# EDGAR Filing Document

**Accession Number:** 0000215740
**File Stem:** 0001752724-25-211049
**Filing Date:** 2025-8
**Character Count:** 217845
**Document Hash:** 42e84da527dbfd3cc40a4dc13a6c427e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211049.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ELFUN TAX EXEMPT INCOME FUND
- **CENTRAL INDEX KEY:** 0000215740

**ORGANIZATION NAME:**
- **EIN:** 066210148
- **STATE OF INCORPORATION:** CT
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02735
- **FILM NUMBER:** 251270003

**BUSINESS ADDRESS:**
- **STREET 1:** ONE IRON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 6176643920

**MAIL ADDRESS:**
- **STREET 1:** ONE IRON STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### ELFUN TAX EXEMPT INCOME FUND (Series ID: S000011830)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000032332 | Elfun Tax Exempt Income Fund | elftx           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ELFUN TAX EXEMPT INCOME FUND

- **b. Investment Company Act file number:** 811-02735

- **c. CIK number of Registrant:** 0000215740

- **d. LEI of Registrant:** 54930051FSXB5CV41B97

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

  - **Street Address 1:** One Iron Street

  - **City:** Boston

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 617-664-7037

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

- **a. Name of Series:** ELFUN TAX EXEMPT INCOME FUND

- **b. EDGAR series identifier (if any):** S000011830

- **c. LEI of Series:** 54930051FSXB5CV41B97

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $845779366.51

**Total Liabilities:** $5340155.09

**Net Assets:** $840439211.42

**Delayed Delivery Securities:** $2233850.00

**Cash Not Reported:** $0.27

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1352.96000000 | **1-Year:** -41536.80000000 | **5-Year:** -145735.76000000 | **10-Year:** -277611.59000000 | **30-Year:** -84237.24000000

