# EDGAR Filing Document

**Accession Number:** 0000030126
**File Stem:** 0001193125-26-234231
**Filing Date:** 2026-5
**Character Count:** 269133
**Document Hash:** 045a2b303063c5edec184bee3754acec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-234231.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001193125-26-234231

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** RMB INVESTORS TRUST
- **CENTRAL INDEX KEY:** 0000030126

**ORGANIZATION NAME:**
- **EIN:** 133536115
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-00994
- **FILM NUMBER:** 261007921

**BUSINESS ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE
- **STREET 2:** SUITE 3500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 8008743863

**MAIL ADDRESS:**
- **STREET 1:** ONE NORTH WACKER DRIVE
- **STREET 2:** SUITE 3500
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BURNHAM INVESTORS TRUST
- **DATE OF NAME CHANGE:** 20000327

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREXEL BURNHAM FUND
- **DATE OF NAME CHANGE:** 19890706

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DREXEL EQUITY FUND INC
- **DATE OF NAME CHANGE:** 19751208

## Series and Classes Contracts Data

### RMB Quality Intermediate Tax-Exempt Municipal Fund (Series ID: S000094874)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000263453 | Class I      | RMBVX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **RMB Quality Intermediate Tax-Exempt Municipal Fund** | **RMB Quality Intermediate Tax-Exempt Municipal Fund** | **RMB Quality Intermediate Tax-Exempt Municipal Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **MUNICIPAL BONDS - 83.0%** | **Par**  | **Value**  |
| **Alabama - 1.2%** | **Alabama - 1.2%** | **Alabama - 1.2%** |
|  City of Birmingham Regional Water Works, 5.00%, 01/01/2027 | $150000 | $152607 |
|  City of Cullman AL, 4.00%, 04/01/2035 | 20000 | 20270 |
|  County of Colbert AL, 4.00%, 10/01/2032 | 5000 | 5194 |
|  County of Shelby AL, 3.75%, 08/15/2037 | 80000 | 79178 |
|  Douglas Water Authority, 3.00%, 07/01/2032 | 335000 | 327934 |
|  Hanceville Waterworks & Sewer Board, 4.00%, 06/01/2029 | 160000 | 160285 |
|  Madison County Board of Education, 5.00%, 09/01/2030 | 430000 | 430706 |
|  Orange Beach Water Sewer & Fire Protection Authority, 4.00%, 05/15/2030 | 255000 | 265938 |
|  |  | 1442112 |
| **Alaska - 0.3%** | **Alaska - 0.3%** | **Alaska - 0.3%** |
|  State of Alaska, 5.00%, 08/01/2027 | 335000 | 345945 |
| **Arizona - 0.2%** | **Arizona - 0.2%** | **Arizona - 0.2%** |
|  City of Mesa AZ Utility System Revenue, 4.00%, 07/01/2037 | 115000 | 115009 |
|  Pima County Unified School District No 12 Sunnyside, 3.50%, 07/01/2034 | 100000 | 100009 |
|  |  | 215018 |
| **Arkansas - 0.8%** | **Arkansas - 0.8%** | **Arkansas - 0.8%** |
|  City of Hot Springs AR Waterworks Revenue, 4.00%, 10/01/2038 | 300000 | 303081 |
|  Farmington School District No 6, 3.00%, 02/01/2029 | 70000 | 70003 |
|  Little Rock School District, 3.00%, 02/01/2032 | 500000 | 488909 |
|  Lonoke County School District No 4 Cabot, 4.00%, 02/01/2037 | 115000 | 115539 |
|  Rogers School District No 30, 3.00%, 02/01/2031 | 35000 | 35001 |
|  |  | 1012533 |
| **California - 0.3%** | **California - 0.3%** | **California - 0.3%** |
|  Arvin Union School District, 0.00%, 11/01/2041 <sup>(a)</sup> | 45000 | 23456 |
|  City & County of San Francisco CA, 3.00%, 06/15/2030 | 315000 | 315003 |
|  Galt Joint Union Elementary School District, 3.13%, 08/01/2032 | 5000 | 5000 |
|  Santa Monica-Malibu Unified School District, 4.00%, 08/01/2041 | 15000 | 15101 |
|  University of California, 5.00%, 05/15/2029 | 25000 | 25705 |
|  Wasco Union Elementary School District, 4.00%, 08/01/2033 | 5000 | 5006 |
|  |  | 389271 |
| **Colorado - 1.0%** | **Colorado - 1.0%** | **Colorado - 1.0%** |
|  Basalt & Rural Fire Protection District, 5.00%, 12/01/2035 | 45000 | 49857 |
|  City of Boulder CO Storm Water & Flood Management Revenue, 3.38%, 12/01/2033 | 90000 | 88634 |
|  South Adams County Water & Sanitation District, 3.38%, 12/01/2037 | 350000 | 340705 |
|  Strasburg School District No 31J, 4.00%, 12/01/2039 | 290000 | 292096 |
|  Wiggins School District No RE-50J Adams Morgan & Weld Counties, 4.00%, 12/01/2038 | 500000 | 506150 |
|  |  | 1277442 |
| **Connecticut - 2.0%** | **Connecticut - 2.0%** | **Connecticut - 2.0%** |
|  State of Connecticut, 3.50%, 03/15/2035 | 405000 | 404988 |
| State of Connecticut Special Tax Revenue | State of Connecticut Special Tax Revenue | State of Connecticut Special Tax Revenue |
| &nbsp;&nbsp; 5.00%, 01/01/2029 | 100000 | 104192 |
| &nbsp;&nbsp; 5.00%, 01/01/2030 | 925000 | 962222 |
| &nbsp;&nbsp; 5.00%, 10/01/2032 | 760000 | 799264 |
|  Town of Putnam CT, 3.13%, 02/01/2034 | 200000 | 196764 |
|  University of Connecticut, 5.00%, 05/01/2029 | 5000 | 5353 |
|  |  | 2472783 |
| **District of Columbia - 0.1%** | **District of Columbia - 0.1%** | **District of Columbia - 0.1%** |
|  District of Columbia, 5.00%, 02/01/2029 | 100000 | 106658 |
| **Florida - 5.3%** | **Florida - 5.3%** | **Florida - 5.3%** |
