen. Oblig. 4% 12/15/2025  | 2620000 | 2621945 |
|  |  | 6627565 |
| Synthetics - 0.1% |  |  |
| Omaha NE Arpt Auth Arpt Rev Participating VRDN 2.93% 12/15/2049 (Liquidity Facility Bank of America, N.A.) (b)(d)(e) | 3030000 | 3030000 |
| Transportation - 0.0% |  |  |
| Omaha NE Arpt Auth Arpt Rev Series 2024, 5% 12/15/2027 (Assured Guaranty Inc Insured) (d) | 1000000 | 1047361 |
| TOTAL NEBRASKA |  | 16495087 |
| Nevada - 0.2%  |  |  |
| Electric Utilities - 0.1% |  |  |
| Clark NV Pollutn Ctl Rev (Nevada Power Co Proj.) Series 2017, 3.75% tender 1/1/2036 (b) | 2065000 | 2068719 |
| Humboldt Cnty Nev Pcr (Sierra Pacific Power Co Proj.) Series 2016 A, 3.55% 10/1/2029  | 335000 | 343306 |
| Washoe Cnty NV Wtr Fac Rev (Sierra Pacific Power Co Proj.) Series 2016 G, 3.625% tender 3/1/2036 (b) | 270000 | 270216 |
| Washoe Cnty NV Wtr Fac Rev (Sierra Pacific Power Co Proj.) Series 2016C, 4.125% tender 3/1/2036 (b)(d) | 370000 | 370980 |
|  |  | 3053221 |
| Resource Recovery - 0.1% |  |  |
| Nevada Dpt Bus & Ind Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2001, 3.95% tender 12/1/2026 (b)(d)(g) | 2400000 | 2400656 |
| Transportation - 0.0% |  |  |
| Clark County NV Mccarran Airprt Rev Series 2019 E, 5% 7/1/2027  | 275000 | 287981 |
| Reno Tahoe Arpt Auth NV Arpt Rev Series 2024 A, 5% 7/1/2027 (d) | 200000 | 206817 |
| Reno Tahoe Arpt Auth NV Arpt Rev Series 2024 A, 5% 7/1/2028 (d) | 225000 | 236374 |
| Reno Tahoe Arpt Auth NV Arpt Rev Series 2024 A, 5% 7/1/2029 (d) | 580000 | 617906 |
|  |  | 1349078 |
| TOTAL NEVADA |  | 6802955 |
| New Hampshire - 0.7%  |  |  |
| Education - 0.4% |  |  |
| New Hampshire Health and Education Facilities Authority Act (Dartmouth College Proj.) Series 2015 C, 3.3% tender 6/1/2038 (b) | 2750000 | 2770493 |
| New Hampshire Health and Education Facilities Authority Act (Dartmouth College Proj.) Series 2015A, 3.3% tender 6/1/2040 (b) | 8030000 | 8089842 |
| New Hampshire Health and Education Facilities Authority Act (Dartmouth College Proj.) Series 2015D, 3.3% tender 6/1/2038 (b) | 3740000 | 3767872 |
|  |  | 14628207 |
| Housing - 0.1% |  |  |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) 3.8% 7/1/2026  | 1010000 | 1011794 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) Series 2023 4, 3.625% 4/1/2026  | 215000 | 215525 |
| New Hampshire St Hsg Fin Auth Multi-Family Hsg (NH Mhsg Rev 2017 Proj.) Series 2023 4, 3.7% 1/1/2027  | 670000 | 674580 |
|  |  | 1901899 |
| Resource Recovery - 0.1% |  |  |
| National Fin Auth NH Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2019 A 3, 4% tender 7/1/2033 (b)(d) | 2100000 | 2100375 |
| Synthetics - 0.1% |  |  |
| Nat'l Fin Auth NH Specialty Bonds Series 2024 MS0023, 3.03% tender 12/15/2030 (Liquidity Facility Morgan Stanley Bank NA) (b)(e)(f) | 4170000 | 4170000 |
| TOTAL NEW HAMPSHIRE |  | 22800481 |
| New Jersey - 3.4%  |  |  |
| Education - 1.0% |  |  |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2010-1 Proj.) 5% 12/1/2025 (d) | 420000 | 422028 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2012 Proj.) Series 1A, 5% 12/1/2025 (d) | 2500000 | 2514106 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2025 (d) | 2225000 | 2234022 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2018 Proj.) Series 2018 B, 5% 12/1/2027 (d) | 1245000 | 1294032 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 A, 5% 12/1/2025 (d) | 700000 | 703625 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2021 B, 5% 12/1/2026 (d) | 1425000 | 1454785 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023B, 5% 12/1/2025 (d) | 1800000 | 1809320 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023B, 5% 12/1/2026 (d) | 2000000 | 2041804 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (NJ Stud Loan 2021 Proj.) Series 2023B, 5% 12/1/2028 (d) | 1000000 | 1049019 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev (Nj Stud Loan 2025 Proj.) 5% tender 12/1/2056 (b)(d) | 2000000 | 2026053 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2024 B, 5% 12/1/2027 (d) | 2700000 | 2806334 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2025 1 A, 5% 12/1/2027 (d) | 1900000 | 1974828 |
| Higher Ed Student Assistance Auth NJ Student Ln Rev Series 2025 1 A, 5% 12/1/2028 (d) | 2000000 | 2095527 |
| Montclair State University Inc (Montclair State University Inc Proj.) Series 2025A, 5% 7/1/2028 (Assured Guaranty Inc Insured)  | 1250000 | 1336548 |
| New Jersey Educational Facilities Authority 2.95% 9/2/2025 CP  | 6500000 | 6500129 |
| New Jersey Institute of Technology/NJ Series 2025A, 5% 7/1/2029 (Build America Mutual Assurance Co Insured)  | 580000 | 632489 |
| New Jersey Institute of Technology/NJ Series 2025A, 5% 7/1/2030 (Build America Mutual Assurance Co Insured)  | 460000 | 509093 |
|  |  | 31403742 |
| Electric Utilities - 0.0% |  |  |
| New Jersey Eda Wtr Facs Rev (New Jersey American Wtr CO Inc Proj.) Series 2020 E, 0.85% 12/1/2025 (d) | 1600000 | 1585933 |
| General Obligations - 1.8% |  |  |
| Belleville NJ Tan Gen. Oblig. BAN 4% 7/7/2026  | 8100000 | 8164484 |
| Essex Cnty NJ Gen. Oblig. BAN Series 2025, 4% 7/8/2026  | 4000000 | 4048502 |
| Hudson Cnty NJ Impt Auth Lease Rev RAN Series B 1, 4% 6/24/2026  | 4400000 | 4447274 |
| Monmouth Cnty NJ Impt Auth Rev BAN Series 2025, 4% 3/13/2026  | 1000000 | 1007015 |
| New Brunswick NJ Pkg Auth Rev Series 2020 B, 5% 9/1/2025  | 850000 | 850113 |
| New Jersey Econom Dev Auth Rev (New Jersey St Proj.) Series 2016 AAA, 5% 6/15/2026  | 3375000 | 3439279 |
| New Jersey Econom Dev Auth Rev (New Jersey St Proj.) Series 2019 GGG, 5.25% 9/1/2025 (g) | 3000000 | 3000449 |
| New Jersey Econom Dev Auth Rev (New Jersey St Proj.) Series 2019 GGG, 5.25% 9/1/2026 (g) | 1510000 | 1550500 |
| New Jersey Econom Dev Auth Rev (New Jersey St Proj.) Series B, 5% 11/1/2025  | 350000 | 351330 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 5% 11/1/2025  | 1000000 | 1003804 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 5% 11/1/2026  | 1100000 | 1131294 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) 5% 6/15/2026  | 555000 | 565570 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2023 RRR, 5% 3/1/2026  | 5300000 | 5363192 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2023 RRR, 5% 3/1/2028  | 1000000 | 1061206 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5% 6/15/2026  | 1970000 | 2007520 |
| New Jersey Economic Dev Auth Rev (New Jersey St Proj.) Series 2024 SSS, 5% 6/15/2027  | 155000 | 161801 |
| New Jersey St Edl Facs Auth Rev (New Jersey St Proj.) Series 2023 A, 5% 9/1/2027  | 400000 | 419596 |
| New Jersey St Edl Facs Auth Rev (New Jersey St Proj.) Series 2023 A, 5% 9/1/2027  | 200000 | 209798 |
| New Jersey St Gen. Oblig. 4% 6/1/2031  | 1895000 | 2020701 |
| New Jersey Trans Trust Fund Auth 0% 12/15/2025 (h) | 1000000 | 992354 |
| New Jersey Trans Trust Fund Auth 0% 12/15/2025 (h) | 355000 | 352286 |
| New Jersey Trans Trust Fund Auth 0% 12/15/2027 (h) | 145000 | 136211 |
| New Jersey Trans Trust Fund Auth 5% 12/15/2025  | 200000 | 201345 |
| New Jersey Trans Trust Fund Auth Series 2023AA, 5% 6/15/2026  | 895000 | 912046 |
| Newark NJ Bd of Ed Bd 5% 7/15/2026 (Build America Mutual Assurance Co Insured)  | 300000 | 306854 |
| Newark NJ Gen. Oblig. BAN Series 2024 C, 4.25% 9/25/2025  | 8900000 | 8906714 |
| Newark NJ Gen. Oblig. Series 2020 A, 5% 10/1/2027  | 2200000 | 2310288 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2026  | 595000 | 610067 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2027  | 585000 | 614303 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2028  | 245000 | 261929 |
| NJ Hlth Care Facs Fing Auth Dept Human Svcs Lease (New Jersey St Proj.) Series 2024, 5% 9/15/2029  | 155000 | 168513 |
| Orange Twp NJ BAN 4% 3/18/2026  | 4700000 | 4728187 |
| Piscataway Twp NJ Gen. Oblig. 2% 2/1/2031  | 500000 | 470737 |
|  |  | 61775262 |
| Housing - 0.2% |  |  |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2023 C, 5% 11/1/2026 (d) | 1000000 | 1023144 |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev (NJ Multi-Family 12/16/04 Proj.) Series 2024 D 2, 2.85% 11/1/2026  | 2090000 | 2090694 |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev Series 2024 D 2, 2.9% 11/1/2027  | 1285000 | 1284958 |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev Series 2024 D 2, 2.95% 5/1/2028  | 1070000 | 1070109 |
|  |  | 5468905 |
| Other - 0.1% |  |  |
| NJ Hsg & Mtg Fin Agy Multi Fam Rev Series 2024B, 3.375% 11/1/2027  | 2250000 | 2268879 |
| Tobacco Bonds - 0.3% |  |  |
| Tobacco Settlement Fin Corp NJ 5% 6/1/2026  | 8800000 | 8936894 |
| Transportation - 0.0% |  |  |
| New Jersey Trans Trust Fund Auth (New Jersey St Grant Anticipati Proj.) Series 2016 A 1, 5% 6/15/2027  | 90000 | 91764 |
| New Jersey Turnpike Authority 5% 1/1/2028  | 455000 | 481973 |
| South Jersey Trans Auth NJ Trans Sys Rev Series 2025A, 5% 11/1/2028  | 1000000 | 1075669 |
|  |  | 1649406 |
| TOTAL NEW JERSEY |  | 113089021 |
| New Jersey,New York - 0.8%  |  |  |
| Transportation - 0.8% |  |  |
| Port Auth NY & NJ 5% 10/15/2028 (d) | 3320000 | 3534480 |
| Port Auth NY & NJ 5% 9/15/2025 (d) | 1685000 | 1686379 |
| Port Auth NY & NJ 5% 9/15/2026 (d) | 1205000 | 1233032 |
| Port Auth NY & NJ 5% 9/15/2029 (d) | 250000 | 262531 |
| Port Auth NY & NJ Series 193, 5% 10/15/2027 (d) | 1130000 | 1132678 |
| Port Auth NY & NJ Series 195, 5% 10/1/2025 (d) | 1065000 | 1066843 |
| Port Auth NY & NJ Series 195, 5% 10/1/2026 (d) | 525000 | 537735 |
| Port Auth NY & NJ Series 242, 5% 12/1/2025 (d) | 8525000 | 8571166 |
| Port Auth NY & NJ Series 242, 5% 12/1/2026 (d) | 4640000 | 4766553 |
| Port Auth NY & NJ Series 242, 5% 12/1/2027 (d) | 5000000 | 5237034 |
|  |  | 28028431 |
| TOTAL NEW JERSEY,NEW YORK |  | 28028431 |
| New Mexico - 0.4%  |  |  |
| General Obligations - 0.1% |  |  |
| Farmington NM Pollution Ctl Series 2010 D, 3.9% tender 6/1/2040 (b) | 3000000 | 3052933 |
| New Mexico Mun Energy Acquisition Auth Gas Supply Rev 5% tender 6/1/2054 (Royal Bank of Canada Guaranteed) (b) | 1255000 | 1338389 |
|  |  | 4391322 |
| Housing - 0.2% |  |  |
| New Mexico Mtg Fin Auth (NM SF Mortgage Proj.) Series 2018 A 1, 4% 1/1/2049  | 100000 | 100851 |
| New Mexico Mtg Fin Auth (NM SF Mortgage Proj.) Series 2023 C, 5.75% 3/1/2054  | 285000 | 307439 |
| New Mexico Mtg Fin Auth (NM Single Family Mortgage Proj.) Series 2019 C, 4% 1/1/2050  | 200000 | 201890 |
| New Mexico Mtg Fin Auth Mf Hsg Rev Series 2023, 2.97% tender 2/1/2042 (b)(i) | 3495000 | 3494854 |
| Santa Fe Cnty N Mex Multifamily Rev Series 2024, 3.29% tender 12/10/2049 (b) | 3000000 | 3018308 |
|  |  | 7123342 |
| Synthetics - 0.1% |  |  |
| New Mexico St Hosp Equip Ln Co Participating VRDN 3.08% 7/1/2042 (Liquidity Facility Barclays Bank PLC) (b)(e) | 1825000 | 1825000 |
| TOTAL NEW MEXICO |  | 13339664 |
| New York - 6.1%  |  |  |
| Education - 0.0% |  |  |
| New York St Dorm Auth Revs Non St Supported Debt (New School (The) Proj.) 5% 7/1/2026  | 200000 | 203568 |
| New York St Dorm Auth Revs Non St Supported Debt (New School (The) Proj.) 5% 7/1/2027  | 500000 | 519762 |
|  |  | 723330 |
| Electric Utilities - 0.1% |  |  |
| Long Island Pwr Auth NY Elec 1.5% tender 9/1/2051 (b) | 470000 | 462902 |
| Long Island Pwr Auth NY Elec Series 2025B, 3% tender 9/1/2055 (b) | 1935000 | 1935000 |
| New York St Pwr Auth 2.9% 9/9/2025 CP  | 2472000 | 2472066 |
|  |  | 4869968 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| New York St Urban Dev Corp Rev Series 2016 A, 5% 3/15/2029 (Pre-refunded to 3/15/2026 at 100)  | 420000 | 426186 |
| General Obligations - 2.1% |  |  |
| Albany NY BAN 4% 3/20/2026  | 10400000 | 10457833 |
| Bellmore NY Un Free Sch Dist 2% 6/15/2029  | 530000 | 502763 |
| Binghamton NY BAN 4% 4/10/2026  | 9300000 | 9367434 |
| City of Long Beach NY Gen. Oblig. BAN Series 2024B, 4% 9/26/2025  | 6800000 | 6803689 |
| City of New York NY Gen. Oblig. 2.5% tender 1/1/2032 (Assured Guaranty Inc Insured) (b) | 225000 | 225000 |
| City of New York NY Gen. Oblig. 2.5% tender 8/1/2026 (Assured Guaranty Inc Insured) (b) | 675000 | 675000 |
| City of New York NY Gen. Oblig. 3.9% 5/1/2052 (Liquidity Facility State Street Bank & Trust Co) VRDN (b) | 5000000 | 5000000 |
| City of New York NY Gen. Oblig. Series 2023 SUB F 1, 5% 8/1/2026  | 5600000 | 5734216 |
| City of New York NY Gen. Oblig. Series C, 5% 8/1/2026  | 220000 | 225273 |
| City of New York NY Gen. Oblig. Series FISCAL 2008 J 11, 5% 8/1/2026  | 260000 | 266231 |
| City of New York NY Gen. Oblig. Series FISCAL 2018 A, 5% 8/1/2026  | 565000 | 578541 |
| City of New York NY Gen. Oblig. Series FISCAL 2021 2, 3.85% 4/1/2042 VRDN (b) | 2000000 | 2000000 |
| City of New York NY Gen. Oblig. Series FISCAL 2025 A, 5% 8/1/2028  | 2700000 | 2891305 |
| City of New York NY Series FISCAL 2008 SUB A 3, 2.5% tender 8/1/2026 (Assured Guaranty Inc Insured) (b) | 625000 | 625000 |
| East Hampton NY Un Free Sh Dis 2.1% 6/1/2027  | 340000 | 332744 |
| East Syracuse-Minoa NY Cent SD BAN Series 2025, 4% 6/25/2026  | 3000000 | 3026624 |
| Ithaca City New York BAN 4.25% 2/13/2026  | 9400000 | 9437311 |
| Ithaca City New York Gen. Oblig. BAN 4.5% 7/17/2026  | 1300000 | 1313643 |
| Massapequa NY Un Free Sch Dist 2% 10/1/2031  | 530000 | 476185 |
| Mount Vernon N Y Gen. Oblig. BAN 5% 5/29/2026 (g) | 4000000 | 4033866 |
| Suffolk Cnty NY Gen. Oblig. Series 2022 B, 5% 10/1/2026  | 175000 | 180221 |
| Washington Co NY BAN 4% 3/20/2026  | 2300000 | 2315725 |
| Yonkers NY Gen. Oblig. Series 2021 A, 5% 2/15/2026 (Assured Guaranty Inc Insured)  | 400000 | 404683 |
| Yonkers NY Series 2021 B, 5% 2/15/2026  | 320000 | 323892 |
|  |  | 67197179 |
| Health Care - 0.0% |  |  |
| Monroe Cnty NY Indl Dev Corp (Rochester General Hospital,Ny Proj.) Series 2017, 5% 12/1/2026  | 350000 | 358929 |
| Monroe Cnty NY Indl Dev Corp (Rochester General Hospital,Ny Proj.) Series 2020 A, 5% 12/1/2028  | 1000000 | 1063377 |
|  |  | 1422306 |
| Housing - 0.8% |  |  |
| Monroe Cnty NY Indl Dev Agy Multi-Family Hsg Rev 5% tender 7/1/2028 (b) | 780000 | 810715 |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2023E 2, 3.8% tender 11/1/2063 (b) | 115000 | 116754 |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2024 A2, 3.625% tender 11/1/2063 (b) | 765000 | 774723 |
| New York City Housing Development Corp (New York Mhsg 7/27/1993 Proj.) Series 2025 E, 3.3% tender 5/1/2055 (b) | 1500000 | 1500311 |
| New York St Hsg Fin Agy (Affordable Housing Revenue Bonds 8/22/2007 Proj.) Series 2021D 2, 0.65% tender 11/1/2056 (b) | 100000 | 99511 |
| New York St Hsg Fin Agy 1.1% tender 11/1/2061 (b) | 950000 | 916505 |
| New York St Hsg Fin Agy Rev (326 Riverdale Owners Llc Proj.) 2.73% 11/1/2041, LOC Bank of America NA VRDN (b) | 4000000 | 4000000 |
| New York St Hsg Fin Agy Series 2023 E 2, 3.8% tender 11/1/2063 (b) | 670000 | 670276 |
| New York St Hsg Fin Agy Series 2023 E 2, 3.875% tender 11/1/2063 (b) | 120000 | 120391 |
| New York St Hsg Fin Agy Series 2024 A, 3.375% tender 11/1/2063 (b) | 7285000 | 7287763 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) 3.7% tender 5/1/2063 (b) | 6000000 | 6010407 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) 3.73% tender 5/1/2063 (b) | 1000000 | 1005030 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2021 K2, 0.9% tender 11/1/2060 (b) | 620000 | 615239 |
| NY City Hsg Dev Corp Multifamily Hsg Rev (New York Mhsg 7/27/1993 Proj.) Series 2023 D, 4.3% tender 11/1/2063 (b) | 375000 | 384139 |
| State of New York Mortgage Agency (NY Homeowner Mortgage Proj.) Series 221, 3.5% 10/1/2032 (d) | 25000 | 24984 |
| State of New York Mortgage Agency 3.65% 10/1/2025 (d) | 535000 | 535289 |
| State of New York Mortgage Agency 3.7% 4/1/2026 (d) | 955000 | 954894 |
| State of New York Mortgage Agency Series 262, 3.7% 10/1/2025 (d) | 610000 | 610353 |
| State of New York Mortgage Agency Series 262, 3.75% 4/1/2026 (d) | 295000 | 295947 |
| State of New York Mortgage Agency Series 262, 3.8% 10/1/2026 (d) | 680000 | 684287 |
| State of New York Mortgage Agency Series 262, 3.85% 4/1/2027 (d) | 775000 | 783456 |
|  |  | 28200974 |
| Industrial Development - 0.0% |  |  |
| New York St Energy Rda Pcr 4.9% tender 10/1/2028 (Ambac Assurance Corp Insured) (b) | 300000 | 300000 |
| Other - 0.1% |  |  |
| Dutchess Cnty NY Loc Dev Corp Rev Series 2025, 5% 7/1/2026  | 200000 | 203631 |
| Dutchess Cnty NY Loc Dev Corp Rev Series 2025, 5% 7/1/2027  | 230000 | 238873 |
| Dutchess Cnty NY Loc Dev Corp Rev Series 2025, 5% 7/1/2028  | 325000 | 343716 |
| Valley Stream NY BAN 5.125% 5/8/2026  | 3000000 | 3018744 |
|  |  | 3804964 |
| Special Tax - 0.5% |  |  |
| Battery Pk City Auth NY Rev Series 2019D 1, 3.78% 11/1/2038 (Liquidity Facility TD Bank NA) VRDN (b) | 800000 | 800000 |
| New York City Transitional Finance Authority (New York NY City Transitional Fin Auth Rev Proj.) 5% 11/1/2027  | 3355000 | 3543176 |
| New York NY City Ida Rev (Queens Ballpark Company LLC Proj.) Series 2021A, 5% 1/1/2026 (Assured Guaranty Inc Insured)  | 1365000 | 1375198 |
| New York NY City Transitional Fin Auth Rev 5% 11/1/2027  | 775000 | 818468 |
| NY Mta Dedicated Tax Fund Series 2016 A, 4% 11/15/2025  | 350000 | 351075 |
| NY Mta Dedicated Tax Fund Series 2016 A, 5% 11/15/2026  | 1055000 | 1088682 |
| NY Mta Dedicated Tax Fund Series 2017 A, 3% 11/15/2030  | 425000 | 425200 |
| NY Payroll Mobility Tax 2% tender 5/15/2045 (b) | 1285000 | 1276350 |
| NY Payroll Mobility Tax 2% tender 5/15/2045 (b) | 450000 | 432388 |
| NY Payroll Mobility Tax Series SUB 2021C 1B, 5% tender 5/15/2051 (b) | 4200000 | 4267150 |
| Triborough Brdg & Tunl NY Rett Series 2025 A, 5% 12/1/2027  | 2000000 | 2118097 |
|  |  | 16495784 |
| Synthetics - 1.4% |  |  |
| 2025 Loan Holding - 1 Participating VRDN Series 2025 MS0041, 3.13% 5/1/2026 (b)(e) | 5000000 | 5000000 |
| Liberty NY Dev Corp Rev Participating VRDN 3.08% 10/1/2035 (Liquidity Facility Morgan Stanley Bank NA) (b)(e) | 2200000 | 2200000 |
| Metropolitan Transn Auth NY Rv Participating VRDN 3.01% 11/15/2043 (Liquidity Facility JP Morgan Chase Bank NA) (b)(e) | 2400000 | 2400000 |
| Metropolitan Transn Auth NY Rv Participating VRDN Series 2022 XF1321, 3.01% 11/15/2055 (Liquidity Facility JP Morgan Chase Bank NA) (b)(e) | 1595000 | 1595000 |
| Metropolitan Transn Auth NY Rv Participating VRDN Series 2025 XF8023, 2.85% 11/15/2049 (Liquidity Facility JP Morgan Chase Bank NA) (b)(e) | 4400000 | 4400000 |
| New York St Hsg Fin Agy Participating VRDN Series 2022 003, 3.08% 11/1/2041 (Liquidity Facility Barclays Bank PLC) (b)(e) | 3000000 | 3000000 |
| New York St Hsg Fin Agy Participating VRDN Series 2022 007, 3.18% 11/1/2041 (Liquidity Facility Barclays Bank PLC) (b)(d)(e) | 23500000 | 23500000 |
|  |  | 42095000 |
| Transportation - 1.0% |  |  |
| Metropolitan Transn Auth NY Rv Series 2016 D, 5% 11/15/2027  | 1070000 | 1101786 |
| Metropolitan Transn Auth NY Rv Series 2017 B, 5% 11/15/2027  | 1185000 | 1250552 |
| Metropolitan Transn Auth NY Rv Series 2017C 1, 5% 11/15/2028  | 660000 | 701679 |
| New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2018, 5% 1/1/2026 (d) | 2500000 | 2510003 |
| New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2018, 5% 1/1/2027 (d) | 5000000 | 5085515 |
| New York Transportation Development Corp (Delta Air Lines Inc Proj.) Series 2018, 5% 1/1/2029 (d) | 3900000 | 4007300 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2025 (d) | 3050000 | 3064204 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) 5% 12/1/2027 (d) | 1025000 | 1071117 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2026 (d) | 5870000 | 6016073 |
| New York Transportation Development Corp (Jfk International Air Terminal Proj.) Series 2022, 5% 12/1/2027 (d) | 1915000 | 2001160 |
| Triborough Brdg & Tunl NY Revs BAN Series 2024A, 5% 12/1/2025  | 7000000 | 7041326 |
|  |  | 33850715 |
| Water & Sewer - 0.1% |  |  |
| New York NY Cty Muni Wtr Fin Auth Series 2022 DD, 4% 6/15/2033 (b) | 2000000 | 2000000 |
| TOTAL NEW YORK |  | 201386406 |
| New York,Pennsylvania - 0.3%  |  |  |
| Synthetics - 0.3% |  |  |
| Central Bradford NY Guthrie Clinic BAML Participating VRDN Series 2024 BAML5049, 3.98% 2/1/2054 (Liquidity Facility Bank of America, N.A.) (b)(e) | 10000000 | 10000000 |
| North Carolina - 2.0%  |  |  |
| Education - 0.0% |  |  |
| North Carolina Edl Facs Fin (Duke Univ Nc Rev Proj.) 2.65% 6/1/2027 VRDN (b) | 1435000 | 1435000 |
| North Carolina St Ed Assistance Auth Rev Series 2020A, 5% 6/1/2026 (d) | 1000000 | 1014311 |
|  |  | 2449311 |
| Escrowed/Pre-Refunded - 0.9% |  |  |
| Cumberland Cnty NC Series 2024, 3.75% tender 12/1/2027 (b)(d) | 17300000 | 17303636 |
| North Carolina Cap Fac Fin Agy Rev Series 2015 B, 5% 10/1/2055 (Pre-refunded to 10/1/2025 at 100)  | 9750000 | 9769202 |
| North Carolina Mun Pwr Agy 1 5% 1/1/2030 (Pre-refunded to 1/1/2026 at 100)  | 2050000 | 2067307 |
|  |  | 29140145 |
| General Obligations - 0.0% |  |  |
| North Carolina St Gen. Oblig. Series 2016 B, 2% 6/1/2030  | 170000 | 162134 |
| Health Care - 0.4% |  |  |
| Atrium Health Series 2018 B, 1.95% tender 1/15/2048 (b) | 3075000 | 2879469 |
| Atrium Health Series 2018 D, 3.625% tender 1/15/2048 (b) | 2350000 | 2378118 |
| Atrium Health Series 2018 E, 0.8% tender 1/15/2048 (b) | 1500000 | 1493671 |
| Atrium Health Series 2018C, 3.45% tender 1/15/2048 (b) | 2805000 | 2807759 |
| Atrium Health Series 2021 B, 3.25% tender 1/15/2050 (b) | 3000000 | 3016467 |
|  |  | 12575484 |
| Industrial Development - 0.3% |  |  |
| Hertford Cnty NC Indl Facs & Pollutn Ctl Fing Auth Indl Dev Rev (Nucor Corp Proj.) 3.05% 11/1/2033 VRDN (b)(d) | 9100000 | 9100000 |
| Resource Recovery - 0.2% |  |  |
| North Carolina Cap Facs Fin Agy Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2013, 3.75% tender 6/1/2038 (b)(d) | 5000000 | 5000884 |
| Transportation - 0.2% |  |  |
| Charlotte NC Arpt Rev Series 2023B, 5% 7/1/2026 (d) | 455000 | 463608 |
| Charlotte NC Arpt Rev Series 2023B, 5% 7/1/2028 (d) | 400000 | 424461 |
| Charlotte NC Arpt Rev Series 2023B, 5% 7/1/2029 (d) | 1150000 | 1238935 |
| North Carolina Tpk Auth Triangle Expwy Sys Rev Series 2018, 5% 1/1/2026  | 2850000 | 2869385 |
| North Carolina Tpk Auth Triangle Expwy Sys Rev Series 2018, 5% 1/1/2027  | 2460000 | 2530277 |
| Raleigh Durham NC Arpt Auth Arpt Rev 5% 5/1/2027 (d) | 130000 | 134662 |
| Raleigh Durham NC Arpt Auth Arpt Rev Series 2017 A, 5% 5/1/2027 (d) | 745000 | 771724 |
|  |  | 8433052 |
| TOTAL NORTH CAROLINA |  | 66861010 |
| North Dakota - 0.0%  |  |  |
| Housing - 0.0% |  |  |
| North Dakota St Hsg Fin Agy (ND Single Family Hsg Proj.) Series 2023 F, 6.25% 1/1/2054  | 65000 | 71023 |
| Ohio - 2.2%  |  |  |
| Education - 0.0% |  |  |
| Ohio St Higher Ed Fac Comm (Case Western Reserve Univ, Oh Proj.) 1.625% tender 12/1/2034 (b) | 605000 | 592296 |
| Electric Utilities - 0.6% |  |  |
| American Mun Pwr Rev Series 2023A, 5% 2/15/2026  | 1775000 | 1794976 |
| Ohio St Air Quality Dev Auth (American Electric Power Co Inc Proj.) Series 2014C, 3.65% 12/1/2027 (d) | 3575000 | 3584792 |
| Ohio St Air Quality Dev Auth (American Electric Power Co Inc Proj.) Series 2014D, 3.2% 5/1/2026  | 3275000 | 3269532 |
| Ohio St Air Quality Dev Auth (Duke Energy Corp New Proj.) Series 2022A, 4.25% tender 11/1/2039 (b)(d) | 9140000 | 9309512 |
|  |  | 17958812 |
| General Obligations - 0.2% |  |  |
| Bedford OH City Sch Dist BAN Series 2025, 4.5% 9/4/2025  | 2500000 | 2500265 |
| Lancaster Port Auth OH Gas Rev Series 2024 A, 5% tender 2/1/2055 (Royal Bank of Canada Guaranteed) (b) | 2765000 | 2939123 |
| Monroe OH Loc Sch Dist BAN 4.125% 12/3/2025  | 2000000 | 2004113 |
|  |  | 7443501 |
| Health Care - 0.7% |  |  |
| Allen Cnty OH Hosp Facs Rev Series 2022B 1, 5% tender 10/1/2049 (b) | 6000000 | 6184525 |
| Butler Cnty OH Hosp Facs Rev (Uc Health Proj.) Series 2017, 5% 11/15/2025  | 1500000 | 1503148 |
| Butler Cnty OH Hosp Facs Rev (Uc Health Proj.) Series 2017, 5% 11/15/2027  | 1040000 | 1082250 |
| Miami Cnty OH Hosp Facs Rev (Kettering Med Ctr Inc, OH Proj.) 5% 8/1/2026  | 535000 | 546278 |
| Ohio St Hosp Rev (Cleveland Clinic Foundation Proj.) Series 2019 C, 2.75% tender 1/1/2052 (b) | 710000 | 707639 |
| Ohio St Hosp Rev (University Hosp Hlth Sys, Oh Proj.) Series 2013 B, 3.26% 1/15/2033 VRDN (b) | 4995000 | 4995000 |
| Ohio St Hosp Rev (University Hosp Hlth Sys, Oh Proj.) Series 2021 C, 3.05% 1/15/2051 VRDN (b) | 2600000 | 2600000 |
| Ohio St Hosp Rev Series 2021B, 3% 1/15/2049 VRDN (b) | 3000000 | 3000000 |
| Ohio St Hsg Fin Agy Res Mtg Rev (Cleveland Clinic Foundation/The Proj.) Series 2017A, 5% 1/1/2026  | 500000 | 503953 |
| Scioto Cnty OH Hsp Facs Rev (Southern OH Medical Center Proj.) 5% 2/15/2026  | 405000 | 408283 |
| Scioto Cnty OH Hsp Facs Rev (Southern OH Medical Center Proj.) Series 2019, 5% 2/15/2029  | 400000 | 413537 |
|  |  | 21944613 |
| Housing - 0.0% |  |  |
| Columbus-Franklin Cnty Ohio Fin Auth Multifamily Hsg Rev Series 2023, 5% tender 7/1/2045 (b) | 765000 | 781626 |
| Ohio St Hsg Fin Agy Residential Mtg Rev (OH Residential Mortgage Proj.) Series 2019B, 4.5% 3/1/2050  | 25000 | 25362 |
| Ohio St Hsg Fin Agy Residential Mtg Rev (OH Residential Mortgage Proj.) Series 2023 B, 6% 3/1/2055  | 250000 | 274232 |
|  |  | 1081220 |
| Other - 0.6% |  |  |
| American Mun Pwr Rev 5% 2/15/2027  | 695000 | 717403 |
| American Mun Pwr Rev 5% 2/15/2028  | 480000 | 505577 |
| Cuyahoga Ohio Met Hsg Auth Multifamily Hsg Rev Series 2024, 3.45% tender 2/1/2028 (b) | 4440000 | 4481704 |
| Delaware OH Gen. Oblig. BAN 4.125% 4/16/2026  | 3500000 | 3526195 |
| Lancaster OH Gen. Oblig. BAN 4.125% 6/10/2026  | 1500000 | 1513371 |
| Ohio Hsg Fin Agy Mf Hsg Rev Series 2025, 3.35% tender 7/1/2043 (b) | 4000000 | 4039693 |
| Trumbull Cnty OH BAN 4% 3/12/2026 (g) | 2200000 | 2211712 |
| Warrensville Heights OH Gen. Oblig. BAN Series 2025, 4.5% 6/24/2026 (g) | 2000000 | 2025007 |
|  |  | 19020662 |
| Transportation - 0.1% |  |  |
| Cleveland OH Arpt Sys Rev Series 2018A, 5% 1/1/2026 (d) | 290000 | 292196 |
| Cleveland OH Arpt Sys Rev Series 2018A, 5% 1/1/2027 (d) | 2990000 | 3064832 |
| Cleveland OH Arpt Sys Rev Series 2019 B, 5% 1/1/2027 (d) | 350000 | 358759 |
|  |  | 3715787 |
| Water & Sewer - 0.0% |  |  |
| Hamilton Cnty OH Swr Sys Rev Series 2024 B, 5% 12/1/2025  | 700000 | 704221 |
| TOTAL OHIO |  | 72461112 |
| Oklahoma - 1.3%  |  |  |
| General Obligations - 0.4% |  |  |
| Oklahoma Cnty Indep Sch Dist 89 Oklahoma City 3% 7/1/2026  | 5990000 | 6015260 |
| Oklahoma St Inds Auth Edl Facs Lease Rev (Oklahoma Cnty Indep Sch Dist 89 Oklahoma City Proj.) Series 2024, 5% 4/1/2027  | 3230000 | 3352193 |
| Oklahoma St Inds Auth Edl Facs Lease Rev (Oklahoma Cnty Indep Sch Dist 89 Oklahoma City Proj.) Series 2024, 5% 4/1/2029  | 3000000 | 3249550 |
| Tulsa Cnty OK Indl Auth Edl Facs Lease Rev Series 2020, 4% 9/1/2025  | 690000 | 690039 |
|  |  | 13307042 |
| Health Care - 0.4% |  |  |
| OK Dev Fin Auth Health Sys Rev (Integris Baptist Medical Ctr Proj.) Series 2015A, 5% 8/15/2027  | 1590000 | 1591887 |
| OK Dev Fin Auth Health Sys Rev (Integris Baptist Medical Ctr Proj.) Series 2020B, 3.37% 8/15/2031 VRDN (b) | 5735000 | 5735000 |
| OK Dev Fin Auth Health Sys Rev Series 2020 C, 3.23% 8/15/2031 (b) | 6320000 | 6320000 |
|  |  | 13646887 |
| Housing - 0.1% |  |  |
| Oklahoma Hsg Fin Agy Collateralized Rev 3.2% tender 10/1/2042 (b) | 1500000 | 1503661 |
| Oklahoma Hsg Fin Agy Collateralized Rev Series 2024, 3.35% tender 12/1/2027 (b) | 2280000 | 2295902 |
| Oklahoma Hsg Fin Agy Single Family Mtg Rev (OK Sf Mtge Rev Bonds 10/1/18 Proj.) 6% 3/1/2054  | 50000 | 55013 |
| Oklahoma Hsg Fin Agy Single Family Mtg Rev (OK Sf Mtge Rev Bonds 10/1/18 Proj.) Series 2023D, 6.5% 9/1/2054  | 55000 | 61696 |
|  |  | 3916272 |
| Lease Revenue - 0.3% |  |  |
| Creek Cnty OK Edl Facs Auth Lease Rev Series 2024, 5% 9/1/2027  | 2650000 | 2758525 |
| Creek Cnty OK Edl Facs Auth Lease Rev Series 2024, 5% 9/1/2029  | 2000000 | 2144136 |
| Dewey Cnty Okla Edl Facs Authedl Facs Lease Rev Series 2016, 5% 9/1/2026  | 1230000 | 1258221 |
| Mcintosh County Educational Facilities Authority Series 2022, 2% 9/1/2025  | 650000 | 649950 |
| OK Cnty Okla Fin Auth Edl Facs Lease Rev Series 2025, 5% 9/1/2029  | 1620000 | 1703099 |
| Washington Cnty OK Edl Facs Auth Edl Facs Lease Rev Series 2023, 5% 9/1/2027  | 455000 | 471211 |
|  |  | 8985142 |
| Other - 0.1% |  |  |
| Kingfisher Cnty Okla Indpt Schdist No 89 Cashion 5% 5/1/2027  | 2175000 | 2224669 |
| Special Tax - 0.0% |  |  |
| Jackson Cnty Facs Auth Sls Tax Series 2022, 3% 10/1/2025  | 730000 | 729950 |
| Synthetics - 0.0% |  |  |
| Steele Duncan Plaza LLC Participating VRDN Series 2022 MIZ9103, 2.96% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 1282736 | 1282736 |
| TOTAL OKLAHOMA |  | 44092698 |
| Oregon - 0.4%  |  |  |
| General Obligations - 0.0% |  |  |
| Redmond or Gen. Oblig. Series 2025 A, 5% 6/1/2030 (d) | 450000 | 486550 |
| Salem Keizer School Dist 0% 6/15/2028 (h) | 370000 | 339812 |
|  |  | 826362 |
| Health Care - 0.0% |  |  |
| Oregon St Facs Auth Rev 5% 10/1/2029  | 1000000 | 1006649 |
| Salem OR Hosp Fac Auth Rev Series 2022, 5% 5/15/2026  | 135000 | 136279 |
|  |  | 1142928 |
| Industrial Development - 0.0% |  |  |
| Oregon State Business Development Commission (Intel Corp Proj.) Series 232, 3.8% tender 12/1/2040 (b) | 2000000 | 2029478 |
| Lease Revenue - 0.1% |  |  |
| Oregon St Gen. Oblig. Series 2024 D, 5% 6/1/2028  | 2500000 | 2681880 |
| Other - 0.0% |  |  |
| Port Morrow Ore Full Faith & Cr Obligs Gen. Oblig. Series 2021D, 4% 12/1/2025  | 150000 | 150275 |
| Transportation - 0.3% |  |  |
| Oregon St Dept Trans Rev 3% 9/4/2025, LOC Wells Fargo Bank NA CP  | 2400000 | 2400092 |
| Port of Portland Arpt Rev 5% 7/1/2026 (d) | 1150000 | 1171757 |
| Port of Portland Arpt Rev Series THIRTY B, 5% 7/1/2028 (d) | 720000 | 763423 |
| Port of Portland Arpt Rev Series THIRTY B, 5% 7/1/2029 (d) | 2860000 | 3084412 |
|  |  | 7419684 |
| TOTAL OREGON |  | 14250607 |
| Pennsylvania - 4.1%  |  |  |
| Education - 0.6% |  |  |
| Lycoming County Authority Series 2013 S2, 3.85% tender 11/1/2035 (b) | 2000000 | 2010525 |
| Northampton Cnty PA Gen Purp Ath (Lehigh Univ, Pa Proj.) 2.73% 11/15/2039 (Liquidity Facility TD Bank NA) VRDN (b) | 17600000 | 17600000 |
| Pennsylvania St Higher Edl Rev (Drexel University, PA Proj.) Series 2017, 5% 5/1/2028  | 1600000 | 1657496 |
| Southcentral PA Gen Auth Rev Series 2021 TT2, 5% 5/1/2026  | 320000 | 324910 |
|  |  | 21592931 |
| General Obligations - 0.4% |  |  |
| Pennsylvania St 5% 9/1/2026  | 6590000 | 6767077 |
| Pennsylvania St 5% 9/1/2027  | 1000000 | 1051102 |
| Pennsylvania St Gen. Oblig. Series 2018, 3.2% 3/1/2029  | 640000 | 643964 |
| Pennsylvania St Gen. Oblig. Series 2018, 3.35% 3/1/2030  | 950000 | 959177 |
| Pennsylvania St Gen. Oblig. Series 2018, 5% 3/1/2028  | 1215000 | 1293441 |
| Pennsylvania St Series 2019, 5% 7/15/2026  | 1650000 | 1688474 |
| Reading PA Sch Dist Series 2017, 5% 3/1/2026 (Assured Guaranty Inc Insured)  | 5000 | 5061 |
| Reading PA Sch Dist Series 2017, 5% 3/1/2027 (Assured Guaranty Inc Insured)  | 5000 | 5165 |
| Reading PA Sch Dist Series 2017, 5% 3/1/2028 (Assured Guaranty Inc Insured)  | 5000 | 5179 |
|  |  | 12418640 |
| Health Care - 1.0% |  |  |
| Alleg Cnty PA Dev Auth 5% 10/15/2025  | 740000 | 741944 |
| Alleg Cnty PA Dev Auth Series 2017 D 2 SUB E, SIFMA Municipal Swap Index x 0.7%, 3.43% tender 11/15/2047 (b)(c) | 4000000 | 3959299 |
| Geisinger Auth PA Hlth Sys Rev (Kaiser Permanente Hlth System Proj.) Series 2020 B, 5% tender 4/1/2043 (b) | 4975000 | 5074136 |
| Lancaster Cnty PA Hosp Aut Rev (Masonic Villages of The Grand Lodge of Pennsylvania Proj.) Series 2025 A, 5% 11/1/2026  | 1020000 | 1044635 |
| Lancaster Cnty PA Hosp Aut Rev (Masonic Villages of The Grand Lodge of Pennsylvania Proj.) Series 2025 A, 5% 11/1/2027  | 1160000 | 1211108 |
| Lancaster Municipal Authority (Garden Spot Village Proj.) Series 2024A, 5% 5/1/2027  | 200000 | 205575 |
| Lancaster Municipal Authority (Garden Spot Village Proj.) Series 2024A, 5% 5/1/2028  | 210000 | 219454 |
| Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2018 D, 3.53% 9/1/2050 VRDN (b) | 6700000 | 6700000 |
| Montgomery Cnty PA Higher Ed & Health Auth Rev (Thomas Jefferson Univ-Abiington Proj.) Series 2019, 5% 9/1/2026  | 1250000 | 1274146 |
| Pennsylvania Higher Educational Facilities Authority (Thomas Jefferson Univ-Abiington Proj.) Series 2024D1, 3.9% 11/1/2061, LOC Bank of America NA VRDN (b) | 5000000 | 5000000 |
| Philadelphia PA Auth For Indl Dev Revs (Thomas Jefferson Univ-Abiington Proj.) Series 2017 B, 3.53% 9/1/2050 VRDN (b) | 7895000 | 7895000 |
|  |  | 33325297 |
| Housing - 0.0% |  |  |
| Pennsylvania Hsg Fin Agy Single Family Mtg Rev (PA Single Family Mortgage Proj.) Series 2021 137, 5% 10/1/2026  | 280000 | 287381 |
| Resource Recovery - 1.2% |  |  |
| Pennsylvania Econ Dev Sld Wst (Republic Services Inc Proj.) Series 2014, 3.7% tender 6/1/2044 (b)(d) | 6900000 | 6899498 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2013, 3.85% tender 8/1/2045 (b)(d) | 4000000 | 4000440 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2019 A, 3.875% tender 8/1/2038 (b)(d) | 4000000 | 3999746 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2021A 2, 4.6% tender 10/1/2046 (b)(d) | 9005000 | 9035015 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2021A, 4% tender 6/1/2041 (b)(d) | 8800000 | 8790342 |
| Pennsylvania Econ Dev Sld Wst (Waste Management Inc Del Proj.) Series 2025 A, 3.95% tender 6/1/2049 (b)(d) | 6400000 | 6400000 |
|  |  | 39125041 |
| Transportation - 0.7% |  |  |
| Allegheny County Airport Authority (Pittsburgh Intl Airport Proj.) Series 2023A, 5% 1/1/2027 (Assured Guaranty Inc Insured) (d) | 680000 | 697915 |
| Pennsylvania St Tpk Com Regis Series 2023, 2.73% tender 7/15/2041 (b) | 9000000 | 8986254 |
| Pennsylvania Turnpike Commission Series B 2, 5% 6/1/2028  | 410000 | 428540 |
| Pennsylvania Turnpike Commission Series B 2, 5% 6/1/2029  | 690000 | 719387 |
| Philadelphia PA Airport Rev 5% 7/1/2026 (d) | 3360000 | 3421340 |
| Philadelphia PA Airport Rev Series 2021, 5% 7/1/2028 (d) | 3170000 | 3353194 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2026 (d) | 1625000 | 1653454 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2027 (d) | 1145000 | 1188173 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2028 (d) | 1000000 | 1057790 |
| Philadelphia PA Airport Rev Series 2025B, 5% 7/1/2030 (d) | 355000 | 384875 |
|  |  | 21890922 |
| Water & Sewer - 0.2% |  |  |
| City of Philadelphia PA Water & Wastewater Revenue 2.9% 9/4/2025, LOC Toronto Dominion Bank CP  | 4000000 | 4000058 |
| Philadelphia PA Wtr & Wastewtr 2.89% 11/1/2025, LOC Barclays Bank PLC CP  | 1250000 | 1250160 |
| Pittsburgh PA Wtr & Swr Auth Series 2025A, 5% 9/1/2028  | 275000 | 294497 |
| Pittsburgh PA Wtr & Swr Auth Series 2025A, 5% 9/1/2029 (Assured Guaranty Inc Insured)  | 275000 | 301958 |
| Pittsburgh PA Wtr & Swr Auth Series 2025A, 5% 9/1/2030 (Assured Guaranty Inc Insured)  | 200000 | 222665 |
| Pittsburgh PA Wtr & Swr Auth Series 2025A, 5% 9/1/2031 (Assured Guaranty Inc Insured)  | 300000 | 336927 |
| Pittsburgh PA Wtr & Swr Auth Series 2025A, 5% 9/1/2032 (Assured Guaranty Inc Insured)  | 385000 | 434763 |
| Pittsburgh PA Wtr & Swr Auth Series 2025A, 5% 9/1/2033 (Assured Guaranty Inc Insured)  | 350000 | 397013 |
|  |  | 7238041 |
| TOTAL PENNSYLVANIA |  | 135878253 |
| Rhode Island - 0.7%  |  |  |
| Education - 0.4% |  |  |
| Rhode Island Health & Edl Bldg Corp Higher Ed Fac Rev (Bryant University Proj.) Series 2024, 5% 6/1/2028  | 350000 | 372312 |
| Rhode Island Health & Edl Bldg Corp Higher Ed Fac Rev (Bryant University Proj.) Series 2024, 5% 6/1/2029  | 350000 | 379402 |
| Rhode Island Health & Edl Bldg Corp Higher Ed Fac Rev (Bryant University Proj.) Series 2024, 5% 6/1/2030  | 335000 | 368156 |