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

- **3-Month:** -5.76000000 | **1-Year:** -446.67000000 | **5-Year:** -1037.24000000 | **10-Year:** -1504.76000000 | **30-Year:** -0.13000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000032332 | -0.58%               | -0.48%               | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1960209.68             | $-6100933.25                               |
| Month 2  | $-595098.88              | $-6333807.10                               |
| Month 3  | $-642109.17              | $2738840.23                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Mount Vernon Independent School District                                        | MOUNT VERNON TX INDEP SCH DIST                               | CUSIP: 623742FT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551501.25    | 0.07%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2116387.00   | 0.25%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974D2P2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1348453.86   | 0.16%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Redwood Area Schools Independent School District No 2897                        | REDWOOD MN AREA SCHS INDEP SCH DIST #2897                    | CUSIP: 757763CP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1717237.13   | 0.20%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632A37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2445741.54   | 0.29%             | 2047-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA Electric System Revenue                                       | TACOMA WA ELEC SYS REVENUE                                   | CUSIP: 873519PY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037002.80   | 0.24%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                 | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042352.20   | 0.12%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GWJ9<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2347216.75   | 0.28%             | 2041-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Municipal Water District                                            | N TX MUNI WTR DIST REGL WSTWTR SYS CONTRACT REVENUE          | CUSIP: 66283AJH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097315.30   | 0.13%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trinity River Authority Central Regional Wastewater System Revenue              | TRINITY RIVER TX AUTH REGL WSTWTR SYS REVENUE                | CUSIP: 89658HZN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535444.10    | 0.06%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893L58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2172371.80   | 0.26%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647LA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $3132391.84   | 0.37%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                  | UNIV OF MASSACHUSETTS MA BLDGAUTH PROJ REVENUE               | CUSIP: 914440UF7<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1239744.59   | 0.15%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                           | HARRIS CNTY TX TOLL ROAD REVENUE                             | CUSIP: 41423PDN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1671439.95   | 0.20%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                              | GARLAND TX ELEC UTILITY SYS REVENUE                          | CUSIP: 366133UE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1440182.80   | 0.17%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758P72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $938180.01    | 0.11%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON MD SUBURBAN SAN DIST                              | CUSIP: 940157M64<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $990412.84    | 0.12%             | 2041-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                  | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898XC6<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2195057.88   | 0.26%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Knoxville TN Wastewater System Revenue                                  | KNOXVILLE TN WSTWTR SYS REVENUE                              | CUSIP: 499815QY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2769631.50   | 0.33%             | 2038-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                     | JEA FL ELEC SYS REVENUE                                      | CUSIP: 46613SSN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1550403.96   | 0.18%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RMW3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $1982669.91   | 0.24%             | 2042-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVJ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1294844.10   | 0.15%             | 2052-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063ECH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2105000 | PA      | $2256560.00   | 0.27%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RAY6<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2554021.50   | 0.30%             | 2036-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spokane County School District No 356 Central Valley                            | SPOKANE CNTY WA SCH DIST #356 CENTRAL VLY                    | CUSIP: 848797QG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2659914.70   | 0.32%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Beaufort County School District/SC                                              | BEAUFORT CNTY SC SCH DIST                                    | CUSIP: 073900R38<br>LEI: 549300B1H1V9F55UPU08 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2264993.06   | 0.27%             | 2033-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252NQ8<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2669056.80   | 0.32%             | 2044-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Dane WI                                                               | DANE CNTY WI                                                 | CUSIP: 236092NS7<br>LEI: 5493000I57K3U1SCHU17 | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2444086.01   | 0.29%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966SLN4<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1673560.35   | 0.20%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Auburn University                                                               | AUBURN UNIV AL GEN FEE REVENUE                               | CUSIP: 050589PS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025908.10   | 0.12%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                       | UNIV OF CONNECTICUT CT                                       | CUSIP: 9142333G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1075491.56   | 0.13%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412AYH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1090190.60   | 0.13%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066F21<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4102042.00   | 0.49%             | 2031-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Central Florida Tourism Oversight District                                      | CENTRL FLORIDA TOURISM OVERSIGHT DIST                        | CUSIP: 153480AR9<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063801.80   | 0.13%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                           | UTILITY DEBT SECURITIZATION AUTH NY                          | CUSIP: 91802RGX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1288724.35   | 0.15%             | 2040-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                | LOS ANGELES CA WSTWTR SYS REVENUE                            | CUSIP: 53945CJY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10120628.00  | 1.20%             | 2048-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SV67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $990963.70    | 0.12%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140DD2<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1505371.11   | 0.18%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                            | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036VM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3084774.60   | 0.37%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dickinson Independent School District                                           | DICKINSON TX INDEP SCH DIST                                  | CUSIP: 253363C60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $934657.80    | 0.11%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX Water & Sewer Revenue                                        | EL PASO TX WTR & SWR REVENUE                                 | CUSIP: 283822ZH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $561497.00    | 0.07%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                    | CUSIP: 45884AK85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041600.30   | 0.12%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Palm Beach Community Redevelopment Agency                                  | W PALM BEACH FL CMNTY REDEV AGY                              | CUSIP: 955070DN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1060908.20   | 0.13%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WXZ4<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000540.80   | 0.24%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FXA8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1107713.80   | 0.13%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cedar Rapids Community School District Infrastructure Sales Services & Use Tax  | CEDAR RAPIDS IA CMNTY SCH DIST INFRASTRUCTURE SALES SVC      | CUSIP: 150539BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1080096.97   | 0.13%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Tacoma WA Electric System Revenue                                       | TACOMA WA ELEC SYS REVENUE                                   | CUSIP: 873519QU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $552792.85    | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593M58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6001099.20   | 0.71%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Durham NC                                                               | DURHAM NC LTD OBLIG REVENUE                                  | CUSIP: 26678PFH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2998495.80   | 0.36%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RBF6<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2673594.60   | 0.32%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                        | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GSP8<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    500000 | PA      | $567558.05    | 0.07%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DKL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2988133.50   | 0.36%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp                                               | LIBERTY DEV CORP NY REVENUE                                  | CUSIP: 531127AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1121329.20   | 0.13%             | 2035-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Chesapeake Bay Bridge & Tunnel District                                         | CHESAPEAKE BAY VA BRIDGE & TUNNEL DIST REVENUE               | CUSIP: 16514PAE9<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1952053.00   | 0.23%             | 2051-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EMG9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4503909.60   | 0.54%             | 2043-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                | PORT HOUSTON TX AUTH                                         | CUSIP: 734262FY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1032975.22   | 0.12%             | 2051-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                         | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817WG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049176.70   | 0.12%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CEB0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051937.40   | 0.13%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Pledged Excise Tax Revenue                           | DENVER CO CITY & CNTY DEDICATED TAX REVENUE                  | CUSIP: 24917DAU7<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2202913.24   | 0.26%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 590545J42<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1534092.30   | 0.18%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KRR2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2567209.00   | 0.31%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AQM2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    135000 | PA      | $114143.31    | 0.01%             | 2037-11-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $1783199.09   | 0.21%             | 2054-12-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DVM8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1086990.90   | 0.13%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN SEAPORT INVESTMENT PROGRAM REVENUE | CUSIP: 34161BBW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083159.80   | 0.13%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA                                                              | SEATTLE WA                                                   | CUSIP: 8126264Z9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500706.00   | 0.30%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA                                             | CUSIP: 25476FRS9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997156.00    | 0.12%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                      | PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU | CUSIP: 709221VE2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7578606.75   | 0.90%             | 2044-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System Revenue                     | TARRANT TX REGL WTR DIST WTR REVENUE                         | CUSIP: 876443VU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $544014.65    | 0.06%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GQ78<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    500000 | PA      | $550172.75    | 0.07%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Trinity Regional Water District                                           | UPPER TRINITY TX REGL WTR DIST WTR REVENUE                   | CUSIP: 916672W20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $553409.62    | 0.07%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                        | NEW YORK ST PWR AUTH GREEN TRANSMISSION PROJ REVENUE         | CUSIP: 65000XBV1<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2049379.89   | 0.24%             | 2058-11-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| City of Frisco TX                                                               | FRISCO