| Central Florida Tourism Oversight District | Central Florida Tourism Oversight District | Central Florida Tourism Oversight District |
| &nbsp;&nbsp; 5.00%, 06/01/2028 | 150000 | 150545 |
| &nbsp;&nbsp; 4.00%, 06/01/2032 | 800000 | 807342 |
|  City of Coral Springs FL, 5.00%, 09/01/2032 | 250000 | 252428 |
|  City of Eustis FL Water & Sewer Revenue, 3.38%, 10/01/2036 | 95000 | 92742 |
|  City of Gainesville FL Utilities System Revenue, 3.38%, 10/01/2034 | 445000 | 441501 |
|  City of Lakeland FL Department of Electric Utilities, 5.00%, 10/01/2028 | 20000 | 21144 |
|  City of Leesburg FL Utility System Revenue, 5.00%, 10/01/2032 | 100000 | 101158 |
|  City of Melbourne FL, 3.00%, 07/01/2034 | 600000 | 570462 |
|  City of Miami Beach FL Stormwater Revenue, 3.75%, 09/01/2036 | 115000 | 115004 |
|  City of Sarasota FL, 3.25%, 07/01/2033 | 125000 | 124996 |
|  City of St Petersburg FL Public Utility Revenue, 4.00%, 10/01/2039 | 150000 | 151195 |
|  County of Hillsborough FL Utility Revenue, 3.00%, 08/01/2030 | 290000 | 287634 |
|  County of Manatee FL, 4.00%, 10/01/2038 | 50000 | 50784 |
|  County of Miami-Dade FL, 3.50%, 07/01/2037 | 1250000 | 1211350 |
|  County of Orange FL Water Utility System Revenue, 3.00%, 10/01/2032 | 275000 | 270137 |
|  Florida Department of Environmental Protection, 5.00%, 07/01/2027 | 70000 | 72148 |
|  Orlando Utilities Commission, 5.00%, 10/01/2048 | 1000000 | 1035314 |
|  School Board of Miami-Dade County, 5.00%, 03/15/2030 | 20000 | 21781 |
| State of Florida | State of Florida | State of Florida |
| &nbsp;&nbsp; 5.00%, 06/01/2029 | 100000 | 107506 |
| &nbsp;&nbsp; 3.00%, 06/01/2030 | 200000 | 198522 |
| &nbsp;&nbsp; 3.00%, 06/01/2036 | 215000 | 215074 |
|  State of Florida Department of Transportation Turnpike System Revenue, 5.00%, 07/01/2028 | 65000 | 68532 |
|  Tohopekaliga Water Authority, 4.00%, 10/01/2036 | 215000 | 215497 |
|  |  | 6582796 |
| **Georgia - 0.9%** | **Georgia - 0.9%** | **Georgia - 0.9%** |
|  Columbia County Public Facilities Authority, 5.00%, 04/01/2027 | 30000 | 30744 |
|  Forsyth County Water & Sewerage Authority, 5.00%, 04/01/2028 | 65000 | 68206 |
|  Metropolitan Atlanta Rapid Transit Authority, 5.00%, 07/01/2028 | 250000 | 251553 |
|  Monroe County School District, 5.00%, 02/01/2027 | 65000 | 66313 |
| Sandy Springs Public Facilities Authority | Sandy Springs Public Facilities Authority | Sandy Springs Public Facilities Authority |
| &nbsp;&nbsp; 5.00%, 05/01/2026 | 410000 | 410865 |
| &nbsp;&nbsp; 5.00%, 05/01/2027 | 285000 | 292889 |
|  |  | 1120570 |
| **Illinois - 2.0%** | **Illinois - 2.0%** | **Illinois - 2.0%** |
|  Adams County School District No 172, 3.63%, 02/01/2037 | 100000 | 99261 |
|  Central Lake County Joint Action Water Agency, 4.00%, 05/01/2030 | 75000 | 75042 |
|  City of Aurora IL, 3.75%, 12/30/2035 | 445000 | 445027 |
|  City of O'Fallon IL, 3.50%, 12/01/2034 | 190000 | 189957 |
|  Cook County Community Consolidated School District No 15 Palatine, 5.00%, 12/01/2028 | 60000 | 63558 |
|  Cook Kane Lake & McHenry Counties Community College District No 512, 4.00%, 12/15/2026 | 55000 | 55511 |
|  DuPage County Community Unit School District No 202 Lisle, 4.00%, 12/30/2028 | 405000 | 409084 |
|  Illinois State Toll Highway Authority, 4.00%, 12/01/2031 | 200000 | 200123 |
|  La Salle & Bureau Counties Township High School District No 120 LaSalle-Peru, 4.00%, 12/01/2030 | 540000 | 542356 |
|  Peoria City School District No 150, 3.63%, 01/01/2034 | 20000 | 20003 |
|  Village of Hampshire IL, 5.00%, 12/15/2026 | 180000 | 182705 |
|  Village of Mount Prospect IL, 3.75%, 12/01/2037 | 30000 | 30020 |
|  Village of Plainfield IL Water & Sewer System Revenue, 5.00%, 05/01/2033 | 20000 | 22236 |
|  Williamson County Community Unit School District No 5 Carterville, 3.75%, 01/01/2039 | 220000 | 214822 |
|  |  | 2549705 |
| **Indiana - 5.0%** | **Indiana - 5.0%** | **Indiana - 5.0%** |
|  Argos Community Schools Building Corp., 5.00%, 07/15/2039 | 50000 | 52875 |
|  Beech Grove Central School Building Corp., 5.00%, 07/15/2027 | 205000 | 211058 |
| Benton School Improvement Building Corp. | Benton School Improvement Building Corp. | Benton School Improvement Building Corp. |
| &nbsp;&nbsp; 5.00%, 07/15/2029 | 80000 | 85301 |
| &nbsp;&nbsp; 5.00%, 01/15/2030 | 80000 | 85928 |
| &nbsp;&nbsp; 5.00%, 07/15/2030 | 85000 | 91915 |
| &nbsp;&nbsp; 5.00%, 01/15/2031 | 85000 | 92519 |
| &nbsp;&nbsp; 5.00%, 07/15/2031 | 90000 | 98539 |
| &nbsp;&nbsp; 5.00%, 01/15/2032 | 90000 | 99141 |
| &nbsp;&nbsp; 5.00%, 07/15/2032 | 90000 | 99589 |
| &nbsp;&nbsp; 5.00%, 01/15/2033 | 95000 | 105551 |
| &nbsp;&nbsp; 5.00%, 07/15/2035 | 110000 | 123874 |
| &nbsp;&nbsp; 4.00%, 07/15/2040 | 205000 | 206578 |
|  Boone Township School Building Corp., 4.00%, 07/15/2038 | 370000 | 367273 |
|  Center Grove Community School Corp., 5.00%, 07/01/2026 | 250000 | 251088 |
| Central Noble Community School Corp. | Central Noble Community School Corp. | Central Noble Community School Corp. |
| &nbsp;&nbsp; 4.00%, 07/15/2029 | 45000 | 46304 |
| &nbsp;&nbsp; 4.00%, 01/15/2030 | 50000 | 51583 |