| Rhode Island Health & Edl Bldg Corp Higher Ed Fac Rev (Bryant University Proj.) Series 2024, 5% 6/1/2031  | 350000 | 387322 |
| Rhode Island Health & Edl Bldg Corp Higher Ed Fac Rev (Bryant University Proj.) Series 2024, 5% 6/1/2032  | 465000 | 517198 |
| Rhode Island Health & Edl Bldg Corp Rev 0% 11/13/2025 CP  | 7000000 | 7003322 |
| Rhode Island St Student Ln 5% 12/1/2025 (d) | 855000 | 859427 |
| Rhode Island St Student Ln Series 2017A, 4% 12/1/2026 (d) | 145000 | 144902 |
| Rhode Island St Student Ln Series 2019, 5% 12/1/2026 (d) | 570000 | 581353 |
| Rhode Island St Student Ln Series 2019, 5% 12/1/2028 (d) | 490000 | 513558 |
|  |  | 11126952 |
| General Obligations - 0.3% |  |  |
| Bristol-Warren RI Regl Sch Dis BAN Series 2025 1, 5% 6/4/2026  | 5000000 | 5082892 |
| Pawtucket RI Gen. Oblig. BAN Series 2024 2, 4.5% 10/24/2025  | 4700000 | 4706171 |
| Rhode Island Health And Educational Building Corp (Providence RI Proj.) 5% 5/15/2028 (Build America Mutual Assurance Co Insured)  | 900000 | 956631 |
| Rhode Island Health And Educational Building Corp (Providence RI Proj.) 5% 5/15/2029 (Build America Mutual Assurance Co Insured)  | 800000 | 866701 |
|  |  | 11612395 |
| Housing - 0.0% |  |  |
| Rhode Island Hsg & Mtg Fin Cp (RI Homeownership Proj.) Series 70, 4% 10/1/2049  | 35000 | 35265 |
| Rhode Island Hsg & Mtg Fin Cp (RI Homeownership Proj.) Series 76 A, 5% 4/1/2027  | 35000 | 36300 |
| Rhode Island Hsg & Mtg Fin Cp (RI Homeownership Proj.) Series 76 A, 5% 4/1/2028  | 250000 | 265061 |
| Rhode Island Hsg & Mtg Fin Cp (RI Homeownership Proj.) Series 76 A, 5% 4/1/2029  | 300000 | 322326 |
|  |  | 658952 |
| Lease Revenue - 0.0% |  |  |
| Providence RI Pub Bldgs Auth Rev 5% 9/15/2027  | 1000000 | 1046156 |
| Tobacco Bonds - 0.0% |  |  |
| Tobacco Setlement Fing Corp RI Series 2015 A, 5% 6/1/2026  | 75000 | 75095 |
| Tobacco Setlement Fing Corp RI Series 2015 A, 5% 6/1/2027  | 20000 | 20025 |
|  |  | 95120 |
| TOTAL RHODE ISLAND |  | 24539575 |
| South Carolina - 0.2%  |  |  |
| Education - 0.0% |  |  |
| Clemson Univ SC Higher Ed Rev Series 2025A, 5% 5/1/2028  | 435000 | 464348 |
| Clemson Univ SC Higher Ed Rev Series 2025A, 5% 5/1/2029  | 475000 | 517777 |
| Clemson Univ SC Higher Ed Rev Series 2025A, 5% 5/1/2030  | 390000 | 431735 |
|  |  | 1413860 |
| Electric Utilities - 0.2% |  |  |
| South Carolina St Svc Auth Rev 3% 10/2/2025, LOC Barclays Bank PLC CP  | 2175000 | 2175365 |
| South Carolina St Svc Auth Rev 5% 12/1/2025  | 360000 | 362040 |
| South Carolina St Svc Auth Rev 5% 12/1/2025  | 150000 | 150849 |
| South Carolina St Svc Auth Rev 5% 12/1/2026  | 170000 | 175145 |
| South Carolina St Svc Auth Rev Series 2024 A, 5% 12/1/2027  | 550000 | 580865 |
| South Carolina St Svc Auth Rev Series 2024 A, 5% 12/1/2028  | 550000 | 593510 |
|  |  | 4037774 |
| General Obligations - 0.0% |  |  |
| Scago Edl Facs Corp For Colleton Sch Dist SC Installment Pur Rev (Colleton County School District Proj.) Series 2015, 5% 12/1/2026  | 25000 | 25038 |
| Health Care - 0.0% |  |  |
| South Carolina Jobs Eda Hosp (Bon Secours Health Sys Proj.) Series 2020B, 5% tender 12/1/2048 (b) | 200000 | 200386 |
| Housing - 0.0% |  |  |
| South Carolina Hsg Fin Dev Aut (SC Mortgage Proj.) Series 2019 A, 4% 1/1/2050  | 55000 | 55694 |
| South Carolina Hsg Fin Dev Aut (SC Mortgage Proj.) Series 2023 B, 6% 1/1/2054  | 140000 | 154037 |
|  |  | 209731 |
| Synthetics - 0.0% |  |  |
| South Carolina Conway Hosp Participating VRDN Series 2022 019, 3.08% 7/1/2047 (Liquidity Facility Barclays Bank PLC) (b)(e) | 1400000 | 1400000 |
| Transportation - 0.0% |  |  |
| South Carolina St Ports Auth Series 2019 B, 5% 7/1/2026 (d) | 185000 | 188422 |
| TOTAL SOUTH CAROLINA |  | 7475211 |
| South Dakota - 0.1%  |  |  |
| Health Care - 0.1% |  |  |
| South Dakota St Hlth & Edl Fac (Sanford Health, Sd Proj.) 5% tender 11/1/2052 (b) | 855000 | 921875 |
| South Dakota St Hlth & Edl Fac Series 2025B, 5% 11/1/2027  | 1500000 | 1575077 |
|  |  | 2496952 |
| Housing - 0.0% |  |  |
| South Dakota Housing Development Authority (SD Mortgage Proj.) Series 2017D, 4% 11/1/2047  | 210000 | 210674 |
| South Dakota Housing Development Authority (SD Mortgage Proj.) Series 2023G, 6.25% 5/1/2055  | 100000 | 109113 |
|  |  | 319787 |
| TOTAL SOUTH DAKOTA |  | 2816739 |
| Tennessee - 1.3%  |  |  |
| General Obligations - 0.1% |  |  |
| Metropolitan Govt Nashville & Davidson Cnty TN Gen. Oblig. Series 2017, 4% 7/1/2028  | 1440000 | 1473770 |
| Tennessee Engy Acq Crp Gas Rev Series 2018, 4% tender 11/1/2049 (Goldman Sachs Group Inc/The Guaranteed) (b) | 3500000 | 3508465 |
|  |  | 4982235 |
| Health Care - 0.3% |  |  |
| Chatanooga TN Health Ed & Hsg Fac Brd Rev (Commonspirit Health Proj.) 3% 5/1/2039 VRDN (b) | 5200000 | 5200000 |
| Jackson TN Hosp Rev (West Tennessee Healthcare Proj.) Series 2015, 5% 4/1/2027  | 5750000 | 5754876 |
| Johnson City TN Health & Edl (Ballad Health Proj.) Series 2023A, 5% 7/1/2026  | 400000 | 406905 |
| Shelby County Health Educational & Housing Facilities Board (Baptist Memorial Hlth Car Corp Proj.) Series 2025 B, 5% tender 9/1/2044 (b) | 200000 | 215610 |
|  |  | 11577391 |
| Housing - 0.2% |  |  |
| Chattanooga Tenn Health Edl & Hsg Fac Brd Multifamily Hsg 3.6% tender 6/1/2048 (b) | 4090000 | 4149158 |
| Knoxville Cnty Tenn Health Edl& Hsg Fac Brd Multifamily Hsgrev Series 2024, 3.1% tender 9/1/2029 (b) | 2315000 | 2327101 |
| Tennessee Housing Development Agency (TN Residential Finance 1/29/13 Proj.) Series 2021 3A, 3% 1/1/2052  | 175000 | 173601 |
| Tennessee Hsg Dev Agy Series 2015A, 3.5% 7/1/2045  | 75000 | 75000 |
|  |  | 6724860 |
| Other - 0.4% |  |  |
| Chattanooga Tenn Health Edl & Hsg Fac Brd Multifamily Hsg Series 2023, 3.8% tender 12/1/2029 (b) | 2000000 | 2021546 |
| Jackson TN Health & Hsg Mfh Rv 4% tender 4/1/2045 (b) | 2000000 | 2040732 |
| Knoxville TN Cmnty Dev Corp Multi Fam Rev 3.5% tender 12/1/2029 (b) | 3262000 | 3305516 |
| Metropolitan Govt Nashville & Davidson Cnty TN 2.77% 10/8/2025 CP  | 5500000 | 5500292 |
|  |  | 12868086 |
| Resource Recovery - 0.2% |  |  |
| Lewisburg Tenn Indl Dev Brd So Lid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2012, 3.85% tender 7/2/2035 (b)(d) | 3000000 | 3000330 |
| Metropolitan Govt Nashville & Davidson Cnty Tenn Indl Dev Brd Exempt Facs Rev (Waste Management Inc Del Proj.) Series 2001, 3.875% tender 8/1/2031 (b)(d) | 2000000 | 2001641 |
|  |  | 5001971 |
| Synthetics - 0.0% |  |  |
| Metropolitan Govt Nashville & Davidson County Hlth & Edl Facs Participating VRDN Series 2024 MIZ9163, 2.96% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 1300000 | 1300000 |
| Transportation - 0.1% |  |  |
| Metro Nashville Arpt Auth Rev 5% 7/1/2026 (d) | 600000 | 610854 |
| Metro Nashville Arpt Auth Rev Series 2019 B, 5% 7/1/2026 (d) | 1695000 | 1725662 |
|  |  | 2336516 |
| TOTAL TENNESSEE |  | 44791059 |
| Texas - 11.9%  |  |  |
| Education - 0.7% |  |  |
| Board of Regents of the University of Texas System 2.74% 2/5/2026 (Liquidity Facility University of Texas Investment Management Company) CP  | 1000000 | 1000200 |
| Board of Regents of the University of Texas System 3.02% 10/22/2025 (Liquidity Facility University of Texas Investment Management Company) CP  | 7000000 | 7002420 |
| Brazos Tex Higher Ed Auth Inc Student Loan Prog Rev 5% 4/1/2029 (d) | 1050000 | 1104693 |
| Clifton Higher Education Finance Corp 5% 8/15/2026  | 475000 | 483332 |
| Clifton Higher Education Finance Corp Series 2024, 5% 8/15/2026  | 325000 | 332371 |
| Clifton Higher Education Finance Corp Series 2024, 5% 8/15/2027  | 340000 | 355946 |
| Clifton Higher Education Finance Corp Series 2024A, 5% 8/15/2026  | 715000 | 731354 |
| Clifton Higher Education Finance Corp Series 2024A, 5% 8/15/2027  | 1275000 | 1331073 |
| Clifton Higher Education Finance Corp Series 2025, 5% 8/15/2026  | 800000 | 818298 |
| Clifton Higher Education Finance Corp Series 2025, 5% 8/15/2027  | 1755000 | 1834915 |
| Clifton Higher Education Finance Corp Series 2025A, 5% 2/15/2027  | 3000000 | 3105152 |
| Clifton Higher Education Finance Corp Series 2025A, 5% 2/15/2028  | 1150000 | 1210916 |
| Houston TX Higher Ed 2.97% 10/23/2025 CP  | 2075000 | 2075734 |
| Newark Higher Ed Fin Corp Tex Rev (Abilene Christian Univ, TX Proj.) Series 2016 A, 5% 4/1/2026  | 55000 | 55627 |
| Texas A&M Univ Revs Series 2021 A, 5% 5/15/2026  | 725000 | 738634 |
| University Houston TX Univ Rev 2.89% 10/25/2025 CP  | 1680000 | 1680357 |
| University TX Perm Univ Fd 2.98% 10/8/2025 CP  | 2000000 | 2000508 |
|  |  | 25861530 |
| Electric Utilities - 0.7% |  |  |
| Austin TX Elec Util Sys Rev Series 2024, 5% 11/15/2028  | 1750000 | 1886477 |
| Garland Tex Elec Util Sys Rev Series 2024, 5% 3/1/2028 (Assured Guaranty Inc Insured)  | 1400000 | 1485130 |
| Lower Colorado River Authority (Lcra Transmission Services Corp Proj.) 5% 5/15/2026  | 1250000 | 1271216 |
| Lower Colorado River Authority (Lcra Transmission Services Corp Proj.) Series 2021, 5% 5/15/2026  | 3160000 | 3213633 |
| Lower Colorado River Authority (Lcra Transmission Services Corp Proj.) Series 2022, 5% 5/15/2026  | 700000 | 711881 |
| Lower Colorado River Authority 2.75% 11/3/2025, LOC Truist Bank CP  | 3000000 | 3000261 |
| San Antonio TX Elec & Gas Rev 2% tender 2/1/2049 (b) | 1555000 | 1500854 |
| San Antonio TX Elec & Gas Rev 5% 2/1/2026  | 545000 | 550573 |
| San Antonio TX Elec & Gas Rev Series 2023, 3.65% tender 2/1/2053 (b) | 4000000 | 4003013 |
| San Antonio TX Elec & Gas Rev SIFMA Municipal Swap Index + 0.87%, 3.6% tender 2/1/2048 (b)(c) | 4065000 | 4064205 |
|  |  | 21687243 |
| General Obligations - 3.7% |  |  |
| Alvin Tex Indpt Sch Dist Series 2024, 5% 2/15/2029 (Permanent Sch Fund of Texas Guaranteed)  | 750000 | 812789 |
| Andrews County Hospital District Gen. Oblig. Series 2021, 5% 3/15/2026  | 1430000 | 1445731 |
| Argyle TX Indpt Sch Dist Series 2025 B 1, 4% tender 8/15/2057 (Permanent Sch Fund of Texas Guaranteed) (b) | 1470000 | 1502062 |
| Argyle TX Indpt Sch Dist Series 2025 B 2, 4% tender 8/15/2057 (Permanent Sch Fund of Texas Guaranteed) (b) | 2270000 | 2340587 |
| Boerne TX Isd Series 2023, 3.125% tender 2/1/2053 (Permanent Sch Fund of Texas Guaranteed) (b) | 6835000 | 6858045 |
| Boerne TX Isd Series 2024, 4% tender 2/1/2054 (Permanent Sch Fund of Texas Guaranteed) (b) | 1295000 | 1333290 |
| City of Waco TX Gen. Oblig. 5% 2/1/2026  | 2065000 | 2087147 |
| Dallas TX Gen. Oblig. Series 2023A, 5% 2/15/2026  | 3250000 | 3286346 |
| Dallas TX Gen. Oblig. Series 2024A, 5% 2/15/2026  | 7800000 | 7887231 |
| Dallas TX ISD Series 2025A 2025A 1, 5% tender 2/15/2055 (Permanent Sch Fund of Texas Guaranteed) (b) | 2500000 | 2526372 |
| Denton Independent School District Series B1, 4% tender 8/15/2055 (Permanent Sch Fund of Texas Guaranteed) (b) | 8325000 | 8583873 |
| El Paso Tex Gen. Oblig. Series 2024, 5% 8/15/2026  | 840000 | 860735 |
| El Paso Tex Gen. Oblig. Series 2024, 5% 8/15/2027  | 600000 | 630251 |
| El Paso Tex Gen. Oblig. Series 2025, 5% 8/15/2027  | 2295000 | 2410712 |
| El Paso Tex Gen. Oblig. Series 2025, 5% 8/15/2028  | 1500000 | 1607094 |
| Fort Bend County TX Gen. Oblig. Series B, 5% 3/1/2029  | 3455000 | 3457918 |
| Fort Bend TX Indpt Sch Dist Series 2021 B, 0.72% tender 8/1/2051 (Permanent Sch Fund of Texas Guaranteed) (b) | 2030000 | 1978999 |
| Fort Bend TX Indpt Sch Dist Series 2024B, 4% tender 8/1/2054 (Permanent Sch Fund of Texas Guaranteed) (b) | 10000000 | 10226679 |
| Goose Creek TX Cons Indpt Sch 0.6% tender 2/15/2035 (Permanent Sch Fund of Texas Guaranteed) (b) | 500000 | 490025 |
| Harris Cnty TX 2.95% 12/4/2025 (Liquidity Facility State Street Bank & Trust Co) CP  | 1250000 | 1250163 |
| Harris Cnty TX 3.02% 12/5/2025 (Liquidity Facility JPMorgan Chase Bank NA) CP  | 1000000 | 1000130 |
| Hidalgo Cnty Tex Gen. Oblig. Series 2025, 5% 8/15/2028  | 850000 | 909183 |
| Houston TX Indpt Sch Dist Series 2017, 5% 2/15/2027 (Permanent Sch Fund of Texas Guaranteed)  | 3015000 | 3129010 |
| Katy TX Ind Sch Dist Series 2021 C, 4% tender 8/15/2050 (b) | 6000000 | 6076025 |
| Leander Independent School District 0% 2/15/2027 (Permanent Sch Fund of Texas Guaranteed) (h) | 1000000 | 962661 |
| Leander Independent School District Series 2025 B, 0% 8/15/2028 (h) | 950000 | 875884 |
| Leander Independent School District Series 2025 B, 0% 8/15/2029 (h) | 600000 | 535848 |
| Mckinney Tex Gen. Oblig. Series 2023A, 5% 8/15/2027  | 180000 | 189075 |
| Mckinney Tex Gen. Oblig. Series 2023A, 5% 8/15/2028  | 350000 | 375713 |
| New Caney TX Indpt Sch Dist New Series 2024, 5% 2/15/2029 (Permanent Sch Fund of Texas Guaranteed)  | 1400000 | 1518174 |
| North East Indpt Sch Dist TX Series 2015, 3% 8/1/2027 (Permanent Sch Fund of Texas Guaranteed)  | 920000 | 920251 |
| North East Indpt Sch Dist TX Series 2024, 3.75% tender 8/1/2049 (Permanent Sch Fund of Texas Guaranteed) (b) | 3895000 | 3958087 |
| Northside TX Indpt Sch Dist Series 2020, 3.55% tender 6/1/2050 (Permanent Sch Fund of Texas Guaranteed) (b) | 7325000 | 7442088 |
| Northside TX Indpt Sch Dist Series 2023 B, 3% tender 8/1/2053 (Permanent Sch Fund of Texas Guaranteed) (b) | 5135000 | 5137333 |
| Northside TX Indpt Sch Dist Series 2024B, 3.45% tender 8/1/2054 (Permanent Sch Fund of Texas Guaranteed) (b) | 8715000 | 8797846 |
| Plainview Tex Indpt Sch Dist Series 2020B, 4% tender 2/15/2050 (b) | 2000000 | 2017058 |
| Port of Port Arthur TX Nav Dist Gen. Oblig. Series 2017, 5% 3/1/2028 (d) | 1645000 | 1691282 |
| Prosper Tex Indpt Sch Dist Series 2019 B, 4% tender 2/15/2050 (Permanent Sch Fund of Texas Guaranteed) (b) | 2900000 | 2936745 |
| Round Rock TX Indpt Sch Dist Series 2025A, 5% tender 8/1/2044 (b) | 3000000 | 3286411 |
| Texarkana Tex Indpt Sch Dist Series 2024, 4% tender 2/15/2053 (Permanent Sch Fund of Texas Guaranteed) (b) | 2835000 | 2870922 |
| Texas Mun Gas Acquisition & Supply Corp IV Gas Supply Rev Series 2023B, 5.25% 1/1/2027 (BP PLC Guaranteed)  | 1070000 | 1100210 |
| Texas State Gen. Oblig. Series 2015, 5% 8/1/2026 (d) | 7875000 | 7889606 |
|  |  | 125195591 |
| Health Care - 0.5% |  |  |
| Harris Cnty TX Cultural Ed Facs Fin Corp Rev (Memorial Hermann Hosp System Proj.) 5% tender 7/1/2049 (b) | 1475000 | 1516697 |
| Harris Cnty TX Cultural Ed Facs Fin Corp Rev (Memorial Hermann Hosp System Proj.) Series 2020 C 3, 5% tender 6/1/2032 (b) | 1000000 | 1028269 |
| Tarrant Cnty TX Cultural Ed Facs Fin Corp Hosp Rev (Baylor Scott & White Health Proj.) 5% tender 11/15/2052 (b) | 12995000 | 13127947 |
| Tarrant Cnty TX Cultural Ed Facs Fin Corp Rev (Texas Health Resources Proj.) Series 2016 A, 5% 2/15/2026  | 35000 | 35410 |
| Tarrant Cnty TX Cultural Ed Facs Fin Corp Rev (Texas Health Resources Proj.) Series 2025 B, 5% tender 11/15/2064 (b) | 1425000 | 1543588 |
|  |  | 17251911 |
| Housing - 0.4% |  |  |
| Capital Area Hsg Fin Corp Tex Multi Family Hsg Rev Series 2024, 3.125% tender 9/1/2029 (b) | 2660000 | 2686028 |
| Dallas Tex Hsg Fin Corp Multi Family Hsg Rev 5% tender 8/1/2027 (b) | 1785000 | 1818108 |
| Dallas Tex Hsg Fin Corp Multi Family Hsg Rev Series 2023, 5% tender 7/1/2026 (b) | 400000 | 402018 |
| Dallas Tex Hsg Fin Corp Multi Family Hsg Rev Series 2023, 5% tender 9/1/2026 (b) | 1080000 | 1081048 |
| Houston Tex Fin Corp Multifamilty Hsg Rev 5% tender 8/1/2041 (b) | 290000 | 293311 |
| Smha Fin Pub Fac Corp Tex Multifamily Hsg Rev Series 2024, 3.7% tender 7/1/2028 (b) | 3695000 | 3757368 |
| Texas Dept Hsg & Cmnty Affrs Res Mtg Rev (TX Residential Mortgage Proj.) Series 2023B, 6% 1/1/2054  | 625000 | 688153 |
| Texas St Affordable Hsg Corp Multifamily Hsg Rev Series 2023, 3.625% tender 1/1/2045 (b) | 1120000 | 1132382 |
| Thf Pub Fac Corp Tex Multifamily Hsg Rev Series 2025, 3.34% tender 2/1/2044 (b) | 2500000 | 2524639 |
|  |  | 14383055 |
| Industrial Development - 1.3% |  |  |
| Jewett Economic Dev Corp Tex I (Nucor Corp Proj.) 3.06% 8/1/2038 VRDN (b)(d) | 1025000 | 1025000 |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 2.97% 11/1/2040 VRDN (b) | 1800000 | 1800000 |
| Port Arthur TX Navigation Dist Env Fac Rev (Motiva Enterprises Llc Proj.) 2.99% 12/1/2027 VRDN (b)(d) | 39015000 | 39015000 |
|  |  | 41840000 |
| Lease Revenue - 0.0% |  |  |
| County of Wise TX Series 2021, 5% 8/15/2027  | 1000000 | 1027809 |
| Other - 1.3% |  |  |
| Alamo Tex Area Hsg Fin Corp Multifamily Hsg Rev Series 2024, 3.39% tender 7/10/2044 (b) | 6000000 | 6101004 |
| Arlington Tex Hsg Fin Corp Multifamily Hsg Rev Series 2022, 3.5% tender 11/1/2043 (b) | 5000000 | 5001625 |
| Austin Affordable Pfc Inc Texmultifamily Hsg Rev Series 2024B, 5% tender 9/1/2028 (b) | 1050000 | 1097297 |
| City of Houston TX Airport System Revenue Series 2025 A, 5% 7/1/2029 (d) | 6000000 | 6439193 |
| Fort Bend Cnty Tex Mun Util Dist No 182 Gen. Oblig. 5.25% 9/1/2026  | 1005000 | 1029059 |
| Harris Cnty Houston Tex Sports Auth Rev 5% 11/15/2025  | 4000000 | 4017599 |
| Harris Cnty TX Cultural Ed Facs Fin Corp Rev Series 2020 A, 5% tender 5/15/2050 (b) | 2500000 | 2703647 |
| Harris County Hospital District Gen. Oblig. Series 2025, 5% 2/15/2029  | 2000000 | 2159090 |
| Housing Options Inc Tex Multifamily Rev 3.75% tender 11/1/2045 (b) | 3000000 | 3053295 |
| San Antonio TX Wtr Rev 3% 9/9/2025 CP  | 8700000 | 8701121 |
| Texas Municipal Gas Acquisition & Supply Corp V 5% 1/1/2026  | 1000000 | 1006204 |
| Texas Municipal Gas Acquisition & Supply Corp V 5% 1/1/2027  | 500000 | 512500 |
|  |  | 41821634 |
| Resource Recovery - 0.5% |  |  |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2012, 3.85% tender 1/1/2026 (b)(d) | 4600000 | 4600506 |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Republic Services Inc Proj.) Series 2020A, 3.85% tender 5/1/2050 (b)(d) | 3500000 | 3500385 |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2018, 4% tender 11/1/2048 (b)(d) | 4000000 | 3993556 |
| Mission TX Economic Dev Corp Solid Waste Disp Rev (Waste Management Inc Del Proj.) Series 2025 A, 3.95% tender 6/1/2055 (b)(d) | 3800000 | 3800000 |
|  |  | 15894447 |
| Special Tax - 0.4% |  |  |
| Dallas Tex Spl Tax Rev Series 2023, 6% tender 8/15/2053 (b)(g) | 8500000 | 8514794 |
| Dallas TX Rapid Transit Sales Tax Rev 3.2% 10/9/2025 CP  | 2950000 | 2951403 |
| East Downtown Redevelopment Authority 5% 9/1/2026  | 300000 | 303957 |
| Houston TX Hotel Occ Tx & Spl Rev Series 2015, 5% 9/1/2027  | 1215000 | 1217167 |
| Houston TX Hotel Occ Tx & Spl Rev Series 2021, 4% 9/1/2025  | 215000 | 215017 |
| Houston TX Hotel Occ Tx & Spl Rev Series 2021, 4% 9/1/2026  | 275000 | 279286 |
|  |  | 13481624 |
| Synthetics - 0.8% |  |  |
| Arlington Higher Education Finance Corp Participating VRDN Series 2021 MS0002, 3.13% 6/15/2056 (b)(e) | 12570000 | 12570000 |
| Brazos County Tex Hsg Fin Corp Participating VRDN Series 2023 XF3129, 3.01% 9/1/2041 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e) | 1300000 | 1300000 |
| El Paso TX Hsg Fin Auth Participating VRDN Series 2022 MIZ9104, 2.96% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 1900000 | 1900000 |
| Texas Affordable Hsg Corp Multi Fam Hsg Rev Participating VRDN 2.96% 10/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) (b)(e)(f) | 11100000 | 11100000 |
|  |  | 26870000 |
| Transportation - 1.2% |  |  |
| Austin Tex Airport Sys Series 2019, 5% 11/15/2025 (d) | 3230000 | 3244609 |
| Central TX Regl Mobility Auth Rev 5% 1/1/2026  | 75000 | 75560 |
| Central TX Regl Mobility Auth Rev 5% 1/1/2027  | 4190000 | 4221054 |
| Central TX Regl Mobility Auth Rev Series 2020 B, 5% 1/1/2026  | 125000 | 125933 |
| City of Houston TX Airport System Revenue 5% 7/1/2026 (d) | 1250000 | 1273856 |
| City of Houston TX Airport System Revenue Series 2018 C, 5% 7/1/2027 (d) | 2065000 | 2144738 |
| City of Houston TX Airport System Revenue Series 2023A, 5% 7/1/2026 (Assured Guaranty Inc Insured) (d) | 2000000 | 2039000 |
| City of Houston TX Airport System Revenue Series 2023A, 5% 7/1/2028 (Assured Guaranty Inc Insured) (d) | 4000000 | 4238998 |
| City of Houston TX Airport System Revenue Series 2025 A, 5% 7/1/2028 (d) | 1500000 | 1586685 |
| Dallas Fort Worth International Airport 5% 11/1/2025  | 5000000 | 5020111 |
| Dallas Fort Worth International Airport Series 2020 A, 5% 11/1/2025  | 1000000 | 1004022 |
| Dallas Fort Worth International Airport Series 2023 C, 5% 11/1/2026 (d) | 1800000 | 1845994 |
| Fort Bend Cnty Tex Toll Rd Rev Series 2025, 5% 3/1/2028 (Assured Guaranty Inc Insured)  | 500000 | 530528 |
| Grand Parkway Transportation Corp (Grand Parkway Trans Corp Tela Proj.) Series 2023, 5% tender 10/1/2052 (b) | 550000 | 578324 |
| Love Field TX Arpt Mod Rev 5% 11/1/2025 (d) | 5125000 | 5142797 |
| Love Field TX Arpt Mod Rev 5% 11/1/2026 (d) | 405000 | 414879 |
| Love Field TX Arpt Mod Rev 5% 11/1/2027 (d) | 415000 | 433914 |
| Love Field TX Arpt Mod Rev Series 2015, 5% 11/1/2025 (d) | 1000000 | 1003473 |
| Love Field TX Arpt Mod Rev Series 2017, 5% 11/1/2025 (d) | 730000 | 732535 |
| North TX Twy Auth Rev 5% 1/1/2026  | 695000 | 700426 |
| North TX Twy Auth Rev 5% 1/1/2026  | 65000 | 65117 |
| North TX Twy Auth Rev Series 2023 A, 5% 1/1/2027  | 275000 | 284766 |
| Port of Houston Auth Series 2023, 5% 10/1/2026  | 955000 | 981674 |
| San Antonio TX Arpt Sys Rev 5% 7/1/2026 (d) | 500000 | 509667 |
|  |  | 38198660 |
| Water & Sewer - 0.4% |  |  |
| City of El Paso TX Water & Sewer Revenue Series 2017, 5% 3/1/2030  | 1000000 | 1030614 |
| Houston TX Util Sys Rev Series 2016 B, 5% 11/15/2025  | 1750000 | 1759175 |
| Houston TX Util Sys Rev Series 2021 A, 5% 11/15/2027  | 1000000 | 1056264 |
| Houston TX Util Sys Rev Series 2024 A, 5% 11/15/2025  | 4000000 | 4020973 |
| San Antonio TX Wtr Rev Series 2013 F, 1% tender 5/1/2043 (b) | 4250000 | 4137785 |
| Temple Tex Util Sys Rev Series 2025, 5% 8/1/2028  | 500000 | 536982 |
| Temple Tex Util Sys Rev Series 2025, 5% 8/1/2029  | 600000 | 656359 |
| Temple Tex Util Sys Rev Series 2025, 5% 8/1/2030  | 405000 | 448804 |
|  |  | 13646956 |
| TOTAL TEXAS |  | 397160460 |
| Utah - 0.6%  |  |  |
| Electric Utilities - 0.0% |  |  |
| Intermountain Pwr Agy UT Pwr Series 2023 A, 5% 7/1/2026  | 935000 | 953310 |
| Health Care - 0.1% |  |  |
| Utah Cnty Utah Hosp Rev (Ihc Health Services Inc Proj.) Series 2020B 2, 5% tender 5/15/2060 (b) | 2430000 | 2475552 |
| Housing - 0.1% |  |  |
| UT Hsg Corp Multifamily Rev Series 2024 B, 3.4% tender 2/1/2028 (b) | 1500000 | 1510423 |
| UT Hsg Corp Multifamily Rev Series 2025, 3% tender 9/1/2045 (b) | 1000000 | 1000005 |
|  |  | 2510428 |
| Industrial Development - 0.0% |  |  |
| Box Elder Cnty Utah Pollution Ctl Rev (Nucor Corp Proj.) 3.15% 4/1/2028 VRDN (b) | 660000 | 660000 |
| Synthetics - 0.1% |  |  |
| Utah Hsg Corp Single Family Mtg Rev Participating VRDN 2.76% 1/1/2054 (b)(e) | 4070000 | 4070000 |
| Transportation - 0.3% |  |  |
| Salt Lake City UT Arpt Rev Series 2018A, 5% 7/1/2026 (d) | 2000000 | 2034854 |
| Salt Lake City UT Arpt Rev Series 2023A, 5% 7/1/2026 (d) | 2390000 | 2431652 |
| Salt Lake City UT Arpt Rev Series 2023A, 5% 7/1/2028 (d) | 1000000 | 1061432 |
| Salt Lake City UT Arpt Rev Series 2025A, 5% 7/1/2027 (d) | 1300000 | 1348310 |
| Salt Lake City UT Arpt Rev Series 2025A, 5% 7/1/2028 (d) | 1800000 | 1910578 |
| Salt Lake City UT Arpt Rev Series 2025A, 5% 7/1/2032 (d) | 1535000 | 1677539 |
|  |  | 10464365 |
| TOTAL UTAH |  | 21133655 |
| Vermont - 0.2%  |  |  |
| Education - 0.0% |  |  |
| Vermont St Stud Assit Corp 5% 6/15/2027 (d) | 665000 | 683072 |
| Housing - 0.2% |  |  |
| Vermont Hsg Fin Agy Series 2024 E 2, 3.5% 11/1/2026  | 5110000 | 5112993 |
| TOTAL VERMONT |  | 5796065 |
| Virginia - 1.5%  |  |  |
| Electric Utilities - 0.4% |  |  |
| Chesapeake VA Economic Dev Auth Pollution Ctl Rev (Virginia Electric And Power Co Proj.) Series 2008A, 3.65% tender 2/1/2032 (b) | 5560000 | 5656213 |
| Halifax Cnty VA Indl Dev Auth Pollution Ctl Rev (Virginia Electric And Power Co Proj.) 3.8% tender 12/1/2041 (b) | 1015000 | 1032100 |
| Louisa VA (Virginia Electric And Power Co Proj.) Series 2008 A, 3.65% tender 11/1/2035 (b) | 3950000 | 4018353 |
| Louisa VA (Virginia Electric And Power Co Proj.) Series 2008B, 0.75% tender 11/1/2035 (b) | 4000000 | 4000000 |
| Wise Cnty VA Indl Dev Auth Solid Waste & Sew Disp Rev (Virginia Electric And Power Co Proj.) Series 2009A, 3.125% tender 10/1/2040 (b)(i) | 250000 | 250170 |
|  |  | 14956836 |
| Escrowed/Pre-Refunded - 0.2% |  |  |
| Virginia Small Business Fing Auth Environmental Facs Rev 4% tender 11/1/2052 (b)(d) | 6300000 | 6304288 |
| General Obligations - 0.3% |  |  |
| Chesterfld Gen. Oblig. Series 2015B, 3% 1/1/2026  | 5000000 | 5001182 |
| Virginia St Pub Bldg Auth Pub (Virginia St Proj.) 5% 8/1/2026 (d) | 2410000 | 2460346 |
|  |  | 7461528 |
| Health Care - 0.0% |  |  |
| Stafford Cnty VA Economic Dev Auth Hosp Facs Rev (Mary Washington Hospital,Va Proj.) Series 2016, 5% 6/15/2026  | 35000 | 35529 |
| Housing - 0.3% |  |  |
| Alexandria VA Redv & Hsg Auth Multi Fam Hsg Rev Series 2024, 3.4% tender 12/1/2054 (b) | 4000000 | 4004489 |
| Arlington Cnty VA Indl Dev Auth Multifamily Rev Series 2023 A, 5% 1/1/2026  | 3975000 | 4006058 |
| Fairfax Cnty VA Redev & Hsg Auth Multi-Family Hsg Rev 5% tender 1/1/2045 (b) | 170000 | 176296 |
| Virginia Housing Development Authority 3.625% tender 7/1/2055 (b) | 2290000 | 2290051 |
|  |  | 10476894 |
| Industrial Development - 0.1% |  |  |
| Wise Cnty VA Indl Dev Auth Solid Waste & Sew Disp Rev Series 2010A, 3.8% tender 11/1/2040 (b) | 2000000 | 2033694 |
| Synthetics - 0.1% |  |  |
| Nat'l Sr Campuses Participating VRDN Series 2022 028, 3.08% 1/1/2045 (Liquidity Facility Barclays Bank PLC) (b)(e) | 3600000 | 3600000 |
| Transportation - 0.0% |  |  |
| Virginia Port Auth Port Fac Rev Series 2016 B, 5% 7/1/2033 (Pre-refunded to 7/1/2026 at 100) (d) | 715000 | 727288 |
| Water & Sewer - 0.1% |  |  |
| Hampton Roads San Dist VA Wstr Series 2025 A, 5% 7/15/2026  | 3225000 | 3291948 |
| TOTAL VIRGINIA |  | 48888005 |
| Washington - 1.6%  |  |  |
| Electric Utilities - 0.0% |  |  |
| Tacoma WA Elec Sys Rev Series 2017, 5% 1/1/2026  | 35000 | 35286 |
| Escrowed/Pre-Refunded - 0.0% |  |  |
| University Wash Univ Revs Series 2020C, 5% 4/1/2026 (Escrowed to Maturity)  | 260000 | 263842 |
| General Obligations - 0.4% |  |  |
| King County WA 2.93% 9/9/2025 CP  | 6250000 | 6250353 |
| Snohomish Cnty WA Sch Dist 15 Edmonds Series 2024, 5% 12/1/2025  | 5100000 | 5131445 |
|  |  | 11381798 |
| Health Care - 0.4% |  |  |
| Skagit Cnty Wash Pub Hosp Dist No 1 Rev 4% 12/1/2026  | 1300000 | 1311789 |
| Washington St Health Care Facs Auth Rev (CommonSpirit Health Proj.) 5% 8/15/2026  | 115000 | 117368 |
| Washington St Health Care Facs Auth Rev (CommonSpirit Health Proj.) 5% 8/15/2027  | 50000 | 52131 |
| Washington St Health Care Facs Auth Rev (Multicare Health System, WA Proj.) 5% 8/15/2026  | 5045000 | 5149359 |
| Washington St Health Care Facs Auth Rev (Multicare Health System, WA Proj.) 5% 8/15/2029  | 2105000 | 2270434 |
| Washington St Health Care Facs Auth Rev 5% 7/1/2027  | 1250000 | 1250702 |
| Washington St Health Care Facs Auth Rev Series 2025A, 5% 3/1/2027  | 500000 | 518521 |
| Washington St Health Care Facs Auth Rev Series 2025A, 5% 3/1/2028  | 610000 | 644178 |
|  |  | 11314482 |
| Housing - 0.3% |  |  |
| Community Roots Housing Foundation Series 2024, 3.4% tender 2/1/2029 (b) | 5165000 | 5241262 |
| King Cnty Wash Hsg Auth Affordable Hsg Rev 5% 1/1/2028  | 120000 | 120829 |
| King Cnty Wash Hsg Auth Affordable Hsg Rev 5% 1/1/2028  | 65000 | 66796 |
| King Cnty Wash Hsg Auth Hsg Rev (King Cnty WA Mhsg Rev 2019 Proj.) Series 2021, 3% 12/1/2025  | 825000 | 825347 |
| King Cnty Wash Hsg Auth Hsg Rev (King Cnty WA Mhsg Rev 2019 Proj.) Series 2025, 5% 1/1/2031  | 450000 | 483076 |
| King Cnty Wash Hsg Auth Hsg Rev (King Cnty WA Mhsg Rev 2019 Proj.) Series 2025, 5% 1/1/2032  | 490000 | 525496 |
| King Cnty Wash Hsg Auth Hsg Rev (King Cnty WA Mhsg Rev 2019 Proj.) Series 2025, 5% 7/1/2028  | 390000 | 409088 |
| King Cnty Wash Hsg Auth Hsg Rev (King Cnty WA Mhsg Rev 2019 Proj.) Series 2025, 5% 7/1/2030  | 350000 | 376273 |
| Seattle Wash Hsg Auth Rev Series 2021, 1% 6/1/2026  | 1740000 | 1707496 |
| Seattle Wash Hsg Auth Rev Series 2023, 5% 6/1/2027  | 650000 | 663171 |
| Washington St Hsg Fin Commn Multifamily Hsg Rev Series 2023, 5% tender 12/1/2043 (b) | 805000 | 817674 |
|  |  | 11236508 |
| Synthetics - 0.1% |  |  |
| Snohomish Cnty WA Pud No 001 Participating VRDN Series 2025 1000, 2.81% 12/1/2055 (Liquidity Facility Barclays Bank PLC) (b)(e) | 4875000 | 4875000 |
| Transportation - 0.3% |  |  |
| Port Seattle WA Rev Series 2018A, 5% 5/1/2026 (d) | 455000 | 461529 |
| Port Seattle WA Rev Series 2018A, 5% 5/1/2027 (d) | 2140000 | 2211460 |
| Port Seattle WA Rev Series 2019, 5% 4/1/2026 (d) | 500000 | 506254 |
| Port Seattle WA Rev Series 2019, 5% 4/1/2027 (d) | 500000 | 517424 |
| Port Seattle WA Rev Series 2021C, 5% 8/1/2027 (d) | 200000 | 207439 |
| Port Seattle WA Rev Series 2021C, 5% 8/1/2029 (d) | 645000 | 696779 |
| Port Seattle WA Rev Series 2022B, 5% 8/1/2026 (d) | 835000 | 851688 |
| Port Seattle WA Rev Series 2025 B, 5% 10/1/2028 (d) | 1930000 | 2056455 |
| Port Seattle WA Rev Series 2025 B, 5% 10/1/2029 (d) | 1000000 | 1082859 |
|  |  | 8591887 |
| Water & Sewer - 0.1% |  |  |
| King Cnty WA Swr Rev 0.875% tender 1/1/2042 (b) | 4925000 | 4876987 |
| TOTAL WASHINGTON |  | 52575790 |
| West Virginia - 0.5%  |  |  |
| Electric Utilities - 0.1% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2009A, 3.7% tender 12/1/2042 (b) | 1000000 | 1017256 |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2015A, 3.375% tender 3/1/2040 (b) | 2000000 | 2018118 |
|  |  | 3035374 |
| Health Care - 0.1% |  |  |
| West Virginia St Hosp Fin Auth Hosp Rev (West Virginia United Health Sy Stem Proj.) Series 2018 E, 3.34% 6/1/2033 VRDN (b) | 3050000 | 3050000 |
| Industrial Development - 0.1% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev (Appalachian Power Co Proj.) Series 2011A, 3.3% tender 1/1/2041 (b)(d)(i) | 3980000 | 3976024 |
| Resource Recovery - 0.2% |  |  |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev Series 2010A, 0.625% tender 12/1/2038 (b) | 2000000 | 1983987 |
| West Virginia Economic Dev Auth Sold Waste Disp Facs Rev Series 2014A, 4.7% tender 4/1/2036 (b)(d) | 3085000 | 3096482 |
|  |  | 5080469 |
| TOTAL WEST VIRGINIA |  | 15141867 |
| Wisconsin - 2.0%  |  |  |
| Education - 0.1% |  |  |
| Wisconsin St Health & Edl Facs Auth Rev (Marquette University, WI Proj.) 5% 10/1/2025  | 3635000 | 3641290 |
| Electric Utilities - 0.0% |  |  |
| Wisconsin Health & Educational Facilities Authority (Milwaukee Reg Med Center Thermal Proj.) 5% 4/1/2026  | 195000 | 197597 |
| General Obligations - 0.0% |  |  |
| City of Racine WI Gen. Oblig. 2% 12/1/2033  | 250000 | 208522 |
| Milwaukee WI Gen. Oblig. 2% 3/1/2027  | 1610000 | 1590550 |
| Racine WI Uni Sch Dist 5% 4/1/2026 (Assured Guaranty Inc Insured)  | 125000 | 126778 |
| Racine WI Uni Sch Dist 5% 4/1/2027 (Assured Guaranty Inc Insured)  | 150000 | 155927 |
| Racine WI Uni Sch Dist 5% 4/1/2028 (Assured Guaranty Inc Insured)  | 175000 | 185978 |
| Racine WI Uni Sch Dist 5% 4/1/2029 (Assured Guaranty Inc Insured)  | 250000 | 271132 |
|  |  | 2538887 |
| Health Care - 0.5% |  |  |
| Public Fin Auth WI Hosp Rev (Renown Regional Medical Center Proj.) 5% 6/1/2026  | 515000 | 523771 |
| Public Fin Auth WI Hosp Rev (Renown Regional Medical Center Proj.) Series 2025 A, 5% 6/1/2028  | 1000000 | 1059696 |
| Univ of Wis Hosp & Clinics Auth (Uw Health Proj.) Series 2024A, 5% 4/1/2026  | 500000 | 507386 |
| Wisconsin Health & Edl Facs Auth Health Facs Rev (Unitypoint Health Proj.) Series 2014A, 5% 12/1/2026  | 2175000 | 2176849 |
| Wisconsin Health & Educational Facilities Authority (Ascension Health Credit Group Proj.) Series 2019 A, 5% 11/15/2028  | 285000 | 306924 |
| Wisconsin Health & Educational Facilities Authority (Bellin Hosp Proj.) Series 2019 A, 5% 12/1/2025  | 125000 | 125614 |
| Wisconsin Health & Educational Facilities Authority (Bellin Hosp Proj.) Series 2019 A, 5% 12/1/2026  | 200000 | 205480 |
| Wisconsin St Health & Edl Facs Auth Rev (Advocate Health Care Network Proj.) 5% tender 8/15/2054 (b) | 3825000 | 3895308 |
| Wisconsin St Health & Edl Facs Auth Rev (Froedtert Thedacare Proj.) Series 2025 B, 5% 10/1/2029  | 2190000 | 2388096 |
| Wisconsin St Health & Edl Facs Auth Rev (Sanford Health, SD Proj.) Series 2024 A, 5% 2/15/2026  | 400000 | 404201 |
| Wisconsin St Health & Edl Facs Auth Rev (Sanford Health, SD Proj.) Series 2024 A, 5% 2/15/2027  | 790000 | 817346 |
| Wisconsin St Health & Edl Facs Auth Rev (Sanford Health, SD Proj.) Series 2024 A, 5% 2/15/2028  | 515000 | 542336 |
| Wisconsin St Health & Edl Facs Auth Rev (Sanford Health, SD Proj.) Series 2024 A, 5% 2/15/2029  | 1910000 | 2047265 |
|  |  | 15000272 |
| Housing - 0.2% |  |  |
| Wisconsin Hsg & Eda Hsg Rev (Wi Hsg Rev 3/12/74 Proj.) 2.86% 5/1/2042, LOC Bank of America NA VRDN (b)(d) | 4900000 | 4900000 |
| Wisconsin Hsg & Eda Hsg Rev (Wi Mhsg Rev 2007 Proj.) Series 2023 E, 3.875% tender 11/1/2054 (b) | 985000 | 986541 |
|  |  | 5886541 |
| Industrial Development - 0.2% |  |  |
| Wisconsin St Health & Edl Facs Auth Rev (WI Forensic Science Proj Proj.) Series 2024, 5% 8/1/2027 (g) | 5675000 | 5763124 |
| Other - 0.7% |  |  |
| Appleton Wis Redev Auth Rev (Fox Cities Performing Arts Center Inc Proj.) 3.05% 6/1/2036 VRDN (b) | 10000000 | 10000000 |
| Milwaukee WI Gen. Oblig. Series 2023 N3, 5% 4/1/2028 (Assured Guaranty Inc Insured)  | 1690000 | 1789492 |
| Peshtigo School District 4.75% 3/1/2027  | 2500000 | 2503143 |
| PMA Levy & Aid Anticipation Notes Program 5% 9/24/2025  | 2500000 | 2503304 |
| Town of Clayton WI Series 2021 B, 2% 6/1/2026  | 2000000 | 1980172 |
| Wisconsin Hsg & Economic Dev Auth Multifamily Hsg 5% tender 11/1/2058 (b) | 3250000 | 3348511 |
| Wisconsin St Health & Edl Facs Auth Rev 4% 9/15/2026  | 220000 | 219839 |
|  |  | 22344461 |
| Resource Recovery - 0.3% |  |  |
| Public Fin Auth Wis Pollutionctl Rev (Duke Energy Progress Llc Proj.) Series 2022A 1, 3.3% tender 10/1/2046 (b) | 3300000 | 3311271 |
| Public Fin Auth Wis Sld Waste (Waste Management Inc Del Proj.) Series 2017 A 2, 3.85% tender 10/1/2025 (b)(d) | 7000000 | 7000056 |
|  |  | 10311327 |
| Water & Sewer - 0.0% |  |  |
| Sharon Wis Util Sys Rev Series 2024A, 5% 12/1/2026  | 2150000 | 2176311 |
| TOTAL WISCONSIN |  | 67859810 |
| Wyoming - 0.3%  |  |  |
| Electric Utilities - 0.2% |  |  |
| Lincoln Cnty Wyo Environmental Impt Rev (Pacificorp Proj.) Series 1995, 3.1% 11/1/2025 VRDN (b)(d) | 7200000 | 7200001 |
| Sweetwater Cnty WY Env Imp Rev (Pacificorp Proj.) 4.2% 11/1/2025 VRDN (b)(d) | 1100000 | 1100000 |
|  |  | 8300001 |
| Health Care - 0.1% |  |  |
| Sublette Cnty Wyo Hosp Dist Rev 5% 6/15/2026  | 2000000 | 2000690 |
| Housing - 0.0% |  |  |
| Wyoming Community Development Authority (WY Single Family Proj.) Series 2022 1, 3.5% 6/1/2052  | 1040000 | 1045743 |
| TOTAL WYOMING |  | 11346434 |
| <br> **TOTAL MUNICIPAL SECURITIES**<br> (Cost $2,827,221,926) |  | <br> **2838426170** |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Money Market Funds - 3.6%** | &nbsp;&nbsp;**Money Market Funds - 3.6%** | &nbsp;&nbsp;**Money Market Funds - 3.6%** | &nbsp;&nbsp;**Money Market Funds - 3.6%** |
|  | Yield (%) | Shares | Value ($)<br>|
| Fidelity Investments Money Market Government Portfolio - Institutional Class (j)(k) | 4.25 | 41733685 | 41733685 |
| Fidelity Municipal Cash Central Fund (l)(m) | 3.21 | 25667945 | 25673078 |
| Fidelity SAI Municipal Money Market Fund (j)(k) | 3.09 | 44185375 | 44194212 |
| State Street Institutional U.S. Government Money Market Fund Premier Class (k) | 4.23 | 8283215 | 8283215 |
| <br> **TOTAL MONEY MARKET FUNDS**<br> (Cost $119,871,338) |  |  | **119884190** |