TX                                                    | CUSIP: 3587762Y7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055412.40   | 0.13%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647MR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2175165.60   | 0.26%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XHY1<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038259.00   | 0.12%             | 2038-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FYC2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    725000 | PA      | $730354.49    | 0.09%             | 2035-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Andover MA                                                              | ANDOVER MA                                                   | CUSIP: 034286HA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2605000 | PA      | $2315213.29   | 0.28%             | 2052-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153KX6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525727.85    | 0.06%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                        | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398HJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073906.60   | 0.13%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                 | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $512496.40    | 0.06%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bucks County Water and Sewer Authority                                          | BUCKS CNTY PA WTR & SWR AUTH SWR SYS REVENUE                 | CUSIP: 118683JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1781720.19   | 0.21%             | 2047-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758D26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1338312.79   | 0.16%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Tyler TX Water & Sewer System Revenue                                   | TYLER TX WTR & SWR SYS REVENUE                               | CUSIP: 902354QL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1362792.19   | 0.16%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914PF23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1582269.73   | 0.19%             | 2034-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514ALZ6<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535327.75    | 0.06%             | 2040-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                       | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MAT2<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3388628.10   | 0.40%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CEN4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1083344.30   | 0.13%             | 2036-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bend OR                                                                 | BEND OR                                                      | CUSIP: 081617XQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142061.00   | 0.14%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middletown Area School District                                                 | MIDDLETOWN PA SCH DIST                                       | CUSIP: 597212QU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001732.30   | 0.12%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                           | CHICAGO IL PARK DIST                                         | CUSIP: 167615YV9<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907545.90    | 0.11%             | 2041-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 6461397E9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050376.50   | 0.12%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake County School District No 112 North Shore                                  | LAKE CNTY IL SCH DIST #112 N SHORE                           | CUSIP: 509076CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987306.10    | 0.12%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WM64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005132.40   | 0.12%             | 2040-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                        | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250FK5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $509579.30    | 0.06%             | 2027-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PUY7<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    600000 | PA      | $643177.80    | 0.08%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Michigan                                                          | UNIV OF MICHIGAN MI                                          | CUSIP: 914455UB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3186501.24   | 0.38%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                            | CLEVELAND OH                                                 | CUSIP: 186343L64<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259492.38   | 0.15%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GXB5<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1755000 | PA      | $1820731.77   | 0.22%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD REVENUE                                         | CUSIP: 059231E89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1175246.11   | 0.14%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend County Texas Public Facility Corp                                     | FORT BEND CNTY TX PUB FAC CORPLEASE REV                      | CUSIP: 34687KAT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1559285.85   | 0.19%             | 2042-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914F8G8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1167321.69   | 0.14%             | 2040-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA UNIV REVENUE                                | CUSIP: 25484JDE7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1820000 | PA      | $1891338.36   | 0.23%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wildwood Utility Dependent District                                             | WILDWOOD UTILITY DEPENDENT DIST FL UTILITY REVENUE           | CUSIP: 968214BU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080748.60   | 0.13%             | 2038-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647ER8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1616813.95   | 0.19%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AMW9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $1905171.40   | 0.23%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647LN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2145331.60   | 0.26%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430XB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1042645.90   | 0.12%             | 2049-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                  | LAMAR TX CONSOL INDEP SCH DIST                               | CUSIP: 513174K92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $955836.99    | 0.11%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eagle River Water & Sanitation District Wastewater Revenue                      | EAGLE RIVER CO WTR & SANTN DIST ENTERPRISE WSTWTR REVENUE    | CUSIP: 26982VDA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1035230.52   | 0.12%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028YW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1810103.80   | 0.22%             | 2044-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maple River Independent School District No 2135/MN                              | MAPLE RIVER MN INDEP SCH DIST#2135                           | CUSIP: 565323BX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $795010.05    | 0.09%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631NY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3007253.40   | 0.36%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349CD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1573765.05   | 0.19%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                           | CHICAGO IL PARK DIST                                         | CUSIP: 1676154P5<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |    500000 | PA      | $546923.50    | 0.07%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                           | TENNESSEE ST SCH BOND AUTH                                   | CUSIP: 880558QP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3280000 | PA      | $3322409.42   | 0.40%             | 2052-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS WTR DEV BRD ST WTR IMPLEMENTATION REVENUE FUND         | CUSIP: 88285ADT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1548893.85   | 0.18%             | 2051-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57585BAM0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510749.10    | 0.06%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813YW3<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079462.00   | 0.13%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville Water Co                                                             | LOUISVILLE & JEFFERSON CNTY KY METRO GOVT BRD OF WTR WKS     | CUSIP: 54659REK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $927493.20    | 0.11%             | 2034-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                            | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TDL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $979738.20    | 0.12%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BTL8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4393642.35   | 0.52%             | 2041-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DRU5<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1228792.21   | 0.15%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Water Supply System Revenue                         | GREAT LAKES MI WTR AUTH WTR SPLY SYS REVENUE                 | CUSIP: 39081JAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1393876.50   | 0.17%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST SPL OBLG DEDICATED TAX REVENUE              | CUSIP: 576002BP3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4440458.86   | 0.53%             | 2034-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576KB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1975779.20   | 0.24%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DL8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3215940.65   | 0.38%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation                                   | FLORIDA ST DEPT OF TRANSN SEAPORT INVESTMENT PROGRAM REVENUE | CUSIP: 34161BBZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $955243.40    | 0.11%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Unified School District No 80 Chandler                          | MARICOPA CNTY AZ UNIF SCH DIST #80 CHANDLER                  | CUSIP: 567389WJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2890000 | PA      | $2931549.53   | 0.35%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Phoenixville Area School District                                               | PHOENIXVILLE PA AREA SCH DIST                                | CUSIP: 719189G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $981847.40    | 0.12%             | 2038-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7X6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972659.80    | 0.12%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dublin City School District                                                     | DUBLIN OH CITY SCH DIST                                      | CUSIP: 26371GTQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1044441.00   | 0.12%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                    | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XWU6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $552975.25    | 0.07%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GVY7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   3405000 | PA      | $3166105.54   | 0.38%             | 2042-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego Unified School District/CA                                            | SAN DIEGO CA UNIF SCH DIST                                   | CUSIP: 797356JP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $887894.70    | 0.11%             | 2053-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chesapeake Bay Bridge & Tunnel District                                         | CHESAPEAKE BAY VA BRIDGE & TUNNEL DIST REVENUE               | CUSIP: 16514PAD1<br>LEI: 549300JGWE66ZSSOYN09 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1973888.40   | 0.23%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Huntsville AL                                                           | HUNTSVILLE AL                                                | CUSIP: 4470255L7<br>LEI: 549300FQXH802SS93031 | Long             | DBT              | MUN               | US        |   2330000 | PA      | $2429095.83   | 0.29%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Power Authority                                                        | NEW YORK ST PWR AUTH REVENUE                                 | CUSIP: 64989KLE4<br>LEI: I5P1GEYFGGMMDOFX2L30 | Long             | DBT              | MUN               | US        |   3355000 | PA      | $2887389.83   | 0.34%             | 2050-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643YC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029357.10   | 0.36%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Texas                                                                  | TEXAS ST                                                     | CUSIP: 882723TA7<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1985000 | PA      | $1780872.53   | 0.21%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KS7<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2284843.93   | 0.27%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                        | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59260XCD8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1341648.45   | 0.16%             | 2046-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917S6Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1712460.00   | 0.20%             | 2049-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                        | ARIZONA BRD OF RGTS ST UNIV SYS REVENUE                      | CUSIP: 04048RNW2<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000235.60   | 0.12%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Missouri Joint Municipal Electric Utility Commission                            | MISSOURI JT MUNI ELEC UTILITY COMMISSION PWR PROJ REVENUE    | CUSIP: 606092MB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118613.10   | 0.13%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JBP2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096199.60   | 0.13%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                    | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417014W3<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054740.60   | 0.13%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Merion