| &nbsp;&nbsp; 4.00%, 07/15/2030 | 50000 | 51669 |
| &nbsp;&nbsp; 4.00%, 01/15/2031 | 50000 | 51901 |
|  City of Bloomington IN, 3.75%, 08/15/2036 | 5000 | 5015 |
|  City of Fort Wayne IN Storm Water District Revenue, 4.00%, 08/01/2039 | 290000 | 291242 |
| City of West Lafayette IN Sewer Revenue | City of West Lafayette IN Sewer Revenue | City of West Lafayette IN Sewer Revenue |
| &nbsp;&nbsp; 5.00%, 07/01/2035 | 100000 | 112014 |
| &nbsp;&nbsp; 5.00%, 07/01/2036 | 100000 | 110444 |
|  Crown Point Multi School Building Corp., 5.00%, 07/15/2034 | 100000 | 107466 |
|  East Washington Multi School Building Corp., 4.00%, 07/15/2036 | 10000 | 10134 |
|  Elkhart Community Schools Building Corp., 3.75%, 01/15/2038 | 35000 | 34803 |
|  Franklin Township-Marion County Multiple School Building Corp., 5.00%, 07/15/2039 | 180000 | 195601 |
|  Fremont Community Schools, 0.05%, 01/15/2036 | 280000 | 188928 |
|  Hamilton Heights School Building Corp., 4.00%, 01/15/2027 | 10000 | 10082 |
|  Huntington Redevelopment Authority, 5.00%, 08/01/2039 | 580000 | 633012 |
|  Indiana Municipal Power Agency, 5.00%, 01/01/2029 | 135000 | 135721 |
|  Jay Schools Building Corp., 4.00%, 07/15/2042 | 415000 | 402598 |
|  Lawrence Township School Building Corp., 5.00%, 07/15/2040 | 125000 | 134077 |
|  Madison Consolidated School Building Corp., 5.00%, 01/15/2033 | 105000 | 116729 |
| Rochester Community School Corp. | Rochester Community School Corp. | Rochester Community School Corp. |
| &nbsp;&nbsp; 5.00%, 07/15/2027 | 85000 | 87163 |
| &nbsp;&nbsp; 4.00%, 01/15/2034 | 135000 | 140914 |
| &nbsp;&nbsp; 4.00%, 07/15/2034 | 70000 | 73057 |
| &nbsp;&nbsp; 4.00%, 01/15/2035 | 70000 | 72812 |
| Tipton Community School Corp. | Tipton Community School Corp. | Tipton Community School Corp. |
| &nbsp;&nbsp; 4.00%, 07/15/2026 | 40000 | 40127 |
| &nbsp;&nbsp; 4.00%, 01/15/2027 | 85000 | 85734 |
|  Town of Brownsburg IN, 3.00%, 07/01/2026 | 100000 | 99947 |
|  Town of Cicero IN, 5.00%, 07/01/2039 | 250000 | 273201 |
| Town of Munster IN Waterworks Revenue | Town of Munster IN Waterworks Revenue | Town of Munster IN Waterworks Revenue |
| &nbsp;&nbsp; 6.00%, 01/01/2033 | 425000 | 495625 |
| &nbsp;&nbsp; 4.00%, 07/01/2038 | 110000 | 110265 |
|  Westfield-Washington Multi-School Building Corp., 5.25%, 07/15/2037 | 110000 | 122698 |
|  |  | 6262095 |
| **Iowa - 1.1%** | **Iowa - 1.1%** | **Iowa - 1.1%** |
|  City of Sioux Center IA, 4.00%, 06/01/2033 | 105000 | 110117 |
|  County of Mitchell IA, 4.00%, 06/01/2027 | 375000 | 378024 |
|  County of Pocahontas IA, 4.00%, 06/01/2035 | 35000 | 36009 |
| Garner-Hayfield-Ventura Community School District | Garner-Hayfield-Ventura Community School District | Garner-Hayfield-Ventura Community School District |
| &nbsp;&nbsp; 5.00%, 06/01/2036 | 235000 | 257300 |
| &nbsp;&nbsp; 4.00%, 06/01/2038 | 300000 | 303211 |
|  GMG Community School District, 5.00%, 06/01/2034 | 95000 | 105841 |
|  Southeast Polk Community School District, 5.00%, 05/01/2032 | 10000 | 10875 |
|  Underwood Community School District, 5.00%, 06/01/2033 | 10000 | 11153 |
|  Winterset Community School District, 3.00%, 05/01/2027 | 200000 | 200020 |
|  |  | 1412550 |
| **Kansas - 1.2%** | **Kansas - 1.2%** | **Kansas - 1.2%** |
|  City of Derby KS, 3.20%, 12/01/2035 | 75000 | 72853 |
|  City of Maize KS, 4.00%, 10/01/2038 | 100000 | 100828 |
|  City of Olathe KS, 5.00%, 10/01/2027 | 1015000 | 1051447 |
|  City of Shawnee KS, 4.00%, 12/01/2027 | 30000 | 30740 |
|  City of Spring Hill KS, 4.00%, 09/01/2031 | 20000 | 20887 |
|  Kansas Development Finance Authority, 5.00%, 05/01/2029 (Obligor: University Of Kansas) | 50000 | 53453 |
|  Riley County Unified School District No 383 Manhattan-Ogden, 5.00%, 09/01/2027 | 30000 | 30314 |
|  Saline Dickinson & McPherson Counties Unified School District No 306, 3.00%, 09/01/2027 | 65000 | 64871 |
|  Sedgwick County Unified School District No 260 Derby, 4.00%, 10/01/2038 | 120000 | 120088 |
|  |  | 1545481 |
| **Kentucky - 3.3%** | **Kentucky - 3.3%** | **Kentucky - 3.3%** |
| Barbourville Independent School District Finance Corp. | Barbourville Independent School District Finance Corp. | Barbourville Independent School District Finance Corp. |
| &nbsp;&nbsp; 4.00%, 10/01/2033 | 115000 | 119320 |
| &nbsp;&nbsp; 4.00%, 10/01/2037 | 130000 | 131564 |
|  Barren County School District Finance Corp., 3.50%, 04/01/2034 | 5000 | 4989 |
|  City of Ashland KY Water & Sewer System Revenue, 3.25%, 04/01/2031 | 220000 | 217978 |
|  City of Georgetown KY Water & Sewer Revenue, 5.00%, 12/01/2039 | 500000 | 551039 |
|  City of Henderson KY, 3.00%, 04/01/2027 | 405000 | 405746 |
|  Jefferson County School District Finance Corp., 3.75%, 10/01/2038 | 45000 | 44272 |
|  Johnson County School District Finance Corp., 4.00%, 09/01/2032 | 140000 | 146063 |
| Kentucky Bond Corp. | Kentucky Bond Corp. | Kentucky Bond Corp. |
| &nbsp;&nbsp; 3.00%, 02/01/2032 | 250000 | 241385 |
| &nbsp;&nbsp; 3.00%, 02/01/2033 | 100000 | 95337 |
| &nbsp;&nbsp; 4.13%, 02/01/2037 | 250000 | 253940 |
|  Lewis County School District Finance Corp., 3.25%, 09/01/2035 | 25000 | 24422 |