---

---

| | |
|:---|:---|
| <br> **TOTAL INVESTMENT IN SECURITIES - 99.6%**<br> (Cost $3,301,328,816)<br>| <br>**3312455799** |
| **NET OTHER ASSETS (LIABILITIES) - 0.4%**  | **12979500** |
| **NET ASSETS - 100.0%** | **3325435299** |

---

**Security Type Abbreviations**

---

| | | |
|:---|:---|:---|
| BAN | - | BOND ANTICIPATION NOTE |
| ETF | - | EXCHANGE-TRADED FUND |
| RAN | - | REVENUE ANTICIPATION NOTE |
| TAN | - | TAX ANTICIPATION NOTE |
| TRAN | - | TAX AND REVENUE ANTICIPATION NOTE |
| VRDN | - | VARIABLE RATE DEMAND NOTE (A debt instrument that is payable upon demand, either daily, weekly or monthly) |

---

**Legend**

(a) Amount is stated in United States dollars unless otherwise noted.

(b) Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end.

(c) Coupon is indexed to a floating interest rate which may be multiplied by a specified factor and/or subject to caps or floors.

(d) Private activity obligations whose interest is subject to the federal alternative minimum tax for individuals.

(e) Provides evidence of ownership in one or more underlying municipal bonds. Coupon rates are determined by re-marketing agents based on current market conditions.

(f) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $37,198,736 or 1.1% of net assets.

(g) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $53,711,900 or 1.6% of net assets.

(h) Security initially issued in zero coupon form which converts to coupon form at a specified rate and date. The rate shown is the rate at period end.

(i) Security or a portion of the security purchased on a delayed delivery or when-issued basis.

(j) Affiliated Fund

(k) The rate quoted is the annualized seven-day yield of the fund at period end.

(l) Information in this report regarding holdings by state and security types does not reflect the holdings of the Fidelity Central Fund.

(m) Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request.

---

| | | |
|:---|:---|:---|
| Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: | Additional information on each restricted holding is as follows: |
| Security | Acquisition Date | Acquisition Cost ($)<br>|
| Arizona Ind Dev Auth Multi Fam Hsg Auth Participating VRDN Series 2023 MIZ9157, 2.96% 12/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 12/21/2023 | 1500000 |
| Arizona Ind Dev Auth Participating VRDN Series 2023 MIZ9149, 2.96% 7/1/2040 (Liquidity Facility Mizuho Capital Markets LLC) | 9/26/2024 | 3391000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN 2.94% 11/1/2052 (Liquidity Facility Mizuho Capital Markets LLC) | 11/16/2022 | 1600000 |
| California Statewide Cmntys Dev Auth Multi Fam Hsg Rev Participating VRDN Series 2024 MIZ9162, 2.94% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/18/2024 | 515000 |
| El Paso TX Hsg Fin Auth Participating VRDN Series 2022 MIZ9104, 2.96% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 8/5/2022 | 1900000 |
| Los Angeles CA Multi Fam Mtg Rev Participating VRDN Series 2025 MIZ9221, 2.94% 8/4/2028 (Liquidity Facility Mizuho Capital Markets LLC) | 8/5/2025 | 5400000 |
| Metropolitan Govt Nashville & Davidson County Hlth & Edl Facs Participating VRDN Series 2024 MIZ9163, 2.96% 12/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/18/2024 | 1300000 |
| Miami Dade County Hsg Multi Fam Hsg Rev Participating VRDN Series 2022 MIZ9087, 2.96% 11/1/2061 (Liquidity Facility Mizuho Capital Markets LLC) | 1/27/2022 | 920000 |
| Nat'l Fin Auth NH Specialty Bonds Series 2024 MS0023, 3.03% tender 12/15/2030 (Liquidity Facility Morgan Stanley Bank NA) | 4/16/2024 | 4170000 |
| Saint Paul Hsg & Redev Auth Rev Participating VRDN Series 2023 MIZ9145, 2.96% 6/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 9/26/2024 | 2420000 |
| St Louis County Ind Dev Auth Multi Fam Hsg Rev Participating VRDN 2.96% 10/1/2063 (Liquidity Facility Mizuho Capital Markets LLC) | 11/17/2023 | 1700000 |
| Steele Duncan Plaza LLC Participating VRDN Series 2022 MIZ9103, 2.96% 8/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 8/11/2022 | 1282736 |
| Texas Affordable Hsg Corp Multi Fam Hsg Rev Participating VRDN 2.96% 10/1/2062 (Liquidity Facility Mizuho Capital Markets LLC) | 1/27/2023 | 11100000 |

---

**Affiliated Central Funds**

Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period  | % ownership,<br> end<br> of period |
| Fidelity Municipal Cash Central Fund | 70423183 | 110054176 | 154804281 | 279261 | - | - | 25673078 | 25667945 | 0.9% |
| Total | 70423183 | 110054176 | 154804281 | 279261 | - | - | 25673078 |  |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Affiliated Underlying Funds**

Fiscal year to date information regarding the Fund's investments in affiliated underlying funds is presented below. Exchanges between classes of the same affiliated underlying funds may occur. If an underlying fund changes its name, the name presented below is the name in effect at period end.

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Affiliate  | Value,<br> beginning<br> of period ($) | Purchases ($) | Sales<br> Proceeds ($) | Dividend<br> Income ($) | Realized<br> Gain (loss) ($) | Change in<br> Unrealized<br> appreciation<br> (depreciation) ($) | Value,<br> end<br> of period ($) | <br>Shares,<br> end<br> of period |
| Fidelity Investments Money Market Government Portfolio - Institutional Class | 97567726 | 83577599 | 139411640 | 720897 | - | - | 41733685 | 41733685 |
| Fidelity SAI Municipal Money Market Fund | 43912669 | 281543 | - | 281565 | - | - | 44194212 | 44185375 |
|  | 141480395 | 83859142 | 139411640 | 1002462 | - | - | 85927897 |  |

---

Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.

**Investment Valuation**

Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 - Unadjusted quoted prices in active markets for identical investments

Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing services or from brokers who make markets in such securities. Municipal Securities are valued by pricing services who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing services. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.

Exchange-Traded Funds (ETFs) and Exchange-Traded Notes (ETNs) are valued at their last sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day but the exchange reports a closing bid level, ETFs and ETNs are valued at the closing bid and would be categorized as Level 1 in the hierarchy. In the event there was no closing bid, ETFs and ETNs may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and may be categorized as Level 2 in the hierarchy.

Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated open-end mutual fund's NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

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

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.*

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Fidelity Rutland Square Trust II

- **b. Investment Company Act file number:** 811-21991

- **c. CIK number of Registrant:** 0001364924

- **d. LEI of Registrant:** 1KZ3JN58GDRI3EZKKG06

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

  - **Street Address 1:** 245 Summer Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Strategic Advisers Tax-Sensitive Short Duration Fund

- **b. EDGAR series identifier (if any):** S000060103

- **c. LEI of Series:** 54930086GR32D7U2PQ68

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3354724053.93

**Total Liabilities:** $26781720.97

**Net Assets:** $3327942332.96

**Delayed Delivery Securities:** $13640940.10

**Cash Not Reported:** $19099417.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 31339.26182120 | **1-Year:** 117478.46429500 | **5-Year:** 72573.00252350 | **10-Year:** 3373.98935750 | **30-Year:** 2751.89459800