Area School District/PA                                            | UPPER MERION PA AREA SCH DIST                                | CUSIP: 915899RJ9<br>LEI: 549300VSHSYXQGHRSD87 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1303952.38   | 0.16%             | 2046-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of St Louis MO                                                             | SAINT LOUIS MO                                               | CUSIP: 791621WJ0<br>LEI: 5493004O38W8EYGEZ656 | Long             | DBT              | MUN               | US        |    800000 | PA      | $817491.92    | 0.10%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914GDD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5985000 | PA      | $6220776.68   | 0.74%             | 2045-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Library Capital Facilities Area                                       | VANCOUVER WA LIBRARY CAPITAL FACS AREA                       | CUSIP: 921586CA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017967.10   | 0.12%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Tallahassee FL Energy System Revenue                                    | TALLAHASSEE FL ENERGY SYS REVENUE                            | CUSIP: 874476ML5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1120067.20   | 0.13%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No 7J Lake Oswego                              | CLACKAMAS CNTY OR SCH DIST #7J LAKE OSWEGO                   | CUSIP: 179090MU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006675.20   | 0.12%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Suburban Sanitary Commission                                         | WASHINGTON SUBURBAN SAN DIST MD                              | CUSIP: 940158DN5<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1825686.00   | 0.22%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PUF8<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $974809.60    | 0.12%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                      | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE          | CUSIP: 39081HAS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2302261.46   | 0.27%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CBD9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1264581.34   | 0.15%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                   | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FTM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7525000 | PA      | $7667245.08   | 0.91%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 7178933L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $567432.60    | 0.07%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stillwater Independent School District No 834                                   | STILLWATER MN INDEP SCH DIST #834                            | CUSIP: 860758TB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $966134.40    | 0.11%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KH36<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $909987.20    | 0.11%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Wisconsin                                                              | WISCONSIN ST                                                 | CUSIP: 97705MVH5<br>LEI: 549300VTAT608CNZ5827 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1946651.20   | 0.23%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MNL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2747446.60   | 0.33%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140FE8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074016.50   | 0.13%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority Water Pollution Control Loan Fund              | OHIO ST WTR DEV AUTH WTR POLL CONTROL REVENUE                | CUSIP: 67766WN57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046609.70   | 0.12%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BSW2<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1525922.25   | 0.18%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389V88<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502578.35    | 0.06%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631QN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1748623.80   | 0.21%             | 2051-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Sales Tax Receipts Fund                               | CHICAGO IL TRANSIT AUTH SALES TAX RECPTS REVENUE             | CUSIP: 16772PDL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1691192.40   | 0.20%             | 2049-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                | FLORIDA ST                                                   | CUSIP: 34115PEE1<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   3950000 | PA      | $3497393.20   | 0.42%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern Kentucky University                                                    | NTHRN KY UNIV GEN RECPTS                                     | CUSIP: 665304KC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2238349.80   | 0.27%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Spartanburg County School District No 4/SC                                      | SPARTANBURG CNTY SC SCH DIST #4                              | CUSIP: 847031CU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2818448.51   | 0.34%             | 2047-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389D54<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030772.60   | 0.24%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                         | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KDD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2884215.30   | 0.34%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VBB4<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3605000 | PA      | $3837376.50   | 0.46%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Public Utilities Revenue                              | SALT LAKE CITY UT PUBLIC UTILS REVENUE                       | CUSIP: 795604BS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1103717.90   | 0.13%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                    | NEW YORK ST ENVRNMNTL FACS CORP ST CLEAN WTR & DRINKING WTR  | CUSIP: 64986DDY8<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5067810.50   | 0.60%             | 2042-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | MINNEAPOLIS MN                                               | CUSIP: 60375BMQ6<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1095420.60   | 0.13%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts State College Building Authority                                  | MASSACHUSETTS ST CLG BLDG AUTH REVENUE                       | CUSIP: 575831DR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1440000 | PA      | $1365734.74   | 0.16%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Great Lakes Water Authority Sewage Disposal System Revenue                      | GREAT LAKES MI WTR AUTH SEWAGE DISPOSAL SYS REVENUE          | CUSIP: 39081HFR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1127059.90   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576JD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000317.80   | 0.24%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Metropolitan Utility Authority                                            | TULSA OK MET UTILITY AUTH                                    | CUSIP: 899656WF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976378.80    | 0.12%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477YG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122734.90   | 0.13%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LK31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2355000 | PA      | $2070101.28   | 0.25%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Baltimore MD                                                          | BALTIMORE CNTY MD                                            | CUSIP: 05914FU24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1166353.34   | 0.14%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036JJ6<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012124.40   | 0.12%             | 2054-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                    | HONOLULU CITY & CNTY HI                                      | CUSIP: 438687FD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53113.30     | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ATN2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1760390.40   | 0.21%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1504540.35   | 0.18%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GZR8<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   5360000 | PA      | $4627906.01   | 0.55%             | 2052-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GF66<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118374.20   | 0.13%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXV1<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1122437.60   | 0.13%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi                                                            | MISSISSIPPI ST                                               | CUSIP: 605581PU5<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $946048.40    | 0.11%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                   | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870FC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3429336.60   | 0.41%             | 2030-11-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116ES1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $730033.78    | 0.09%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kentucky                                                          | UNIV OF KENTUCKY KY GEN RECPTS                               | CUSIP: 914378RK2<br>LEI: 549300CXE3YQ1HXYCQ71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $938658.80    | 0.11%             | 2041-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990GGH9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $461584.30    | 0.05%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643WF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $1940138.09   | 0.23%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063ECD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1819100.20   | 0.22%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AG50<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006329.60   | 0.12%             | 2055-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Alexandria VA                                                           | ALEXANDRIA VA                                                | CUSIP: 015303EK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4430869.00   | 0.53%             | 2053-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iberia Parishwide School District                                               | IBERIA PARISH LA PARISHWIDE SCH DIST                         | CUSIP: 450812S45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1606869.32   | 0.19%             | 2041-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140CT8<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2301464.25   | 0.27%             | 2043-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA Public Utility Revenue                                      | RICHMOND VA PUBLIC UTILITY REVENUE                           | CUSIP: 765433KP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4351304.57   | 0.52%             | 2036-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Kalamazoo MI                                                            | KALAMAZOO MI                                                 | CUSIP: 483207CG9<br>LEI: 549300HLUQ75FKMC2544 | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1116340.14   | 0.13%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                               | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBH1<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1223282.28   | 0.15%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675932K7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    860000 | PA      | $859580.84    | 0.10%             | 2043-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                 | KENTUCKY ST ECON DEV FIN AUTH                                | CUSIP: 49126PGW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $995704.20    | 0.12%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington County Rural Water District No 3                                     | WASHINGTON CNTY OK RURAL WTR DIST #3                         | CUSIP: 938203AX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2406946.80   | 0.29%             | 2041-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E4M7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $948475.70    | 0.11%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224R84<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1199071.40   | 0.14%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cherokee Metropolitan District/CO                                               | CHEROKEE CO MET DIST WTR & WSTWTR ENTERPRISE REVENUE         | CUSIP: 16415TBY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2468244.15   | 0.29%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240L76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019423.80   | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063EKK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21128.62     | 0.00%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966QQB9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1115701.01   | 0.13%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                  | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BVP3<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079737.10   | 0.13%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974ET89<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1113448.50   | 0.13%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lawrence KS Water & Sewage System Revenue                               | LAWRENCE KS WTR & SWR SYS REVENUE                            | CUSIP: 520192SX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2420000 | PA      | $2300909.86   | 0.27%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893H95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005954.40   | 0.12%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Bentonville AR Sales & Use Tax Revenue                                  | BENTONVILLE AR SALES & USE TAX                               | CUSIP: 083422EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537987.55    | 0.06%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                              | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893H87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10105505.00  | 1.20%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alexandria Sanitation Authority                                                 | ALEXANDRIA VA SANTN AUTH WSTWTR REVENUE                      | CUSIP: 