|  Louisville Water Co., 3.00%, 11/15/2028 | 755000 | 754978 |
|  Metcalfe County School District Finance Corp., 3.00%, 12/01/2030 | 25000 | 24981 |
|  Nicholas County School District Finance Corp., 3.00%, 02/01/2034 | 180000 | 175186 |
|  Owen County School District Finance Corp., 3.50%, 05/01/2037 | 230000 | 227372 |
|  Perry County School District Finance Corp., 3.00%, 02/01/2029 | 40000 | 40001 |
|  Pulaski County School District Finance Corp., 4.25%, 06/01/2039 | 400000 | 407532 |
|  Shelby County Public School District, 4.00%, 11/01/2040 | 65000 | 64945 |
|  Simpson County School District Finance Corp., 3.05%, 08/01/2028 | 25000 | 25002 |
|  Wayne County School District Finance Corp., 3.75%, 08/01/2038 | 160000 | 156686 |
|  |  | 4112738 |
| **Louisiana - 1.1%** | **Louisiana - 1.1%** | **Louisiana - 1.1%** |
|  Calcasieu Parish School District No 23, 4.00%, 09/01/2039 | 700000 | 692378 |
|  City of Lafayette LA Sales & Use Tax Revenue, 3.75%, 05/01/2027 | 50000 | 50030 |
|  Louisiana Local Government Environmental Facilities & Community Development Auth, 5.00%, 10/01/2026 (Obligor: La Cmnty & Tech Clg Sys) | 10000 | 10115 |
|  Parish of East Baton Rouge Capital Improvements District, 5.00%, 08/01/2029 | 125000 | 134350 |
|  Parish of Rapides LA, 3.00%, 03/01/2027 | 50000 | 49930 |
|  St Charles Parish School District No 1, 3.50%, 03/01/2035 | 225000 | 224441 |
| St John the Baptist Parish School District No 1 | St John the Baptist Parish School District No 1 | St John the Baptist Parish School District No 1 |
| &nbsp;&nbsp; 3.13%, 03/01/2028 | 70000 | 69934 |
| &nbsp;&nbsp; 3.63%, 03/01/2033 | 50000 | 50009 |
|  Union Parish Consolidated School District No 1, 4.00%, 03/01/2027 | 50000 | 50058 |
|  |  | 1331245 |
| **Maine - 0.3%** | **Maine - 0.3%** | **Maine - 0.3%** |
|  City of Auburn ME, 4.00%, 09/01/2041 | 250000 | 252278 |
|  City of Biddeford ME, 5.00%, 10/01/2031 | 110000 | 118225 |
|  |  | 370503 |
| **Maryland - 0.2%** | **Maryland - 0.2%** | **Maryland - 0.2%** |
|  State of Maryland, 3.00%, 03/01/2030 | 160000 | 159870 |
|  Washington Suburban Sanitary Commission, 3.00%, 06/01/2029 | 100000 | 100091 |
|  |  | 259961 |
| **Massachusetts - 3.3%** | **Massachusetts - 3.3%** | **Massachusetts - 3.3%** |
|  City of Beverly MA, 3.00%, 04/15/2031 | 185000 | 184532 |
|  City of Boston MA, 3.00%, 04/01/2027 | 300000 | 300005 |
|  City of Lawrence MA, 4.00%, 06/01/2043 | 150000 | 147766 |
|  City of Springfield MA, 4.00%, 03/01/2041 | 710000 | 708998 |
| Commonwealth of Massachusetts | Commonwealth of Massachusetts | Commonwealth of Massachusetts |
| &nbsp;&nbsp; 4.00%, 02/01/2039 | 1520000 | 1539352 |
| &nbsp;&nbsp; 4.00%, 09/01/2039 | 200000 | 196893 |
|  Massachusetts State College Building Authority, 3.00%, 05/01/2032 | 245000 | 244999 |
|  Town of Auburn MA, 3.00%, 09/15/2029 | 100000 | 99938 |
|  Town of Duxbury MA, 3.00%, 09/01/2033 | 400000 | 391482 |
|  Town of Falmouth MA, 3.25%, 10/01/2038 | 50000 | 49368 |
|  Town of Hingham MA, 5.00%, 02/01/2030 | 5000 | 5495 |
|  Town of Scituate MA, 5.00%, 12/01/2026 | 15000 | 15271 |
|  Town of Somerset MA, 4.00%, 04/01/2043 | 235000 | 225694 |
|  |  | 4109793 |
| **Michigan - 4.5%** | **Michigan - 4.5%** | **Michigan - 4.5%** |
|  Anchor Bay School District, 4.50%, 05/01/2043 | 255000 | 261689 |
|  Avondale School District, 3.50%, 11/01/2037 | 45000 | 44991 |
|  Benzie County Central Schools, 4.00%, 05/01/2035 | 5000 | 5142 |
| City of Alpena MI | City of Alpena MI | City of Alpena MI |
| &nbsp;&nbsp; 5.00%, 10/01/2031 | 145000 | 160075 |
| &nbsp;&nbsp; 5.00%, 10/01/2034 | 85000 | 95684 |
| &nbsp;&nbsp; 5.00%, 10/01/2036 | 25000 | 28063 |
| &nbsp;&nbsp; 4.00%, 10/01/2039 | 20000 | 20343 |
| &nbsp;&nbsp; 4.00%, 10/01/2040 | 300000 | 307264 |
|  City of Kalamazoo MI Wastewater System Revenue, 5.00%, 10/01/2040 | 420000 | 456717 |
| City of Tecumseh MI | City of Tecumseh MI | City of Tecumseh MI |
| &nbsp;&nbsp; 4.00%, 10/01/2038 | 295000 | 307931 |
| &nbsp;&nbsp; 4.00%, 10/01/2039 | 310000 | 317805 |
|  Clinton-Macomb Public Library, 3.30%, 04/01/2032 | 150000 | 149462 |
|  DeTour Area Schools, 4.00%, 05/01/2033 | 50000 | 51899 |
|  Grand Rapids & Kent County Joint Building Authority, 0.00%, 12/01/2028 <sup>(a)</sup> | 360000 | 333045 |
|  Gwinn Area Community School District, 3.00%, 05/01/2030 | 440000 | 436666 |
|  Hart Public Schools/MI, 5.00%, 05/01/2041 | 345000 | 375146 |
|  Hudson Area Schools, 4.00%, 05/01/2039 | 215000 | 215966 |
|  Laingsburg Community School District, 4.00%, 05/01/2029 | 250000 | 250268 |
|  Memphis Community Schools, 4.00%, 05/01/2036 | 110000 | 115889 |
|  Morenci Area Schools, 5.25%, 05/01/2034 | 100000 | 114418 |
|  Niles Community Schools/MI, 3.25%, 05/01/2029 | 60000 | 60017 |
|  Onekama Consolidated Schools, 4.00%, 05/01/2029 | 445000 | 445229 |
|  Parchment School District, 3.38%, 05/01/2036 | 220000 | 218017 |
|  Perry Public Schools, 4.00%, 05/01/2030 | 100000 | 100087 |
|  Plymouth-Canton Community School District, 3.00%, 05/01/2028 | 85000 | 85021 |