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

- **3-Month:** 1968.69366150 | **1-Year:** 2360.33408700 | **5-Year:** 1083.89875650 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196739 | 0.36%                | 0.46%                | 0.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8840.93                | $5639279.14                                |
| Month 2  | $151194.20               | $5419058.95                                |
| Month 3  | $52513.70                | $4332587.53                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ILLINOIS ST                                                                               | IL ST 5% 1/1/2026                                                                              | CUSIP: 452152A35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302322.27    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN SER B 5% 12/1/2027@                                                               | CUSIP: 646080TU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1294031.84   | 0.04%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 11/1/2029                                                                    | CUSIP: 09182TEG8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4784925.15   | 0.14%             | 2029-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORWALK CONN HSG AUTH MULTIFAMILY HSG REV                                                 | NORWALK CONN HS 3.05% MT                                                                       | CUSIP: 668865AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5016791.50   | 0.15%             | 2058-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2030                                                                   | CUSIP: 725304YW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $222665.36    | 0.01%             | 2030-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 3.85% MT @                                                                        | CUSIP: 13048RAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5003938.00   | 0.15%             | 2041-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SUBLETTE CNTY WYO HOSP DIST REV                                                           | SUBLETTE CNTY W 5% 6/15/2026                                                                   | CUSIP: 86428TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000690.20   | 0.06%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP REV                                                 | RI BROWN UNIV(BRWNTE)25 TECP                                                                   | CUSIP: 76219SDM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7003321.50   | 0.21%             | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 5% MT                                                                            | CUSIP: 160853TK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3075000 | PA      | $2879469.36   | 0.09%             | 2048-01-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2033                                                                   | CUSIP: 725304YZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $397013.30    | 0.01%             | 2033-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA HSG FIN DEV AUT                                                            | SC HSG DEV AUT 6% 1/1/2054                                                                     | CUSIP: 83712D4A1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $154037.14    | 0.00%             | 2054-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2028 @                                                                 | CUSIP: 592647LL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1798155.61   | 0.05%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2027                                                                   | CUSIP: 56035DFP2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1767439.00   | 0.05%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID BAY BRIDGE AUTH                                                            | FL MID BAY BRG SR A 5% 10/1/25                                                                 | CUSIP: 342814DQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40056.00     | 0.00%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PLAINVIEW TEX INDPT SCH DIST                                                              | PLAIN TX 726736 4% 2/15/2050 MT                                                                | CUSIP: 726736GY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017057.80   | 0.06%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 10/1/2028                                                                             | CUSIP: 4521526S5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1100629.68   | 0.03%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAINE HEALTH and HIGHER EDL FACS AUTH REV                                                 | ME ST HEALTH 5% 7/1/2026                                                                       | CUSIP: 56042RX31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $992233.71    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2025                                                                       | CUSIP: 213185MT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3220000 | PA      | $3235859.47   | 0.10%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2031                                                                    | CUSIP: 762197T27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $387322.29    | 0.01%             | 2031-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/25@                                                                    | CUSIP: 54714CBA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $732535.00    | 0.02%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.375% MT                                                                        | CUSIP: 607167EA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $238683.93    | 0.01%             | 2034-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST PUB BLDG AUTH PUB                                                             | VA PUB BLDG 5% 8/1/2026 @                                                                      | CUSIP: 9281724E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2410000 | PA      | $2460346.11   | 0.07%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 3.3% 6/1/2037 MT                                                               | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017345.60   | 0.06%             | 2037-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST NO 1 SPL REVCOLO                                                        | BASELINE MET DI 5% 12/1/2025                                                                   | CUSIP: 069826AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $437157.86    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                        | HLTH BAPTIST AL 2013B V7                                                                       | CUSIP: 42219UBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2399000 | PA      | $2399000.00   | 0.07%             | 2042-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA HEALTH CARE FACS REV                                                     | JCKSNVL FL BAPTIST HLTH 19E V7                                                                 | CUSIP: 469400EA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $690000.00    | 0.02%             | 2036-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                                                 | CUSIP: 592647FY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1865204.51   | 0.06%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDPT SCH DIST                                                                 | LEANDER TX ISD 0% 8/15/2029                                                                    | CUSIP: 521841T63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $535847.52    | 0.02%             | 2029-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2026                                                                   | CUSIP: 02765URM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1794976.21   | 0.05%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP FAC REV ACTING                                                               | OH HOSP DA 5% 1/1/26                                                                           | CUSIP: 677561KC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503953.25    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2027 @                                                                  | CUSIP: 442349CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2144738.12   | 0.06%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL TRANSIT SALES TX 2024-XF3290-BNY Q=WF D7                                            | CUSIP: 88035J4S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| INDIANA ST DEV FIN AU SOL WST                                                             | IN ST DFA SW 2.95% 10/1/2031 MT @                                                              | CUSIP: 454906AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5037025.00   | 0.15%             | 2031-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST SCH BLDG AUTH DEDICATED SALES TAX REV                                    | MA SCH BLDG 5% 8/15/2027                                                                       | CUSIP: 576000RT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2402277.36   | 0.07%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV AGY MULTI-FAMILY HSG REV                                         | MONRO NY 61075N 5% 7/1/2028                                                                    | CUSIP: 61075NAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $810714.68    | 0.02%             | 2028-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LAKE CNTY FLA SCH BRD COP                                                                 | LAKE FL SB COP 5% 6/1/2028                                                                     | CUSIP: 50825JLZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1385702.63   | 0.04%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS MO INDL DEV AUTH                                                              | ST LOUIS MO MFH 3.15% 4/1/2046 MT                                                              | CUSIP: 791900FX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3814998.98   | 0.11%             | 2046-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% MT                                                                          | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2008363.50   | 0.06%             | 2052-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2027                                                                    | CUSIP: 59261ANK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1250552.19   | 0.04%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OREGON ST DEPT TRANS REV                                                                  | OR DOT (ORDEPT) A-1 L=WF TECP                                                                  | CUSIP: 68607PCF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400091.68   | 0.07%             | 2025-09-04      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH .80% 1/15/2048 MT                                                                | CUSIP: 160853VG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1493671.35   | 0.04%             | 2048-01-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF TEXAS UNIV REVS                                                             | UTX RFS(UNTXCT)C2 UQ=UTX TECP                                                                  | CUSIP: 91514UAJ0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7002419.90   | 0.21%             | 2025-10-22      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | AZ IDA MF HSG ROERS FLAGSTAFF 2023-MIZ9157 MZ/MZ D35                                           | CUSIP: 60700HUK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.05%             | 2063-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/1/2026 AMT                                                                    | CUSIP: 73358WZZ0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    525000 | PA      | $537734.87    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2027 @                                                                   | CUSIP: 167562TQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2563227.00   | 0.08%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ECONOMIC DEV REV                                                      | IN FIN ECON VAR MT@                                                                            | CUSIP: 45505RBN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.06%             | 2028-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2026                                                                    | CUSIP: 56035DEH1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2129007.09   | 0.06%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.5% 6/1/2049 MT                                                                | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1788285.61   | 0.05%             | 2049-06-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                            | DFW ARPT 5% 11/1/2026 @                                                                        | CUSIP: 23503CDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1845994.32   | 0.06%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CREEK CNTY OKLA EDL FACS AUTHEDL FACS LEASE REV                                           | CREEK OK 225472 5% 9/1/2027                                                                    | CUSIP: 225472BX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2758524.92   | 0.08%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALBANY NY                                                                                 | ALBANY CITY NY 3/20/26 BAN                                                                     | CUSIP: 012429CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10400000 | PA      | $10457833.36  | 0.31%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXAS A and M UNIVERSITY REVS                                                             | TX A and M UNIV 5% 5/15/2026                                                                   | CUSIP: 88213AQR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $738633.77    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 0% 6/1/2037 MT                                                                 | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2487068.25   | 0.07%             | 2037-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 12/1/2027 @                                                                  | CUSIP: 249182LA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2428009.73   | 0.07%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL SCH BRD                                                                | PALM BCH SCH BR 5% 8/1/2029                                                                    | CUSIP: 696550M25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $788355.43    | 0.02%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2026                                                                           | CUSIP: 54811BWE7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3213633.42   | 0.10%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX ISD                                                                             | DALLAS TX ISD 25A-1 G=PSF MT                                                                   | CUSIP: 235308Q30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2526371.50   | 0.08%             | 2055-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2029                                                                    | CUSIP: 97712JKF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1910000 | PA      | $2047265.02   | 0.06%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OH UNIV HOSP SYS R-FLOAT V7                                                                    | CUSIP: 67756CCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4995000 | PA      | $4995000.00   | 0.15%             | 2033-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CENTRAL TX REGL MOBILITY AUTH REV                                                         | CTR TX RMA 5% 1/1/2026                                                                         | CUSIP: 155498ED6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75560.02     | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 2/1/2026                                                                    | CUSIP: 74440DEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302080.53    | 0.01%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | 2025 LOAN HOLDI 2025 MS0041 D7                                                                 | CUSIP: 88035PHF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2026-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10B1 V7                                                                               | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1850000.00   | 0.06%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PISCATAWAY TWP NJ                                                                         | PISCATAWAY TWP 2% 2/1/2031                                                                     | CUSIP: 724292WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $470737.35    | 0.01%             | 2031-02-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                              | AZ HLTH REV 3.09% 1/1/2046 PRE                                                                 | CUSIP: 040507QS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79966.93     | 0.00%             | 2046-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 08/01/26                                                                             | CUSIP: 64966MJK6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    220000 | PA      | $225272.72    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNI SCH DIST CP                                                            | LA CA USD COP 5% 10/1/2026 PRE                                                                 | CUSIP: 544648WN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2393235.96   | 0.07%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 4/1/2026 @                                                                     | CUSIP: 735389G44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506253.55    | 0.02%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                                             | CUSIP: 56682HCT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9753485.76   | 0.29%             | 2046-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 4.05% MT                                                                        | CUSIP: 593344BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410000.00    | 0.01%             | 2026-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| VIRGINIA SMALL BUSINESS FING AUTH ENVIRONMENTAL FACS REV                                  | VA SM BUS PURE SALMON LLC PRE MT@                                                              | CUSIP: 92810RAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6300000 | PA      | $6304288.41   | 0.19%             | 2052-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY REV                                                               | NEW YORK ST HSG FIN AGY REV 330 RIVERDALE AVE APTS-A LOC BANK OF AMERICA                       | CUSIP: 64986M2X2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.12%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2026@                                                                   | CUSIP: 717817YF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1653453.75   | 0.05%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2027                                                                        | CUSIP: 8371513L1<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $580865.12    | 0.02%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMPTON ROADS SAN DIST VA WSTR                                                            | HAMPTON ROADS VA SANIT DIST 25A 7/15/26                                                        | CUSIP: 409327MW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3225000 | PA      | $3291947.78   | 0.10%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORTAGE MI PUB SCHS                                                                       | PORTAGE MI PUB 5% 11/1/2028                                                                    | CUSIP: 735779MN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20325.86     | 0.00%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                                                    | CUSIP: 56035DGG1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $560450.33    | 0.02%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2030 PRE @                                                             | CUSIP: 3922743P9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1166959.18   | 0.04%             | 2030-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MI UNIV REVS                                                                   | UNIV OF MICHIGAN MI VARIABLE-GEN-SER A                                                         | CUSIP: 914455LP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2036-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2025 @                                                                 | CUSIP: 54714CBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5125000 | PA      | $5142797.08   | 0.15%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                                                 | CUSIP: 592647MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3985000 | PA      | $4164056.01   | 0.13%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | IL FIN AUTH UNIV CHICAGO MED CTR 2024-MIZ9167 MZ/MZ D1                                         | CUSIP: 60700HVR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2034-05-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ORLANDO FLA CONTRACT TOURIST DEV TAX PMTS REV                                             | ORLANDO FLA CON 5% 11/1/2025                                                                   | CUSIP: 686432BB0<br>LEI: G8GZFWRIKS3AFD6AWU52 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5018658.00   | 0.15%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 3.35% MT                                                                               | CUSIP: 34074HHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2257966.80   | 0.07%             | 2027-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ BD OF ED BD                                                                     | NEWARK NJ BD OF 5% 7/15/2026                                                                   | CUSIP: 650370DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306854.85    | 0.01%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY .49% 8/1/2026                                                                           | CUSIP: 64966GMS8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    625000 | PA      | $625000.00    | 0.02%             | 2026-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 3/1/2027                                                                     | CUSIP: 93978HZB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518520.95    | 0.02%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2026                                                                   | CUSIP: 187145VS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $818297.92    | 0.02%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 11/1/2026                                                                    | CUSIP: 09182TED5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2268437.56   | 0.07%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.80% 7/1/2057                                                                  | CUSIP: 20775DUY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10400000 | PA      | $10405707.52  | 0.31%             | 2057-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 12/1/2026                                                                   | CUSIP: 97712DW85<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205479.72    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2026                                                                    | CUSIP: 97712JKC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404201.28    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PESHTIGO WI SCH DIST                                                                      | PESHTIGO WI SD 4.75% 3/1/2027                                                                  | CUSIP: 715777FE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503143.00   | 0.08%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LIBERTY NY DEV CORP REV                                                                   | LIBERTY NY DEV 2015-XM0106 LIQ MORGAN STANLEY                                                  | CUSIP: 531127AM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.07%             | 2035-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REV                                                          | MASS MA SER I 5% 7/1/26                                                                        | CUSIP: 57584XNE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20361.46     | 0.00%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL REV                                                            | PA HEFA 5% 5/1/2028                                                                            | CUSIP: 70917SU43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1657495.84   | 0.05%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 10/1/2025                                                                             | CUSIP: 4521522H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2609832.28   | 0.08%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2028                                                                   | CUSIP: 64579XEP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $261929.21    | 0.01%             | 2028-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCHOOL GO                                                                 | BROWARD FL SD 5% 7/1/2028                                                                      | CUSIP: 115067MH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2253763.72   | 0.07%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 8/15/2054                                                                    | CUSIP: 97712JGV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3825000 | PA      | $3895306.94   | 0.12%             | 2054-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2027 @                                                                      | CUSIP: 73358XJV5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5237034.00   | 0.16%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/27                                                                           | CUSIP: 6461362B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91764.63     | 0.00%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2026 @                                                                  | CUSIP: 442349FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1273856.25   | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                                | CHICAGO IL 4% 1/1/2030                                                                         | CUSIP: 167486H85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1652000 | PA      | $1674886.97   | 0.05%             | 2030-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CO WASH SD 015 EDMDS                                                            | SNOHOMISH 5% 12/1/2025                                                                         | CUSIP: 833153VM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5131445.58   | 0.15%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.7% MT                                                                           | CUSIP: 121342QM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1181809.55   | 0.04%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PASCO CNTY FL TAX ALLOC                                                                   | PASCO CNTY CAP 5.25% 9/1/2026                                                                  | CUSIP: 70252AAB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $282091.45    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY RV                                                           | MASSACHUSET REV 5% 1/1/2026                                                                    | CUSIP: 57585BDE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $563902.02    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% MT                                                                              | CUSIP: 235298BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1081048.03   | 0.03%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2029 @                                                                  | CUSIP: 442349JB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6439193.40   | 0.19%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                          | CUSIP: 56035DJZ6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1190904.07   | 0.04%             | 2055-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2026                                                                    | CUSIP: 60416TTC2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1328259.01   | 0.04%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2025 @                                                                 | CUSIP: 3922744C7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275462.47    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2028                                                                        | CUSIP: 283735AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1607094.45   | 0.05%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.60% 1/1/2039 MT                                                                | CUSIP: 610530FE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $575362.55    | 0.02%             | 2039-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 3.25% 11/1/2026                                                                          | CUSIP: 452152Q53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4910000 | PA      | $4935741.17   | 0.15%             | 2026-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETLEMENT FING CORP RI                                                            | RI TOBACCO 5% 6/1/2026                                                                         | CUSIP: 888809AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75095.15     | 0.00%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN ARIZ UNIV CTFS PARTN                                                             | NORTHE AZ U COP 5% 9/1/2026                                                                    | CUSIP: 664751DP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1581393.04   | 0.05%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INST TECHNOLOGY                                                                | NEW JERSEY INST 5% 7/1/2030                                                                    | CUSIP: 64579RDN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $509093.09    | 0.02%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARRY CNTY MO CTFS PARTN                                                                  | BARRY CNTY MO C 5% 10/1/2025                                                                   | CUSIP: 06882PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215291.76    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2030                                                                    | CUSIP: 45471CCY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539863.50    | 0.02%             | 2030-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                            | YUMA AZ HOSP 5% 8/1/2027                                                                       | CUSIP: 988514CH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $783741.75    | 0.02%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2027 @                                                                     | CUSIP: 735389C63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2211460.16   | 0.07%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONALFIN AUTH REV                                                | NEW YORK AUTH 5% 11/1/2027                                                                     | CUSIP: 64972JSK5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3543176.25   | 0.11%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTIL SYS REV                                                                   | HOUSTON TX UTIL 5% 11/15/2025                                                                  | CUSIP: 44244CGH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1759175.43   | 0.05%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KATY TX IS                                                                                | KATY TX ISD 4% MT                                                                              | CUSIP: 486063V49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6076024.80   | 0.18%             | 2050-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2027@                                                                        | CUSIP: 795576MF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1348309.82   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| READING PA SCH DIST                                                                       | READING PA SD 5% 3/1/2027                                                                      | CUSIP: 755638YY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5165.46      | 0.00%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PAWTUCKET R I                                                                             | PAWTUCKET CITY RI 24-2 10/24/25 BAN                                                            | CUSIP: 7041654L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4706171.10   | 0.14%             | 2025-10-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA STUDENT DORM REV                                                        | DISTRICT OF COLUMBIA TECP                                                                      | CUSIP: 25483XAA8<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600479.16   | 0.11%             | 2025-10-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                          | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    340000 | PA      | $342434.33    | 0.01%             | 2049-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEWARK HIGHER ED FIN CORP TEX REV                                                         | NEWARK HGR EDU TX 5% 4/1/26                                                                    | CUSIP: 650348AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55627.40     | 0.00%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2028                                                                    | CUSIP: 45471CCW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $356947.20    | 0.01%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                                      | ITHACA CITY NY 7/17/26 BAN                                                                     | CUSIP: 465650U80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1313642.85   | 0.04%             | 2026-07-17      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | NASHVILLE and DAVIDSON TN HLTH and EDUC EWING HGTS 2024-MIZ9163 MZ/MZ D35                      | CUSIP: 60700HVD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.04%             | 2062-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| SKAGIT CNTY WASH PUB HOSP DISTNO 001 REV                                                  | SKAGI WA 830227 4% 12/1/2026                                                                   | CUSIP: 830227DV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1311789.44   | 0.04%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MONTANA FACILITY FIN AUTH REV                                                             | MT ST FAC FIN 5% 2/15/2065                                                                     | CUSIP: 61204KPV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107506.96    | 0.00%             | 2065-02-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/1/2026 @                                                                      | CUSIP: 762315QY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $581352.80    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DECATUR AL INDL DEV BRD EXEMPT                                                            | AL NUCOR 03A V7@                                                                               | CUSIP: 242846AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5500000.00   | 0.17%             | 2036-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.65% MT                                                                         | CUSIP: 607167DX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12031404.00  | 0.36%             | 2034-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| VALLEY CENTER KANS                                                                        | VALLE KS 4.375% 12/1/2025                                                                      | CUSIP: 919443XF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2891752.79   | 0.09%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST P ATH SPL FAC                                                            | MA PORT SPL 5% 7/1/2027 @                                                                      | CUSIP: 575898DC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $295384.29    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2026@                                                                   | CUSIP: 64763HLX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1280000 | PA      | $1289566.21   | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Salem Street Trust                                                               | Fidelity Sai Municipal Money Market Fund                                                       | CUSIP: 31635V174<br>LEI: S4W85DGKOEJ24DPRB829 | Long             | EC               | RF                | US        |  44091187 | NS      | $44100005.34  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| POLK CO FL HSG FIN AUTH MFH RV                                                            | POLK CO FL HFA 4.15% MT                                                                        | CUSIP: 731903BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $766522.02    | 0.02%             | 2040-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DV AU RV                                                            | CA STWD .33% 07/01/2040                                                                        | CUSIP: 130795DJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2175000.00   | 0.07%             | 2040-07-01      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| BUILT LEARN MD STADIUM AUTH                                                               | MARYLAND ST STA 5% 6/1/2026                                                                    | CUSIP: 574294BB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $866634.76    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                                 | DALLAS TX 5% 2/15/2026                                                                         | CUSIP: 235219VZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7800000 | PA      | $7887230.52   | 0.24%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN AGY MULTIFAMILY HSG MTG REV 3                                   | DISTRICT COLUB 5% 3/1/2029 MT                                                                  | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1492452.66   | 0.04%             | 2029-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH ARPT REV                                                      | RALEIGH NC ARPT 5% 5/1/2027@                                                                   | CUSIP: 751073LA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $771723.60    | 0.02%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2026                                                                      | CUSIP: 66285WE77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $700425.59    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2031                                                                         | CUSIP: 2510936M7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $346775.97    | 0.01%             | 2031-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.8% MT                                                                           | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3960000 | PA      | $3980667.64   | 0.12%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                                  | ARGYLE TX ISD 4% G=PSF 8/15/2057 MT                                                            | CUSIP: 040319X26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1502061.73   | 0.05%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SANTEECPR(SCPSAF)20A L=BC TECP                                                                 | CUSIP: 83706TBP3<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2175364.75   | 0.07%             | 2025-10-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| READING PA SCH DIST                                                                       | READING PA SD 5% 3/1/2026                                                                      | CUSIP: 755638YX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5062.26      | 0.00%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% MT                                                                           | CUSIP: 45204FTD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3110159.10   | 0.09%             | 2052-08-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2026 @                                                                       | CUSIP: 795576GW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2034854.40   | 0.06%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JOHN BAPTIST PARISH LA REV                                                             | ST JOHN BAP REV 4.05% MT                                                                       | CUSIP: 79020FAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3045000 | PA      | $3070735.73   | 0.09%             | 2037-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 4.25% MT@                                                                         | CUSIP: 13048RAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $970000.00    | 0.03%             | 2046-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG and FIN AUTH MULTIFAMILY HSG REV                                             | CO HSG and FIN 3.5% 11/1/2043                                                                  | CUSIP: 19647PDN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9090000 | PA      | $9122524.02   | 0.27%             | 2043-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HAWAII ST HSG FIN and DEV CORP MULTIFAMILY REV                                            | HI ST HSG FIN 3.3% MT                                                                          | CUSIP: 41981PCG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4205000 | PA      | $4255752.67   | 0.13%             | 2029-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HSG MTG FIN PROG                                              | CONNECTICUT S .45% 11/15/2025                                                                  | CUSIP: 20775HEB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $696402.28    | 0.02%             | 2025-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2026 @                                                                   | CUSIP: 650116FA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5870000 | PA      | $6016072.60   | 0.18%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANSING MICH BRD WTR and LT UTIL SYS REV                                                  | LANSING MI WTR 2% MT                                                                           | CUSIP: 516391DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $986946.90    | 0.03%             | 2051-07-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL NORTHWSTRN U(ILLFTE)24 TECP                                                                 | CUSIP: 45203UAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4900489.02   | 0.15%             | 2025-09-16      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CENTRAL PLAINS ENERGY PROJ NE GAS PROJ REV                                                | CTR PLN ENG GAS 5% MT                                                                          | CUSIP: 154871CW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1497812.73   | 0.05%             | 2054-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN SER B 5% 12/1/2025@                                                               | CUSIP: 646080TS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2234021.93   | 0.07%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2027 @                                                                   | CUSIP: 650116FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1915000 | PA      | $2001160.45   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2029 @                                                                  | CUSIP: 7352404N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2860000 | PA      | $3084412.19   | 0.09%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG FIN AUTH                                                                     | CO HFA 4.25% 11/1/2049                                                                         | CUSIP: 1964794J5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60790.42     | 0.00%             | 2049-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH WTR FAC REV                                                             | IL FIN WTR 3.875% MT                                                                           | CUSIP: 45203EAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1471339.65   | 0.04%             | 2040-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA PUB PWR AUTH PROJ                                                             | SCPPA PROJ 3.7% 7/1/2040 MT                                                                    | CUSIP: 842475R80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3016063.80   | 0.09%             | 2040-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLUMBUS-FRANKLIN CNTY OHIO FIN AUTH MULTIFAMILY HSG REV                                  | COLUMBUS HSG RE 5% 7/1/2045 MT                                                                 | CUSIP: 19910XAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    765000 | PA      | $781626.36    | 0.02%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA AVIAT REV                                                             | MIAMI-DADE AVI 5% 10/1/2028 @                                                                  | CUSIP: 59333P7E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4368634.05   | 0.13%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 4% 12/1/2026 @                                                                      | CUSIP: 762315QH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $144902.21    | 0.00%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR (GEORGIA PWR CO PLT SCHERER) 3.88% 10/1/48                                       | CUSIP: 610530FY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3675000 | PA      | $3689623.56   | 0.11%             | 2048-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HUMBOLDT CNTY NEV PCR                                                                     | HUMBLT NV PCR 3.55% 10/1/2029                                                                  | CUSIP: 445199AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $343306.36    | 0.01%             | 2029-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 3% 11/1/2025 AMT                                                                  | CUSIP: 130536QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3499905.85   | 0.11%             | 2025-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                                   | NM MFA 4% 1/1/2049                                                                             | CUSIP: 6472007V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100852.36    | 0.00%             | 2049-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 4% 12/1/2025                                                                    | CUSIP: 09182TAK3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4009203.20   | 0.12%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.35% 11/1/2048                                                                   | CUSIP: 121342QP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6047851.80   | 0.18%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | FL ORLANDO HLTH BC22-026 BC/BC DR42                                                            | CUSIP: 76252PUV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.02%             | 2044-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2026 @                                                                      | CUSIP: 73358XJU7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4766552.75   | 0.14%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2025                                                                       | CUSIP: 472682YU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $741317.27    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CNTRL BRADFORD NY GUTHRIE CLINIC BAML 2024-5049 BA/BA D1                                       | CUSIP: 88035HRE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.30%             | 2054-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FIN AUTH RE                                                                      | MICHIGAN FIN AU .75% 10/15/2025                                                                | CUSIP: 59447TU27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249416.83    | 0.01%             | 2025-10-15      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BRAZOS TX HSG FIN CORP 2023-XF3129-AMR MZ/MZ D7                                                | CUSIP: 88035GQP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.04%             | 2041-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21A MT@                                                        | CUSIP: 13048RAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4599716.18   | 0.14%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CITY IDA REV                                                                  | NYC IDA 5% 1/1/2026                                                                            | CUSIP: 64971PKU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1375197.78   | 0.04%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                                   | OKLAHOMA ST IND 5% 4/1/2029                                                                    | CUSIP: 67910FAE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3249549.60   | 0.10%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA MUN BD BK ALASKA MUN BD BK AUTH                                                    | ALASKA MUN BD B 5% 12/1/2026 @                                                                 | CUSIP: 01179R3Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $522576.19    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTIL SYS REV                                                                   | HOUSTON TX UTIL 5% 11/15/2025                                                                  | CUSIP: 44244CS24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4020972.40   | 0.12%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA MUN PWR AGY 1                                                              | NC MUNI PWR 1 5% 1/1/2030 PRE                                                                  | CUSIP: 6582036A7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2067307.13   | 0.06%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPLE TEX UTIL SYS REV                                                                   | TEMPL TX 880162 5% 8/1/2028                                                                    | CUSIP: 880162LN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536982.30    | 0.02%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                                   | NM MFA 4% 1/1/2050                                                                             | CUSIP: 647201FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201889.78    | 0.01%             | 2050-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                                     | CUSIP: 544445SG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1351484.42   | 0.04%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MD MF HSG WOODINGTON GARDENS 2024-XF3222-AMR MZ/MZ D7                                          | CUSIP: 88035HK96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.08%             | 2054-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2028                                                                        | CUSIP: 8371513M9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    550000 | PA      | $593509.90    | 0.02%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CA MF HSG FIN AGY 2023-XF3127-AMR MZ/MZ D7                                                     | CUSIP: 88035F4X5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.05%             | 2030-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA SOLID WASTE REPUBLIC SEVICES 21B MT@                                                        | CUSIP: 13048RAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4700522.64   | 0.14%             | 2051-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTHERN TOB SECURITIZATION AK                                                            | NORTHN TOBAC AK 5% 6/1/2026                                                                    | CUSIP: 66585VBG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013466.50   | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2026 @                                                                  | CUSIP: 735240V67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1171756.97   | 0.04%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2026                                                                    | CUSIP: 56035DGX4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    275000 | PA      | $280225.17    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAINT LOUIS MO IDA HAWKINS VILLAGE APTS 2023-MIZ9153 MZ/MZ D35                                 | CUSIP: 60700HTX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.05%             | 2063-10-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026 @                                                                    | CUSIP: 1675937E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2615000 | PA      | $2635414.26   | 0.08%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                                     | CHARLOTTE NC AP 5% 7/1/2026 @                                                                  | CUSIP: 161036VR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $463608.19    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 4% MT@                                                                         | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4039767.20   | 0.12%             | 2049-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS_HFA 0.65% 11/1/2056 MT                                                                     | CUSIP: 64987JKJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99512.10     | 0.00%             | 2056-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT 5% 11/1/2026                                 | CUSIP: 84136HAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $403621.59    | 0.01%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANSING MICH SCH DIST                                                                     | LANSING MICH SC 5% 5/1/2029                                                                    | CUSIP: 516444UJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217752.78    | 0.01%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 12/1/2025                                                                 | CUSIP: 09182TBY2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1130506.76   | 0.03%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS SLD WASTE                                                             | PFA WI SD WSTE 1.9% MT@                                                                        | CUSIP: 74445MAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000056.00   | 0.21%             | 2025-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ALAMO TEX AREA HSG FIN CORP MULTIFAMILY HSG REV                                           | ALAMO TEX AREA 3.39% MT                                                                        | CUSIP: 011414AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6101004.00   | 0.18%             | 2044-07-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLARK COUNTY NV MCCARRAN AIR                                                              | CLARK CO NV PFC 5% 7/1/2027                                                                    | CUSIP: 181006HL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $287980.61    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNF)17F Q=SELF TECP                                                                 | CUSIP: 91446GEQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500199.50   | 0.08%             | 2025-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 5% MT                                                                            | CUSIP: 160853VF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3016466.10   | 0.09%             | 2050-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2026                                                                         | CUSIP: 2510936G0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1144981.54   | 0.03%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2029                                                                              | CUSIP: 452153JL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079325.20   | 0.03%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                                                                            | HARRIS C TX GO SER D Q=JP TECP                                                                 | CUSIP: 41423BVF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000130.00   | 0.03%             | 2025-12-05      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY CTY MUN WTR FIN AU                                                            | NYC WTR VAR 6/15/2033                                                                          | CUSIP: 64972GZW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2033-06-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DIRECTOR ST NV DPT BUS and IND SOLID WASTE DISP REV                                       | NV SLD WST 3.95% @ MT                                                                          | CUSIP: 25459JAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400655.92   | 0.07%             | 2026-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                                | LOUIS/JEFF HLTH 5% MT                                                                          | CUSIP: 54659LCD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2015000 | PA      | $2058027.10   | 0.06%             | 2047-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 5% 9/1/2027                                                                    | CUSIP: 44237NHM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1217167.44   | 0.04%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 1/1/2027                                                                     | CUSIP: 45204FG25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1311169.58   | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 10/1/2029@                                                                     | CUSIP: 7353893L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082859.30   | 0.03%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 4/1/2026                                                                    | CUSIP: 97712DS64<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    195000 | PA      | $197597.17    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ARPT SYS REV                                                               | SAN ANT TX ARPT 5% 7/1/2026 @                                                                  | CUSIP: 796242TK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509667.05    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUT REV                                                            | LANCASTER H AUT 5% 11/1/2026                                                                   | CUSIP: 514045Y23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1044635.45   | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY MFR                                                             | HONOLULU HI MFR 5% 12/1/2026 MT                                                                | CUSIP: 438697BQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2112817.62   | 0.06%             | 2027-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                          | CUSIP: 19648FGN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   8060000 | PA      | $8102222.31   | 0.24%             | 2048-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MET WATER RECL DIST                                                            | CHICAGO MET WAT 5% 12/1/2027                                                                   | CUSIP: 167560SW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3124453.89   | 0.09%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 5% 11/1/2026 @                                                                  | CUSIP: 646108Z29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023143.60   | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2029                                                                   | CUSIP: 64579XEE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $168512.53    | 0.01%             | 2029-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT ENE AL 2022-XM1080-ALL G=MO/JPMC BANK D1                                            | CUSIP: 88035ESG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2460000.00   | 0.07%             | 2053-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                            | DFW ARPT 5% 11/1/2025                                                                          | CUSIP: 2350365A4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004022.10   | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 7/15/2029                                                                   | CUSIP: 45527CDJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $519816.44    | 0.02%             | 2029-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 7/1/2026                                                                              | CUSIP: 452153GB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5096302.00   | 0.15%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2026                                                                    | CUSIP: 93978HSE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $117367.94    | 0.00%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VERMONT ST STUD ASSIT CORP                                                                | VT STUD LN 5% 6/15/2027 @                                                                      | CUSIP: 92428CMD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $683071.64    | 0.02%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2028 @                                                                    | CUSIP: 646080YE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2095527.00   | 0.06%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANS 2022-XF1355-NUV Q=JPMC BK D7                                                      | CUSIP: 88035DDN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.07%             | 2043-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2027                                                                   | CUSIP: 187145SE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1331072.97   | 0.04%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2027 @                                                                   | CUSIP: 650116DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1071117.21   | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.375% MT                                                                      | CUSIP: 95648VBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018118.00   | 0.06%             | 2040-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2025 @                                                                 | CUSIP: 592647MH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502644.80   | 0.05%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | TX ST MF HSG ROERS BOERNE 2023-MIZ9124 MZ/MZ D35                                               | CUSIP: 60700HQD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11100000 | PA      | $11100000.00  | 0.33%             | 2062-10-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | UT SF HSG REV 2024-XG0563-NUV Q=BC D7                                                          | CUSIP: 88035HXR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4070000 | PA      | $4070000.00   | 0.12%             | 2054-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL and HSG FAC BRD HEALTH CARE REV                               | SHELBY CNT TEN 5% 9/1/2044 MT                                                                  | CUSIP: 821691AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $215610.28    | 0.01%             | 2044-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                             | BLACK BELT ALAB 4% MT                                                                          | CUSIP: 09182NCB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2022555.20   | 0.06%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA THIRD LIEN ARPT GENREV IAM COML PAPER NTS 3/A2 SER H-1                         | ATLANTA GA THIR TECP 2.82%                                                                     | CUSIP: 04780QAJ9<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500058.25   | 0.08%             | 2025-09-17      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 4.50% 3/1/2050                                                                  | CUSIP: 67756QZW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25361.87     | 0.00%             | 2050-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2026                                                                    | CUSIP: 56035DET5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    930000 | PA      | $938594.04    | 0.03%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | EL PASO TX HSG FIN 2022-MIZ9104 MZ/MZ D35                                                      | CUSIP: 60700HNE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.06%             | 2062-08-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/25@                                                                    | CUSIP: 592647HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $530921.46    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 AMT                                                                  | CUSIP: 646080RZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2514106.00   | 0.08%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 4.3% MT                                                                        | CUSIP: 64972E7D5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $384139.05    | 0.01%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 0% 7/1/2048                                                                     | CUSIP: 20775DUX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2650537.69   | 0.08%             | 2048-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2028                                                                    | CUSIP: 97712JKE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $542336.15    | 0.02%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2027                                                                        | CUSIP: 2837347B1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $630251.34    | 0.02%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                                             | CUSIP: 56682HDU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6040000 | PA      | $6114758.89   | 0.18%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2030 @                                                                 | CUSIP: 392274Q33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024157.70   | 0.03%             | 2030-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.80% 10/1/2026 @                                                              | CUSIP: 64988YZL4<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    680000 | PA      | $684286.52    | 0.02%             | 2026-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CLAYTON TOWN WI                                                                           | CLAYTON TOWN WI 2% 6/1/2026                                                                    | CUSIP: 184423BY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1980172.00   | 0.06%             | 2026-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2028 @                                                                  | CUSIP: 717817XJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3170000 | PA      | $3353194.30   | 0.10%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 6/1/2032                                                                    | CUSIP: 84136HAY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $881864.45    | 0.03%             | 2032-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                         | NYC HDC MFH 25E MT                                                                             | CUSIP: 64972KKK0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500310.80   | 0.05%             | 2055-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 0% 3/1/2029 MT                                                                  | CUSIP: 593344CA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037702.20   | 0.06%             | 2029-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/2028                                                                    | CUSIP: 75076PBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4545000 | PA      | $4631956.76   | 0.14%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                                 | NEWARK CITY ESSEX CNTY NJ 9/25/25 BAN                                                          | CUSIP: 650367TA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8900000 | PA      | $8906714.16   | 0.27%             | 2025-09-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2026 @                                                                  | CUSIP: 45528VAX7<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    385000 | PA      | $387967.04    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 5% 2/1/2027 MT                                                                 | CUSIP: 45203LEL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $509392.94    | 0.02%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST DOWNTOWN REDEV AUTH TEX TAX INCREMENT CONTRACT