015343AV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $610446.75    | 0.07%             | 2044-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Anderson County School District No 5/SC                                         | ANDERSON CNTY SC SCH DIST #5                                 | CUSIP: 033753QB3<br>LEI: 549300L05WYQWAQXHB66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013914.90   | 0.12%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of DeKalb GA Water & Sewerage Revenue                                    | DE KALB CNTY GA WTR & SWR REVENUE                            | CUSIP: 240523ZY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067219.40   | 0.25%             | 2045-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MNH5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3176630.49   | 0.38%             | 2052-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                    | CUSIP: 45884AG31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1538695.65   | 0.18%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| University of California                                                        | UNIV OF CALIFORNIA CA REVENUES                               | CUSIP: 91412HJF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1664506.44   | 0.20%             | 2046-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203H8V7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $994045.20    | 0.12%             | 2041-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DLV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1291006.95   | 0.15%             | 2049-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Ports Authority                                                  | SOUTH CAROLINA ST PORTS AUTH PORTS REVENUE                   | CUSIP: 837123JZ2<br>LEI: 5493001YXW15H9J1M026 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1876874.22   | 0.22%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                     | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GQY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1087367.00   | 0.13%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153JS9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077344.60   | 0.13%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri              | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AWZ1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1679043.60   | 0.20%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Public Utilities Commission Wastewater Revenue      | SAN FRANCISCO CITY & CNTY CA PUBLIC UTILS COMMISSION WSTWTR  | CUSIP: 79768HCU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1500235.94   | 0.18%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 915183X93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1294152.45   | 0.15%             | 2051-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Oklahoma City OK                                                        | OKLAHOMA CITY OK                                             | CUSIP: 6785192K4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $3162134.34   | 0.38%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182KP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3105000 | PA      | $3215535.52   | 0.38%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbus OH                                                             | COLUMBUS OH                                                  | CUSIP: 199492YT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1077333.79   | 0.13%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Yellowstone County K-12 School District No 26 Lockwood                          | YELLOWSTONE CNTY MT SCH DIST #26                             | CUSIP: 985794DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1626690.50   | 0.19%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery TN                                                         | MONTGOMERY CNTY TN                                           | CUSIP: 61366ALQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1252645.50   | 0.15%             | 2036-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063DRA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1956957.60   | 0.23%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ogden City Redevelopment Agency                                                 | OGDEN CITY UT REDEV AGY SALES TAX & TAX INCR REVENUE         | CUSIP: 67629TAS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019330.70   | 0.12%             | 2048-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grand Parkway Transportation Corp                                               | GRAND PARKWAY TRANSPRTN CORP TX SYS TOLL REVENUE             | CUSIP: 38611TBN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2206235.03   | 0.26%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FPV0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1779463.40   | 0.21%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Miami FL                                                                | MIAMI FL                                                     | CUSIP: 59338CBU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $520445.00    | 0.06%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County Public Utility District No 1 Electric System Revenue           | SNOHOMISH CNTY WA PUBLIC UTILITY DIST #1 ELEC REVENUE        | CUSIP: 833102A30<br>LEI: 549300LU0VT11TQC1877 | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1263737.13   | 0.15%             | 2051-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                | SEATTLE WA DRAIN & WSTWTR REVENUE                            | CUSIP: 812631QC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1226073.79   | 0.15%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northeast Metropolitan Regional Vocational School District                      | NORTHEAST MET REGL VOCATIONAL TECH SCD DIST MA               | CUSIP: 664262BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1343078.10   | 0.16%             | 2047-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974FAX1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106472.10   | 0.13%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                | NEW YORK ST THRUWAY AUTH GEN REVENUE JUNIOR INDEBTEDNESS OBL | CUSIP: 650010BB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    810000 | PA      | $798687.86    | 0.10%             | 2051-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Eugene OR Water Utility System Revenue                                  | EUGENE OR WTR REVENUE                                        | CUSIP: 298245MM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $5022169.25   | 0.60%             | 2048-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584Y2D0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2063047.67   | 0.25%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Temple University-of The Commonwealth System of Higher Education                | TEMPLE UNIV PA OF THE CMWLTH SYS OF HGR EDU UNIV REVENUE     | CUSIP: 880178CS5<br>LEI: 549300SCHVPNNFRR3L71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $564273.45    | 0.07%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528UZG9<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3162211.85   | 0.38%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                          | COLORADO ST BRD OF GOVERNORS UNIV ENTERPRISE SYS REVENUE     | CUSIP: 196707ZV8<br>LEI: 549300MAE3RAIIEIQV71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $904376.50    | 0.11%             | 2043-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                     | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HVN2<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    750000 | PA      | $778398.60    | 0.09%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                                       | CNTRL VLY WTR RECLAMATION FAC UT SWR REVENUE                 | CUSIP: 155796AJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1141038.30   | 0.14%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of McKinney TX                                                             | MCKINNEY TX                                                  | CUSIP: 58178CLY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908326.50    | 0.11%             | 2044-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CALIF CITY &CNTY ARPTS COMMN INTL ARPT REV     | CUSIP: 79766DWM7<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074875.00   | 0.13%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C6R6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000038.20   | 0.12%             | 2035-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                             | VIRGINIA ST CLG BLDG AUTH EDUCTNL FACS REVENUE PUBLIC HGR ED | CUSIP: 92778WGQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005695.70   | 0.12%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                          | PHOENIX AZ CIVIC IMPT CORP ARPT REVENUE                      | CUSIP: 71883MPZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $896067.00    | 0.11%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CEC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1229563.22   | 0.15%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845MX5<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2500047.75   | 0.30%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA Sewer Revenue                                              | FAIRFAX CNTY VA SWR REVENUE                                  | CUSIP: 303867NJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3125000 | PA      | $3242480.94   | 0.39%             | 2054-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 216 Agua Fria                     | MARICOPA CNTY AZ UN HIGH SCH DIST #216 AGUA FRIA             | CUSIP: 567541SP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1329979.91   | 0.16%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fairfax County Water Authority                                                  | FAIRFAX CNTY VA WTR AUTH WTR REVENUE                         | CUSIP: 303891M77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941892.30    | 0.11%             | 2043-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund         | RHODE ISLAND ST INFRASTRUCTURE BANK WTR POLL CONTROL REVENUE | CUSIP: 76221UCE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011546.60   | 0.24%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Grant County Public Utility District No 2 Electric Revenue                      | GRANT CNTY WA PUBLIC UTILITY DIST #2 ELEC REVENUE            | CUSIP: 387874ZU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1394448.79   | 0.17%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 650036JM9<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029914.20   | 0.36%             | 2057-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                         | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 041806FL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1550900.86   | 0.18%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RBE9<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2513256.00   | 0.30%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PUG6<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $880765.90    | 0.10%             | 2048-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                         | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024YW6<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1102478.57   | 0.13%             | 2054-04-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                    | DIST OF COLUMBIA WTR & SWR AUTH PUBLIC UTILITY REVENUE       | CUSIP: 254845MQ0<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |   2185000 | PA      | $2140217.11   | 0.25%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                            | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TDM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967798.30    | 0.12%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KR9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000460.60   | 0.24%             | 2037-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                      | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TSD6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1470079.32   | 0.17%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MS91<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054765.00   | 0.13%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DZJ4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    500000 | PA      | $569411.20    | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Columbia SC Waterworks & Sewer System Revenue                           | COLUMBIA SC WTRWKS & SWR SYS                                 | CUSIP: 198504N40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1127629.14   | 0.13%             | 2048-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067KC1<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    750000 | PA      | $844160.63    | 0.10%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CCM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1763150.06   | 0.21%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                 | CHESTER CNTY PA INDL DEV AUTHSTUDENT HSG REVENUE             | CUSIP: 16559PBF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1088240.90   | 0.13%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Weber School District                                                           | WEBER UT SCH DIST                                            | CUSIP: 94766PMR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $924859.40    | 0.11%             | 2043-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1048007.20   | 0.12%             | 2039-06-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY SPL OBLG                        | CUSIP: 57584FEC0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3693989.20   | 0.44%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P5X2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1617377.99   | 0.19%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Santa Cruz City High School District                                            | SANTA CRUZ CITY CA HIGH SCH DIST                             | CUSIP: 801733JZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1167377.88   | 0.14%             | 2040-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                    | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CFL2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   4730000 | PA      | $4846570.85   | 0.58%             | 2047-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                         | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817VE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2876366.70   | 0.34%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                       | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LT57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1710835.12   | 0.20%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Pittsburgh