|  Rapid River Public Schools, 5.00%, 05/01/2028 | 130000 | 135420 |
|  St Clair County Regional Educational Service Agency, 5.00%, 05/01/2030 | 215000 | 231599 |
|  Thornapple Kellogg School District, 4.00%, 05/01/2028 | 250000 | 250289 |
|  |  | 5574142 |
| **Minnesota - 4.6%** | **Minnesota - 4.6%** | **Minnesota - 4.6%** |
|  City of Buffalo MN, 3.00%, 06/01/2031 | 400000 | 400008 |
|  City of Burnsville MN, 3.00%, 12/20/2033 | 5000 | 4949 |
|  City of Chanhassen MN, 3.00%, 02/01/2028 | 10000 | 10007 |
|  City of Circle Pines MN, 5.00%, 02/01/2035 | 40000 | 45746 |
|  City of Delano MN, 3.25%, 02/01/2032 | 30000 | 30002 |
|  City of Lino Lakes MN, 3.00%, 02/01/2031 | 360000 | 355464 |
|  City of Willmar MN, 3.00%, 02/01/2031 | 40000 | 39733 |
|  County of Blue Earth MN, 5.00%, 12/01/2033 | 1070000 | 1213771 |
|  County of Clay MN, 4.00%, 02/01/2035 | 700000 | 730496 |
|  County of Jackson MN, 4.00%, 02/01/2036 | 15000 | 15275 |
|  County of Ramsey MN, 3.00%, 02/01/2028 | 30000 | 30004 |
|  County of St Louis MN, 5.00%, 12/01/2036 | 150000 | 170525 |
|  County of Stevens MN, 4.00%, 12/01/2033 | 10000 | 10443 |
|  Delano Independent School District No 879, 3.05%, 02/01/2031 | 295000 | 290516 |
|  Duluth Independent School District No 709, 4.00%, 09/30/2026 | 2000000 | 2009376 |
|  Luverne Independent School District No 2184, 3.13%, 02/01/2036 | 15000 | 14559 |
|  Metropolitan Council, 3.00%, 03/01/2033 | 60000 | 59249 |
|  Mountain Iron-Buhl Independent School District No 712, 3.00%, 02/01/2034 | 300000 | 300067 |
|  Spring Lake Park Independent School District No 16, 3.00%, 02/01/2029 | 40000 | 40011 |
|  |  | 5770201 |
| **Mississippi - 0.2%** | **Mississippi - 0.2%** | **Mississippi - 0.2%** |
|  University of Southern Mississippi, 3.00%, 03/01/2029 | 250000 | 249537 |
| **Missouri - 0.8%** | **Missouri - 0.8%** | **Missouri - 0.8%** |
|  Bi-State Development Agency of the Missouri-Illinois Metropolitan District, 5.00%, 10/01/2027 | 130000 | 134357 |
|  City of Columbia MO, 5.00%, 10/01/2027 | 50000 | 51720 |
| City of Independence MO | City of Independence MO | City of Independence MO |
| &nbsp;&nbsp; 5.00%, 03/01/2027 | 20000 | 20437 |
| &nbsp;&nbsp; 5.00%, 03/01/2028 | 80000 | 83511 |
| &nbsp;&nbsp; 5.00%, 03/01/2030 | 10000 | 10829 |
|  Kansas City School District/MO, 5.00%, 03/01/2038 | 20000 | 22098 |
|  Lincoln County Fire Protection District No 1, 5.00%, 03/01/2032 | 10000 | 10968 |
|  Little Blue Valley Sewer District, 3.13%, 09/01/2031 | 100000 | 100001 |
|  Meadville Reorganized School District No R-4 Linn, 5.00%, 03/01/2037 | 50000 | 50891 |
|  Newton County Reorganized School District No R-6, 5.00%, 03/01/2028 | 175000 | 181815 |
|  Vernon County Reorganized School District No R-5 Nevada, 3.00%, 03/01/2032 | 350000 | 339106 |
|  |  | 1005733 |
| **Montana - 0.3%** | **Montana - 0.3%** | **Montana - 0.3%** |
|  City of Billings MT, 4.00%, 07/01/2028 | 210000 | 210043 |
|  Gallatin County High School District No 7 Bozeman, 4.00%, 06/01/2029 | 20000 | 20284 |
|  Montana Board of Housing, 2.05%, 12/01/2035 | 205000 | 169698 |
|  |  | 400025 |
| **Nebraska - 2.2%** | **Nebraska - 2.2%** | **Nebraska - 2.2%** |
|  Cass County School District No 56 Conestoga, 4.00%, 12/15/2039 | 500000 | 494149 |
|  City of Gretna NE, 4.38%, 12/15/2041 | 1100000 | 1106976 |
|  City of Omaha NE, 4.00%, 04/15/2028 | 15000 | 15183 |
|  Douglas County School District No 59, 4.00%, 12/15/2031 | 40000 | 40040 |
|  Fremont School District, 4.00%, 12/15/2039 | 500000 | 500330 |
|  Omaha-Douglas Public Building Commission, 4.00%, 05/01/2043 | 500000 | 485556 |
|  York School District, 5.00%, 12/15/2031 | 135000 | 145993 |
|  |  | 2788227 |
| **Nevada - 0.4%** | **Nevada - 0.4%** | **Nevada - 0.4%** |
|  County of Clark NV, 3.00%, 11/01/2033 | 80000 | 78786 |
|  Las Vegas Valley Water District, 5.00%, 06/01/2030 | 415000 | 416697 |
|  |  | 495483 |
| **New Hampshire - 0.6%** | **New Hampshire - 0.6%** | **New Hampshire - 0.6%** |
|  City of Dover NH, 3.00%, 06/15/2038 | 515000 | 452550 |
|  New Hampshire Municipal Bond Bank, 3.00%, 08/15/2034 | 220000 | 215615 |
|  State of New Hampshire, 5.00%, 04/01/2037 | 115000 | 128415 |
|  |  | 796580 |
| **New Jersey - 1.7%** | **New Jersey - 1.7%** | **New Jersey - 1.7%** |
|  City of New Brunswick NJ, 3.00%, 02/15/2030 | 35000 | 35002 |
|  County of Bergen NJ, 3.00%, 07/15/2031 | 200000 | 198353 |
|  Fredon Township Board of Education, 3.25%, 07/15/2033 | 650000 | 632909 |
|  Kingsway Regional School District, 3.00%, 01/15/2028 | 40000 | 40003 |
|  New Jersey Health Care Facilities Financing Authority, 4.00%, 07/01/2036 (Obligor: Rwj Barnabas Health Obliga) | 5000 | 4986 |
|  Passaic County Utilities Authority, 3.00%, 03/01/2030 | 125000 | 125004 |
|  Township of Berkeley NJ, 3.00%, 05/15/2029 | 100000 | 100020 |
|  Township of Clinton NJ, 3.00%, 01/15/2030 | 5000 | 5001 |
| Township of Dennis NJ | Township of Dennis NJ | Township of Dennis NJ |
| &nbsp;&nbsp; 4.00%, 09/15/2033 | 300000 | 323655 |
| &nbsp;&nbsp; 4.00%, 09/15/2034 | 600000 | 639800 |