REV                                   | EAST DOWNTOWN 5% 9/1/2026                                                                      | CUSIP: 272066AE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303957.36    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VIRGINIA PORT AUTH PORT FAC RE                                                            | VA ST PORT FAC 5% 7/1/2033 @                                                                   | CUSIP: 928077JH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $727287.63    | 0.02%             | 2033-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5.25% 11/15/2026                                                                | CUSIP: 249182SU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $798211.95    | 0.02%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 3.95% MT@                                                                           | CUSIP: 708692CB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6400000 | PA      | $6400000.00   | 0.19%             | 2049-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MOORHEAD MN EDL FACS REV                                                                  | MORRHEAD MN ED 5% 12/1/25                                                                      | CUSIP: 61615DBG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20000.00     | 0.00%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUS FIN CORP MS RV                                                            | MS PWR - SOUTHERN CO 99 V1@                                                                    | CUSIP: 605279MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.02%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPTBD BK                                                        | INDIANAPOLIS BK 5% 1/1/2027 @                                                                  | CUSIP: 45528VAY5<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    760000 | PA      | $780726.04    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY FL SCHOOL DIST                                                                | MONROE FL SCHDS 4% 6/30/2026                                                                   | CUSIP: 610518AU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6055000 | PA      | $6124747.55   | 0.18%             | 2026-06-30      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BELLMORE NY UN FREE SCH DIST                                                              | BELLMORE NY UFS 2% 6/15/2029                                                                   | CUSIP: 079731FV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $502762.51    | 0.02%             | 2029-06-15      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDPT SCH DIST                                                                 | HOUSTON TX ISD 5% 2/15/2027                                                                    | CUSIP: 442403MA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3015000 | PA      | $3129010.11   | 0.09%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                                     | BALT MD WTR 5% 7/1/2028                                                                        | CUSIP: 05922KYJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2065638.40   | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX                                                                                 | DALLAS TX 5% 2/15/2026                                                                         | CUSIP: 235219US9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3286346.05   | 0.10%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 3.3% MT                                                                        | CUSIP: 64461XJX4<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   8030000 | PA      | $8089841.97   | 0.24%             | 2040-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MN HFA 3.70% 8/1/2026                                                                          | CUSIP: 60416UTZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003860.40   | 0.06%             | 2026-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| FREDERICK CNTY MD SPL OBLIG                                                               | FREDERICK MD OB 5% 7/1/2027                                                                    | CUSIP: 35571LBP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1018654.43   | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 2.95% 5/1/2028                                                                  | CUSIP: 6461087N4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1070108.50   | 0.03%             | 2028-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG SINGLE FAMILY MTG                                                      | MONTANA ST 4% 6/1/2050                                                                         | CUSIP: 61212WGR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20295.27     | 0.00%             | 2050-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SUFFOLK CNTY NY                                                                           | SUFFOLK CNTY NY 5% 10/1/2026 Q                                                                 | CUSIP: 86476PM62<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180221.18    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL TX REGL MOBILITY AUTH REV                                                         | CTR TX RMA 5% 1/1/2027                                                                         | CUSIP: 155498LY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4190000 | PA      | $4221053.35   | 0.13%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WIS POLLUTIONCTL REV                                                      | PUBLIC FINAN WI 3.3% MT                                                                        | CUSIP: 74447HAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3311271.48   | 0.10%             | 2046-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2026                                                                    | CUSIP: 56035DGF3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    680000 | PA      | $686283.81    | 0.02%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2033 @                                                                 | CUSIP: 392274Q66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011021.90   | 0.03%             | 2033-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.8% 10/1/2032 MT                                                                 | CUSIP: 121342QJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2890004.91   | 0.09%             | 2032-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2026 @                                                                    | CUSIP: 57563RSC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2428192.44   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.3% MT @                                                                      | CUSIP: 95648VBY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3980000 | PA      | $3976024.38   | 0.12%             | 2041-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 3.2% 7/1/2037 MT                                                                | CUSIP: 20775DVU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2575000 | PA      | $2585718.44   | 0.08%             | 2037-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC GO 22D-3 Q=SS V1                                                                           | CUSIP: 64966QZZ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2052-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REV                                                                    | SAN ANTONIO WTR 1% MT                                                                          | CUSIP: 79642GNB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4137784.70   | 0.12%             | 2043-05-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ROUND ROCK TX INDPT SCH DIST                                                              | ROUNDRCK TX ISD 5% 8/1/2044                                                                    | CUSIP: 779240RD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3286410.90   | 0.10%             | 2044-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDPT SCH DIST                                                               | FT BEND TX ISD 4% 8/1/2054                                                                     | CUSIP: 346843VT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10226679.00  | 0.31%             | 2054-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                             | WISCONSIN HSG and ECONOMIC DEV AUTH HSG REV VAR-AMT-SER F                                      | CUSIP: 976904SB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4900000.00   | 0.15%             | 2042-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 5% 4/1/2029                                                                             | CUSIP: 76221RU27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $322325.43    | 0.01%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TN                                          | MET NASH TN 4% 7/1/2028                                                                        | CUSIP: 592112SL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1473769.87   | 0.04%             | 2028-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SCH BRD CTFS                                                             | SEMINOLE FL SCH 5% 7/1/26                                                                      | CUSIP: 816692MS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25524.01     | 0.00%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRPORT                                                                            | AK AIRPORT 5% 10/1/2028 @                                                                      | CUSIP: 011842UR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066130.50   | 0.03%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RENO TAHOE ARPT AUTH NV ARPT REV                                                          | RENO TAHOE ARPT 5% 7/1/2028 @                                                                  | CUSIP: 759874BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $236374.00    | 0.01%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SHARON WIS UTIL SYS REV                                                                   | SHARO WI 5% 12/1/2026                                                                          | CUSIP: 819857AR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2176311.27   | 0.07%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                                 | SD HDA 4% 11/1/2047                                                                            | CUSIP: 83756CTC9<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    210000 | PA      | $210673.93    | 0.01%             | 2047-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MCKINNEY TEX                                                                              | MC KINNEY TE 5% 8/15/2027                                                                      | CUSIP: 58178CGZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $189075.40    | 0.01%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025 @                                                                 | CUSIP: 249182UL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3288803.47   | 0.10%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH HSG RE                                                            | KING CNTY WA MF 5% 7/1/2030                                                                    | CUSIP: 494759SP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $376272.89    | 0.01%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTIL SYS REV                                                                   | HOUSTON TX UTIL 5% 11/15/2027                                                                  | CUSIP: 44244CJ32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1056263.80   | 0.03%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2027                                                                     | CUSIP: 96023PNJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521733.25    | 0.02%             | 2027-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OMAHA NE ARPT AUTH ARPT REV                                                               | OMAHA NE ARPT 5% 12/15/2027 @                                                                  | CUSIP: 681725MR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047360.80   | 0.03%             | 2027-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2027@                                                                   | CUSIP: 717817YG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1188173.26   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2027                                                                      | CUSIP: 750046SV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155926.94    | 0.00%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                                                 | CUSIP: 592647NJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $574712.88    | 0.02%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER OH                                                                              | LANCASTER OH 4.125% 6/10/2026                                                                  | CUSIP: 514246JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513370.55   | 0.05%             | 2026-06-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV                                   | WISE VA IDA SW 3.8% MT                                                                         | CUSIP: 977228AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2033694.40   | 0.06%             | 2040-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDPT SCH DIST                                                                 | LEANDER TX ISD 0% 8/15/2028                                                                    | CUSIP: 521841T48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $875884.33    | 0.03%             | 2028-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CO ST COMMONSPIRIT HLTH 2022-XM1059-ALL Q=JPMC BK D7                                           | CUSIP: 88035DT54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.04%             | 2042-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 3/1/2026                                                                     | CUSIP: 64577XEN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5300000 | PA      | $5363190.84   | 0.16%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DV AU POLLN CTL                                                            | BARTOW GA PCR 2.9% MT                                                                          | CUSIP: 069643BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1199688.00   | 0.04%             | 2043-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CO FL IDA SLD WASTE DISP REV                                                   | MIAMI-DADE SLW 4.50% 11/1/2048 MT @                                                            | CUSIP: 59333GAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3793878.20   | 0.11%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOWELL ARK INDL DEV REV                                                                   | LOWELL AR IDR 1996 V7 @                                                                        | CUSIP: 547516AA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5800000 | PA      | $5800000.00   | 0.17%             | 2031-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2027                                                                    | CUSIP: 45471CCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $237523.60    | 0.01%             | 2027-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY HOUSTON TEX SPORTS AUTH REV                                                   | HARRIS CNTY REV 5% 11/15/2025                                                                  | CUSIP: 413890HE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4017598.80   | 0.12%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAP TR SALE TAX                                                            | DALLAS TX DART TECP                                                                            | CUSIP: 23452P7B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2951403.02   | 0.09%             | 2025-10-09      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH                                                                   | NM MFA 5.75% 3/1/2054                                                                          | CUSIP: 647201YR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $296651.41    | 0.01%             | 2054-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| FEDERATED FIXED INC SECS INC                                                              | Federated Hermes Municipal Ultrashort IS                                                       | CUSIP: 31417P858<br>LEI: UIG5TTFLY6PZ0FC9OB90 | Long             | EC               | RF                | US        |   6558532 | NS      | $65847662.80  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 11/1/2029                                                                   | CUSIP: 84136HAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070141.90   | 0.03%             | 2029-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEALTH and EDL FACS                                                           | MO HEFA REV 5% 2/1/2027                                                                        | CUSIP: 60635H4E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    970000 | PA      | $991597.44    | 0.03%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                                                 | CUSIP: 592647EZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $332498.56    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 7/15/2026                                                                             | CUSIP: 70914PP97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1688473.55   | 0.05%             | 2026-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 7/1/2026                                                                     | CUSIP: 09182TDN4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1776563.95   | 0.05%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2026                                                                             | CUSIP: 452152Q61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1802370.61   | 0.05%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH MULTIFAMILY HSG REV                                                | KS ST DEV FIN A 2.95% 9/1/2059 MT                                                              | CUSIP: 48542TBN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2610000 | PA      | $2611058.09   | 0.08%             | 2059-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PUB IMPT BD BK                                                       | INDIANAPOL 5% 1/1/2026@                                                                        | CUSIP: 45528UD65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007706.60   | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                                                   | CUSIP: 56035DFN7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    620000 | PA      | $634512.40    | 0.02%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOBILE AL IDB POLLUTN CTL REV                                                             | MOBILE AL IDB 3.78% MT                                                                         | CUSIP: 607167DW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $742961.48    | 0.02%             | 2034-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 1/1/2027 @                                                                    | CUSIP: 650116CF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5085514.50   | 0.15%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2029 @                                                                 | CUSIP: 392274Q25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512078.85    | 0.02%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| READING PA SCH DIST                                                                       | READING PA SD 5% 3/1/2028                                                                      | CUSIP: 755638YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5178.53      | 0.00%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | BALTIMORE MD OAK CREST VLG BC22-032 BC/BC D42                                                  | CUSIP: 76252PVZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2050-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BLACK BELT AL ENERGY 2022-XF3073-NUV Q=MO D7                                                   | CUSIP: 88035EPR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6800000.00   | 0.20%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 2% MT                                                                      | CUSIP: 79625GEY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1555000 | PA      | $1500854.12   | 0.05%             | 2049-02-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | VA NATL SENIOR CAMPUS BC22-028 BC/BC DR42                                                      | CUSIP: 76252PVB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3600000.00   | 0.11%             | 2045-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JACKSON ST UNIV EDL BLDG CORP MS REV                                                      | JACKSON ST UNIV .80% 3/1/2028                                                                  | CUSIP: 468714FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3306812.09   | 0.10%             | 2028-03-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20A1 V1@                                                                              | CUSIP: 583022AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6820000 | PA      | $6820000.00   | 0.20%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2028 @                                                                     | CUSIP: 73358XRB0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3534479.64   | 0.11%             | 2028-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS CNTY FL HLTH FACS AU                                                            | HIGHLANDS FL 2012I 5 V7                                                                        | CUSIP: 431022TR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.03%             | 2035-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NEW YORK NY ARS-FISCAL 2008-SUBSER-A-2 AGM                                                     | CUSIP: 64966GMR0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    675000 | PA      | $675000.00    | 0.02%             | 2026-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 2/1/2027                                                                    | CUSIP: 74440DEQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $374150.51    | 0.01%             | 2027-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 3.55% MT                                                                        | CUSIP: 593344BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1692919.64   | 0.05%             | 2027-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH AFFORDABLE HSG REV                                                | KING CNTY WH 5% 1/1/2028                                                                       | CUSIP: 49477AAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66796.05     | 0.00%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING COUNTY WA                                                                            | KING CNTY WA (KINGCA) A TECP                                                                   | CUSIP: 49476VJC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6250352.50   | 0.19%             | 2025-09-09      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2029                                                                    | CUSIP: 762197S85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $379402.31    | 0.01%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH AFFORDABLE HSG REV                                                | KING CNTY WH 5% 1/1/2028                                                                       | CUSIP: 49477AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120829.18    | 0.00%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRETNA NEB CTFS PARTN                                                                     | GRETNA NEB CTFS 5% 12/15/2025                                                                  | CUSIP: 397806AG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4005619.60   | 0.12%             | 2025-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV                                                   | CTA TRNST GARVE 5% 6/1/2026                                                                    | CUSIP: 167723GP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030619.40   | 0.06%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                                                 | SAN JOAQUIN VAL 5% 7/1/2029                                                                    | CUSIP: 79811YAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1189715.96   | 0.04%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST                                                                             | NJ ST 4% 6/1/2031                                                                              | CUSIP: 646039YQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $2020700.85   | 0.06%             | 2031-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2026                                                                   | CUSIP: 56035DCW0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2224796.86   | 0.07%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2026                                                                       | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $456213.51    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEGHENY CNTY PA ARPT ATH REV                                                            | ALLEG PA ARPT 5% 1/1/2027 @                                                                    | CUSIP: 01728LGL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $697915.48    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2026                                                                             | CUSIP: 64966MPD5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    565000 | PA      | $578541.30    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPLE TEX UTIL SYS REV                                                                   | TEMPL TX 880162 5% 8/1/2030                                                                    | CUSIP: 880162LQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $448804.48    | 0.01%             | 2030-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORTLAND OR ARPT REV                                                                 | PORTLND OR ARPT 5% 7/1/2028 @                                                                  | CUSIP: 7352404M2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    720000 | PA      | $763423.13    | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                                              | CUSIP: 452153JH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523133.30   | 0.05%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                                     | CHARLOTTE NC AP 5% 7/1/2028 @                                                                  | CUSIP: 161036VT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $424460.60    | 0.01%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                         | NY NY CITY HS 3.8% 11/1/2063 MT                                                                | CUSIP: 64972KBF1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    115000 | PA      | $116754.20    | 0.00%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY WYO ENVIRONMENTAL IMPT REV                                                   | WY PACIFICORP-BRK LIN 95 V7@                                                                   | CUSIP: 533477AC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7200000.00   | 0.22%             | 2025-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 1/15/2030                                                                   | CUSIP: 45527CDK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $192729.88    | 0.01%             | 2030-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OK CNTY OKLA FIN AUTH EDL FACS LEASE REV                                                  | OKLAHOMA COUNTY 5% 9/1/2029                                                                    | CUSIP: 67868UKD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1703098.55   | 0.05%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HERTFORD CNTY NC INDL FACS and POLLUTN CTL FING AUTH INDL DEV REV                         | NC NUCOR 00 V7@                                                                                | CUSIP: 428007AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9100000 | PA      | $9100000.00   | 0.27%             | 2033-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CT 4% 9/15/2026                                                                        | CUSIP: 953140U40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $258202.26    | 0.01%             | 2026-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REV                                                                   | IN FIN REV 5% 9/1/26                                                                           | CUSIP: 45506DZZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $209855.32    | 0.01%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HEALTH FACS FNG AUTH REV                                                       | CALIFORNIA HLTH 2% 10/1/2036                                                                   | CUSIP: 13032UGP7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1249438.13   | 0.04%             | 2036-10-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| JEWETT ECONOMIC DEV CORP TEX I                                                            | TX NUCOR 03 V7@                                                                                | CUSIP: 477349AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1025000.00   | 0.03%             | 2038-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CO NY                                                                          | WASHINGTON CNTY NY 3/20/26 BAN                                                                 | CUSIP: 938123HY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2315724.64   | 0.07%             | 2026-03-20      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GEISINGER AUTH PA HLTH SYS REV                                                            | GEISINGER PA 5% 4/1/2043 MT                                                                    | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5074135.83   | 0.15%             | 2043-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 7/1/2028                                                                        | CUSIP: 207758T52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $649548.87    | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL FIN 5% 11/15/2026                                                                           | CUSIP: 45203H4U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95370.74     | 0.00%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                                     | CUSIP: 5444453E7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3310000 | PA      | $3369676.65   | 0.10%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW MT@                                                                                 | CUSIP: 708692BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6900000 | PA      | $6899498.37   | 0.21%             | 2044-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | OMAHA NE ARPT 2024-XG0593-MST E-AGC/Q=BA D7@                                                   | CUSIP: 88035JY22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3030000 | PA      | $3030000.00   | 0.09%             | 2049-12-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2025 @                                                                 | CUSIP: 249182QA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1491838.87   | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2026@                                                                     | CUSIP: 167593Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $907025.94    | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG and FIN AUTH MULTIFAMILY HSG REV                                             | CO HSG and FIN 0% 7/1/2044                                                                     | CUSIP: 19647PDX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1158817.97   | 0.03%             | 2044-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST ED ASSISTANCE AUTH REV                                                  | NC ED ASSIST 5% 6/1/2026                                                                       | CUSIP: 658262GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1014310.90   | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2027                                                                            | CUSIP: 62620HKB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $433682.84    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 0% 10/1/2052                                                                    | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  11350000 | PA      | $11466953.81  | 0.34%             | 2052-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NEW YORK NY VAR-SUBSER C-4 FSA                                                                 | CUSIP: 64966GBC5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    225000 | PA      | $225000.00    | 0.01%             | 2032-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/25@                                                                         | CUSIP: 73358WR55<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1686379.17   | 0.05%             | 2025-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DEWEY CNTY OKLA EDL FACS AUTHEDL FACS LEASE REV                                           | DEWEY CNTY OKLA 5% 9/1/2026                                                                    | CUSIP: 252020AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1258221.12   | 0.04%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA HSG DEV AUTH                                                                 | SD HDA 6.25% 5/1/2055                                                                          | CUSIP: 83756C6Z3<br>LEI: 549300G853EK61667C18 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109113.51    | 0.00%             | 2055-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDL FAC ATH RV                                                            | VOLUSIA CNTY FL 5% 10/15/2027                                                                  | CUSIP: 928836MX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $173266.68    | 0.01%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/2026@                                                                  | CUSIP: 944514TC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $465738.09    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| THF PUB FAC CORP TEX MULTIFAMILY HSG REV                                                  | THF PUB FAC COR 0% 2/1/2044                                                                    | CUSIP: 883720AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2524639.25   | 0.08%             | 2044-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY TX PERM UNIV FD                                                                | UTX PUF (UTEXAA) A TECP                                                                        | CUSIP: 91514CPN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000507.80   | 0.06%             | 2025-10-08      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 7/1/2029                                                                     | CUSIP: 45204FG74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2177706.20   | 0.07%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA ST MFH KENSINGTON APTS 2022-MIZ9113 MZ/MZ D35                                               | CUSIP: 60700HPB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2052-11-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REV                                                                 | MI BLDG 2.33% 4/15/2058                                                                        | CUSIP: 594615KQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.30%             | 2058-04-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AUTH FOR INDL DEV REVS                                                    | PA THO JFFRSN U 17B RFLOAT7                                                                    | CUSIP: 71781XCR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7895000 | PA      | $7895000.00   | 0.24%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA CAP FAC FIN AGY REV                                                        | NC CAP FACS FA 5% 10/1/2055                                                                    | CUSIP: 65819GKX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9750000 | PA      | $9769201.65   | 0.29%             | 2055-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | GTR ORLANDO ARPT 2025-ZF1930-BLK Q=JP D7@                                                      | CUSIP: 88035PMC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1300000.00   | 0.04%             | 2051-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | TRIBOROUGH BRID 2% MT                                                                          | CUSIP: 89602HAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $432388.49    | 0.01%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% 11/1/2026                                                                   | CUSIP: 19648FWA8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    400000 | PA      | $410081.80    | 0.01%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IOWA STUDENT LN LIQUIDITY CORP                                                            | IOWASTUD LIQUID 5% 12/1/2025 @                                                                 | CUSIP: 462590MM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $990100.23    | 0.03%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2029                                                                      | CUSIP: 750046SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271132.28    | 0.01%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2026                                                                            | CUSIP: 62620HFV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306174.27    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2025                                                                   | CUSIP: 56035DFM9<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1557108.46   | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL AVIATION                                                             | HILLSB FL AVIAT 5% 10/1/2025 @                                                                 | CUSIP: 432308M50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1247154.22   | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MO SPL OBLIG                                                                 | JACKSON CO MO 5% 12/1/2028                                                                     | CUSIP: 467578LE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076057.80   | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3.55% MT                                                                        | CUSIP: 66702RR79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7325000 | PA      | $7442087.93   | 0.22%             | 2050-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NY MTA DEDICATED TAX FUND                                                                 | NY MTA DED 3% 11/15/2030                                                                       | CUSIP: 59259N6F5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425200.35    | 0.01%             | 2030-11-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WICHITA KS                                                                                | WICHITA CITY KS SER 318 10/15/25 BAN                                                           | CUSIP: 967245J36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5008208.50   | 0.15%             | 2025-10-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HIGHER ED FACS AUTH REV FOR ISSUES DTD PRIOR TO 12/29/2017 SEE 60416H        | MINNESOTA ST HI 5% MT                                                                          | CUSIP: 60416JJB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031989.80   | 0.03%             | 2053-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDUCATIONAL FACILITIES AUTHORITY                                               | NJ PRINCETON U(PRINCU) 97 TECP                                                                 | CUSIP: 64606R4W1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6500128.70   | 0.20%             | 2025-09-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| KEARNEY MO                                                                                | KEARNEY MO 2% 3/1/2034                                                                         | CUSIP: 486849EU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $604628.95    | 0.02%             | 2034-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 3.65% MT                                                                   | CUSIP: 79625GHJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4003012.80   | 0.12%             | 2053-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | WESTERN MI UNIV 2025-YX1397-MLN E-AGC/Q=BC D7                                                  | CUSIP: 88035PBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4440000.00   | 0.13%             | 2054-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST STRATEGIC FD LTD OBLIG REV                                                    | MI STRAT FND 3.35% MT@                                                                         | CUSIP: 594698TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3465000 | PA      | $3421335.46   | 0.10%             | 2049-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNH)H Q=SELF TECP                                                                   | CUSIP: 91447RCK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4499980.20   | 0.14%             | 2025-10-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 5% 4/1/2028                                                                             | CUSIP: 76221RT86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265061.03    | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS FORT WORTH TX INTL ARPT                                                            | DFW ARPT 5% 11/1/2025                                                                          | CUSIP: 23503CCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5020110.50   | 0.15%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRAN-XF8023-NUV Q=JP D7                                                                 | CUSIP: 88035RHX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4400000.00   | 0.13%             | 2049-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL OHARE ARPT 2025-ZF1980-BLK Q=JP D7@ - for cash                                      | CUSIP: 88035PU55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2400000.00   | 0.07%             | 2059-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 7/1/2027                                                                     | CUSIP: 09182TDP9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1291881.38   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                              | NE TX ISD 3% 8/1/2027                                                                          | CUSIP: 659155HJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $920250.70    | 0.03%             | 2027-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2026                                                                           | CUSIP: 54811BUK5<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1271215.75   | 0.04%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY                                                               | ND ST HSG FIN 6.25% 1/1/2054                                                                   | CUSIP: 6589095M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $71023.45     | 0.00%             | 2054-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MONTCLAIR STATE UNIVERSITY NJ                                                             | MONTCLAIR STATE 5% 7/1/2028                                                                    | CUSIP: 612232AC2<br>LEI: 549300LQ4GTF89QODQ90 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1336548.00   | 0.04%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHAMPTON CO PA GEN PURP ATH                                                            | PA LEHIGH UNIV 16B Q=TD V7                                                                     | CUSIP: 663507DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17600000 | PA      | $17600000.00  | 0.53%             | 2039-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 0% 8/1/2052                                                                    | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2997540.90   | 0.09%             | 2052-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 1/1/2030                                                                              | CUSIP: 452152A76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3020568.00   | 0.09%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 0% 11/15/2049                                                                  | CUSIP: 19648FXC3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    905000 | PA      | $927487.26    | 0.03%             | 2049-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2028 @                                                                    | CUSIP: 646080XD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049019.00   | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2026@                                                                     | CUSIP: 57563RPD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015980.10   | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2027 @                                                                 | CUSIP: 249182UN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3035000 | PA      | $3180342.20   | 0.10%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE COOK DU PAGE CNTYS IL SD                                                             | KANE COOK DUPAG 5% 1/1/2027                                                                    | CUSIP: 483836VQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516659.45    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2025 @                                                                 | CUSIP: 592647LH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1753085.60   | 0.05%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2028                                                                   | CUSIP: 56035DFQ0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1950798.36   | 0.06%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2025                                                                        | CUSIP: 837151P37<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    360000 | PA      | $362039.54    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP                                         | RHODE ISLAND HE 5% 5/15/2029                                                                   | CUSIP: 76219MAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $866700.80    | 0.03%             | 2029-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX                                                                            | HARRIS TX GO SER A1 Q=SS TECP                                                                  | CUSIP: 41418YK95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250162.50   | 0.04%             | 2025-12-04      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HEALTH FAC REV                                                           | INDIANA FIN AUT 5% 3/1/2029                                                                    | CUSIP: 45471CCX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $405281.44    | 0.01%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 11/15/2028                                                                  | CUSIP: 97712D3B0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    285000 | PA      | $306924.05    | 0.01%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRIDGEPORT CT                                                                             | BRIDGEPORT CT 5% 7/1/2028                                                                      | CUSIP: 108152MS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1336010.00   | 0.04%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2026 @                                                                  | CUSIP: 717817TY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3360000 | PA      | $3421338.82   | 0.10%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY                                                                     | TN HDA SFM 3.50% 7/1/2045                                                                      | CUSIP: 88045RB76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75001.10     | 0.00%             | 2045-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2028                                                                   | CUSIP: 56035DJR4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $794429.63    | 0.02%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2027 @                                                                  | CUSIP: 603827J49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1619751.06   | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EAST HAMPTON NY UN FREE SH DIS                                                            | EAST HAMP NY SD 2.10% 6/1/2027                                                                 | CUSIP: 272718GS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $332744.47    | 0.01%             | 2027-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| ALLEN CNTY OH HOSP FACS REV                                                               | ALLEN CNTY HOSP 5% 10/1/49 MT                                                                  | CUSIP: 01757LGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6184524.60   | 0.19%             | 2049-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REV                                                                 | CLEVELAND ARPT 5% 1/1/2027 @                                                                   | CUSIP: 186352RN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3064831.03   | 0.09%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHARLOTTE NC ARPT REV                                                                     | CHARLOTTE NC AP 5% 7/1/2029 @                                                                  | CUSIP: 161036VU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1238934.79   | 0.04%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PEFA INC IOWA GAS PROJ REV                                                                | PEFA INC IOWA G 5% 9/1/2049                                                                    | CUSIP: 70556CAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7119931.00   | 0.21%             | 2049-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2031 @                                                                 | CUSIP: 392274Q41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $640098.56    | 0.02%             | 2031-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TENN CMNTY DEV CORPMULTIFAMILY REV                                              | KNOXV TN 499743 0% 12/1/2029                                                                   | CUSIP: 499743CX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3262000 | PA      | $3305515.73   | 0.10%             | 2029-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MIAMI-DADE CNTY FL AVIATION 2025-CF7044 E-AG/BH Q=CI D7@                                       | CUSIP: 88035RGV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $11900000.00  | 0.36%             | 2040-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2028 @                                                                    | CUSIP: 1675935L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5815000 | PA      | $6092872.68   | 0.18%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAHASKA CNTY IOWA                                                                         | MAHAS IA 559805 5% 12/1/2025                                                                   | CUSIP: 559805DQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1629972.50   | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                          | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    480000 | PA      | $508097.28    | 0.02%             | 2053-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2029                                                                              | CUSIP: 452153FT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1086546.60   | 0.03%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 7/1/2027                                                                     | CUSIP: 93978HPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250701.63   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% MT                                                                           | CUSIP: 45204FEH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3039133.50   | 0.09%             | 2050-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV                                            | NC TPK TRIANGLE 5% 1/1/2026                                                                    | CUSIP: 65830RBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2869384.85   | 0.09%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL HSG FIN AUTH MFH                                                              | LEE CO FL MFH 3.125% 10/1/2029 MT                                                              | CUSIP: 52349HBK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1760800.83   | 0.05%             | 2029-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA INFRASTRUCTURE and ECONNOMIC DEV BK REV                                        | CALIFORNIA INFR 1.2% MT                                                                        | CUSIP: 13034AN30<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    395000 | PA      | $366072.21    | 0.01%             | 2050-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NEW JERSEY ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER                                      | CUSIP: 646136XC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $352285.53    | 0.01%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG SINGLE FAMILY MTG                                                      | MONTANA ST 3.50% 6/1/2050                                                                      | CUSIP: 61212WHY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200649.20    | 0.01%             | 2050-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HOUSTON TEX FIN CORP MFHR                                                                 | HOUSTON TX MF 5% 8/1/2041                                                                      | CUSIP: 442396EL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $293310.52    | 0.01%             | 2041-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FLAGLER CNTY FL SCH BRD CTFS PARTN                                                        | FLAGLER CNTY FL 5% 8/1/2029                                                                    | CUSIP: 33840MDE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2171949.00   | 0.07%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY OH HOSP FACS REV                                                              | BUTLER OH HSP 5% 11/15/2025                                                                    | CUSIP: 123550HJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503148.35   | 0.05%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 8/1/45 MT@                                                                          | CUSIP: 708692BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000440.00   | 0.12%             | 2045-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PROVIDENCE R I PUB BLDGS AUTHREV                                                          | PROVI RI 5% 9/15/2027                                                                          | CUSIP: 74381MCU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046156.10   | 0.03%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 4% 9/1/2049                                                                    | CUSIP: 57419R7Y5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90398.18     | 0.00%             | 2049-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK INTEGRIS HLTH 20B V7                                                                        | CUSIP: 67884XCU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5735000 | PA      | $5735000.00   | 0.17%             | 2031-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEMPLE TEX UTIL SYS REV                                                                   | TEMPL TX 880162 5% 8/1/2029                                                                    | CUSIP: 880162LP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $656358.12    | 0.02%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2027                                                                   | CUSIP: 56035DJP8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043653.60   | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 4% 2/1/2050 MT                                                                 | CUSIP: 74440DCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8122591.20   | 0.24%             | 2050-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FORT BEND COUNTY TX                                                                       | FORT BEND TX 5% 3/1/2029                                                                       | CUSIP: 346766SL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3455000 | PA      | $3457917.75   | 0.10%             | 2029-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2026 @                                                                  | CUSIP: 603827J31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $473559.55    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS_HFA 3.375% MT                                                                              | CUSIP: 64987JQ38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7285000 | PA      | $7287763.20   | 0.22%             | 2063-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MERCER CNTY KY POLLUTION CTL REV IAM COML PAPER 3/A2 SER 2002 A                           | MERCE KY(MERCKY) 58781P VT                                                                     | CUSIP: 58781PHU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7400105.82   | 0.22%             | 2025-09-04      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SCAGO EDL FACS CORP FOR COLLETON SCH DIST SC INSTALLMENT PUR REV                          | SCAGO COLLETON 5% 12/1/2026                                                                    | CUSIP: 80585PBN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25039.14     | 0.00%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 4% 9/15/2026                                                                    | CUSIP: 97712JBZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $219839.31    | 0.01%             | 2026-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CTY FL HSG AUT HSG REV                                                            | BROWARD HSG 4.05% 9/1/2056 MT                                                                  | CUSIP: 115027RA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005890.10   | 0.03%             | 2056-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 11/1/2027                                                                   | CUSIP: 84136HAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $930965.75    | 0.03%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHERN IL UNIV REVS                                                                     | N IL UNIV 5% 4/1/2026                                                                          | CUSIP: 665245YC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $657753.20    | 0.02%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 4% 11/15/2026                                                                       | CUSIP: 213185MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4370000 | PA      | $4452114.05   | 0.13%             | 2026-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BOERNE TX ISD                                                                             | BOERNE TX ISD 0% 2/1/2053                                                                      | CUSIP: 097067NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6835000 | PA      | $6858044.89   | 0.21%             | 2053-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MINNESOTA MUN GAS AGY COMMODITY SUPPLY REV                                                | MINNESOTA MUN G 4% 12/1/2052 MT                                                                | CUSIP: 60406UAM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1753583.08   | 0.05%             | 2052-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2026 @                                                                  | CUSIP: 592190QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $610853.88    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 0.9% MT                                                                        | CUSIP: 64972EK32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $615238.52    | 0.02%             | 2060-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2027                                                                              | CUSIP: 452153JJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3031409.97   | 0.09%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VOLUSIA CNTY FL EDL FAC ATH RV                                                            | VOLUSIA CNTY FL 5% 10/15/2026                                                                  | CUSIP: 928836MW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $771787.80    | 0.02%             | 2026-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KINGFISHER CNTY OKLA INDPT SCHDIST NO 89 CASHION                                          | KINGF OK 49570P 5% 5/1/2027                                                                    | CUSIP: 49570PDL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2224668.52   | 0.07%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2026 @                                                                       | CUSIP: 795576LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2390000 | PA      | $2431651.01   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION and SUPPLY CORP V                                         | TEXAS MUNICIPAL 5% 1/1/2027                                                                    | CUSIP: 88256RAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512500.40    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL                                            | LEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY/FL V7                                              | CUSIP: 52350LAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9800000 | PA      | $9800000.00   | 0.29%             | 2049-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TX ST DEPT HSG and CMNTY AFFRS MTG                                                        | TX R-MRB 6% 1/1/2054                                                                           | CUSIP: 882750VB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $682648.21    | 0.02%             | 2054-01-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| EAST SYRACUSE-MINOA NY CENT SD                                                            | E SYRACUSE MINOA NY CSD 6/25/26 BAN                                                            | CUSIP: 275443EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3026623.50   | 0.09%             | 2026-06-25      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTHERN CALIFORNIA ENERGY AUTHORITY                                                      | NORTHERN CALIFO 5% 8/1/2026                                                                    | CUSIP: 664840AF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $457676.46    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | ARIZONA IND DEV AUTH MF HSG 2023-MIZ9149 MZ/MZ D35                                             | CUSIP: 60700HTK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3391000 | PA      | $3391000.00   | 0.10%             | 2040-07-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| NORTH CAROLINA TPK AUTH TRIANGLE EXPWY SYS REV                                            | NC TPK TRIANGLE 5% 1/1/2027                                                                    | CUSIP: 65830RBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2530277.03   | 0.08%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2028                                                                              | CUSIP: 452153JK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $662966.06    | 0.02%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MCKINNEY TEX                                                                              | MC KINNEY TE 5% 8/15/2028                                                                      | CUSIP: 58178CHA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $375712.68    | 0.01%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY PUB PROJS REV                                                       | RURAL WTR FING 3.70% 5/1/2027                                                                  | CUSIP: 781741AV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000473.00   | 0.15%             | 2027-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OREGON ST FACS AUTH REV                                                                   | OR ST FACS 5% 10/1/2029                                                                        | CUSIP: 68608JVZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006648.40   | 0.03%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DISTRICT COLUMBIA HSG FIN MULT 3.05% 09/01/2041 MT                                             | CUSIP: 25477PQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2041-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY AL SWR REV                                                                 | JEFF AL W+S 5% 10/1/2027                                                                       | CUSIP: 472682YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $429598.94    | 0.01%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ECON DEV FIN AUTH                                                                | KENTUCKY ECON DEV FIN AUTH VAR-CATHOLIC HEALTH-SER C                                           | CUSIP: 49126PCJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4280000 | PA      | $4280000.00   | 0.13%             | 2034-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MANHATTAN KS                                                                              | MANHATAN KS 5% 6/15/2028                                                                       | CUSIP: 562895XA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6096331.80   | 0.18%             | 2028-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SALEM OR HOSP FAC AUTH REV                                                                | SALEM OR OHC 5% 5/15/2026                                                                      | CUSIP: 794458GB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136279.14    | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HEALTH FAC                                                                | BREVARD CNTY FL 5% 4/1/2028 Q                                                                  | CUSIP: 107416QT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $343783.12    | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2027                                                                         | CUSIP: 2510936H8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1227613.76   | 0.04%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FIN CORP NJ                                                            | NJ TOBACCO 5% 06/01/26                                                                         | CUSIP: 888808HB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8936893.68   | 0.27%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WATER and WASTEWATER REVENUE                                              | PHILA WTR(PHIWWC)C L=TD TECP                                                                   | CUSIP: 71801CBE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000058.40   | 0.12%             | 2025-09-04      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETLEMENT FING CORP RI                                                            | RI TOBACCO 5% 6/1/2027                                                                         | CUSIP: 888809AZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20025.68     | 0.00%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV                                                | GRAND PARKWAY T 5% 10/1/2052                                                                   | CUSIP: 38611TDR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $578323.57    | 0.02%             | 2052-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA J-2 1.1% MT                                                                            | CUSIP: 64987JRC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $916504.62    | 0.03%             | 2061-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH HSG RE                                                            | KING CNTY WA MF 3% 12/1/2025                                                                   | CUSIP: 494759RQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $825346.42    | 0.02%             | 2025-12-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                                                                               | MD ST 4% 3/15/2030                                                                             | CUSIP: 574193NM6<br>LEI: 1KB5EZVJRET62OYIKM77 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3060212.70   | 0.09%             | 2030-03-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| COMMUNITY ROOTS HOUSING FOUNDATION                                                        | COMMUNITY ROOTS HOUSING FOUNDATION 3.4% MT                                                     | CUSIP: 20403EAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5165000 | PA      | $5241262.26   | 0.16%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LEWISBURG TENN INDL DEV BRD SO LID WASTE DISP REV                                         | LEWSBRG TN (WSTE MGT) MT@                                                                      | CUSIP: 528236AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000330.00   | 0.09%             | 2035-07-02      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA WTR and WASTEWTR