PA                                                           | PITTSBURGH PA                                                | CUSIP: 725209PT1<br>LEI: 549300EZQQVTL1QEIU17 | Long             | DBT              | MUN               | US        |    750000 | PA      | $811596.08    | 0.10%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XRT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2320735.82   | 0.28%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allegheny PA                                                          | ALLEGHENY CNTY PA                                            | CUSIP: 01728VWK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $680588.62    | 0.08%             | 2037-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452153EA3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073541.30   | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1687152.80   | 0.20%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Delaware                                                               | DELAWARE ST                                                  | CUSIP: 246381GF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000940.40   | 0.24%             | 2033-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Sumter County School Board                                                      | SUMTER CNTY FL SCH BRD                                       | CUSIP: 866536CY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $555945.55    | 0.07%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of St Paul MN Water Revenue                                                | SAINT PAUL MN WTR REVENUE                                    | CUSIP: 793073JF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2305704.00   | 0.27%             | 2045-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SFS7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114826.00   | 0.13%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison Borough Board of Education                                              | MADISON BORO NJ BRD OF EDU                                   | CUSIP: 556649LR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $972783.20    | 0.12%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bethlehem Area School District                                                  | BETHLEHEM PA AREA SCH DIST                                   | CUSIP: 087365YG1<br>LEI: 549300PVLLD0D81XYN53 | Long             | DBT              | MUN               | US        |    500000 | PA      | $554166.50    | 0.07%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Assessment Revenue                   | MASSACHUSETTS BAY MA TRANSPRTN AUTH REVENUE                  | CUSIP: 575577NZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5020000 | PA      | $5110895.63   | 0.61%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts State College Building Authority                                  | MASSACHUSETTS ST CLG BLDG AUTH                               | CUSIP: 5758326L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $987271.32    | 0.12%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RD52<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   2490000 | PA      | $2523122.98   | 0.30%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warren Consolidated Schools                                                     | WARREN MI CONSOL SCH DIST                                    | CUSIP: 935341G27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $724510.00    | 0.09%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tomball Independent School District                                             | TOMBALL TX INDEP SCH DIST                                    | CUSIP: 889855Z21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923269.80    | 0.11%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of East Longmeadow MA                                                      | EAST LONGMEADOW MA                                           | CUSIP: 273533US6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $893230.10    | 0.11%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389U22<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571846.85   | 0.19%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rochester MN                                                            | ROCHESTER MN HLTH CARE FACS REVENUE                          | CUSIP: 771902HF3<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4424706.50   | 0.53%             | 2048-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Utility Debt Securitization Authority                                           | UTILITY DEBT SECURITIZATION AUTH NY                          | CUSIP: 91802RHG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032059.70   | 0.12%             | 2050-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                      | STHRN CA PUBLIC PWR AUTH REVENUE                             | CUSIP: 84247PNC1<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524417.80    | 0.06%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                    | State Street Institutional Treasury Plus Money Market Fund   | CUSIP: 857492854<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |     10852 | NS      | $10851.78     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067GX0<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $871352.90    | 0.10%             | 2053-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                  | OAKLAND CA UNIF SCH DIST ALAMEDA CNTY                        | CUSIP: 672325S40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125903.00   | 0.13%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                           | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843NJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1186994.28   | 0.14%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Board of Regents of the University of Texas System                              | UNIV OF TEXAS TX UNIV REVENUES                               | CUSIP: 91514AMX0<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    500000 | PA      | $559937.60    | 0.07%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                             | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227UP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057708.60   | 0.13%             | 2038-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182QT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1013285.00   | 0.12%             | 2041-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FT1<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5020115.50   | 0.60%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                              | CLARK CNTY NV                                                | CUSIP: 180848F73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000253.20   | 0.24%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Colorado Springs CO Utilities System Revenue                            | COLORADO SPRINGS CO UTILITIES REVENUE                        | CUSIP: 196632A29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1695084.05   | 0.20%             | 2042-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FYQ1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $889132.80    | 0.11%             | 2047-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389V21<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1439583.48   | 0.17%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BW38<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1580586.45   | 0.19%             | 2054-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Water Resources Authority                                         | MASSACHUSETTS ST WTR RESOURCES AUTH                          | CUSIP: 576051L87<br>LEI: 549300GBS2G3YGHOYO19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072892.90   | 0.13%             | 2041-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758ZZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1667475.96   | 0.20%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dover & Eyota Independent School District No 533                                | DOVER & EYOTA MN INDEP SCH DIST #533                         | CUSIP: 260093JN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1285000 | PA      | $1266123.86   | 0.15%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KYP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022368.00   | 0.12%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                  | LAMAR TX CONSOL INDEP SCH DIST                               | CUSIP: 513174P22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $536991.95    | 0.06%             | 2039-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582TAG7<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1094469.70   | 0.13%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mesa AZ Utility System Revenue                                          | MESA AZ UTILITY SYS REVENUE                                  | CUSIP: 5905452Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $561321.60    | 0.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts Transportation Fund Revenue                       | MASSACHUSETTS ST TRANSPRTN FUND REVENUE                      | CUSIP: 57604THK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1811592.40   | 0.22%             | 2050-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063EMH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040312.80   | 0.12%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL Water & Wastewater System Revenue                              | TAMPA FL WTR & WSTWTR SYS REVENUE                            | CUSIP: 875291BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7233632.70   | 0.86%             | 2057-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                          | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PGQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1165995.78   | 0.14%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Utah UT                                                               | UTAH CNTY UT HOSP REVENUE                                    | CUSIP: 917393BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1255000 | PA      | $1099146.95   | 0.13%             | 2047-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ogden City Redevelopment Agency                                                 | OGDEN CITY UT REDEV AGY SALES TAX & TAX INCR REVENUE         | CUSIP: 67629TAT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1956023.11   | 0.23%             | 2053-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional School Unit No 14                                                      | REGIONAL SCH UNIT #14 ME                                     | CUSIP: 75915PAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $559182.20    | 0.07%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                    | PENNSYLVANIA ST                                              | CUSIP: 70914P2S0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1833746.80   | 0.22%             | 2043-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                           | MIAMI-DADE CNTY FL SCH DIST                                  | CUSIP: 59333RLL6<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5077567.50   | 0.60%             | 2047-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                    | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579Q75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1136921.75   | 0.14%             | 2048-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN Electric System Revenue                                      | MEMPHIS TN ELEC SYS REVENUE                                  | CUSIP: 586158SA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $537934.90    | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Red River Education Finance Corp                                                | RED RIVER TX EDU FIN CORP EDU REVENUE                        | CUSIP: 756872LJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130801.30   | 0.13%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GPK5<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4788659.50   | 0.57%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                         | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817XM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2043051.95   | 0.24%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa Bay Water                                                                 | TAMPA BAY WTR FL UTILITY SYS REVENUE                         | CUSIP: 875128JZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126065.40   | 0.13%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389U97<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |    610000 | PA      | $643851.77    | 0.08%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                          | OKLAHOMA ST CAPITOL IMPT AUTH ST HIGHWAY CAP IMPT REVENUE    | CUSIP: 678514BQ2<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |    795000 | PA      | $807777.80    | 0.10%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063CX21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2236306.57   | 0.27%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YSK6<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049761.70   | 0.12%             | 2049-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                             | DALLAS TX WTRWKS & SWR SYS REVENUE                           | CUSIP: 23542JZV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2141495.75   | 0.25%             | 2052-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hennepin MN                                                           | HENNEPIN CNTY MN                                             | CUSIP: 425507GW4<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027056.00   | 0.12%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                              | CUSIP: 30382AGP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015799.40   | 0.24%             | 2035-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Hillsborough FL                                                       | HILLSBOROUGH CNTY FL                                         | CUSIP: 432290QE7<br>LEI: 549300L0R7XNYJEJGF23 | Long             | DBT              | MUN               | US        |   2825000 | PA      | $2896840.88   | 0.34%             | 2053-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                        | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P7N2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1585904.10   | 0.19%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                   | OHIO ST MAJOR NEW STATE INFRASTRUCTURE PROJ REVENUE          | CUSIP: 677581GK0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    760000 | PA      | $774920.47    | 0.09%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675932L5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $496251.35    | 0.06%             | 2044-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                               | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE | CUSIP: 762197VV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976459.30    | 0.12%             | 2037-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                  | FLORIDA ST MUNI PWR AGY                                      | CUSIP: 342816Q40<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1105742.16   | 0.13%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Y54<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2241708.75   | 0.27%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CGG7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017364.90   | 0.12%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GPN9<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $3682638.63   | 0.44%             | 2044-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SHT3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $539459.35    | 0.06%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Bar Harbor ME                                                           | BAR HARBOR ME                                                | CUSIP: 066878NF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $632819.76    | 0.08%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Memphis TN                                                              | MEMPHIS TN                                                   | CUSIP: 586145W91<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2303164.50   | 0.27%             | 2038-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352402Y8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070829.90   | 0.13%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts State College Building Authority                                  | MASSACHUSETTS ST CLG BLDG AUTH                               | CUSIP: 5758326P0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1837163.20   | 0.22%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Conroe Independent School District                                              | CONROE TX INDEP SCH DIST                                     | CUSIP: 2084184W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $554389.40    | 0.07%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593WQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8056635.20   | 0.96%             | 2042-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DKM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3478221.25   | 0.41%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                            | BALTIMORE MD PROJ REVENUE                                    | CUSIP: 05922KB73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2130000 | PA      | $1938272.74   | 0.23%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                      | VIRGINIA ST CMWLTH TRANSPRTN BRD TRANSPRTN REVENUE           | CUSIP: 927793U23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $926286.20    | 0.11%             | 2044-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364F5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2969116.11   | 0.35%             | 2034-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lamar Consolidated Independent School District                                  | LAMAR TX CONSOL INDEP SCH DIST                               | CUSIP: 513174YG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964356.10    | 0.11%             | 2040-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lansing MI                                                              | LANSING MI                                                   | CUSIP: 516372TZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033030.20   | 0.12%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Spokane WA                                                              | SPOKANE WA                                                   | CUSIP: 849067U35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1170186.95   | 0.14%             | 2033-12-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066F47<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8176120.00   | 0.97%             | 2033-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Ann Arbor School District                                                       | ANN ARBOR MI SCH DIST                                        | CUSIP: 035519ZG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1079158.70   | 0.13%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140GA5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1462942.36   | 0.17%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jackson County School District/GA                                               | JACKSON CNTY GA SCH DIST                                     | CUSIP: 466784EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $842863.65    | 0.10%             | 2036-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County General Purpose Authority                                         | LEHIGH CNTY PA GEN PURPOSE AUTH REVENUES                     | CUSIP: 52480RFW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $903200.57    | 0.11%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                             | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357E67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1245000 | PA      | $1257484.11   | 0.15%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                   | TEXAS ST WTR DEV BRD                                         | CUSIP: 8828546Y3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093490.10   | 0.13%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JPW2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1093518.20   | 0.13%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                        | MAINE ST TURNPIKE AUTH                                       | CUSIP: 560551QY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1841153.40   | 0.22%             | 2045-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida State Board of Governors University of North Florida Dormitory Revenue  | FL ST BRD GOVERNORS UNIV OF NORTH FL DORM REV                | CUSIP: 34157XAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2695660.03   | 0.32%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DPH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1110724.60   | 0.13%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shaker Heights City School District                                             | SHAKER HEIGHTS OH CITY SCH DIST                              | CUSIP: 819071SN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3006808.16   | 0.36%             | 2059-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Columbia TN                                                             | COLUMBIA TN                                                  | CUSIP: 198558SF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $923240.90    | 0.11%             | 2044-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                   | NEW JERSEY ST TURNPIKE AUTH TURNPIKE REVENUE                 | CUSIP: 646140JT1<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $560133.40    | 0.07%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                            | FAIRFAX CNTY VA                                              | CUSIP: 30382ANW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2351117.50   | 0.28%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PX1<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1617317.76   | 0.19%             | 2046-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WQ33<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1766375.16   | 0.21%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Darien CT                                                               | DARIEN CT                                                    | CUSIP: 237217W67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $937536.50    | 0.11%             | 2044-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XJW3<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055497.10   | 0.13%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas A&M University                                                            | TEXAS ST A & M UNIV REVENUES                                 | CUSIP: 88213ASK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $532304.05    | 0.06%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                           | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736Y76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1101431.20   | 0.13%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2771769.00   | 0.33%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cocoa FL Water & Sewer Revenue                                          | COCOA FL WTR & SWR REVENUE                                   | CUSIP: 191783GF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1282528.57   | 0.15%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                | KATY TX INDEP SCH DIST                                       | CUSIP: 486063U81<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |    750000 | PA      | $778535.48    | 0.09%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RBA7<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   1135000 | PA      | $1157282.32   | 0.14%             | 2037-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC Airport Revenue                                            | CHARLOTTE NC ARPT REVENUE                                    | CUSIP: 161036PA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1502482.20   | 0.18%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DXK3<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997839.00    | 0.12%             | 2049-07-01      | Floating      | 2.95%                 | No            |                  2 | On Loan: No      |
| County of Wake NC                                                               | WAKE CNTY NC LIMITED OBLIG                                   | CUSIP: 930876HZ3<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $558199.25    | 0.07%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Knoxville TN Electric System Revenue                                    | KNOXVILLE TN ELEC REVENUE                                    | CUSIP: 4997463Z6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039723.90   | 0.12%             | 2041-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Income Tax Revenue                                         | DIST OF COLUMBIA INCOME TAX SECURED REVENUE                  | CUSIP: 25477GTF2<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1363884.30   | 0.16%             | 2045-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                        | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758H48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $988760.60    | 0.12%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Fulton GA                                                             | FULTON CNTY GA                                               | CUSIP: 360046U79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $983743.50    | 0.12%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                         | PHILADELPHIA PA                                              | CUSIP: 717813A33<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |    500000 | PA      | $561891.90    | 0.07%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                   | MASSACHUSETTS ST                                             | CUSIP: 57582RUL8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032979.70   | 0.12%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis County School District C-2 Parkway                                     | SAINT LOUIS CNTY MO PARKWAY #C-2 SCH DIST                    | CUSIP: 791319MC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1388552.73   | 0.17%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Utah/The                                                          | UNIV OF UTAH UT REVENUES                                     | CUSIP: 9151832C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1750133.00   | 0.21%             | 2042-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                         | GEORGIA ST PORTS AUTH                                        | CUSIP: 373586GU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4356954.50   | 0.52%             | 2051-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Northern California Transmission Agency                                         | NTHRN CA TRANSMISSION AGY REVENUE                            | CUSIP: 664848BX5<br>LEI: 549300Q5SNIPZIW57C52 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3630174.49   | 0.43%             | 2037-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Water Resources Board                                                  | OKLAHOMA ST WTR RESOURCE BRD REVOLVING FUND REVENUE          | CUSIP: 67919PVQ3<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $561059.40    | 0.07%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 735240J79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2070423.52   | 0.25%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KZW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097661.10   | 0.13%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA                                                               | KING CNTY WA                                                 | CUSIP: 49474FPH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2150547.61   | 0.26%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                 | INDIANAPOLIS IN LOCAL PUBLIC IMPT BOND BANK                  | CUSIP: 45528VAU3<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507046.75    | 0.06%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Adams & Arapahoe Joint School District 28J Aurora                               | ADAMS & ARAPAHOE CNTYS CO JT SCH DIST #28J AURORA            | CUSIP: 0054823C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2047931.20   | 0.24%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                               | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957462.90    | 0.11%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pittsburg Independent School District                                           | PITTSBURG TX INDEP SCH DIST                                  | CUSIP: 724751JU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1096178.50   | 0.13%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tomball Independent School District                                             | TOMBALL TX INDEP SCH DIST                                    | CUSIP: 889855V25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1732658.87   | 0.21%             | 2048-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Azle Independent School District                                                | AZLE TX INDEP SCH DIST                                       | CUSIP: 054789ZK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118884.90   | 0.13%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota Department of Iron Range Resources & Rehabilitation          | MINNESOTA ST DEPT IRON RANGE RESOURCES & REHABILITATION