|  Township of Verona NJ, 3.00%, 02/15/2030 | 20000 | 20002 |
|  |  | 2124735 |
| **New Mexico - 0.1%** | **New Mexico - 0.1%** | **New Mexico - 0.1%** |
|  City of Albuquerque NM, 3.00%, 07/01/2030 | 30000 | 29950 |
|  City of Santa Fe NM Gross Receipts Tax Revenue, 5.00%, 06/01/2026 | 90000 | 90373 |
|  |  | 120323 |
| **New York - 2.8%** | **New York - 2.8%** | **New York - 2.8%** |
|  Central Square Central School District, 4.00%, 10/01/2030 | 385000 | 390550 |
|  City of New York NY, 5.00%, 04/01/2038 | 525000 | 567062 |
|  County of Sullivan NY, 3.00%, 11/15/2033 | 580000 | 556007 |
| Guilderland Central School District | Guilderland Central School District | Guilderland Central School District |
| &nbsp;&nbsp; 3.00%, 06/15/2028 | 100000 | 100008 |
| &nbsp;&nbsp; 3.00%, 06/15/2030 | 100000 | 100000 |
|  Nanuet Union Free School District, 4.00%, 12/01/2038 | 5000 | 5131 |
|  New York City Transitional Finance Authority Building Aid Revenue, 4.00%, 07/15/2042 | 85000 | 82759 |
| New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue | New York City Transitional Finance Authority Future Tax Secured Revenue |
| &nbsp;&nbsp; 5.00%, 08/01/2029 | 100000 | 107513 |
| &nbsp;&nbsp; 5.00%, 11/01/2030 | 95000 | 104201 |
| &nbsp;&nbsp; 4.50%, 11/01/2039 | 900000 | 923119 |
| &nbsp;&nbsp; 4.00%, 11/01/2040 | 25000 | 24454 |
|  New York State Housing Finance Agency, 4.50%, 11/01/2045 | 250000 | 248292 |
|  Orchard Park Central School District, 5.00%, 09/01/2030 | 260000 | 274704 |
|  Union Springs Central School District, 3.00%, 06/15/2028 | 10000 | 10002 |
|  Village of Williston Park NY, 3.00%, 08/15/2027 | 10000 | 10004 |
|  |  | 3503806 |
| **North Carolina - 1.3%** | **North Carolina - 1.3%** | **North Carolina - 1.3%** |
|  City of Durham NC Water & Sewer Utility System Revenue, 4.00%, 08/01/2034 | 750000 | 751346 |
|  City of Winston-Salem NC Water & Sewer System Revenue, 4.00%, 06/01/2044 | 330000 | 322085 |
| County of Guilford NC | County of Guilford NC | County of Guilford NC |
| &nbsp;&nbsp; 3.00%, 02/01/2027 | 25000 | 25005 |
| &nbsp;&nbsp; 5.00%, 03/01/2030 | 30000 | 32697 |
| Greenville Utilities Commission | Greenville Utilities Commission | Greenville Utilities Commission |
| &nbsp;&nbsp; 5.00%, 04/01/2027 | 25000 | 25049 |
| &nbsp;&nbsp; 5.00%, 09/01/2029 | 150000 | 161765 |
|  North Carolina Housing Finance Agency, 4.00%, 07/01/2039 | 310000 | 305244 |
|  |  | 1623191 |
| **North Dakota - 0.6%** | **North Dakota - 0.6%** | **North Dakota - 0.6%** |
|  City of West Fargo ND, 5.00%, 05/01/2031 | 175000 | 182937 |
|  City of Williston ND, 2.50%, 05/01/2026 | 100000 | 99939 |
|  Minot Public School District No 1, 4.00%, 08/01/2032 | 500000 | 519295 |
|  |  | 802171 |
| **Ohio - 3.3%** | **Ohio - 3.3%** | **Ohio - 3.3%** |
| City of Cincinnati OH | City of Cincinnati OH | City of Cincinnati OH |
| &nbsp;&nbsp; 3.00%, 12/01/2028 | 250000 | 250022 |
| &nbsp;&nbsp; 4.00%, 12/01/2030 | 375000 | 381875 |
|  City of Dayton OH Water System Revenue, 5.50%, 12/01/2040 | 250000 | 268065 |
| City of Sidney OH | City of Sidney OH | City of Sidney OH |
| &nbsp;&nbsp; 4.00%, 12/01/2030 | 40000 | 41882 |
| &nbsp;&nbsp; 4.00%, 12/01/2031 | 150000 | 157026 |
| &nbsp;&nbsp; 5.00%, 12/01/2043 | 125000 | 129563 |
| City of Zanesville OH | City of Zanesville OH | City of Zanesville OH |
| &nbsp;&nbsp; 4.00%, 12/01/2038 | 300000 | 310469 |
| &nbsp;&nbsp; 4.00%, 12/01/2040 | 55000 | 56024 |
|  Columbus City School District, 4.00%, 12/01/2038 | 55000 | 55068 |
|  County of Clark OH, 3.63%, 12/01/2038 | 75000 | 73494 |
|  County of Lucas OH, 3.00%, 10/01/2028 | 135000 | 135182 |
|  East Knox Local School District, 3.25%, 12/01/2027 | 325000 | 325043 |
|  Edison Local School District/Jefferson County, 3.00%, 12/01/2029 | 25000 | 24959 |
|  Hardin & Houston Local School District, 4.00%, 12/01/2035 | 110000 | 110026 |
|  Jackson Center Local School District, 3.50%, 12/01/2030 | 200000 | 200044 |
|  Ohio Water Development Authority, 5.00%, 06/01/2029 | 100000 | 101538 |
|  Ohio Water Development Authority Water Pollution Control Loan Fund, 5.00%, 12/01/2032 | 600000 | 678169 |
|  Rossford Exempted Village School District, 3.75%, 12/01/2042 | 245000 | 234428 |
| State of Ohio | State of Ohio | State of Ohio |
| &nbsp;&nbsp; 5.00%, 03/01/2028 | 250000 | 261835 |
| &nbsp;&nbsp; 5.00%, 06/15/2029 | 165000 | 177356 |
| &nbsp;&nbsp; 5.00%, 04/01/2035 | 40000 | 45517 |
|  Warren City School District, 4.00%, 12/01/2030 | 150000 | 151000 |
|  |  | 4168585 |
| **Oklahoma - 1.8%** | **Oklahoma - 1.8%** | **Oklahoma - 1.8%** |
|  Canadian County Independent School District No 69 Mustang, 3.00%, 06/01/2026 | 5000 | 5002 |
| City of Broken Arrow OK | City of Broken Arrow OK | City of Broken Arrow OK |
| &nbsp;&nbsp; 3.00%, 01/01/2029 | 65000 | 65009 |
| &nbsp;&nbsp; 5.00%, 11/01/2035 | 20000 | 22184 |
|  City of Norman OK, 3.00%, 12/01/2031 | 100000 | 97794 |
| City of Tulsa OK | City of Tulsa OK | City of Tulsa OK |
| &nbsp;&nbsp; 4.00%, 11/01/2029 | 1000000 | 1041392 |
| &nbsp;&nbsp; 4.00%, 11/01/2036 | 420000 | 434626 |