REV                                                           | ATL WTR(ATLWWA)24A2 L=TD TECP                                                                  | CUSIP: 04787YAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2524000 | PA      | $2524062.34   | 0.08%             | 2025-09-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS STATE                                                                               | TX ST 5% 8/1/2026 AMT                                                                          | CUSIP: 882723F53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7875000 | PA      | $7889605.76   | 0.24%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI BUS FIN CORP MS SW                                                            | MISS BUS FIN WASTE MNGMT INC PROJ *******AMT******@                                            | CUSIP: 60527MAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5044809.50   | 0.15%             | 2027-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ST PAUL MN HSG and REDEV WUTH HOSP                                                        | ST PAUL MN HOSP 5% 11/15/27 PRE                                                                | CUSIP: 792888KK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402001.48    | 0.01%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY FACS AUTH SLS TAX                                                            | JACKSN OK SLS 3% 10/1/2025                                                                     | CUSIP: 466601BN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $729949.56    | 0.02%             | 2025-10-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX 5% 5/15/2026                                                                           | CUSIP: 54811BXZ9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    700000 | PA      | $711880.82    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHIC IL OHARE SER D 5% 1/1/27@                                                                 | CUSIP: 167593E32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87543.19     | 0.00%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| APPLETON WIS REDEV AUTH REDEV REV                                                         | WI FOX CITY PRF ART01B L=AB V7                                                                 | CUSIP: 038127AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.30%             | 2036-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2028                                                                   | CUSIP: 02765UTA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    480000 | PA      | $505576.51    | 0.02%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 5/1/2026                                                                              | CUSIP: 452153FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1523133.30   | 0.05%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST OVERTOWN PK WEST CMNTY REDEV AGY FLA TAX INCREMENT REV                          | SOUTHEAST OVERT 5% 3/1/2028                                                                    | CUSIP: 841466BH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $787436.32    | 0.02%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA UNI SCH DIST CP                                                            | LA CA USD COP 5% 10/1/2026                                                                     | CUSIP: 544648XC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1633743.03   | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.65% 10/1/2025 @                                                              | CUSIP: 64988YSM0<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    535000 | PA      | $535288.69    | 0.02%             | 2025-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2025 @                                                                 | CUSIP: 114894XE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500828.20    | 0.02%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BUILT LEARN MD STADIUM AUTH                                                               | MARYLAND ST STA 5% 6/1/2027                                                                    | CUSIP: 574294AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $522766.65    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G SIFMA+87 MT                                                                | CUSIP: 79625GFV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4065000 | PA      | $4064204.48   | 0.12%             | 2048-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST INDS AUTH EDL FACSLEASE REV                                                   | OKLAHOMA ST IND 5% 4/1/2027                                                                    | CUSIP: 67910FAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3352193.48   | 0.10%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LINCOLN NEB MULTIFAMILY HSG REV                                                           | LINCOLN NEB MUL 3.37% MT                                                                       | CUSIP: 534307AC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2260000 | PA      | $2282246.76   | 0.07%             | 2048-01-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY SINGLE FAMILY MTG REV                                                | OK HSG FIN AGY 6.50% 9/1/2054                                                                  | CUSIP: 67886MD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $61696.55     | 0.00%             | 2054-09-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST HSG DEV AUTH HOMEOWNERSHIP MTG REV                                            | VA ST HSG DEV 3.625% MT                                                                        | CUSIP: 92812XFJ6<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2290050.84   | 0.07%             | 2055-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST OVERTOWN PK WEST CMNTY REDEV AGY FLA TAX INCREMENT REV                          | SOUTHEAST OVERT 5% 3/1/2028                                                                    | CUSIP: 841466AQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $708164.21    | 0.02%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.35% 11/1/2048                                                                  | CUSIP: 610530FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $614864.93    | 0.02%             | 2048-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 10/1/2025                                                                    | CUSIP: 45204FGS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004200.80   | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WHITING IND ENVIRONMENTAL FACS                                                            | WHITING IN ENV 5% MT@                                                                          | CUSIP: 96634RAU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24500000 | PA      | $24791491.20  | 0.74%             | 2044-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TEX MUN UTIL DIST NO 182                                                   | FORT BEND TEXA 5.25% 9/1/2026                                                                  | CUSIP: 34682BHN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1029058.70   | 0.03%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 0% MT                                                                           | CUSIP: 09182TAN7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2317684.68   | 0.07%             | 2052-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ENGY ACQ CRP GAS REV                                                            | TENN ENERGY ACQ 4% MT                                                                          | CUSIP: 880443JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3508464.75   | 0.11%             | 2049-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 4.6% 10/1/2046 MT @                                                                 | CUSIP: 708692BZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9005000 | PA      | $9035014.57   | 0.27%             | 2046-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE OH LOC SCH DIST                                                                    | MONROE OH LSD 12/3/25 BAN                                                                      | CUSIP: 611237CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004113.20   | 0.06%             | 2025-12-03      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                                     | CUSIP: 544445XQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $457425.50    | 0.01%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISE CNTY TEX LEASE REV                                                                   | WISE CNTY TEX L 5% 8/15/2027                                                                   | CUSIP: 977195AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027809.00   | 0.03%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TAMPA FL HOSP REV                                                                         | TAMPA FL HOSP 5% 7/1/2026                                                                      | CUSIP: 875161CM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177948.38    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 3.2% 3/1/2029                                                                            | CUSIP: 70914PL91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    640000 | PA      | $643964.03    | 0.02%             | 2029-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SMHA FIN PUB FAC CORP TEX MULTIFAMILY HSG REV                                             | SAN MARCOS 3.7% MT                                                                             | CUSIP: 78454QAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3695000 | PA      | $3757367.54   | 0.11%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION                                               | FL GOVT(FLGFPA)11A1 L=JP TECP                                                                  | CUSIP: 34077XFM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2199000 | PA      | $2199022.87   | 0.07%             | 2025-09-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                                   | OKLAH OK 67886U 3.35% MT                                                                       | CUSIP: 67886UAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2295901.63   | 0.07%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2026 @                                                                  | CUSIP: 04780MR84<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2295558.23   | 0.07%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TACOMA WA ELEC SYS REV                                                                    | TACOMA WA ELEC 5% 1/1/2026                                                                     | CUSIP: 873519PC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35286.06     | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 12/1/2025 @                                                                      | CUSIP: 73358XJT0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   8525000 | PA      | $8571166.29   | 0.26%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY PUB PROJS REV                                                       | RURAL WTR FING 3.90% 11/1/2025                                                                 | CUSIP: 781741AD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2501231.00   | 0.08%             | 2025-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                              | ARIZONA ST INDL 5% MT                                                                          | CUSIP: 04062PCC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3060981.30   | 0.09%             | 2058-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 0% I=NATL 12/15/2029                                                         | CUSIP: 592247J35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $500563.38    | 0.02%             | 2029-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL TRAN AUTH CAP GRNT RCPTS REV                                                   | CHICAGO IL TRNST 5% 6/1/26                                                                     | CUSIP: 167723GY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2792101.68   | 0.08%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                       | ORANGE CNTY FL 0% 11/15/2052 PRE                                                               | CUSIP: 68450LGS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $272759.84    | 0.01%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ITHACA CITY NEW YORK                                                                      | ITHACA CITY NY 2/13/26 BAN                                                                     | CUSIP: 465650U72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9400000 | PA      | $9437310.48   | 0.28%             | 2026-02-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/01/25 @                                                                       | CUSIP: 762315QT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $859427.10    | 0.03%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH and EDL FAC                                                          | SD HLTH 5% 11/1/2027                                                                           | CUSIP: 83755VU93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1575076.65   | 0.05%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REV                                                               | PUBLIC FIN WIS 5% 6/1/2028                                                                     | CUSIP: 74442CEU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1059696.10   | 0.03%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 2/15/2028                                                                   | CUSIP: 187145UW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1210915.96   | 0.04%             | 2028-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC .83% 11/1/2048 MT@                                                              | CUSIP: 605155BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3993556.00   | 0.12%             | 2048-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JACKSON TN HOSP REV                                                                       | JACKSON TN HOSP 5% 4/1/2027                                                                    | CUSIP: 46874TGS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5750000 | PA      | $5754876.00   | 0.17%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PROSPER TEX INDPT SCH DIST                                                                | PROSPER TX ISD 4% 2/15/2050 MT                                                                 | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2936745.32   | 0.09%             | 2050-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2032@                                                                        | CUSIP: 795576ML8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1535000 | PA      | $1677539.18   | 0.05%             | 2032-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA HSG FIN AGY LTD OBLIG MULTIFAMILY HSG REV                                      | CA HSG FIN AGY 5% 5/1/2054                                                                     | CUSIP: 13034DAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5098312.00   | 0.15%             | 2054-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LYCOMING CNTY PA AUTH REVENUE                                                             | LYCOMING PA REV 1.85% 11/1/2035                                                                | CUSIP: 550809AJ6<br>LEI: 549300TCAO8EBJY0O782 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010525.20   | 0.06%             | 2035-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL ED FACS FIN CORP REV                                              | HARRIS TX CED 5% MT                                                                            | CUSIP: 414009PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028269.20   | 0.03%             | 2032-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REV                                                                 | CLEVELAND ARPT 5% 1/1/2027 @                                                                   | CUSIP: 186352SZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358759.49    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA FIN AUTH HOSP REV                                                                 | IN FIN HOSP .70% MT                                                                            | CUSIP: 45471ATZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3680000 | PA      | $3632693.34   | 0.11%             | 2046-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| ESSEX CNTY NJ                                                                             | ESSEX CNTY NJ 7/8/26 BAN                                                                       | CUSIP: 2968044U8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4048502.40   | 0.12%             | 2026-07-08      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LUDINGTON MICH AREA SCH DIST                                                              | LUDIN MI 5% 11/1/2025                                                                          | CUSIP: 549637FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1235204.62   | 0.04%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.70% 10/1/2025 @                                                              | CUSIP: 64988YZJ9<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    610000 | PA      | $610353.37    | 0.02%             | 2025-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL NORTHWSTRN U(ILLFTE)24 TECP                                                                 | CUSIP: 45203UAD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000425.20   | 0.12%             | 2025-09-15      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CLARK NV POLLUTN CTL REV                                                                  | CLARK CO NV PCR 3.75% MT                                                                       | CUSIP: 181008BE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2068718.86   | 0.06%             | 2036-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 5% 6/15/2029                                                                 | CUSIP: 592250FW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1745622.69   | 0.05%             | 2029-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 1/1/2026 @                                                                    | CUSIP: 650116CE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2510002.50   | 0.08%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TEX HOSP DIST                                                                 | HARRIS CY TEX 5% 2/15/2029                                                                     | CUSIP: 41415UBH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2159090.20   | 0.06%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA MUN PWR AGY PWR SUPPLY                                                            | IN MUNI PWR 5% 1/1/2027                                                                        | CUSIP: 454898YD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4141476.40   | 0.12%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MEADE CNTY KY INDL BLDG REV                                                               | KY NUCOR 20B1 V1@                                                                              | CUSIP: 583022AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.21%             | 2060-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SOLID WASTE FACSREV                                                         | IOWA FIN AUTH S 0% 1/1/2042 @                                                                  | CUSIP: 46246YAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2894477.48   | 0.09%             | 2042-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| JOHNSON CITY TN HEALTH  and EDL                                                           | JOHNSON TN HOSP 5% 7/1/2026                                                                    | CUSIP: 478271KH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406904.64    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALLEG CNTY PA DEV AUTH                                                                    | ALLGNY CNTY HDA 5% 10/15/2025                                                                  | CUSIP: 01728A5J1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $741943.76    | 0.02%             | 2025-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMN MULTIFAMILY HSG REV                                           | WA HFC MF 5% MT                                                                                | CUSIP: 93978PPU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $817674.16    | 0.02%             | 2043-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| EL PASO TX WTR and SWR REV                                                                | EL PASO TX W and S 5% 3/1/2030                                                                 | CUSIP: 283822PM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030614.40   | 0.03%             | 2030-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2026 @                                                                  | CUSIP: 442349GB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039000.40   | 0.06%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LOS ANGELES CA MF MTG REV 2025-MIZ9221 MZ/MZ D35                                               | CUSIP: 60700HH77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5400000.00   | 0.16%             | 2028-08-04      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| BINGHAMTON NY                                                                             | BINGHAMTON CITY NY 4/10/26 BAN                                                                 | CUSIP: 0904912K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9300000 | PA      | $9367434.30   | 0.28%             | 2026-04-10      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTH JERSEY TR AU NJ TR SY RV                                                            | S JERSEY TRANS 5% 11/1/2028                                                                    | CUSIP: 838536NC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075669.30   | 0.03%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| REDMOND OR                                                                                | REDMOND OR 5% 6/1/2030@                                                                        | CUSIP: 757657ZA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $486549.81    | 0.01%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2027 @                                                                 | CUSIP: 592647FA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1585000 | PA      | $1656218.01   | 0.05%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 12/15/2025                                                                        | CUSIP: 6461366B2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201345.14    | 0.01%             | 2025-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BOX ELDER CNTY UTAH POLLUTION CTL REV                                                     | BOX ELDER CNTY UTAH POLLUTION CTL REV VAR-REF-NUCOR CORP PROJ                                  | CUSIP: 103160AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $660000.00    | 0.02%             | 2028-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2026                                                                   | CUSIP: 187145NN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $483332.40    | 0.01%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2027 @                                                                   | CUSIP: 167562SY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1635338.83   | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIKER HSG PARTNERS COLO MULTIFAMILY HSG REV                                              | MAIKER HSG PART 4.5% MT                                                                        | CUSIP: 56031AAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1183200.09   | 0.04%             | 2042-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2026 @                                                                    | CUSIP: 57563RSX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $370832.74    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SWEETWATER CNTY WY ENV IMP REV                                                            | WY PACIFICORP-BRK SWE 95 V1@                                                                   | CUSIP: 870481AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1100000.00   | 0.03%             | 2025-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY SOUTH AL UNIV REV                                                              | UNIV SOUTH AL 4% 4/1/2026                                                                      | CUSIP: 914845TK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504262.15    | 0.02%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST HIGHER EDL FAC COMMN                                                              | OH HI ED COM 1.625% MT                                                                         | CUSIP: 67756DVP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $592295.67    | 0.02%             | 2034-12-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOC DEV CORP REV                                                         | DUTCHESS NY LDC 5% 7/1/2028                                                                    | CUSIP: 267045SX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $343715.87    | 0.01%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PT HOUSTON                                                                                | PT HOUSTON 5% 10/1/2026                                                                        | CUSIP: 734262GB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $981673.53    | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MTG FIN AUTH MF HSG REV                                                        | NM MTG MHSG REV MT 3/1/26                                                                      | CUSIP: 64719HEQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3494853.56   | 0.11%             | 2042-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BOERNE TX ISD                                                                             | BOERNE TX ISD 4% MT                                                                            | CUSIP: 097067NQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1333290.04   | 0.04%             | 2054-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% MT                                                                           | CUSIP: 593344BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1445000.00   | 0.04%             | 2026-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| INTERMOUNTAIN PWR AGY UT PWR                                                              | IPA PWR 5% 7/1/2026                                                                            | CUSIP: 45884AD83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $953310.39    | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                          | CUSIP: 19648FXD1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3060000 | PA      | $3252873.94   | 0.10%             | 2058-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE CNTY MD CREST VLG                                                               | BALTIMRE MD 5% 1/1/2026                                                                        | CUSIP: 059151CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140762.23    | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CALIF PUB PWR AUTH SOUTHN TRANSMISSION SYS RENEWALPROJ REV                       | SOUTHERN CFA 5% MT                                                                             | CUSIP: 842469DL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1850000 | PA      | $1967785.80   | 0.06%             | 2053-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 11/1/2028                                                                   | CUSIP: 84136HAC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057030.50   | 0.03%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                                                 | CUSIP: 592647JV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $941226.70    | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2025                                                                    | CUSIP: 64577XDK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003804.20   | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOC DEV CORP REV                                                         | DUTCHESS NY LDC 5% 7/1/2026                                                                    | CUSIP: 267045SV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203631.22    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIDALGO CNTY TEX                                                                          | HIDALGO CNTY TX 5% 8/15/2028                                                                   | CUSIP: 429326W64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $909183.04    | 0.03%             | 2028-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5% 8/1/2026                                                                    | CUSIP: 60416TTZ1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102173.77    | 0.00%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA MUN BD BK ALASKA MUN BD BK AUTH                                                    | ALASKA MUN BD B 5% 12/1/2025 @                                                                 | CUSIP: 01179R3X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $487286.24    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSING OPTIONS INC TEX MULTIFAMILY REV                                                   | HSG OPTIONS INC 3.75% MT                                                                       | CUSIP: 44183TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3053295.00   | 0.09%             | 2045-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 4.1% MT                                                                        | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $574968.69    | 0.02%             | 2037-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                             | PA TPK 5% 6/1/2028                                                                             | CUSIP: 709224XC8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    410000 | PA      | $428540.04    | 0.01%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9121 G=FHLM/MZ D1@                                                    | CUSIP: 60700HPW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2033-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CA CITY and COUNTY AIRPORTS COMMISSION INTERNATIONAL AIRPORT REVENUE        | SAN FRAN ARPT 5% 5/1/2026 @                                                                    | CUSIP: 79766DTZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030953.40   | 0.06%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW 1.75% 8/1/2038 MT @                                                                 | CUSIP: 708692BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3999745.60   | 0.12%             | 2038-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HSG and ECONOMIC DEV AUTH MULTIFAMILY HSG                                       | WI MHSG 5% MT                                                                                  | CUSIP: 97689RFF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3348510.75   | 0.10%             | 2058-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TEMPE AZ INDL DEV AUTH REV                                                                | TEMPE ARIZ INDL DEV AUTH REV VAR-ASUF BRICKYARD PJ-SER A LOC BANK OF AMERICA                   | CUSIP: 87972MAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1089000 | PA      | $1089000.00   | 0.03%             | 2034-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CARROLL CNTY KY POLLUTION CTLREV                                                          | CARRO KY 1.55% MT                                                                              | CUSIP: 144838AE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $488430.65    | 0.01%             | 2042-09-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WASTEWATER TXMN REV                                                            | CHICAGO WW 5% 1/1/2030                                                                         | CUSIP: 167727K47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1996599.09   | 0.06%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEFA EDL FACS REV                                                             | MO HEFA EDL 0% 5/1/2051 MT                                                                     | CUSIP: 60637ATQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9135000 | PA      | $9205869.33   | 0.28%             | 2051-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BRIGHTLINE FL PASSENGER RAIL 2024-XF1704-NUV E-AGM(RC)/RC D7@                                  | CUSIP: 88035HZ25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9750000 | PA      | $9750000.00   | 0.29%             | 2053-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 11/15/2026                                                                   | CUSIP: 249182RX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $824497.76    | 0.02%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SCIOTO CNTY OH HSP FACS REV                                                               | SCIOTO OH HSP 5% 2/15/2026                                                                     | CUSIP: 808878GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $408283.38    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA HSG FIN DEV AUT                                                            | SC HSG DEV AUT 4% 1/1/2050                                                                     | CUSIP: 83712DC79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55693.50     | 0.00%             | 2050-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR 5% 9/1/2042 @                                                                  | CUSIP: 158862CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7400000 | PA      | $7541769.20   | 0.23%             | 2042-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA HSG FIN CORP MTG REV                                                               | AK HSG FIN CORP 3% 6/1/2051                                                                    | CUSIP: 01170RLZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $341097.53    | 0.01%             | 2051-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2026                                                                     | CUSIP: 20775DCD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $263518.24    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2027                                                                    | CUSIP: 93978HSF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52130.97     | 0.00%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                                     | BALT MD WTR 5% 7/1/2029                                                                        | CUSIP: 05922KYK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030097.60   | 0.03%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.20% 5/1/2026                                                                     | CUSIP: 677525WY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3269532.06   | 0.10%             | 2026-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 3.95% MT@                                                                       | CUSIP: 605155BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3800000.00   | 0.11%             | 2055-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TN                                          | MET NASH TN TECP                                                                               | CUSIP: 59085UBJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5500292.05   | 0.17%             | 2025-10-08      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BATTERY PK CITY AUTH NY REV                                                               | BATTERY PARK NY 19D1 Q=TD V1                                                                   | CUSIP: 07133AJB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $800000.00    | 0.02%             | 2038-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LEANDER TX INDPT SCH DIST                                                                 | LEANDER TX ISD 0% 2/15/2027                                                                    | CUSIP: 521841L79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $962660.90    | 0.03%             | 2027-02-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| BASELINE MET DIST NO 1 SPL REVCOLO                                                        | BASELINE MET DI 5% 12/1/2027                                                                   | CUSIP: 069826AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048488.30   | 0.03%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG and TUNL NY REVS                                                          | TBTA NY MTA BRDG and TNL 24A 12/1/25 BAN                                                       | CUSIP: 89602RMT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7041325.90   | 0.21%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OREGON ST BUSINESS DEV COMMN REV                                                          | OR ST BUS DEV C 3.8% MT                                                                        | CUSIP: 68609AAD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2029478.40   | 0.06%             | 2040-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TENNESSEE HSG DEV AGY RESIDENTIAL FIN PROG REV                                            | TENNESSEE HSG D 3% 1/1/2052                                                                    | CUSIP: 8804616V5<br>LEI: 25490004PSQYQLFJGI76 | Long             | DBT              | MUN               | US        |    175000 | PA      | $173600.81    | 0.01%             | 2052-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| COLORADO EDL and CULTURAL FAC AUTH REV                                                    | CO MESIVTA GRTR LA 04 L=DB V7                                                                  | CUSIP: 196458YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $375000.00    | 0.01%             | 2029-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 5/1/50 MT@                                                                      | CUSIP: 605155BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3500385.00   | 0.11%             | 2050-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/28                                                                      | CUSIP: 75076PAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2385000 | PA      | $2430630.77   | 0.07%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOC DEV CORP REV                                                         | DUTCHESS NY LDC 5% 7/1/2027                                                                    | CUSIP: 267045SW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $238872.89    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2029                                                                     | CUSIP: 96023PNN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $652672.80    | 0.02%             | 2029-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                                                                            | CT ST 5% 3/1/2028                                                                              | CUSIP: 20772KVZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4527581.10   | 0.14%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2026                                                                      | CUSIP: 750046SU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $126777.80    | 0.00%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 4% MT                                                                          | CUSIP: 74440DCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $326908.60    | 0.01%             | 2050-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LANCASTER MUNICIPAL AUTHORITY                                                             | LANCASTER MUNIC 5% 5/1/2028                                                                    | CUSIP: 514350AD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $219454.47    | 0.01%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 5.25% 11/1/2025                                                                | CUSIP: 57419T4U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6012100.80   | 0.18%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.75% 4/1/2026 @                                                               | CUSIP: 64988YZK6<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    295000 | PA      | $295947.30    | 0.01%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% 7/1/2026 MT                                                                     | CUSIP: 235298BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402018.20    | 0.01%             | 2026-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST HIGHER EDL FACS AUTH REV                                                  | PA THOS JEFF UNIV 24D1 L=BA V1                                                                 | CUSIP: 70917TSS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2061-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TA PSNGR FAC CHRG                                                             | MD TRANS PASS 2.50% 06/01/2026 AMT                                                             | CUSIP: 57429NBL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $667714.97    | 0.02%             | 2026-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CLEMSON UNIV S C HIGHER ED REV                                                            | CLEMSON UNIV SC 5% 5/1/2030                                                                    | CUSIP: 185630C99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $431735.07    | 0.01%             | 2030-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST                                                              | PORT PORT ARTH 5% 3/1/2028 @                                                                   | CUSIP: 735218HN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1691282.08   | 0.05%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY COLLATERALIZED REV                                                   | OKLAH OK 3.2% MT                                                                               | CUSIP: 67886UAS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503661.35   | 0.05%             | 2042-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                                    | CUSIP: 646080SN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $422027.84    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2026                                                                    | CUSIP: 64577XCB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $565570.31    | 0.02%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST TA PSNGR FAC CHRG                                                             | MD TRANS PASS 2.625% 6/1/27@                                                                   | CUSIP: 57429NBM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $541310.55    | 0.02%             | 2027-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TPK AUTH TPK REV                                                            | NJ TPK 5% 1/1/2028                                                                             | CUSIP: 646140FN8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    455000 | PA      | $481973.36    | 0.01%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | NY PAYROLL MOBI 5% 5/15/2051 MT                                                                | CUSIP: 89602HBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4267150.02   | 0.13%             | 2051-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | SC CONWAY HOSP BC22-019 BC/BC DR42                                                             | CUSIP: 76252PTY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400000.00   | 0.04%             | 2047-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BARRY CNTY MO CTFS PARTN                                                                  | BARRY CNTY MO C 5% 10/1/2026                                                                   | CUSIP: 06882PAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $560245.84    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON CNTY OKLA EDL FACSAUTH EDL FACS LEASE REV                                      | WASHINGTON CN O 5% 9/1/2027                                                                    | CUSIP: 938176AH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $471211.97    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER MUNICIPAL AUTHORITY                                                             | LANCASTER MUNIC 5% 5/1/2027                                                                    | CUSIP: 514350AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205575.02    | 0.01%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2028                                                                              | CUSIP: 0117706D1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $198864.53    | 0.01%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HSG FIN AGY RESIDENTIA L MTG REV                                                  | OH HFA RES MTG 6% 3/1/2055                                                                     | CUSIP: 67756Q4R5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $263262.89    | 0.01%             | 2055-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TENN INDL DEV BRD EXEMPT FACS REV           | METROPOLITAN GOVT NASHVILLE and DAVIDSON CNTY TN INDL DEV WASTE MGMNT INC TENN PROJ ***AMT***@ | CUSIP: 592107AA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2001641.00   | 0.06%             | 2031-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FLA SEAPORT REV                                                           | MIAMI DADE FL 5% 10/1/2027 @                                                                   | CUSIP: 59335KEJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2727104.36   | 0.08%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR and WASTEWTR                                                          | PHILA WTR(PHIWWA)A L=BC TECP                                                                   | CUSIP: 71789PBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250160.00   | 0.04%             | 2025-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 1/15/2029                                                                     | CUSIP: 96023PNM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $485096.31    | 0.01%             | 2029-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX SPL TAX REV                                                                    | DALLAS TEX SPL 6% MT                                                                           | CUSIP: 235380AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8514793.40   | 0.26%             | 2053-08-15      | Variable      | 0.06%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 8/1/2026                                                                    | CUSIP: 74440DEP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254015.45    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 3/1/2028                                                                    | CUSIP: 56035DGK2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1073791.23   | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SANTA FE CNTY N MEX MULTIFAMILY REV                                                       | SANTA NM 3.29% 12/10/2049 MT                                                                   | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3018308.10   | 0.09%             | 2049-12-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 2/15/2027                                                                   | CUSIP: 187145UV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3105152.10   | 0.09%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2027 @                                                                  | CUSIP: 04780MR92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2129550.53   | 0.06%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DUVAL CNTY FLA SCH BRD CTFS PT                                                            | DUVAL FL SD COP 5% 7/1/2029                                                                    | CUSIP: 267169HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1092049.50   | 0.03%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2032                                                                   | CUSIP: 725304YY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $434761.75    | 0.01%             | 2032-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA HSG FIN CORP MLTFMY RV                                                            | FL HFC MF 3.8% 6/1/2042 MT                                                                     | CUSIP: 34073JVE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1376876.99   | 0.04%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY MED CTR REV                                                                    | ASHLAND KY MED 5% 2/1/2026                                                                     | CUSIP: 044293BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $553756.17    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2052 MT                                                                | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1361661.73   | 0.04%             | 2052-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HIGHER ED                                                                      | HOUSTN RICE UNIV(HHEFC)A TECP                                                                  | CUSIP: 44237LC53<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2075733.10   | 0.06%             | 2025-10-23      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 3/1/2028                                                                     | CUSIP: 93978HZC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $644177.57    | 0.02%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WARNER ROBINS GA HSG AUTH MULTIFAMILY REV                                                 | WARNE GA 934604 5% MT                                                                          | CUSIP: 934604AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2629083.00   | 0.08%             | 2029-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2028 @                                                                   | CUSIP: 696499FC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1328476.13   | 0.04%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2028@                                                                   | CUSIP: 64763HLZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2816062.55   | 0.08%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% MT                                                                           | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2370000 | PA      | $2472757.28   | 0.07%             | 2053-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.50% 6/1/2027                                                                  | CUSIP: 09182TCV7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    685000 | PA      | $710880.81    | 0.02%             | 2027-06-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 2.85% 11/1/2026                                                                 | CUSIP: 6461087L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2090000 | PA      | $2090694.09   | 0.06%             | 2026-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| BLYTHEVILLE AR INDL DEV REV                                                               | AR NUCOR 98 V7@                                                                                | CUSIP: 096490BV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400000.00    | 0.01%             | 2028-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                                | CHICAGO IL 5% 1/1/2028                                                                         | CUSIP: 167486XA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1070253.33   | 0.03%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEBRASKA INVT FIN AUTH SFH REV                                                            | NE IFA SFH 4% 9/1/2049@                                                                        | CUSIP: 63968MTQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45212.96     | 0.00%             | 2049-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/2028 @                                                                 | CUSIP: 944514Q43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3199880.70   | 0.10%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 4% 11/1/2025                                                                           | CUSIP: 6262076G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $801684.16    | 0.02%             | 2025-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | IL FIN ATH SER C 5% 8/1/26                                                                     | CUSIP: 45204EWQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35603.41     | 0.00%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA INS ASSISTANCE INTERLOCAL AGY FLA INS ASSMT REV                                   | FL INSURANCE 2023 A2 Q=FL V7                                                                   | CUSIP: 34074EAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19800000 | PA      | $19800000.00  | 0.59%             | 2032-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PELICAN RAPIDS MINN                                                                       | PELIC MN 4% 12/15/2025                                                                         | CUSIP: 705846XA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2515000 | PA      | $2519662.56   | 0.08%             | 2025-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WTR FAC REV                                                                | WASHOE NV WTR 3.625% MT                                                                        | CUSIP: 940865BJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $270215.95    | 0.01%             | 2036-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZONA CIVIC IMP WTR                                                             | PHX CVC WTR 5% 7/1/27                                                                          | CUSIP: 71883RNK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400696.36    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2025                                                                             | CUSIP: 452152Q46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $923481.00    | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2025                                                                       | CUSIP: 213185LS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50246.27     | 0.00%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS MUN GAS ACQUISITION and SUPPLY CORP IV GAS SUPPLY REV                               | TEXAS GAS IV 5.25% 1/1/2027                                                                    | CUSIP: 88256PAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1100210.27   | 0.03%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE HOSP AUTH NO 3 REV                                                        | DOUGLAS NE HP#3 5% 11/1/2028                                                                   | CUSIP: 259234CF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254841.88   | 0.04%             | 2028-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI HOSP REV                                                               | PUBLIC FIN WIS 5% 6/1/2026                                                                     | CUSIP: 74442CCL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $523771.12    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2028 @                                                                  | CUSIP: 442349JA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1586685.00   | 0.05%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PMA LEVY and AID ANTIC NTS PROGRAM WIS                                                    | PMA LEVY and AID 5% 9/24/2025                                                                  | CUSIP: 730146DF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503304.00   | 0.08%             | 2025-09-24      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2028                                                                            | CUSIP: 62620HKC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $396370.50    | 0.01%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BEDFORD OH CITY SCH DIST                                                                  | BEDFORD CITY OH SD 9/4/25 BAN                                                                  | CUSIP: 076365KZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500264.50   | 0.08%             | 2025-09-04      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.45% MT                                                                         | CUSIP: 160853TL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2807759.28   | 0.08%             | 2048-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2026 @                                                                    | CUSIP: 646080XB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2041804.00   | 0.06%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NEW YK 5% 8/1/2026                                                                             | CUSIP: 64966QBK5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    260000 | PA      | $266231.39    | 0.01%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ST JAMES PARISH LA REV                                                                    | LA NUCOR 10A1 V7                                                                               | CUSIP: 790103AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9600000 | PA      | $9600000.00   | 0.29%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DALLAS TEX HSG FIN CORP MULTI FAMILY HSG REV                                              | DALLAS MHSG 5% MT                                                                              | CUSIP: 235298BV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1818108.18   | 0.05%             | 2027-08-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2030                                                                         | CUSIP: 2510936L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $328488.57    | 0.01%             | 2030-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNI SCH DIST                                                                    | RACINE WI USD 5% 4/1/2028                                                                      | CUSIP: 750046SW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $185978.33    | 0.01%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.85% 4/1/2027 @                                                               | CUSIP: 64988YZM2<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    775000 | PA      | $783455.72    | 0.02%             | 2027-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.50% 10/1/2032@                                                               | CUSIP: 64988YCS4<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |     25000 | PA      | $24984.33     | 0.00%             | 2032-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| HAWAII ST                                                                                 | HI ST 4% 4/1/2029                                                                              | CUSIP: 419792HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6038519.40   | 0.18%             | 2029-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE CNTY GA 3.3% MT                                                                          | CUSIP: 121342QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2010590.20   | 0.06%             | 2049-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2028 @                                                                       | CUSIP: 795576LK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061432.20   | 0.03%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FL BAYCARE HLTH 2025-XL0669-ALL Q=BA D1                                                        | CUSIP: 88035P7M4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8150000 | PA      | $8150000.00   | 0.24%             | 2054-11-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5.25% 6/1/2026                                                                  | CUSIP: 09182TBZ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    575000 | PA      | $583524.26    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MOUNT VERNON N Y                                                                          | MOUNT VERNON 5% 5/29/2026                                                                      | CUSIP: 623589QK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4033865.60   | 0.12%             | 2026-05-29      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS HSG DEV AUTH MULTIFAMILY HSG REV                                                 | ILLINOIS HDA MU 0% 2/1/2027                                                                    | CUSIP: 45203LEM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2050000 | PA      | $2067832.75   | 0.06%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE(MO) 5.25% 6/1/29MT 53                                                           | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   9090000 | PA      | $9603281.39   | 0.29%             | 2053-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OH UNIV HOSP HLTH SYS 21C V1                                                                   | CUSIP: 67756CFH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.08%             | 2051-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2026                                                                      | CUSIP: 66285WL61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65116.77     | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL HEALTH FACS AUTH REV                                                       | ORANGE CNTY FL 0% 11/15/2052                                                                   | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5370000 | PA      | $5516352.37   | 0.17%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| KANE COOK DU PAGE CNTYS IL SD                                                             | KANE COOK DUPAG 5% 1/1/2030                                                                    | CUSIP: 483836VT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $602658.27    | 0.02%             | 2030-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ ST TRANSN TR FD AUTH CAP APPREC-TRANSN SYS-SER A                                            | CUSIP: 646136WE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $992353.60    | 0.03%             | 2025-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5.250% MT                                                                      | CUSIP: 74440DFN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064725.40   | 0.03%             | 2055-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2026                                                                   | CUSIP: 187145SW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $332371.65    | 0.01%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 1/1/2028                                                                     | CUSIP: 45204FG41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $490783.32    | 0.01%             | 2028-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2026                                                                        | CUSIP: 837151R76<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    170000 | PA      | $175144.74    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND CNTY TEX TOLL RD REV                                                            | FORT TX TOLL R 5% 3/1/2028                                                                     | CUSIP: 346817EX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $530528.65    | 0.02%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS HSG FIN AGY                                                                 | MA ST HSG FIN A 4% 12/1/2027                                                                   | CUSIP: 57586VBE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $903392.95    | 0.03%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOUISIANA HSG CORP SINGLE FAMILY MTG REV                                                  | LOUIS LA 5.75% 12/1/2053                                                                       | CUSIP: 54627DPR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $179940.52    | 0.01%             | 2053-12-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| PARK CITY KANS                                                                            | PARK CITY KS 3.625% 10/1/2027                                                                  | CUSIP: 700222F98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002007.50   | 0.15%             | 2027-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALA GAS SUPPLY REV                                             | BLACK BELT ALAB 0% 7/1/2052                                                                    | CUSIP: 09182NCC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5044130.00   | 0.15%             | 2052-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 4.25% MT@                                                                          | CUSIP: 677525WV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9140000 | PA      | $9309512.27   | 0.28%             | 2039-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PREPAY REV                                              | BLACK BELT ENER 0% 12/1/2049                                                                   | CUSIP: 09182RAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3054985.84   | 0.09%             | 2049-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                                     | CUSIP: 544445XP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1226725.19   | 0.04%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WARRENSVILLE HEIGHTS OH                                                                   | WRNSVLLE OH 4.50% 6/24/2026                                                                    | CUSIP: 936104LS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025007.00   | 0.06%             | 2026-06-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL HOSP SYS REV                                                                  | LAKELND MED CTR 5% 11/15/2026                                                                  | CUSIP: 511665JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1541420.85   | 0.05%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER PORT AUTH OH GAS REV                                                            | LANCASTER PORT 5% MT                                                                           | CUSIP: 514401BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2765000 | PA      | $2939123.39   | 0.09%             | 2055-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                            | SOUTHEAST ENERG 5.25% 7/1/2028                                                                 | CUSIP: 84136FBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1945000 | PA      | $2050907.78   | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2027 @                                                                     | CUSIP: 735389P36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207439.08    | 0.01%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 9/1/2026                                                                              | CUSIP: 70914P2V3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6590000 | PA      | $6767077.25   | 0.20%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | MD STADIUM AUTH 2024-XF1758-BNY Q=JP D7                                                        | CUSIP: 88035JVJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1700000.00   | 0.05%             | 2054-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UT HSG CORP MULTIFAMILY REV                                                               | UT HSG MF 3% MT                                                                                | CUSIP: 917434DL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000005.40   | 0.03%             | 2045-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KANE MCHENRY COOK DEKALB IL SD                                                            | KANE MCHENRY IL 5% 1/1/2027                                                                    | CUSIP: 484080SM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395573.18    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 6/1/2031                                                                    | CUSIP: 84136HAX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $347243.20    | 0.01%             | 2031-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSON TN HEALTH and HSG MFH RV                                                          | JACKSON TN MFH 4% 4/1/2045                                                                     | CUSIP: 468741BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2040731.80   | 0.06%             | 2045-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH TX TWY AUTH REV                                                                     | NORTH TX TOLL 5% 1/1/2027                                                                      | CUSIP: 66285WM78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284766.19    | 0.01%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2027 @                                                                  | CUSIP: 523470GF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1513655.15   | 0.05%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA CAP FACS FIN AGY SOLID WASTE DISP REV                                      | NC CAP FACS WST 6/1/38 MT@                                                                     | CUSIP: 65820AAP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000883.50   | 0.15%             | 2038-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 6/1/2030                                                                    | CUSIP: 84136HAW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $186772.86    | 0.01%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ROCKPORT IND POLLUTION CTL REV                                                            | ROCKPORT IN PCR 3.7% 6/1/2047 MT                                                               | CUSIP: 773835BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5120000 | PA      | $5194317.31   | 0.16%             | 2047-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ORANGE TWP NJ                                                                             | ORANGE TWP CITY ESSEX CNTY NJ 3/18/26 BAN                                                      | CUSIP: 685312NP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4728186.84   | 