REVE | CUSIP: 60414HAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1137434.78   | 0.14%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                                       | CNTRL VLY WTR RECLAMATION FAC UT SWR REVENUE                 | CUSIP: 155796BS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $897708.70    | 0.11%             | 2047-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                              | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727C61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5035000 | PA      | $5159254.23   | 0.61%             | 2062-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RCF5<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1384674.15   | 0.16%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                        | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584Y5M7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2730000 | PA      | $2438295.68   | 0.29%             | 2046-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clemson University                                                              | CLEMSON SC UNIV HGR EDU REVENUE                              | CUSIP: 185633BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1698573.50   | 0.20%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366M8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021034.50   | 0.12%             | 2039-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Richmond VA Public Utility Revenue                                      | RICHMOND VA PUBLIC UTILITY REVENUE                           | CUSIP: 765433NA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2285745.00   | 0.27%             | 2053-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                           | CHICAGO IL PARK DIST                                         | CUSIP: 1676153Y7<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033164.60   | 0.12%             | 2040-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                           | SANTA FE CNTY NM                                             | CUSIP: 801889SF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025594.20   | 0.12%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue | MET GOVT NASHVILLE & DAVIDSON CNTY TN WTR & SWR REVENUE      | CUSIP: 592098Q91<br>LEI: 549300GW8FVQJ3DU6O10 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2005857.80   | 0.24%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King County School District No 414 Lake Washington                              | KING CNTY WA SCH DIST #414 LAKE WASHINGTON                   | CUSIP: 495260K91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51747.67     | 0.01%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974EMN3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    515000 | PA      | $533474.18    | 0.06%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ames IA                                                                 | AMES IA                                                      | CUSIP: 0308074C2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1090000 | PA      | $1200979.55   | 0.14%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State University                                                       | MICHIGAN ST UNIV REVENUES                                    | CUSIP: 594712ZB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $636497.28    | 0.08%             | 2041-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966MHZ5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1929446.04   | 0.23%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hudson Yards Infrastructure Corp                                                | HUDSON YARDS INFRASTRUCTURE CORP NY 2ND INDENTURE REVENUE    | CUSIP: 44420RBH2<br>LEI: 549300EE2HJ67TPURL87 | Long             | DBT              | MUN               | US        |   5830000 | PA      | $5149893.77   | 0.61%             | 2047-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643LD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1000339.91   | 0.12%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DMR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4350243.50   | 0.52%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of St Louis MN                                                           | SAINT LOUIS CNTY MN                                          | CUSIP: 791230VB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1545000 | PA      | $1525249.49   | 0.18%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Multnomah-Clackamas Counties Centennial School District No 28JT/OR              | MULTNOMAH-CLACKAMAS CNTYS OR CENTENNIAL SCH DIST #28JT       | CUSIP: 625485DQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4095231.60   | 0.49%             | 2045-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southwestern Illinois Development Authority                                     | S WSTRN IL DEV AUTH REV                                      | CUSIP: 84552YRA1<br>LEI: 549300B1KLLJ8NU5XK71 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2509812.83   | 0.30%             | 2031-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Alexandria VA                                                           | ALEXANDRIA VA                                                | CUSIP: 015303EE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2247311.50   | 0.27%             | 2048-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                                    | State Street Institutional Treasury Plus Money Market Fund   | CUSIP: 857492854<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |   3008504 | NS      | $3008504.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                      | PENNSYLVANIA ST TURNPIKE COMMISSION OIL FRANCHISE TAX REVENU | CUSIP: 709221WU5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2141955.00   | 0.25%             | 2051-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                              | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727J23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1440469.58   | 0.17%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                           | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PY9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1687363.21   | 0.20%             | 2046-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FYB4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1523269.72   | 0.18%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Oconee Basin Water Authority                                              | UPPER OCONEE BASIN GA WTR AUTH                               | CUSIP: 916281DG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524678.85    | 0.06%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Empire State Development Corp                                                   | NEW YORK ST URBAN DEV CORP SALES TAX REVENUE                 | CUSIP: 64985TCR0<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $908654.30    | 0.11%             | 2044-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990C7Q8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4850000 | PA      | $4531453.94   | 0.54%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                            | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917S3Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1373111.25   | 0.16%             | 2043-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                              | MINNESOTA ST                                                 | CUSIP: 60412ARC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2115187.20   | 0.25%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Worth TX Water & Sewer System Revenue                              | FORT WORTH TX WTR & SWR REVENUE                              | CUSIP: 349515B88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2530000 | PA      | $2558660.35   | 0.30%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                             | CALIFORNIA ST                                                | CUSIP: 13063C4S6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044658.60   | 0.24%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                       | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HNK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022814.20   | 0.12%             | 2051-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 4521523E9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2078528.60   | 0.25%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                    | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JCF3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2633935.00   | 0.31%             | 2053-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                            | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562RX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $486959.90    | 0.06%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                   | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071709.00   | 0.13%             | 2038-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Rutherford TN                                                         | RUTHERFORD CNTY TN                                           | CUSIP: 783244GJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1829090.40   | 0.22%             | 2035-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Municipal Bond Bank                                               | NEW HAMPSHIRE ST MUNI BOND BANK                              | CUSIP: 64465QRP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $921314.70    | 0.11%             | 2043-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Electric Utility Revenue                                      | AUSTIN TX ELEC UTILITY SYS REVENUE                           | CUSIP: 052414WG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533152.85    | 0.06%             | 2040-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade Seaport Department                                         | MIAMI-DADE CNTY FL SEAPORT REVENUE                           | CUSIP: 59335KDL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2081895.48   | 0.25%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Department of Transportation                                    | OREGON ST DEPT OF TRANSPRTN HIGHWAY USER TAX REVENUE         | CUSIP: 68607DTE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1040000 | PA      | $1080355.33   | 0.13%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Fort Lauderdale FL Water & Sewer Revenue                                | FORT LAUDERDALE FL WTR & SWR REVENUE                         | CUSIP: 347658XN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $957436.70    | 0.11%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593UT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2603389.10   | 0.31%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                            | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DMP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $907763.70    | 0.11%             | 2044-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                       | TRI-CNTY MET TRANSPRTN DIST OR REVENUE                       | CUSIP: 89546RPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047624.10   | 0.12%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                     | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066E97<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1745496.59   | 0.21%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                               | DELAWARE ST TRANSPRTN AUTH US 301 PROJ REVENUE               | CUSIP: 246430AD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000073.70   | 0.12%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                 | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GZP2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |   2270000 | PA      | $2030823.95   | 0.24%             | 2045-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593L26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007919.20   | 0.12%             | 2038-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                    | CLARK CNTY NV SCH DIST                                       | CUSIP: 1810592U9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073301.10   | 0.13%             | 2037-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Valley Water Reclamation Facility                                       | CNTRL VLY WTR RECLAMATION FAC UT SWR REVENUE                 | CUSIP: 155796AP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1000178.50   | 0.12%             | 2035-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| County of El Paso TX                                                            | EL PASO CNTY TX                                              | CUSIP: 283497U52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1059324.48   | 0.13%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                              | SEATTLE WA MUNI LIGHT & PWR REVENUE                          | CUSIP: 812643RS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1468258.50   | 0.17%             | 2039-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Intermountain Power Agency                                                      | INTERMOUNTAIN PWR AGY UT PWR SPLY REVENUE                    | CUSIP: 45884AB28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2035000 | PA      | $2131889.40   | 0.25%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                              | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CT31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118753.90   | 0.13%             | 2035-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1075000 | PA      | $1076148.42   | 0.13%             | 2044-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                            | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 1675936R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1365157.60   | 0.16%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN                                                          | MINNEAPOLIS MN                                               | CUSIP: 60375BHB5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1228878.28   | 0.15%             | 2034-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Oakland Unified School District/Alameda County                                  | OAKLAND CA UNIF SCH DIST ALAMEDA CNTY                        | CUSIP: 672325F28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $906842.63    | 0.11%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Barbers Hill Independent School District                                        | BARBERS HILL TX INDEP SCH DIST                               | CUSIP: 067167D86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1317327.60   | 0.16%             | 2049-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** ELFUN TAX EXEMPT INCOME FUND

**Signature:** Arthur Jensen

**Name of Signer:** Arthur Jensen

**Title:** Deputy Treasurer