|  Oklahoma Agricultural & Mechanical Colleges, 2.75%, 07/01/2032 | 180000 | 174937 |
|  Oklahoma Water Resources Board, 4.00%, 10/01/2038 | 60000 | 60108 |
|  Tulsa Public Facilities Authority, 3.00%, 06/01/2029 | 310000 | 309157 |
|  |  | 2210209 |
| **Oregon - 0.4%** | **Oregon - 0.4%** | **Oregon - 0.4%** |
|  City of Medford OR, 4.00%, 06/01/2038 | 200000 | 203099 |
|  City of Portland OR Water System Revenue, 4.00%, 04/01/2032 | 250000 | 250044 |
|  Tri-County Metropolitan Transportation District of Oregon, 5.00%, 09/01/2029 | 5000 | 5182 |
|  |  | 458325 |
| **Pennsylvania - 1.9%** | **Pennsylvania - 1.9%** | **Pennsylvania - 1.9%** |
|  Big Spring School District, 3.13%, 02/15/2028 | 100000 | 100019 |
|  Chambersburg Area School District, 3.63%, 03/01/2033 | 25000 | 25004 |
|  Cheltenham Township School District, 2.00%, 02/15/2031 | 15000 | 13790 |
|  Commonwealth of Pennsylvania, 3.00%, 09/15/2033 | 100000 | 95864 |
|  County of Franklin PA, 3.50%, 11/01/2038 | 235000 | 226122 |
|  Dover Township Sewer Authority, 4.00%, 05/01/2037 | 650000 | 657238 |
|  Greater Hazleton Joint Sewer Authority, 4.00%, 05/15/2028 | 20000 | 20568 |
|  Hamburg Area School District, 3.00%, 04/01/2028 | 100000 | 100009 |
|  Mars Area School District, 3.50%, 03/01/2038 | 185000 | 178816 |
| Norwin School District | Norwin School District | Norwin School District |
| &nbsp;&nbsp; 6.00%, 03/01/2031 | 5000 | 5549 |
| &nbsp;&nbsp; 6.00%, 03/01/2032 | 5000 | 5662 |
| &nbsp;&nbsp; 6.00%, 03/01/2033 | 5000 | 5774 |
| &nbsp;&nbsp; 4.00%, 03/01/2034 | 5000 | 5118 |
| &nbsp;&nbsp; 4.00%, 03/01/2035 | 5000 | 5045 |
|  Pennsylvania Turnpike Commission, 4.00%, 06/01/2038 | 180000 | 180650 |
|  Township of Derry PA, 3.00%, 12/15/2028 | 155000 | 155007 |
|  Wilkinsburg School District, 3.00%, 05/15/2029 | 40000 | 39936 |
| Wilson School District | Wilson School District | Wilson School District |
| &nbsp;&nbsp; 5.00%, 05/15/2037 | 200000 | 218775 |
| &nbsp;&nbsp; 5.00%, 05/15/2042 | 250000 | 265882 |
|  |  | 2304828 |
| **Rhode Island - 0.4%** | **Rhode Island - 0.4%** | **Rhode Island - 0.4%** |
|  Rhode Island Commerce Corp., 5.00%, 06/15/2029 | 135000 | 135595 |
|  Rhode Island Infrastructure Bank, 5.00%, 10/01/2030 | 175000 | 188358 |
|  Town of Bristol RI, 5.00%, 07/01/2033 | 100000 | 113357 |
|  |  | 437310 |
| **South Carolina - 0.6%** | **South Carolina - 0.6%** | **South Carolina - 0.6%** |
|  Anderson County School District No 4, 5.00%, 03/01/2039 | 300000 | 333682 |
|  City of North Charleston SC, 3.00%, 06/01/2027 | 20000 | 19999 |
|  Clemson University, 3.10%, 05/01/2030 | 50000 | 49906 |
|  Commission of Public Works City of Greer, 5.00%, 09/01/2036 | 25000 | 27895 |
|  County of Greenwood SC, 5.00%, 10/01/2026 (Obligor: Self Regional Healthcare) | 30000 | 30322 |
|  County of Horry SC, 3.00%, 03/01/2032 | 50000 | 49275 |
|  County of Pickens SC, 3.00%, 06/01/2033 | 55000 | 53081 |
|  County of Richland SC, 4.00%, 03/01/2028 | 45000 | 46259 |
|  Irmo-Chapin Recreational District, 3.00%, 03/01/2029 | 35000 | 34872 |
|  Lexington County School District No 2, 3.00%, 03/01/2034 | 75000 | 71188 |
|  State of South Carolina, 5.00%, 04/01/2031 | 45000 | 49896 |
|  |  | 766375 |
| **South Dakota - 0.0% <sup>(b)</sup>** | **South Dakota - 0.0% <sup>(b)</sup>** | **South Dakota - 0.0% <sup>(b)</sup>** |
|  Harrisburg School District No 41-2, 5.00%, 02/01/2028 | 15000 | 15625 |
| **Tennessee - 3.8%** | **Tennessee - 3.8%** | **Tennessee - 3.8%** |
|  City of Crossville TN, 2.00%, 06/01/2035 | 510000 | 420791 |
|  City of Dayton TN, 4.00%, 06/01/2032 | 105000 | 110043 |
| City of Knoxville TN Electric System Revenue | City of Knoxville TN Electric System Revenue | City of Knoxville TN Electric System Revenue |
| &nbsp;&nbsp; 3.00%, 07/01/2028 | 100000 | 99890 |
| &nbsp;&nbsp; 3.25%, 07/01/2036 | 115000 | 109100 |
|  City of La Vergne TN, 5.00%, 04/01/2035 | 175000 | 200904 |
| City of Lexington TN Electric Revenue | City of Lexington TN Electric Revenue | City of Lexington TN Electric Revenue |
| &nbsp;&nbsp; 5.00%, 08/01/2026 | 60000 | 60442 |
| &nbsp;&nbsp; 5.00%, 08/01/2027 | 65000 | 66856 |
|  City of Memphis TN, 5.00%, 12/01/2030 | 15000 | 16472 |
|  City of Memphis TN Memphis Light Gas & Water Division Gas Revenue, 5.00%, 12/01/2028 | 70000 | 71035 |
|  City of Murfreesboro TN, 3.05%, 06/01/2031 | 935000 | 920262 |
|  City of Springfield TN, 3.25%, 06/01/2036 | 55000 | 52159 |
|  County of Sullivan TN, 3.38%, 05/01/2036 | 355000 | 344172 |
|  County of Unicoi TN, 4.00%, 07/01/2035 | 1000000 | 1012055 |
|  County of Williamson TN, 4.00%, 04/01/2030 | 10000 | 10120 |
|  State of Tennessee, 5.00%, 05/01/2036 | 1100000 | 1230441 |
|  |  | 4724742 |
| **Texas - 10.1%** | **Texas - 10.1%** | **Texas - 10.1%** |
|  Anderson-Shiro Consolidated Independent School District, 3.00%, 02/15/2032 | 370000 | 358696 |
|  Arlington Independent School District, 5.00%, 02/15/2028 | 50000 | 52323 |
|  Bonham Independent School District, 4.00%, 02/15/2053 | 5000 | 5345 |
| Buena Vista-Bethel Special Utiltiy District | Buena Vista-Bethel Special Utiltiy District | Buena Vista-Bethel Special Utiltiy District |