0.14%             | 2026-03-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT OAKLAND CALIF REV                                                                    | PORT OAKLAND CA 5% 5/1/2028 @                                                                  | CUSIP: 735000VJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1792810.06   | 0.05%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 4% 10/1/2049                                                                            | CUSIP: 76221RB44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35265.38     | 0.00%             | 2049-10-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WACO TX                                                                                   | WACO TEX 5% 2/1/26                                                                             | CUSIP: 929831PW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2065000 | PA      | $2087147.13   | 0.06%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH REV                                                           | NEW JERSEY ST E 5% 9/1/2027                                                                    | CUSIP: 646067FC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209797.94    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2025 @                                                                 | CUSIP: 3922744S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30054.62     | 0.00%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2025                                                                    | CUSIP: 469487TA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $275556.24    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2026                                                                    | CUSIP: 56035DEA6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    800000 | PA      | $811050.32    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CITY CT 3/26/26 BAN                                                                    | CUSIP: 9531402P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1032002.39   | 0.03%             | 2026-03-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| UT HSG CORP MULTIFAMILY REV                                                               | UT HSG MF 3.4%/VAR 2/1/2028                                                                    | CUSIP: 917434DJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510422.60   | 0.05%             | 2028-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO OHARE 2023 XF1457 D1 @                                                                 | CUSIP: 88035E5E9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1385000.00   | 0.04%             | 2053-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY 1.5% MT                                                                                | CUSIP: 542691EX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $462902.58    | 0.01%             | 2051-09-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| CUMBERLAND CNTY NC                                                                        | CUMBERLAND CNTY NC PROJECT AERO PRE MT@                                                        | CUSIP: 230589AA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17300000 | PA      | $17303636.46  | 0.52%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2029                                                                   | CUSIP: 725304YV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $301958.03    | 0.01%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL MIDWAY ARPT REV                                                                | CHICAGO MIDWAY 5% 1/1/2026 @                                                                   | CUSIP: 167562TP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705115.04    | 0.02%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5% 11/1/2025                                                                        | CUSIP: 64577BD92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351331.47    | 0.01%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRAZOS TEX HIGHER ED AUTH INCSTUDENT LN PROG REV                                          | BRAZOS TEX HIGH 5% 4/1/2029@                                                                   | CUSIP: 10623ACV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1104693.24   | 0.03%             | 2029-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASS BAY TRAN AUTH SLS TAX                                                                | MBTA SLS(MASBTE)B-TE Q=BC TECP                                                                 | CUSIP: 57559HCE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000721.00   | 0.21%             | 2025-10-10      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| SALEM KEIZER SCHOOL DIST                                                                  | MARION and POLK SD 0% 6/15/2028                                                                | CUSIP: 569203PT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $339812.26    | 0.01%             | 2028-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| NEWARK NJ                                                                                 | NEWARK NJ 5% 10/1/2027                                                                         | CUSIP: 650367PP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2310287.54   | 0.07%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD                                                                        | MONTGMRY CO MD 5% 8/1/2026                                                                     | CUSIP: 61334PEL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024517.10   | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 2.95% MT                                                                        | CUSIP: 20775DXK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005863.40   | 0.03%             | 2049-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2026                                                                   | CUSIP: 187145SD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $731353.77    | 0.02%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INTERLOCAL SCH TRANSN ASSN EQUIP LEASE REV CTFS PARTN                            | KENTUCKY INTLOC 4% 3/1/2026                                                                    | CUSIP: 491325NH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1112204.05   | 0.03%             | 2026-03-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MI HFA HOSP FAC REV                                                             | KALAMAZOO HFA H 5% 5/15/2026                                                                   | CUSIP: 483233RB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15217.72     | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% MT                                                                                  | CUSIP: 34074HGY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $607961.90    | 0.02%             | 2026-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| IDAHO HEALTH FACS AUTH REV                                                                | ID HLTH REV 5% 3/1/2032                                                                        | CUSIP: 451295B99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $557533.79    | 0.02%             | 2032-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2032                                                                         | CUSIP: 2510936N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $364069.66    | 0.01%             | 2032-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY RV                                                           | MASSACHUSET REV 5% 1/1/2027                                                                    | CUSIP: 57585BDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $518424.92    | 0.02%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COM SF MTG                                                            | MO ST HSG 4% 5/1/2050                                                                          | CUSIP: 60637BVE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45375.81     | 0.00%             | 2050-05-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2025                                                                    | CUSIP: 523470GD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1377232.31   | 0.04%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA 3.8% MT                                                                                | CUSIP: 64987JP54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $670275.57    | 0.02%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SALT LAKE CITY UT ARPT REV                                                                | SLT LAKE U 5% 7/1/2028@                                                                        | CUSIP: 795576MG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1910577.96   | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2027 @                                                                   | CUSIP: 696499FB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2192190.21   | 0.07%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | METROPOLITAN PIER and EXPOSITIONAUTH ILL DEDICATED ST TAX REV CAP APPREC-REF-MCCORMICK PJ      | CUSIP: 592247GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $886393.40    | 0.03%             | 2029-06-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026 @                                                                 | CUSIP: 592647MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1734107.89   | 0.05%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY HOSP REV                                                     | MA DEV BOSTON U(MASDFN) 25A VT                                                                 | CUSIP: 57585DAK0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000819.50   | 0.15%             | 2025-11-05      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA ATLANTIC UNIVERSITY FINANCE CORP                                                  | FLORIDA ATLANTI 5% 7/1/2029                                                                    | CUSIP: 31200CEF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $678476.38    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 7/1/2028 @                                                                    | CUSIP: 57563RSZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1859079.27   | 0.06%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA RURAL WTR FIN AUTH                                                              | MN RURAL WTR 3.30% 8/1/2026                                                                    | CUSIP: 60411PBE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2004369.40   | 0.06%             | 2026-08-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 3.3% MT                                                                        | CUSIP: 64461XKA2<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   3740000 | PA      | $3767871.60   | 0.11%             | 2038-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH MULTIFAMILY HSG REV                                              | ARIZONA ST INDL MT 5% 3/1/2058                                                                 | CUSIP: 04062PCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3074639.70   | 0.09%             | 2058-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2026                                                                              | CUSIP: 0117706B5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $860391.00    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CREEK CNTY OKLA EDL FACS AUTHEDL FACS LEASE REV                                           | CREEK OK 225472 5% 9/1/2029                                                                    | CUSIP: 225472BY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2144135.60   | 0.06%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY                                                                   | NYS HFA 3.875% MT                                                                              | CUSIP: 64987JP47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120390.62    | 0.00%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DEPT HSG and CMNTY DEV                                        | MARYLAND ST CMN 3.50% 1/1/2026                                                                 | CUSIP: 57419T3S8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2812445.03   | 0.08%             | 2026-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | MD HLTH INTEGRACE BC22-024 BC/BC DR42                                                          | CUSIP: 76252PUP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3700000.00   | 0.11%             | 2049-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 7/1/2028                                                                    | CUSIP: 84136HBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1302104.00   | 0.04%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSION TX ECONIMC DEV CORP SOLID WASTE DISP REV                                          | MISSION TX EDC 2.05/VAR MT@                                                                    | CUSIP: 605155BM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600506.00   | 0.14%             | 2026-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD HSG SINGLE FAMILY MTG                                                      | MONTANA ST 3% 6/1/2052                                                                         | CUSIP: 61212WQM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $188657.78    | 0.01%             | 2052-06-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FARMINGTON NM POLLUTION CTL                                                               | FARM N MEX PCR 0% 6/1/2040 MT                                                                  | CUSIP: 311450GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3052932.60   | 0.09%             | 2040-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTHORITY A COOPERATIVE DISTRICT                                         | SOUTHEAST EN AL 5% 1/1/2029                                                                    | CUSIP: 84136HBJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1370237.47   | 0.04%             | 2029-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5.25% 9/1/26                                                                        | CUSIP: 64577B6K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1550499.56   | 0.05%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA THIRD LIEN ARPT GENREV IAM COML PAPER NTS 3/A2 SER H-1                         | ATLANTA GA THIR TECP 2.81%                                                                     | CUSIP: 04780QAK6<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4500104.85   | 0.14%             | 2025-09-17      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2026                                                                        | CUSIP: 2837347A3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    840000 | PA      | $860734.81    | 0.03%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV                                            | CA STWD STUDENT 5% 5/15/2026                                                                   | CUSIP: 13078RFY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2532366.75   | 0.08%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COOK CNTY ILL SALES TAX REV                                                               | COOK CNY IL STR 5% 11/15/2027                                                                  | CUSIP: 213248EA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525597.65    | 0.02%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2027                                                                    | CUSIP: 64577XEU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $161801.04    | 0.00%             | 2027-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 10/1/2025                                                                             | CUSIP: 4521527N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5009275.00   | 0.15%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA STATEWIDE MFH 2023-MIZ9122 G=FHLM/MZ D1@                                                    | CUSIP: 60700HPY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6030000 | PA      | $6030000.00   | 0.18%             | 2027-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BROWARD CNTY FL SCH BRD CTFS P                                                            | BROWARD FL SD C 5% 7/1/2027                                                                    | CUSIP: 115065D35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1059107.84   | 0.03%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2027                                                                   | CUSIP: 56035DCX8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1238905.98   | 0.04%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| RENO TAHOE ARPT AUTH NV ARPT REV                                                          | RENO TAHOE ARPT 5% 7/1/2029 @                                                                  | CUSIP: 759874BT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $617906.36    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STAFFORD CNTY VA ECONOMIC DEV AUTH HOSP FACS REV                                          | STAFFORD EDA HO 5% 6/15/26                                                                     | CUSIP: 852431BA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35529.50     | 0.00%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OHIO ST HOSP RE                                                                                | CUSIP: 67756CFG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.09%             | 2049-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 2.90% 11/1/2027                                                                 | CUSIP: 6461087M6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1284958.11   | 0.04%             | 2027-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/15/2027 AMT                                                                   | CUSIP: 73358WYC2<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1132678.44   | 0.03%             | 2027-10-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust                                                          | FIMM MM Government Portfolio - Instl Cl                                                        | CUSIP: 31607A703<br>LEI: 549300SHPEJB1OPRCV46 | Long             | EC               | RF                | US        |  42891421 | NS      | $42891420.90  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| WISCONSIN HSG and EDA HSG REV                                                             | WI HSG EDA 3.875% MT                                                                           | CUSIP: 9769044P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $956494.19    | 0.03%             | 2054-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK DEV FIN AUTH .34% 8/15/2031                                                                 | CUSIP: 67884XCT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6320000 | PA      | $6320000.00   | 0.19%             | 2031-08-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PORTS AUTH                                                              | SC PORT AUTH 5% 7/1/2026@                                                                      | CUSIP: 837123JS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $188422.07    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                                | MI FIN AUTH LTD 5% 8/20/2025                                                                   | CUSIP: 59447UAC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $383342.81    | 0.01%             | 2026-08-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST DEPT TRANSN SPL TRANSN PROJ REV                                               | MARYLAND ST DEP 5% 8/1/2028@                                                                   | CUSIP: 57421FBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1539075.53   | 0.05%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARLINGTON CO VA INDL DEV AUTH MULTIFAMILY REV                                             | ARL VA MF 5% 1/1/2026                                                                          | CUSIP: 04144PDW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3975000 | PA      | $4006057.47   | 0.12%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2027 @                                                                  | CUSIP: 603827N69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4755000 | PA      | $4874630.57   | 0.15%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ECON DEV SLD WST                                                             | PA EDFA SW SIFMA+40 MT @                                                                       | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8800000 | PA      | $8790342.00   | 0.26%             | 2041-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2026@                                                                  | CUSIP: 592647EC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $148345.51    | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2026 @                                                                    | CUSIP: 646080VT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1454785.35   | 0.04%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ANDREWS CNTY TEX HOSP DIST                                                                | ANDREWS CNTY TX 5% 3/15/2026                                                                   | CUSIP: 034451BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1445731.00   | 0.04%             | 2026-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEVELAND OH ARPT SYS REV                                                                 | CLEVELAND ARPT 5% 1/1/2026 @                                                                   | CUSIP: 186352RM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $292196.32    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | LOS ANGELES MFH HOLLYWOOD and VINE APTS 2022-MIZ9089 FRE/MZ D1@                                | CUSIP: 60700HKS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4325000 | PA      | $4325000.00   | 0.13%             | 2042-04-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NY HSG 42ND and 10TH BC22-003 BC/BC DR42                                                       | CUSIP: 76252PRU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.09%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST SVC AUTH REV                                                            | SC PUB SVC 5% 12/1/2025                                                                        | CUSIP: 837151R68<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150849.81    | 0.00%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP REV                                             | TARRANT TX EDFC 5% MT                                                                          | CUSIP: 87638TJT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1543588.07   | 0.05%             | 2064-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 5% 6/15/2026                                                                         | CUSIP: 64613CCZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $912045.81    | 0.03%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                                 | SEATTLE WA HSG 1% 6/1/2026                                                                     | CUSIP: 812636ML9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1707495.41   | 0.05%             | 2026-06-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| COLUMBIA GA HSG AU MLTI FAM RV                                                            | COLUMBIA MHSG 0% 4/1/2028                                                                      | CUSIP: 199123CN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1292421.00   | 0.04%             | 2028-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| J P MORGAN EXCHANGE-TRADED FD TR                                                          | JPMorgan Ultra-Short Municipal Inc ETF                                                         | CUSIP: 46641Q654<br>LEI: 549300IQ1GP3T78IEG61 | Long             | EC               | RF                | US        |   1417846 | NS      | $72395216.76  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| KING CNTY WASH HSG AUTH HSG RE                                                            | KING CNTY WA MF 5% 1/1/2031                                                                    | CUSIP: 494759SQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $483075.63    | 0.01%             | 2031-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA SWR REV                                                                      | KING CNTY SWR 1/1/2042 MT                                                                      | CUSIP: 495290BD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4925000 | PA      | $4876987.16   | 0.15%             | 2042-01-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2029                                                                    | CUSIP: 97712JNJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $2388095.57   | 0.07%             | 2029-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.875% MT                                                                        | CUSIP: 610530FX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3513750.10   | 0.11%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MONMOUTH CNTY NJ IMPT AUTH REV                                                            | MONMOUTH CNTY NJ IMP AUTH G=MONMOUTH CO NJ 3/13/26 BAN                                         | CUSIP: 60956PS78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007014.70   | 0.03%             | 2026-03-13      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| VERMONT HSG FIN AGY                                                                       | VT HSG FIN AGY 3.50% 11/1/2026                                                                 | CUSIP: 924190G21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5110000 | PA      | $5112993.44   | 0.15%             | 2026-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2026 @                                                                 | CUSIP: 3922744T0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10250.12     | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH REV                                                                   | IN FIN REV 5% 2/1/2030                                                                         | CUSIP: 45506EMT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5460018.50   | 0.16%             | 2030-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STANTON CNTY NE INDL DEV REV                                                              | NE NUCOR 96 V7                                                                                 | CUSIP: 854743AD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.02%             | 2026-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL SPL CARE FACS FING AUTH REVS                                                | B-HAM AL SPL 5% 6/1/2026                                                                       | CUSIP: 090929GE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2503016.00   | 0.08%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AU CA BRIDGE REV                                                            | BATA CA 2.625% 4/1/2045                                                                        | CUSIP: 072024VU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $289592.06    | 0.01%             | 2045-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SOUTHCENTRAL PA GEN AUTH REV                                                              | SOUTHCENTRAL PA 5% 5/1/2026                                                                    | CUSIP: 84129NMW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $324910.05    | 0.01%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TEX AIRPORT SYS                                                                    | AUSTIN TX ARPT 5% 11/15/2025 @                                                                 | CUSIP: 052398GC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3230000 | PA      | $3244609.29   | 0.10%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MINN HEALTH CARE S                                                            | MINNEAPOLS MN 5% MT                                                                            | CUSIP: 60374VEW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6470000 | PA      | $6852353.71   | 0.21%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NY PAYROLL MOBILITY TX                                                                    | TRIBOROUGH BRID 2% MT                                                                          | CUSIP: 89602HAD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1276349.51   | 0.04%             | 2045-05-15      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE CNTY TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSGREV                         | KNOXV TN 3.1% MT                                                                               | CUSIP: 499652AT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2315000 | PA      | $2327101.43   | 0.07%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 5% 11/15/2026                                                                       | CUSIP: 213185LT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4019219.88   | 0.12%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG and FIN ASSN                                                                    | ID HFA 4% 1/1/2050                                                                             | CUSIP: 45129YN44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20198.38     | 0.00%             | 2050-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 3.7% MT                                                                        | CUSIP: 95648VBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017255.90   | 0.03%             | 2042-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 4% MT @                                                                           | CUSIP: 130536RC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900199.52   | 0.09%             | 2042-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSG                               | CHATT TN HEHA 3.8% MT                                                                          | CUSIP: 162404DR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2021546.40   | 0.06%             | 2029-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09E V7                                                                     | CUSIP: 566854ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2600000.00   | 0.08%             | 2029-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TEXAS MUNICIPAL GAS ACQUISITION and SUPPLY CORP V                                         | TEXAS MUNICIPAL 5% 1/1/2026                                                                    | CUSIP: 88256RAA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006203.70   | 0.03%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 12/1/2025                                                                   | CUSIP: 45204EBK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $432360.87    | 0.01%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE VA ECONOMIC DEV AUTH POLLUTION CTL REV                                         | CHESAPEAKE VA E 3.65% MT                                                                       | CUSIP: 16532YAD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5560000 | PA      | $5656213.02   | 0.17%             | 2032-02-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RURAL WTR FING AGY KY PUB PROJS REV                                                       | RURAL WTR FING 3.05% 5/1/2027                                                                  | CUSIP: 781741CW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000724.50   | 0.15%             | 2027-05-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY HOUSTON TX UNIV REV                                                            | UNIV HOUSTON TX SER A TECP                                                                     | CUSIP: 91430NFW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1680357.34   | 0.05%             | 2025-10-25      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NYS HFA 42ND and 10TH BC22-007 L=BC/BC DR42@                                                   | CUSIP: 76252PSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  23500000 | PA      | $23500000.00  | 0.71%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS HSG FIN AGY                                                                 | MA ST HSG FIN A 3.60% 12/1/2026                                                                | CUSIP: 57586VCM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14985000 | PA      | $15020655.31  | 0.45%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2026                                                                       | CUSIP: 735389T81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $851688.31    | 0.03%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| STATE STR INVT TR                                                                         | State Street Instl US Govt MMkt Premier                                                        | CUSIP: 857492706<br>LEI: 549300CCOK7OZZUAS108 | Long             | EC               | RF                | US        |   6769160 | NS      | $6769159.52   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MASSACHUSETTS ST HLTH and ED FAC                                                          | MASSACHUSETTS ST HEALTH and EDL FACS AUTH REV VAR-PARTNERS HLTHCARE-SER G-2 FSA                | CUSIP: 57586CZW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8815000 | PA      | $8815000.00   | 0.26%             | 2042-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | KANSAS CITY MO ARPT 2023-XM1108-MST AGM/JPMC BK D1@                                            | CUSIP: 88035FZG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4740000 | PA      | $4740000.00   | 0.14%             | 2057-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 10/1/2025                                                                    | CUSIP: 09182TCK1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2127975.00   | 0.06%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST PTY and BLDGS COMMN                                                           | KY ST PROP 132A 4/1/26                                                                         | CUSIP: 49151F4M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1395544.29   | 0.04%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| EL PASO TEX                                                                               | EL PASO TX 5% 8/15/2027                                                                        | CUSIP: 283735AB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2295000 | PA      | $2410711.38   | 0.07%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | BURKE GA PCR 3.375% MT                                                                         | CUSIP: 121342QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1389216.91   | 0.04%             | 2053-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | CHICAGO IL OHARE ARPT 2022-XM1078-MST AGM/JPMC BK D7@                                          | CUSIP: 88035ENZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13700000 | PA      | $13700000.00  | 0.41%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                                                                                 | AK ST 5% 8/1/2027                                                                              | CUSIP: 0117706C3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $488318.45    | 0.01%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 9/1/2027                                                                     | CUSIP: 13013JEC6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1144882.75   | 0.03%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 3.35% 3/1/2030                                                                           | CUSIP: 70914PM25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $959177.29    | 0.03%             | 2030-03-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| IOWA FIN AUTH SLD DISP WST REV                                                            | IA MIDAMERICAN - BRK 16B V7@                                                                   | CUSIP: 46245EAY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $4600000.00   | 0.14%             | 2046-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HEALTH and EDL FACS AUTH REVENUE                                           | CONN ST HEALTH 5% 7/1/2026                                                                     | CUSIP: 20775DNW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203035.88    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                                                                                | CHICAGO IL 5% 1/1/27                                                                           | CUSIP: 167486F87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3674530.80   | 0.11%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 8/1/2029 @                                                                     | CUSIP: 735389P51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $696779.12    | 0.02%             | 2029-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MID BAY BRIDGE AUTH                                                            | FL MID BAY BRG SR A 5% 10/1/26                                                                 | CUSIP: 342814DH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $45079.38     | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY EDA WTR FACS REV                                                               | NJ EDA WTR 0.85% 12/1/2025 @                                                                   | CUSIP: 645780FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1585934.40   | 0.05%             | 2025-12-01      | Fixed         | 0.01%                 | No            |                  2 | On Loan: No      |
| ALVIN TEX INDPT SCH DIST                                                                  | ALVIN TX ISD 5% 2/15/2029                                                                      | CUSIP: 022447Z41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $812789.25    | 0.02%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LANCASTER CNTY PA HOSP AUT REV                                                            | LANCASTER H AUT 5% 11/1/2027                                                                   | CUSIP: 514045Y31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1211106.70   | 0.04%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOM DEV AUTH REV                                                            | NJ EDA REV 5% 6/15/2026                                                                        | CUSIP: 64577BSZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3439278.90   | 0.10%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHATTANOOGA TENN HEALTH EDL and HSG FAC BRD MULTIFAMILY HSG                               | CHATT TN HEHA 3.6% MT                                                                          | CUSIP: 162404DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4090000 | PA      | $4149157.35   | 0.12%             | 2048-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TEXARKANA TEX INDPT SCH DIST                                                              | TEXAR TX 4% 2/15/2053 MT                                                                       | CUSIP: 881847VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2835000 | PA      | $2870921.72   | 0.09%             | 2053-02-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA ATLANTIC UNIVERSITY FINANCE CORP                                                  | FLORIDA ATLANTI 5% 7/1/2028                                                                    | CUSIP: 31200CEE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533354.10    | 0.02%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2026                                                                   | CUSIP: 56035DHM7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    875000 | PA      | $895481.21    | 0.03%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT SOFR*0.7+120 MT                                                                | CUSIP: 45204E2L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3905000 | PA      | $3901840.07   | 0.12%             | 2034-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISE CNTY VA INDL DEV AUTH SOLID WASTE and SEW DISP REV                                   | WISE VA IDA SW 3.125% MT                                                                       | CUSIP: 977228AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250170.10    | 0.01%             | 2040-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2026                                                                    | CUSIP: 56035DJL7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    700000 | PA      | $710241.56    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2026                                                                   | CUSIP: 56035DDT6<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    245000 | PA      | $247761.47    | 0.01%             | 2026-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST GAS and FUEL TAX RV                                                          | LA GAS and FUEL SOFR+50 5/1/2043 MT                                                            | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3845000 | PA      | $3836697.88   | 0.12%             | 2043-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NJ ST HSG and MTG FIN AGY MFR                                                             | NJ ST HMFA MF1 3.375% 11/1/2027                                                                | CUSIP: 6461084M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2268878.63   | 0.07%             | 2027-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| OHIO ST HOSP REV                                                                          | OHIO ST HOSP RE 2.75% 1/1/2052 MT                                                              | CUSIP: 67756CFW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $707638.90    | 0.02%             | 2052-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2027@                                                                     | CUSIP: 646080XU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2806334.10   | 0.08%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TEX HSG FIN CORP MULTIFAMILY HSG REV                                            | ARLINGTON TEX 3.50% 11/1/2043 MT                                                               | CUSIP: 041818AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001624.50   | 0.15%             | 2043-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 8/1/2027                                                                     | CUSIP: 97712JHF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5675000 | PA      | $5763124.24   | 0.17%             | 2027-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.80% 7/1/2026                                                                   | CUSIP: 64469MQL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1011794.06   | 0.03%             | 2026-07-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                          | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065496.30   | 0.03%             | 2054-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ARLINGTON TEX H 2021 MS0002 D7                                                                 | CUSIP: 88034YXG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12570000 | PA      | $12570000.00  | 0.38%             | 2056-06-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | CA MHG FIDDIMENT AFFORDABLE 2024-MIZ9162 MZ/MZ D35                                             | CUSIP: 60700HVA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515000.00    | 0.02%             | 2062-12-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% MT                                                                          | CUSIP: 56035DGT3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    310000 | PA      | $331084.00    | 0.01%             | 2054-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.625% 4/1/2026                                                                  | CUSIP: 64469MRK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215524.92    | 0.01%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 0.625% 12/1/2038 MT                                                            | CUSIP: 95648VBH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1983986.60   | 0.06%             | 2038-12-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| RACINE WIS                                                                                | RACINE WIS 2% 12/1/2033                                                                        | CUSIP: 750022HG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $208522.13    | 0.01%             | 2033-12-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| RALEIGH DURHAM NC ARPT AUTH ARPT REV                                                      | RALEIGH NC ARPT 5% 5/1/2027 @                                                                  | CUSIP: 751073LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $134663.18    | 0.00%             | 2027-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | NM HAVERLAND CARTER BC22-034 BC/BC D42                                                         | CUSIP: 76252PWP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1825000.00   | 0.05%             | 2042-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METRO NASHVLL ARPT TN                                                                     | MET NASH AIR TN 5% 7/1/2026 @                                                                  | CUSIP: 592190NR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1725662.21   | 0.05%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INFIRMARY HLTH SYS SPL CARE                                                               | INF HLTH SYS 5% 2/1/2026                                                                       | CUSIP: 45663NBN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $503497.30    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 2% 12/1/2044 AMT                                                                  | CUSIP: 13048RAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000871.50   | 0.09%             | 2044-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BELLEVILLE NJ TAN                                                                         | BELLEVILLE TWP ESSEX CNTY NJ 7/7/26 BAN                                                        | CUSIP: 079098GJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8100000 | PA      | $8164484.10   | 0.25%             | 2026-07-07      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 5/15/2027                                                                   | CUSIP: 45204ELT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $142098.49    | 0.00%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN HEALTH and EDL FACS AUTH HEALTH FACS REV                                        | WI HLTH and EDL 5% 12/1/2026                                                                   | CUSIP: 97670FBB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2176848.53   | 0.07%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ IDA REV                                                                  | MARICOPA IDA 5% MT                                                                             | CUSIP: 56682HDV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2120000 | PA      | $2229485.70   | 0.07%             | 2053-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX HOTEL OCC TX and SPL RV                                                        | HOUSTON TX HOTS 4% 9/1/2026                                                                    | CUSIP: 44237NLJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $279285.71    | 0.01%             | 2026-09-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SACRAMENTO CNTY CA ARPT SYS RV                                                            | SAC CNTY ARPT 5% 7/1/2029 @                                                                    | CUSIP: 786107WJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1181757.50   | 0.04%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 10/1/2026 MT                                                                 | CUSIP: 593344BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2448712.24   | 0.07%             | 2026-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DECATUR GA HSG AUTH MULTIFAMILY HSG REV                                                   | DECATUR GA HSG 3.6% 8/1/2028 MT                                                                | CUSIP: 24311PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1244431.69   | 0.04%             | 2028-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARIZONA INDL DEV AUTH HOSP REV                                                            | ARIZONA INDL DL 5% 2/1/2026                                                                    | CUSIP: 04052EAG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $757513.73    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TEXAS ST AFFORDABLE HSG CORP MULTIFAMILY HSG REV                                          | TX AHC MF 3.625% MT                                                                            | CUSIP: 88271FFR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1132382.05   | 0.03%             | 2045-01-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ARGYLE TX INDPT SCH DIST                                                                  | ARGYLE TX ISD 4% MT                                                                            | CUSIP: 040319X34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2340587.47   | 0.07%             | 2057-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| Fidelity Revere Street Trust                                                              | Fidelity Municipal Cash Central Fund                                                           | CUSIP: 31635A204<br>LEI: 549300BDV45LJNXBZC55 | Long             | STIV             | RF                | US        |  25667945 | NS      | $25673078.17  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FORT WAYNE IN REDEV AUTH LEASE RENT REV                                                   | FT WAYNE IN RDA 4% 8/1/2026                                                                    | CUSIP: 349288HP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    895000 | PA      | $907837.70    | 0.03%             | 2026-08-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST EDL FACS AUTH REV                                                           | NEW JERSEY ST E 5% 9/1/2027                                                                    | CUSIP: 646067ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419595.88    | 0.01%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| YONKERS NY                                                                                | YONKERS NY 5% 2/15/2026                                                                        | CUSIP: 986082F91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $404683.32    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA CO OK IDS 89 OKLA CTY                                                            | OKLAHOMA CTY OK 3% 7/1/2026                                                                    | CUSIP: 678841LL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5990000 | PA      | $6015260.43   | 0.18%             | 2026-07-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| GARLAND TEX ELEC UTIL SYS REV                                                             | GARLAND TX E and U 5% 3/1/2028                                                                 | CUSIP: 366133TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1485130.64   | 0.04%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SCIOTO CNTY OH HSP FACS REV                                                               | SCIOTO OH HSP 5% 2/15/2029                                                                     | CUSIP: 808878HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413536.88    | 0.01%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DC HSG MF 5% 3/1/2028                                                                          | CUSIP: 25477PQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1077161.33   | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | SAN JOSE CA MF HSG 2025-CF7005 CI/CI D7                                                        | CUSIP: 88035JNX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1991484 | PA      | $1991484.00   | 0.06%             | 2048-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NH NATL FIN AUTH UNIV HOSP HOME CARE 2024-MS0023 MO DT                                         | CUSIP: 88035HM37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4170000 | PA      | $4170000.00   | 0.13%             | 2030-12-15      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| CAPE GIRARDEAU CNTY MO INDL DEV AUTH HEALTH CARE FACS REV                                 | CPE GIRARDEAU 5% 3/1/26                                                                        | CUSIP: 139404GL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20226.62     | 0.00%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                              | MILWAUKEE 2% 3/1/2027                                                                          | CUSIP: 602366VT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1610000 | PA      | $1590549.59   | 0.05%             | 2027-03-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/26@                                                                         | CUSIP: 73358WR63<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1233031.55   | 0.04%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | MIAMI-DADE CNTY FL MFH SUPERIOR MANOR APTS 2022-MIZ9087 MZ/MZ D35                              | CUSIP: 60700HKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $920000.00    | 0.03%             | 2061-11-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 3/1/2050                                                                    | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   4055000 | PA      | $4078072.54   | 0.12%             | 2050-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| TAMPA FL HOSP REV                                                                         | TAMPA FL HOSP 5% 7/1/2027                                                                      | CUSIP: 875161CN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156065.06    | 0.00%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLEMSON UNIV S C HIGHER ED REV                                                            | CLEMSON UNIV SC 5% 5/1/2028                                                                    | CUSIP: 185630C73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $464348.49    | 0.01%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CASTAIC LAKE WTR AGY CA CTFS                                                              | CASTAIC LK WTR 0% 8/1/2028                                                                     | CUSIP: 14837KBA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $210052.08    | 0.01%             | 2028-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CLEMSON UNIV S C HIGHER ED REV                                                            | CLEMSON UNIV SC 5% 5/1/2029                                                                    | CUSIP: 185630C81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $517776.13    | 0.02%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSN TR FD AUT                                                            | NJ TRANSP 0% 12/15/27                                                                          | CUSIP: 646136XE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $136212.03    | 0.00%             | 2027-12-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH HSG RE                                                            | KING CNTY WA MF 5% 1/1/2032                                                                    | CUSIP: 494759SS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $525496.38    | 0.02%             | 2032-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| IDAHO HSG and FIN ASSN MULTIFAMILY HSG REV                                                | ID HSG and FIN AMHR 3.35% 6/10/2050 MT                                                         | CUSIP: 45129XBE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2518376.50   | 0.08%             | 2050-06-10      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL                                                                              | COOK CY IL 4% 11/15/2025                                                                       | CUSIP: 213185MC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $466359.20    | 0.01%             | 2025-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAVEN CT                                                                              | NEW_HAVEN CT 5% 8/1/2028                                                                       | CUSIP: 645021DL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $758994.69    | 0.02%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SPENCER EAST BROOKFIELD MASS R                                                            | SPENCER EAST BR 3.75% 12/18/2025                                                               | CUSIP: 847881EH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5010413.00   | 0.15%             | 2025-12-18      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CA PUB PWR AUTH                                                                  | SOUTHERN CA PUB 5% 9/1/2029                                                                    | CUSIP: 84247PNB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $691671.31    | 0.02%             | 2029-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND ST STUDENT LN                                                                | RI STUD LN 5% 12/1/2028 @                                                                      | CUSIP: 762315RA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $513557.83    | 0.02%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2027 @                                                                 | CUSIP: 114894YC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1306682.25   | 0.04%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RENO TAHOE ARPT AUTH NV ARPT REV                                                          | RENO TAHOE ARPT 5% 7/1/2027 @                                                                  | CUSIP: 759874BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $206816.64    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                          | PA THO JFFRSN U 18D RFLOAT V7                                                                  | CUSIP: 613603ZL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6700000 | PA      | $6700000.00   | 0.20%             | 2050-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY INST TECHNOLOGY                                                                | NEW JERSEY INST 5% 7/1/2029                                                                    | CUSIP: 64579RDM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $632488.78    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GUAM POWER AUTH.                                                                          | GUAM POWER AUTH 5% 10/1/2025 Q                                                                 | CUSIP: 400653JQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $871318.05    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TRIBOROUGH BRDG and TUNL NY RETT                                                          | TRIBOROUGH BRID 5% 12/1/2027                                                                   | CUSIP: 896032AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118097.00   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 3.73% MT                                                                       | CUSIP: 64972E4L0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005030.00   | 0.03%             | 2063-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH N H SOLID WASTE DISP REV                                                | NATIONAL FN AT 2.15% MT@                                                                       | CUSIP: 63608RAF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2100375.27   | 0.06%             | 2033-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| HEALTH CARE AUTH FOR BAPT HLTH ALA                                                        | HLTH BAPTIST AL 5% 11/15/2025                                                                  | CUSIP: 42219UBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1294954.89   | 0.04%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HAMILTON CNTY OH SWR SYS REV                                                              | HAMILTON OH SWR 5% 12/1/2025                                                                   | CUSIP: 407288H28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $704220.79    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AZ MFH SAFFORD PRJ 2023-XF3174-AMR MZ/MZ D7                                                    | CUSIP: 88035GT24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4815000 | PA      | $4815000.00   | 0.14%             | 2041-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | AL SE ENERGY G=MO 2022-XM1062-ALL Q=MO D7                                                      | CUSIP: 88035DX26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2053-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| KENT MI HOSP FIN AUTH                                                                     | KENT MI HOSP SPECTRUM HLTH 15A OT WIN                                                          | CUSIP: 490580EG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $965000.00    | 0.03%             | 2047-01-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPOSITION AUTH ILL DEDICATED ST TAX REV                            | MET PIER and EXPO 5% 12/15/2028                                                                | CUSIP: 592250FH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042878.80   | 0.03%             | 2028-12-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                              | AZ HLTH REV 0% 1/1/2046 MT                                                                     | CUSIP: 040507QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395073.67    | 0.01%             | 2046-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVS NONST SUPPORTED DEBT                                           | NEW YORK DORM 5% 7/1/2027                                                                      | CUSIP: 65000BKX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519761.70    | 0.02%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 12/1/2025                                                                   | CUSIP: 56035DJA1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2611923.86   | 0.08%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BREVARD CNTY FL HEALTH FAC                                                                | BREVARD CNTY FL 5% 4/1/2026 Q                                                                  | CUSIP: 107416QR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $293694.28    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2029                                                                    | CUSIP: 93978HB79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2270434.06   | 0.07%             | 2029-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHATANOOGA TN HEALTH ED and HSG FAC BRD REV                                               | CHTNOOGA TN COMNSPIRIT HLTH V7                                                                 | CUSIP: 162410CB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5200000.00   | 0.16%             | 2039-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COMMN TPK                                                             | PA TPK 5% 6/1/2029                                                                             | CUSIP: 709224XD6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    690000 | PA      | $719387.17    | 0.02%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 6% 5/1/2026                                                                              | CUSIP: 452152W72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $899319.08    | 0.03%             | 2026-05-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| MASSAPEQUA NY UN FREE SCH DIST                                                            | MASSAPEQUA UFSD 2% 10/1/2031                                                                   | CUSIP: 576097MK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $476185.39    | 0.01%             | 2031-10-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2030@                                                                   | CUSIP: 717817YK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $384875.49    | 0.01%             | 2030-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                                | LOUIS/JEFF HLTH 5% 10/1/2027                                                                   | CUSIP: 54659LCK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1781635.53   | 0.05%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ORLANDO HLTH FL 2025-XM1222-LA Q=WF D7                                                         | CUSIP: 88035MWQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.05%             | 2056-10-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2028                                                                    | CUSIP: 762197S77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $372312.26    | 0.01%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY                                                                  | MINNESOTA ST HS 5.75% 7/1/2053                                                                 | CUSIP: 60416TQ68<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    110000 | PA      | $117802.56    | 0.00%             | 2053-07-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DV AU RV                                                            | CA STWD .33% 07/01/2041                                                                        | CUSIP: 130795DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5475000 | PA      | $5475000.00   | 0.16%             | 2041-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| APPLING CNTY GA DEV AUTH PCR                                                              | GA OGLETHORPE PWR HATCH 13A V7                                                                 | CUSIP: 038315EX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15490000 | PA      | $15490000.00  | 0.47%             | 2038-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PORT ARTHUR NAV DIST TX ENVIR VAR-REF-MOTIVA ENTERPRISES PJ ***AMT***                          | CUSIP: 735220AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  39015000 | PA      | $39015000.00  | 1.17%             | 2027-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DV AU RV                                                            | CA STWD 5% 10/1/2028                                                                           | CUSIP: 13080S2U7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10709795.00  | 0.32%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2027                                                                    | CUSIP: 59261AJM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1101785.85   | 0.03%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA VA REDV and HSG AU MFH                                                         | ALEXANDRIA MFH 3.4% MT                                                                         | CUSIP: 015330FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4004489.20   | 0.12%             | 2054-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL ED FACS FIN CORP REV                                              | HARRIS TX CED 5% MT                                                                            | CUSIP: 414009MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1516697.07   | 0.05%             | 2049-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| UTAH CNTY UTAH HOSP REV                                                                   | UT CNTY UT HOSP 5% MT                                                                          | CUSIP: 917393DF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2430000 | PA      | $2475551.57   | 0.07%             | 2060-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ HGR ED STUD LOAN 25-2 MT@                                                                   | CUSIP: 646080YZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2026053.20   | 0.06%             | 2056-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA HEALTH CARE FACS REV                                                     | JCKSNVL FL BAPTIST HLTH 19D V7                                                                 | CUSIP: 469400DZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180000.00    | 0.01%             | 2036-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| RAILSPLITTER TOB SETTLEMENT AUTH ILL TOB SETTLEMENT REV                                   | RAILSPLITTER IL 5% 6/1/26                                                                      | CUSIP: 75076PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $957984.46    | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 7/1/2027                                                                    | CUSIP: 74440DEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $592710.46    | 0.02%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN AFFORDABLE PFC INC TEXMULTIFAMILY HSG REV                                          | AUSTIN AFFORDAB 5% MT                                                                          | CUSIP: 05217TAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1097297.04   | 0.03%             | 2028-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3.45% G=PSF 8/1/2054 MT                                                         | CUSIP: 66702RK92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8715000 | PA      | $8797845.66   | 0.26%             | 2054-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH MFREV                                                            | MI HDA MF 3.8% MT                                                                              | CUSIP: 594650UL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2006781.80   | 0.06%             | 2041-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 12/1/2025                                                                             | CUSIP: 452152S44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $714062.69    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AMERICAN MUN PWR REV                                                                      | AMERICAN MUN OH 5% 2/15/2027                                                                   | CUSIP: 02765USZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $717403.33    | 0.02%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV                                               | NYC TFA (PIT) 5% 11/1/2027                                                                     | CUSIP: 64971XZA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $818468.43    | 0.02%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY COLO ENTERPRISE SYS                                                            | UNIVERSITY COL CO 2% MT                                                                        | CUSIP: 91417NCZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1357951.02   | 0.04%             | 2051-06-01      | Variable      | 0.02%                 | No            |                  2 | On Loan: No      |
| CITY HSG DEV CORPMULTIFAMILY HSG REV                                                      | CITY HSG DEV CO 3.7% MT                                                                        | CUSIP: 64972E4M8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6010407.00   | 0.18%             | 2063-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LONG ISLAND PWR AUTH NY ELEC                                                              | LIPA NY 9/1/2055 MT                                                                            | CUSIP: 542691LD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1935000 | PA      | $1935000.00   | 0.06%             | 2055-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY CONNECTICUT                                                                    | UCONN(STATE DS) 5% 11/1/2025                                                                   | CUSIP: 914233V99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $225912.47    | 0.01%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | ANCHORAGE AK PORT REV 2025-XF3381-INV E-AGC/Q=WF D7@                                           | CUSIP: 88035PJP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2740000 | PA      | $2740000.00   | 0.08%             | 2050-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2027 @                                                                 | CUSIP: 54714CBT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $433913.79    | 0.01%             | 2027-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 7/1/2026                                                                            | CUSIP: 62620HGT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $316380.08    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND HEALTH and HIGHER EDUCATIONAL FACILITIES AUTHORITY                               | MARYLAND HEALTH 5% 7/1/2027                                                                    | CUSIP: 57421CEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1409257.30   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA DEV AUTH PCR                                                               | MONROE GA PCR 3.875% MT                                                                        | CUSIP: 610530FV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254910.75   | 0.04%             | 2042-06-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | OK MFH DUNCAN PL 2022-MIZ9103 MZ/MZ D35                                                        | CUSIP: 60700HNB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1282736 | PA      | $1282736.00   | 0.04%             | 2062-08-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| PORT PORT ARTHUR TX NAV DIST E                                                            | PRT ARTHR TX MTVA10D Q=SELF V7                                                                 | CUSIP: 735220AX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1800000.00   | 0.05%             | 2040-11-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTHSIDE TX INDPT SCH DIST                                                               | NTHSIDE TX ISD 3% MT                                                                           | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5135000 | PA      | $5137333.86   | 0.15%             | 2053-08-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | BUFORD GA MF HSG AUTH 2023-XF3118-AMR MZ/MZ D7                                                 | CUSIP: 88035FN48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600000.00   | 0.05%             | 2041-03-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2028                                                                   | CUSIP: 725304YU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $294496.62    | 0.01%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHLANDS CNTY FL HLTH FACS AU                                                            | HIGHLANDS CNTY FLA HEALTH ADVENTIST HLTH SYS-A-1                                               | CUSIP: 431022KF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8300000 | PA      | $8300000.00   | 0.25%             | 2033-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH REV                                                                     | IL FIN 5% 11/15/25                                                                             | CUSIP: 45203H4T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $170587.38    | 0.01%             | 2025-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP HOSP REV                                        | TARRANT EFFC HO 5% MT                                                                          | CUSIP: 87638QSF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12995000 | PA      | $13127946.65  | 0.39%             | 2052-11-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2028 @                                                                     | CUSIP: 5444452H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6515000 | PA      | $6899739.42   | 0.21%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CENTRAL TX REGL MOBILITY AUTH REV                                                         | CTR TX RMA 5% 1/1/2026                                                                         | CUSIP: 155498HJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125933.36    | 0.00%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2027                                                                   | CUSIP: 187145SX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $355945.93    | 0.01%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 9/1/2028                                                                    | CUSIP: 56035DGL0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    900000 | PA      | $950911.65    | 0.03%             | 2028-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FORT BEND TX INDPT SCH DIST                                                               | FT BEND TX ISD 0.72% MT                                                                        | CUSIP: 346843SZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2030000 | PA      | $1978999.30   | 0.06%             | 2051-08-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| MILWAUKEE WI                                                                              | MILWAUKEE 5% 4/1/2028                                                                          | CUSIP: 602366W28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1690000 | PA      | $1789492.33   | 0.05%             | 2028-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2027                                                                    | CUSIP: 469487TC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $58016.37     | 0.00%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HALIFAX CNTY VA INDL DEV AUTH POLLUTION CTL REV VRDO IAM COML PAPER 3/A2 SER 1992         | HALIFAX CNTY VA 3.8% MT                                                                        | CUSIP: 40579PAE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1032099.91   | 0.03%             | 2041-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 1/1/2027                                                                            | CUSIP: 62620HJE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548268.35   | 0.05%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPPLY REV                                            | KENTUCKY INC KY 5% 7/1/2026                                                                    | CUSIP: 74440DEF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507177.50    | 0.02%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 2/15/2027                                                                    | CUSIP: 97712JKD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $817346.09    | 0.02%             | 2027-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA HSG FIN AGY SINGLE FAMILY MTG REV                                                | OK HSG FIN AGY 6% 3/1/2054                                                                     | CUSIP: 67886MA25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55013.75     | 0.00%             | 2054-03-01      | Fixed         | 0.06%                 | No            |                  2 | On Loan: No      |
| SOUTH DAKOTA ST HLTH and EDL FAC                                                          | SD HLTH 5% MT                                                                                  | CUSIP: 83755VW75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $921874.94    | 0.03%             | 2052-11-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTHRV                                                                       | ILLINOIS FN RV 5% 10/1/2025                                                                    | CUSIP: 45204FQS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $260229.50    | 0.01%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 10/1/2028 @                                                                    | CUSIP: 7353893K2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2056454.57   | 0.06%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2026@                                                                   | CUSIP: 64763HGV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $216606.82    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TOHOPEKALIGA WTR AUTH FL UTIL SYS REV                                                     | TOHOPEK WTR AU 5% 10/1/2025                                                                    | CUSIP: 88906RFC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2504522.25   | 0.08%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX ARPT SYS REV                                                                   | HOUSTON TX ARPT 5% 7/1/2028 @                                                                  | CUSIP: 442349GD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4238997.20   | 0.13%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2032                                                                    | CUSIP: 762197T35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $517197.55    | 0.02%             | 2032-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MICHIGAN FINANCE AUTHORITY                                                                | MI FIN AUTH 25A1 7/20/26 RAN                                                                   | CUSIP: 59447UAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9685000 | PA      | $9876091.83   | 0.30%             | 2026-07-20      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2027 @                                                                 | CUSIP: 392274P91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512078.85    | 0.02%             | 2027-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2025 @                                                                 | CUSIP: 54714CAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003472.60   | 0.03%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2028                                                                         | CUSIP: 2510936J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $682278.09    | 0.02%             | 2028-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ALA GAS SUPPLY DISTGAS SUPPLY REV                                               | SOUTHEAST ALA 5% 4/1/2026                                                                      | CUSIP: 84131TAT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1516140.15   | 0.05%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026 @                                                                     | CUSIP: 544445W54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $447932.85    | 0.01%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY MN                                                                             | UNIV MN(UMINNH)H Q=SELF TECP                                                                   | CUSIP: 91447RCC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1600199.84   | 0.05%             | 2025-09-18      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| ALLEG CNTY PA DEV AUTH                                                                    | ALLGNY CNTY HDA 0% 11/15/2047                                                                  | CUSIP: 01728A5V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3959298.80   | 0.12%             | 2047-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                                             | MONROE NY IDC 5% 12/1/2028                                                                     | CUSIP: 61075TWB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063377.10   | 0.03%             | 2028-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ED LN AUTH ED LN                                                            | MA ED LN AUTH 5% 1/1/2026 @                                                                    | CUSIP: 57563RLK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7012943.00   | 0.21%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP REV                                                             | MD EDC 5% 6/1/2026                                                                             | CUSIP: 574205GT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $608100.54    | 0.02%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 5% 6/1/2030                                                                    | CUSIP: 56035DJU7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    250000 | PA      | $268859.45    | 0.01%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS FIN AUTH RV                                                                      | ILLINOIS FIN AT 5% 5/15/2026                                                                   | CUSIP: 45204ELS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20245.52     | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 11/1/2026                                                                    | CUSIP: 64577XDL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1131294.12   | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CUYAHOGA OHIO MET HSG AUTH MULTIFAMILY HSG REV                                            | CUYAHOGA OHI 0% 2/1/2028                                                                       | CUSIP: 23239TAF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4481704.48   | 0.13%             | 2028-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 9/1/2027                                                                              | CUSIP: 70914P2A9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051101.50   | 0.03%             | 2027-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HEALTH CARE FACS AUTH REV                                                   | WA ST HLTH CAR 5% 8/15/2026                                                                    | CUSIP: 93978HB46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5045000 | PA      | $5149359.36   | 0.15%             | 2026-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 10/1/2025 AMT                                                                    | CUSIP: 73358WZY3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1066842.77   | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 5/1/2026 @                                                                     | CUSIP: 735389C55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $461528.66    | 0.01%             | 2026-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISA VA                                                                                 | LOUISA VA IDA 3.65% MT                                                                         | CUSIP: 546068AX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4018352.78   | 0.12%             | 2035-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WESTFIELD WASHINGTON IND MULTI                                                            | WSTFLD WA SCH 5% 7/15/2028                                                                     | CUSIP: 96023PNL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1254039.20   | 0.04%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO PLANNED INDL EXPANSION AUTH MULTIFAMILY HSG REV                            | KANSAS CITY MSR 5% MT                                                                          | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1295544.85   | 0.04%             | 2045-07-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DELAWARE OH                                                                               | DELAWARE OH 4.125% 4/16/2026                                                                   | CUSIP: 246181UQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3526195.05   | 0.11%             | 2026-04-16      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA PCF SOLID WST DISP                                                             | CAL PCR SWDR 4.25% 7/1/2043 MT @                                                               | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5099734.29   | 0.15%             | 2043-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO CNTY CA REG ARPT AUTH ARPT REV                                                  | SAN DIEGO ARPT 5% 7/1/2029 @                                                                   | CUSIP: 79739GSL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1810555.49   | 0.05%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GEORGIA MUN ELEC AUTH PWR REV                                                             | GA MEAG 5% 11/1/2026                                                                           | CUSIP: 6262076H2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $894252.38    | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2028                                                                             | CUSIP: 64966SFR2<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2891305.26   | 0.09%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | NY MTA TRANSP 2022-XF1321-LA Q=JPMC BK D7                                                      | CUSIP: 88035AUM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1595000.00   | 0.05%             | 2055-11-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2032 @                                                                 | CUSIP: 392274Q58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512078.85    | 0.02%             | 2032-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 12/1/2025 @                                                                   | CUSIP: 650116DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3064204.46   | 0.09%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURLINGTON KANS ENVR IMPRV REV                                                            | BRLNGTN KS EVERGY METRO 07A V7                                                                 | CUSIP: 121822AY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5000000.00   | 0.15%             | 2035-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST ENERGY RDA PCR                                                                | NY ST ENERGY RESH and DEV AUTH POLLN CTL REV ADJ-REF-KEYSPAN GENERATION-A/AMBAC                | CUSIP: 649845FA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300000.00    | 0.01%             | 2028-10-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW ORLEANS LA AVIATION BOARD                                                             | N ORLEANS AVIAT 5% 1/1/2027@                                                                   | CUSIP: 64763HLY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1470321.85   | 0.04%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW CANEY TX INDPT SCH DIST NEW                                                           | NEW CANEY TX NE 5% 2/15/2029                                                                   | CUSIP: 643154LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1518173.72   | 0.05%             | 2029-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ POLLUTION CTL                                                            | MARICOPA AZ PUB SVC 09D V7                                                                     | CUSIP: 566854ES0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3300000.00   | 0.10%             | 2029-05-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| CHESTERFLD                                                                                | CHESTRFLD CO VA 3% 1/1/2026                                                                    | CUSIP: 1663934Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001181.50   | 0.15%             | 2026-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG                                                              | CT SPEC TAX 5% 10/1/2031                                                                       | CUSIP: 207758YF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532058.85    | 0.02%             | 2031-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 7/15/2028                                                                   | CUSIP: 45527CDG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $295315.57    | 0.01%             | 2028-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MET AIRPORT COMMIS                                                            | MN MAC PORT REV 5% 1/1/2026                                                                    | CUSIP: 603827F92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    380000 | PA      | $383156.43    | 0.01%             | 2026-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CAPITAL AREA HSG FIN CORP TEX MULTI FAMILY HSG REV                                        | CAP AREA HFC TX 3.125% MT                                                                      | CUSIP: 139726CZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2686027.83   | 0.08%             | 2029-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY WASH UNIV REVS                                                                 | UNIV WASHINGTON 5% 4/1/2026 PRE                                                                | CUSIP: 91523NZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $263841.76    | 0.01%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| VALLEY STREAM N Y                                                                         | VALLEY STREM NY 5.125% 5/8/2026                                                                | CUSIP: 920100X58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3018743.70   | 0.09%             | 2026-05-08      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2027                                                                   | CUSIP: 64579XEN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    585000 | PA      | $614302.71    | 0.02%             | 2027-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL OHARE INTL ARPT REV                                                            | CHICAGO OHARE 5% 1/1/2027 @                                                                    | CUSIP: 1675935K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7724399.25   | 0.23%             | 2027-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT SEATTLE WA REV                                                                       | PORT SEATTLE 5% 4/1/2027 @                                                                     | CUSIP: 735389G51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $517424.35    | 0.02%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HSG DEV COM SF MTG                                                            | MO ST HSG 3.25% 11/1/2052                                                                      | CUSIP: 60637BN30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $84899.50     | 0.00%             | 2052-11-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NY MTA DEDICATED TAX FUND                                                                 | NY MTA DED 5% 11/15/2026                                                                       | CUSIP: 59259N2T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1088681.61   | 0.03%             | 2026-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SEATTLE WASH HSG AUTH REV                                                                 | SEATTLE WA HSG 5% 6/1/2027                                                                     | CUSIP: 812636PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $663171.15    | 0.02%             | 2027-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHAMPAIGN CNTY ILL CMNTY UNIT SCH DIST NO 004                                             | CHAMPAIGN IL CM 0% 1/1/2026                                                                    | CUSIP: 158249MJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $791196.48    | 0.02%             | 2026-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COBB CNTY GA KENNESTONE HOSP                                                              | GA WELLSTAR HLTH 25A L=BA V7                                                                   | CUSIP: 190813TK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15100000 | PA      | $15100000.00  | 0.45%             | 2047-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 6/15/2026                                                                    | CUSIP: 64577XET9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2007519.83   | 0.06%             | 2026-06-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN RESDTL FIN AUTH MF HSG REV                                               | ATLANTA GA URBAN RESDTL FIN 3.4% MT                                                            | CUSIP: 04785VBX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2536913.00   | 0.08%             | 2029-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA                                                                            | LOS ANGELES CITY CA 6/25/26 TRAN                                                               | CUSIP: 544351SF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9216814.50   | 0.28%             | 2026-06-25      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5% 10/1/2026 @                                                                 | CUSIP: 114894YB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023180.10   | 0.03%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOVE FIELD TX ARPT MOD REV                                                                | LOVE FLD MOD TX 5% 11/1/2026 @                                                                 | CUSIP: 54714CBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $414879.29    | 0.01%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DV AU RV                                                            | CA STWD 5% 7/1/2040                                                                            | CUSIP: 130795DK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8275000 | PA      | $8275000.00   | 0.25%             | 2040-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN PWR AGY REV                                                                | FL MUNI PWR 5% 10/1/2028                                                                       | CUSIP: 342816J22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1442291.93   | 0.04%             | 2028-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVERSITY OF TEXAS UNIV REVS                                                             | UTX RFS(UNITEX)A UQ=UTX TECP1                                                                  | CUSIP: 91514YJE4<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000200.00   | 0.03%             | 2026-02-05      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| TRIMBLE CNTY KY ENVIRONMENTAL FACS REV                                                    | TRIMBLE CNTY KY 0% 6/1/2054 @                                                                  | CUSIP: 896221AE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8980000 | PA      | $9093770.31   | 0.27%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST ALAGAS PROJ REV                                                | BLACK BELT ENE 5% 6/1/2026                                                                     | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1155238.61   | 0.03%             | 2026-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BALTIMORE MD PROJ REV                                                                     | BALT MD WTR 5% 7/1/2029                                                                        | CUSIP: 05922KZG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $777723.69    | 0.02%             | 2029-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO HSG FIN AGY MF HSG REV                                                               | OH HFA MF 3.35% MT                                                                             | CUSIP: 676900XU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4039692.80   | 0.12%             | 2043-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX ELEC and GAS REV                                                           | SAN ANTONIO E and G 5% 2/1/2026                                                                | CUSIP: 79625GED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $550573.17    | 0.02%             | 2026-02-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRISTOL-WARREN RI REGL SCH DIS                                                            | BRISTOL-WAR RI 5% 06/04/26 BAN                                                                 | CUSIP: 110377DP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5082891.50   | 0.15%             | 2026-06-04      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST                                                                             | CA ST 5% 3/1/2028                                                                              | CUSIP: 13063EMP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65121.28     | 0.00%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUDSON MA                                                                                 | HUDSON TWN MA 6/11/26 BAN                                                                      | CUSIP: 443852XA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1312236.12   | 0.04%             | 2026-06-11      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WYOMING CMNTY DEV AUTH HSG RE                                                             | WYOMING CMNTY 3.50% 6/1/2052                                                                   | CUSIP: 98322QB22<br>LEI: 549300UQ62NB8FGTHW65 | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1045743.40   | 0.03%             | 2052-06-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| YONKERS NY                                                                                | YONKERS NY 5% 2/15/2026                                                                        | CUSIP: 986082H73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $323892.06    | 0.01%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI DEV BK SPL OBL                                                                | MISSISSIPPI DEO 5% 6/1/2029                                                                    | CUSIP: 60534XR40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $188635.98    | 0.01%             | 2029-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST PWR AUTH IAM COML PAPER 3/A2                                                  | NYS PWR (NYPI)1 TECP                                                                           | CUSIP: 64989MK27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2472000 | PA      | $2472065.76   | 0.07%             | 2025-09-09      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST MUN PWR AGY REV                                                                | FL MUNI PWR 5% 10/1/2026                                                                       | CUSIP: 342816S71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $308246.58    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV FOR ISSUES DATED PRIOR TO 12/20/2017 SEE 7 | PENNSYLVANIA H7 5% 10/1/2026                                                                   | CUSIP: 70879QPG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $287381.19    | 0.01%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BARTOW CNTY GA DEV AUTH SOLIDWASTE DISP FAC REV                                           | GA PWR - SOUTHERN CO 22-1 V1@                                                                  | CUSIP: 06964KAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200000.00    | 0.01%             | 2062-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOCAL GOVERNMENT FINANCE COMMISSION                                               | FL GOVT(FLGFPA)11A1 L=JP TECP                                                                  | CUSIP: 34077XFH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2306000 | PA      | $2306047.50   | 0.07%             | 2025-09-02      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                                    | CUSIP: 646080VK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $703624.53    | 0.02%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BURKE CNTY GA DEV AUTH PCR                                                                | GA PWR - SOUTHERN CO 09-1 V1                                                                   | CUSIP: 121342MW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700000.00    | 0.02%             | 2049-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACS AUTH REV                                                 | WISCONSIN ST HT 5% 12/1/2025                                                                   | CUSIP: 97712DW77<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125614.45    | 0.00%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA JOBS EDA HOSP                                                              | SC JOB EDA HOSP 0% 12/1/2048                                                                   | CUSIP: 83703EMP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200385.66    | 0.01%             | 2048-12-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA ARPT REV                                                                       | ATLANTA GA ARPT 5% 7/1/2026 @                                                                  | CUSIP: 04780MD55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020248.10   | 0.03%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HSG and MTG FIN CP                                                           | RI HSG 5% 4/1/2027                                                                             | CUSIP: 76221RT60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36299.66     | 0.00%             | 2027-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER COLO CONVENTION CTR HOTEL AUTH REV                                                 | DENVER CO CONV 5% 12/1/2025                                                                    | CUSIP: 249189DD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1906135.10   | 0.06%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ARIZONA HEALTH FACS AUTH REV                                                              | AZ HLTH REV 3.09% 1/1/2046                                                                     | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2025000 | PA      | $2009390.90   | 0.06%             | 2046-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 5% 3/1/2027 MT                                                                  | CUSIP: 593344BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $775000.00    | 0.02%             | 2027-03-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY MD REV                                                                    | MONTGOMERY MD CHE TRINITY HLTH 13MD MT                                                         | CUSIP: 61336PES6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11000000.00  | 0.33%             | 2041-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DC HSG MF 3.65% MT                                                                             | CUSIP: 25477PQA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1818947.52   | 0.05%             | 2028-07-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH MULTI-FAMILY HSG                                            | NEW HAMPSHIRE 3.70% 1/1/2027                                                                   | CUSIP: 64469MRL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $674579.58    | 0.02%             | 2027-01-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST HOSP FIN AUTH HOSP REV                                                   | WV UNIV HLTH 18E RFLOAT V7                                                                     | CUSIP: 956622P32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3050000.00   | 0.09%             | 2033-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC GO FY21-2 Q=SELF V8+                                                                       | CUSIP: 64966QWQ9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 0.06%             | 2042-04-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH and EDL BLDG CORP HIGHER ED FAC REV                                   | RI HLTH and EDL 5% 6/1/2030                                                                    | CUSIP: 762197S93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $368155.72    | 0.01%             | 2030-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | FL GT ORLANDO ARPT 2022-XM1093-ALL Q=JPMC BK D1@                                               | CUSIP: 88035EZM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.03%             | 2036-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST URBAN DEV CORP REV                                                            | NYS UDC 5% 3/15/2029                                                                           | CUSIP: 650035U30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $426185.68    | 0.01%             | 2029-03-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN TRANSN AUTH NY RV                                                            | NY MTA TRANSP 5% 11/15/2028                                                                    | CUSIP: 59261APY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $701678.74    | 0.02%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| UNIVWRISYT WIS HSP and CLNCS AUTH                                                         | UNIV WI HOSP 5% 4/1/2026                                                                       | CUSIP: 915260EX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507385.70    | 0.02%             | 2026-04-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE HEALTH and ED FACSAUTH REV MEMORIAL HOSP                                    | NEW HAMPSHIRE H 3.3% MT                                                                        | CUSIP: 64461XJZ9<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2770493.83   | 0.08%             | 2038-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIAMI DADE CNTY FL HSG FIN AUTH MULTIFAMILY HSG REV                                       | MIAMI-DADE MFH 3.4% 1/1/2045                                                                   | CUSIP: 593344BY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5040803.00   | 0.15%             | 2045-01-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| DETROIT MI                                                                                | DETROIT MI 5% 5/1/2029                                                                         | CUSIP: 2510936K1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $308975.83    | 0.01%             | 2029-05-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE ST UNIV MI UNIV REVS                                                                | WAYNE ST U MI 5% 11/15/2027                                                                    | CUSIP: 946303H49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527744.15    | 0.02%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IND LOC PIB IMPTBD BK LO INCOME TAX REV                                      | INDIANAPOLIS IR 5% 7/15/2030                                                                   | CUSIP: 45527CDL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $304356.97    | 0.01%             | 2030-07-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2025 @                                                                    | CUSIP: 646080XA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1809320.22   | 0.05%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP                                         | RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORP 5% 5/15/2028                                 | CUSIP: 76219MAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $956631.42    | 0.03%             | 2028-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SHAWNEE CNTY KS MF HSG REVENUE                                                            | COUNTY OF SHAWNEE KS 3.75% 5/1/2059 MT                                                         | CUSIP: 82056AAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1719327.98   | 0.05%             | 2059-05-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| FLA HSG FIN CORP MULTIFAMILY MTG REV                                                      | FL MHSG 5% 2/1/2027 MT                                                                         | CUSIP: 34074HGZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $267305.21    | 0.01%             | 2027-02-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| DISTRICT COLUMBIA HSG FIN MULT                                                            | DC MFH PARCEL 42 22 MT                                                                         | CUSIP: 25477PQG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2751009.80   | 0.08%             | 2041-09-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVS NONST SUPPORTED DEBT                                           | NEW YORK DORM 5% 7/1/2026                                                                      | CUSIP: 65000BKW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203568.24    | 0.01%             | 2026-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HUDSON CNTY NJ IMPT AUTH LEASE REV                                                        | HUDSON CNTY NJ IMP AUTH G=HUDSON CNTY 25B-1 6/24/26 RAN                                        | CUSIP: 443728GN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4400000 | PA      | $4447273.60   | 0.13%             | 2026-06-24      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST MTG AGY HOMEOWNERMTG REV                                                      | NEW YORK ST MTG 3.70% 4/1/2026 @                                                               | CUSIP: 64988YSN8<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    955000 | PA      | $954894.47    | 0.03%             | 2026-04-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA MUN FIN AUTH SOLID WASTE DISP REV                                              | CA ST MFA SW 0% 10/1/2045 MT @                                                                 | CUSIP: 13048RAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500000.00   | 0.08%             | 2045-10-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| BUTLER CNTY OH HOSP FACS REV                                                              | BUTLER OH HSP 5% 11/15/2027                                                                    | CUSIP: 123550HL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1082249.58   | 0.03%             | 2027-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST UNIV CTFS PARTN                                                               | KENTUCKY ST UNI 5% 11/1/2025                                                                   | CUSIP: 491588AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $281013.88    | 0.01%             | 2025-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY                                                 | SAN JOAQUIN VALLEY CLEAN ENERGY AUTHORITY 5% 7/1/2028                                          | CUSIP: 79811YAB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045258.00   | 0.03%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK N Y CITY HSG DEV CORPMULTIFAMILY HSG REV                                         | NY NY CITY HS 3.625% MT                                                                        | CUSIP: 64972KCN3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    765000 | PA      | $774723.46    | 0.02%             | 2063-11-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| LEE CNTY FL AIRPORT                                                                       | LEE FL AIRPORT 5% 10/1/2025 @                                                                  | CUSIP: 523470GQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $926357.35    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/26@                                                                        | CUSIP: 544445BQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137433.94    | 0.00%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TARRANT CNTY TX CULTURAL ED FACS FIN CORP REV                                             | TARRANT TX EDFC 5% 2/15/2026                                                                   | CUSIP: 87638TFE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35410.49     | 0.00%             | 2026-02-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PORT MORROW ORE FULL FAITH and CR OBLIGS                                                  | PORT OR 4% 12/1/2025                                                                           | CUSIP: 73473RER2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150275.10    | 0.00%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| GRETNA NEB CTFS PARTN                                                                     | GRETNA NEB CTFS 4% 12/15/2025                                                                  | CUSIP: 397806AD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2620000 | PA      | $2621945.35   | 0.08%             | 2025-12-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL ARPT SYS                                                               | PALM BCH ARPT 5% 10/1/2026 @                                                                   | CUSIP: 696499FA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $107400.03    | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HEFA EDL FACS REV                                                             | MO HEFA EDL 0% 5/1/2052 MT                                                                     | CUSIP: 60637ATR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10613566.00  | 0.32%             | 2052-05-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE and JEFFERSON CNTY KY METRO GOVT HEALTH SYS REV                                | LOUIS/JEFF HLTH 5% 10/1/2026                                                                   | CUSIP: 54659LCJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $716301.39    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX ELEC UTIL SYS REV                                                               | AUSTIN TX ELEC 5% 11/15/2028                                                                   | CUSIP: 052414VU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1886476.73   | 0.06%             | 2028-11-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| COLORADO HEALTH FACS AUTH CO                                                              | COLORADO HEALTH 5% MT                                                                          | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2201907.89   | 0.07%             | 2062-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ECONOMIC DEV AUTH REV                                                          | NEW JERSEY ECN 5% 3/1/2028                                                                     | CUSIP: 64577XEQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061206.00   | 0.03%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                                                                           | PA ST 5% 3/1/2028                                                                              | CUSIP: 70914PL83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1293441.13   | 0.04%             | 2028-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENVER CO CITY and CNTY ARPT                                                              | DENVER CO ARPT 5% 12/1/2029@                                                                   | CUSIP: 249182LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $195677.74    | 0.01%             | 2029-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CLIFTON TEX HIGHER ED FIN CORP ED REV                                                     | CLIFTON TEX HIG 5% 8/15/2027                                                                   | CUSIP: 187145VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1834914.63   | 0.06%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| JACKSONVILLE FLA SPL REV                                                                  | JACKSONVILLE F 5% 10/1/2026                                                                    | CUSIP: 469487TB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66861.69     | 0.00%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPORTATION DEVELOPMENT CORP                                                  | NY TRANS CORP 5% 1/1/2029 @                                                                    | CUSIP: 650116CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3900000 | PA      | $4007300.31   | 0.12%             | 2029-01-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV                                                    | MAIN STR NAT GA 4% 12/1/2025                                                                   | CUSIP: 56035DDS8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2755780.78   | 0.08%             | 2025-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| WASHOE CNTY NV WTR FAC REV                                                                | WASHOE NV WTR 4.125% MT@                                                                       | CUSIP: 940865BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $370980.06    | 0.01%             | 2036-03-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2034 @                                                                 | CUSIP: 392274Q74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024157.70   | 0.03%             | 2034-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2026                                                                       | CUSIP: 544445K40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $559916.06    | 0.02%             | 2026-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| HIGHER ED STUDENT ASSISTANCE AUTH NJ STUDENT LN REV                                       | NJ STUD LOAN 5% 12/1/2027 @                                                                    | CUSIP: 646080YD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1974827.70   | 0.06%             | 2027-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY N Y INDL DEV CORP                                                             | MONROE NY IDC 5% 12/1/2026                                                                     | CUSIP: 61075TRE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358929.10    | 0.01%             | 2026-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY MICH ARPT AUTH REV                                                             | WAYNE CO MI AAR 5% 12/1/25@                                                                    | CUSIP: 944514TB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2748444.17   | 0.08%             | 2025-12-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OK DEV FIN AUTH HEALTH SYS REV                                                            | OK DEV FIN AUTH 5% 8/15/2027                                                                   | CUSIP: 67884XBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1590000 | PA      | $1591886.69   | 0.05%             | 2027-08-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX WTR REV                                                                    | SAN ANTONIO WATER (SANNTX) TECP                                                                | CUSIP: 79643QDR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8700000 | PA      | $8701121.43   | 0.26%             | 2025-09-09      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| LONG BEACH N Y                                                                            | LONG BEACH CITY NY 24B 9/26/25 BAN                                                             | CUSIP: 542519FZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6800000 | PA      | $6803689.00   | 0.20%             | 2025-09-26      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| YUMA AZ INDL DEV AUTH HOSP REV                                                            | YUMA AZ HOSP 5% 8/1/2028                                                                       | CUSIP: 988514CJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $747247.97    | 0.02%             | 2028-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GOOSE CREEK TX CONS INDPT SCH                                                             | GOOSE CREEK ISD 0% 2/15/2035                                                                   | CUSIP: 3826043G9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $490025.95    | 0.01%             | 2035-02-15      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TPK COM REGIS                                                             | PA TPK REGI FEE 0% 7/15/26MT 41                                                                | CUSIP: 709222DS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $8986253.40   | 0.27%             | 2041-07-15      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HONOLULU HI CITY and CNTY                                                                 | HONOLULU HI 5% 11/1/2026 Q                                                                     | CUSIP: 438687UF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    815000 | PA      | $839809.74    | 0.03%             | 2026-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WEST HAVEN CT                                                                             | W HAVEN CT 4% 9/15/2025                                                                        | CUSIP: 953140U32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255106.21    | 0.01%             | 2025-09-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTY DEV AUTH STUDENT HSG REV                                            | CA STWD STUDENT 5% 05/15/27                                                                    | CUSIP: 13078RGT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $417800.39    | 0.01%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| RIB FLOATER TRUST VARIOUS STS                                                             | SNOHOMISH WA PUD 1 BC25-1000 Q=BC D7                                                           | CUSIP: 76252PH69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4875000 | PA      | $4875000.00   | 0.15%             | 2055-12-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PHOENIX AZ INDL REV AUTH MFH                                                              | PHX AZ IDA MF 0% 2/1/2059                                                                      | CUSIP: 718903RV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3514681.80   | 0.11%             | 2059-02-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| PORT AUTH NY and NJ                                                                       | PORT NY NJ 5% 9/15/2029@                                                                       | CUSIP: 73358WR97<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262531.95    | 0.01%             | 2029-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT ARPTS REV                                                             | LA CA AIRPT 5% 5/15/2027 @                                                                     | CUSIP: 544445HZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1517820.96   | 0.05%             | 2027-05-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRPORT                                                                            | AK AIRPORT 5% 10/1/2025 @                                                                      | CUSIP: 011842UN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $901453.77    | 0.03%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CHANDLER AZ INDL DEVE AUTH IDR                                                            | CHANDLER AZ IDR(INTEL) 5% 9/1/27MT@                                                            | CUSIP: 158862CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11300000 | PA      | $11518061.75  | 0.35%             | 2052-09-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| MCHENRY CNTY IL COMNTY SD #200                                                            | MCHENRY CNTY IL 0 1/15/26                                                                      | CUSIP: 581158JF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79192.56     | 0.00%             | 2026-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VANGUARD MUN BD FD INC                                                                    | Vanguard Ultra Short-Term Tx-Ex Adm                                                            | CUSIP: 922907803<br>LEI: GGTVB4H7PGEDHLTPA045 | Long             | EC               | RF                | US        |  13585509 | NS      | $215737883.73 | 6.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISA VA                                                                                 | LOUISA VA IDA 0.75% 11/1/2035 MT                                                               | CUSIP: 546068AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.12%             | 2035-11-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ECONOMIC DEV AUTH SOLD WASTE DISP FACS REV                                  | WV EDA SLD WAST 4.7% 4/1/2036 @                                                                | CUSIP: 95648VBP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3085000 | PA      | $3096481.75   | 0.09%             | 2036-04-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA AIRPORT REV                                                               | PHIL PA AIRPORT 5% 7/1/2028@                                                                   | CUSIP: 717817YH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057790.00   | 0.03%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NJ HLTH CARE FACS FING AUTH DEPT HUMAN SVCS LEASE                                         | NJ HLTH CARE FA 5% 9/15/2026                                                                   | CUSIP: 64579XEB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $610067.48    | 0.02%             | 2026-09-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| INDIANA ST HSG and CMNTY DEV SF                                                           | IN HSG CDA 3% 1/1/2052                                                                         | CUSIP: 45505TVC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    670000 | PA      | $663884.11    | 0.02%             | 2052-01-01      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN PIER and EXPO ATH IL HOSPITALITY FACS REV                                    | METRO PIER and EXPO AUTH IL HOSP MCCORMICK PL CONVENTION ESCROWED TO MATURITY                  | CUSIP: 592249AC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $595402.90    | 0.02%             | 2026-07-01      | Fixed         | 0.07%                 | No            |                  2 | On Loan: No      |
| BROWARD CO FL ARPT                                                                        | BROW CO FL ARPT 5.25% 10/1/2025 @                                                              | CUSIP: 114894TC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502406.00   | 0.05%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HIGHER ED and HEALTH AUTH REV                                          | MONT PA HR ED 5% 9/1/2026                                                                      | CUSIP: 613603ZV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1274146.38   | 0.04%             | 2026-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NY MTA DEDICATED TAX FUND                                                                 | NY MTA DED 4% 11/15/2025                                                                       | CUSIP: 59259N2E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351074.92    | 0.01%             | 2025-11-15      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| SOUTHEAST ENERGY AUTH COMMODITY SUPPLY REV ALA                                            | SOUTHEAST ENERG 5% 7/1/2027                                                                    | CUSIP: 84136FBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1222779.46   | 0.04%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| DENTON TEXAS ISD                                                                          | DENTON TX ISD 4% MT                                                                            | CUSIP: 249002NM4<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |   8325000 | PA      | $8583872.54   | 0.26%             | 2055-08-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| OREGON ST                                                                                 | OR ST 5% 6/1/2028                                                                              | CUSIP: 68609ULF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2681880.25   | 0.08%             | 2028-06-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV                                   | CALIFORNIA CMY 5% 10/1/2026                                                                    | CUSIP: 13013JCF1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    625000 | PA      | $634925.56    | 0.02%             | 2026-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| METROPOLITAN WASH DC ARPTS ATH                                                            | MTRO WA DC ARPT 5% 10/1/2025 @                                                                 | CUSIP: 592647FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155273.30    | 0.00%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY GO                                                                          | NYC NY 5% 8/1/2026                                                                             | CUSIP: 64966Q2D1<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $5734214.64   | 0.17%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 11/1/2029                                                                             | CUSIP: 452152P21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047369.10   | 0.03%             | 2029-11-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| LOWER COLO RIV AUTH TX REV                                                                | LCRA TX (LCRBTE) B L=TB TECP                                                                   | CUSIP: 54811C2H1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000261.00   | 0.09%             | 2025-11-03      | Fixed         | 0.03%                 | No            |                  2 | On Loan: No      |
| NORTH EAST INDPT SCH DIST TX                                                              | NE TX ISD 3.75% 8/1/2049 MT                                                                    | CUSIP: 659155QL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3895000 | PA      | $3958087.32   | 0.12%             | 2049-08-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| KING CNTY WASH HSG AUTH HSG RE                                                            | KING CNTY WA MF 5% 7/1/2028                                                                    | CUSIP: 494759SK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $409088.36    | 0.01%             | 2028-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| ATRIUM HEALTH                                                                             | ATRIUM HEALTH 3.625% MT                                                                        | CUSIP: 160853VT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2378117.52   | 0.07%             | 2048-01-15      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG FIN AUTH                                                                     | CO HFA 4.25% 11/1/2049                                                                         | CUSIP: 1964795U9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30441.06     | 0.00%             | 2049-11-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                                                                               | IL ST 5% 3/1/2026                                                                              | CUSIP: 452153DF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3222425.02   | 0.10%             | 2026-03-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| OHIO ST AIR QUALITY DEV AUTH                                                              | OH AIR QUAL 3.65% 12/1/2027 @                                                                  | CUSIP: 677525XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3575000 | PA      | $3584791.57   | 0.11%             | 2027-12-01      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| PITTSBURGH PA WTR and SWR AUTH                                                            | PITT WTR and SWR 5% 9/1/2031                                                                   | CUSIP: 725304YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $336927.45    | 0.01%             | 2031-09-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST                                                                         | NC ST 2% 6/1/2030                                                                              | CUSIP: 6582562R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $162134.24    | 0.00%             | 2030-06-01      | Fixed         | 0.02%                 | No            |                  2 | On Loan: No      |
| MIAMI CNTY OH HOSP FACS REV                                                               | MIAMI OH HSP 5% 8/1/2026                                                                       | CUSIP: 593328EZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $546277.96    | 0.02%             | 2026-08-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST HEALTH and EDL FACSAUTH REV                                                  | WISCONSIN ST H 5% 10/1/2025 Q                                                                  | CUSIP: 97712JFJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3635000 | PA      | $3641289.64   | 0.11%             | 2025-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| BRIDGEPORT CT                                                                             | BRIDGEPORT CT 5% 7/1/2027                                                                      | CUSIP: 108152MR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209020.68    | 0.01%             | 2027-07-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| FAIRFAX CNTY VA REDEV and HSG AUTH MULTI-FAMILY HSG REV                                   | FAIRFAX C VA 5% 1/1/2045 MT                                                                    | CUSIP: 303833LG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $176296.15    | 0.01%             | 2045-01-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| TRUMBULL CNTY OH                                                                          | TRUMBULL CO OH 4% 3/12/2026                                                                    | CUSIP: 898133ZN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2211712.14   | 0.07%             | 2026-03-12      | Fixed         | 0.04%                 | No            |                  2 | On Loan: No      |
| BAY AREA TOLL AU CA BRIDGE REV                                                            | BATA CA 2.95% SER A 4/1/47 MT                                                                  | CUSIP: 072024UJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100059.86    | 0.00%             | 2047-04-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| MIZUHO FLOATER / RESIDUAL TR VAR STS                                                      | SAINT PAUL MN MF HSG PLATO APTS 2023-MIZ9145 MZ/MZ D35                                         | CUSIP: 60700HSW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2420000.00   | 0.07%             | 2063-06-01      | Variable      | 0.03%                 | Yes           |                  2 | On Loan: No      |
| LOS ANGELES CNTY CALIF DEV AUTH MULTIFAMILY HSG REV                                       | LA County Housing 3.75% 12/1/2026 MT                                                           | CUSIP: 54467WAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3008245.20   | 0.09%             | 2046-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA EDL FACS FIN                                                               | NORTH CAROLINA EDUCATIONAL FACFIN AGY REV BD DUKE UNIVERSITYSERIES 1992A                       | CUSIP: 657903FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1435000.00   | 0.04%             | 2027-06-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| NEW MEXICO MUN ENERGY ACQUISITION AUTH GAS SUPPLY REV                                     | NM GAS PREPAY 5% MT                                                                            | CUSIP: 647207BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1338389.35   | 0.04%             | 2054-06-01      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| GREATER ORLANDO AVIATION AUTH                                                             | GT ORLANDO ARPT 5% 10/1/2035 @                                                                 | CUSIP: 392274Q82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024157.70   | 0.03%             | 2035-10-01      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| TENDER OPT BD TR RCPTS / CTFS VAR STS                                                     | HI ST ARPT 2022-XG0386-MST Q=MO D7@                                                            | CUSIP: 88035DAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2200000.00   | 0.07%             | 2048-07-01      | Variable      | 0.03%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL ED FACS FIN CORP REV                                              | HARRIS TX CED 0% 5/15/2050                                                                     | CUSIP: 414009TH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2703647.25   | 0.08%             | 2050-05-15      | Variable      | 0.05%                 | No            |                  2 | On Loan: No      |
| PHOENIX ARIZ INDL DEV AUTH SOLID WASTE DISP REV                                           | PHX IDA SW 3.85% 12/1/2035 @                                                                   | CUSIP: 71884RAA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  34575000 | PA      | $34577060.67  | 1.04%             | 2035-12-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |
| COCONINO CNTY AZ POLL CTL CORP                                                            | COCONINO AZ PC 4.125% 9/1/2032 @                                                               | CUSIP: 191855BN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1057520.61   | 0.03%             | 2032-09-01      | Variable      | 0.04%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Heather Bonner

**Signature:** Heather Bonner

**Name of Signer:** Heather Bonner

**Title:** President and Treasurer