| &nbsp;&nbsp; 6.50%, 12/15/2028 | 235000 | 255941 |
| &nbsp;&nbsp; 6.50%, 12/15/2032 | 150000 | 174004 |
|  City of Allen TX, 3.00%, 08/15/2027 | 290000 | 290030 |
| City of Austin TX | City of Austin TX | City of Austin TX |
| &nbsp;&nbsp; 5.00%, 09/01/2038 | 750000 | 828755 |
| &nbsp;&nbsp; 5.00%, 09/01/2039 | 465000 | 514986 |
| &nbsp;&nbsp; 5.00%, 09/01/2043 | 90000 | 97745 |
|  City of Balch Springs TX, 5.00%, 09/01/2033 | 80000 | 88719 |
|  City of Bellmead TX, 3.25%, 03/01/2030 | 220000 | 220006 |
|  City of Corpus Christi TX Utility System Revenue, 5.00%, 07/15/2044 | 125000 | 131331 |
|  City of Corsicana TX, 4.00%, 02/15/2041 | 300000 | 298429 |
|  City of Crowley TX, 3.50%, 08/01/2037 | 50000 | 48548 |
|  City of Del Rio TX, 3.00%, 06/01/2029 | 100000 | 100008 |
|  City of Denton TX, 3.50%, 02/15/2036 | 250000 | 247761 |
|  City of Houston TX Combined Utility System Revenue, 4.00%, 11/15/2032 | 145000 | 145057 |
|  City of Hutto TX, 5.00%, 08/01/2030 | 220000 | 238777 |
|  City of Irving TX Waterworks & Sewer System Revenue, 3.00%, 08/15/2033 | 50000 | 48439 |
|  City of Keller TX, 3.00%, 02/15/2029 | 200000 | 199412 |
|  City of Laredo TX, 4.00%, 02/15/2036 | 500000 | 500108 |
|  City of McKinney TX, 5.00%, 08/15/2035 | 20000 | 22491 |
| City of Melissa TX | City of Melissa TX | City of Melissa TX |
| &nbsp;&nbsp; 4.00%, 02/15/2033 | 500000 | 500229 |
| &nbsp;&nbsp; 4.00%, 02/15/2035 | 5000 | 5001 |
|  City of Murphy TX, 3.50%, 02/15/2038 | 95000 | 91748 |
|  City of Plano TX, 3.00%, 09/01/2032 | 200000 | 197849 |
|  City of Pleasanton TX, 4.00%, 08/01/2039 | 175000 | 177615 |
|  City of Portland TX, 4.00%, 08/15/2042 | 250000 | 234235 |
|  City of Waxahachie TX, 4.00%, 08/01/2031 | 255000 | 255746 |
|  Coolidge Independent School District, 5.00%, 02/15/2035 | 360000 | 400522 |
|  County of Bexar TX, 3.00%, 06/15/2029 | 250000 | 250033 |
|  County of Blanco TX, 5.00%, 08/01/2034 | 10000 | 10901 |
|  County of Caldwell TX, 3.25%, 02/01/2028 | 570000 | 565153 |
|  County of Chambers TX, 4.13%, 03/01/2042 | 415000 | 406022 |
|  County of Williamson TX, 3.00%, 02/15/2034 | 340000 | 325137 |
|  Dallas Area Rapid Transit, 4.00%, 12/01/2037 | 300000 | 300020 |
|  Dallas Fort Worth International Airport, 5.00%, 11/01/2039 | 5000 | 5468 |
|  Dallas Independent School District, 5.00%, 02/15/2027 | 75000 | 76657 |
|  East Montgomery County Municipal Utility District No 4, 6.50%, 04/01/2029 | 250000 | 274541 |
|  Galveston Independent School District, 5.00%, 02/01/2029 | 85000 | 90492 |
|  Grand Prairie Independent School District, 3.00%, 02/15/2029 | 290000 | 290172 |
|  Houston Independent School District, 5.00%, 02/15/2033 | 40000 | 45143 |
|  La Porte Independent School District, 3.00%, 02/15/2028 | 50000 | 50005 |
|  Lewisville Independent School District, 4.00%, 08/15/2038 | 300000 | 301612 |
|  Longview Independent School District, 5.00%, 02/15/2027 | 90000 | 91800 |
|  Lovejoy Independent School District, 3.00%, 02/15/2029 | 50000 | 50007 |
|  Montgomery County Municipal Utility District No 142, 6.00%, 09/01/2033 | 5000 | 5603 |
|  Pearland Independent School District, 5.00%, 02/15/2029 | 60000 | 63941 |
|  Permanent University Fund - University of Texas System, 4.00%, 07/01/2041 | 725000 | 727573 |
|  Plainview Independent School District, 4.00%, 02/15/2038 | 100000 | 101076 |
|  Rankin Independent School District, 4.00%, 02/15/2032 | 755000 | 781975 |
|  Riceland Management District, 6.50%, 09/01/2032 | 215000 | 251709 |
|  Rogers Independent School District, 3.00%, 08/15/2030 | 200000 | 198634 |
|  San Antonio River Authority Wastewater System Revenue, 4.00%, 01/01/2031 | 50000 | 51833 |
|  Town of Westlake TX, 4.00%, 02/15/2029 | 10000 | 10083 |
|  Trinity River Authority Central Regional Wastewater System Revenue, 5.00%, 08/01/2026 | 180000 | 181494 |
|  Wylie Independent School District, 3.25%, 08/15/2041 <sup>(c)(d)</sup> | 305000 | 302243 |
| Ysleta Independent School District | Ysleta Independent School District | Ysleta Independent School District |
| &nbsp;&nbsp; 4.00%, 08/15/2036 | 100000 | 101686 |
| &nbsp;&nbsp; 4.00%, 08/15/2039 | 5000 | 5036 |
|  |  | 12645905 |
| **Utah - 1.2%** | **Utah - 1.2%** | **Utah - 1.2%** |
|  Central Utah Water Conservancy District, 4.00%, 10/01/2038 | 885000 | 885257 |
|  City of Herriman City UT, 3.50%, 08/01/2035 | 195000 | 188856 |
|  City of Saratoga Springs UT Water Revenue, 3.00%, 12/01/2027 | 75000 | 75033 |
|  Murray City School District, 5.00%, 02/01/2029 | 20000 | 21287 |
| Utah Transit Authority | Utah Transit Authority | Utah Transit Authority |
| &nbsp;&nbsp; 3.00%, 12/15/2028 | 250000 | 249991 |
| &nbsp;&nbsp; 5.00%, 06/15/2031 | 25000 | 27240 |
|  |  | 1447664 |
| **Virginia - 3.6%** | **Virginia - 3.6%** | **Virginia - 3.6%** |
|  Commonwealth of Virginia, 5.00%, 06/01/2030 | 905000 | 950960 |
|  County of Greene VA Water & Sewer System Revenue, 4.00%, 05/01/2039 | 1250000 | 1263330 |
|  County of Spotsylvania VA, 5.00%, 01/15/2028 | 1000000 | 1043753 |
|  Dumfries VA, 4.00%, 08/01/2042 | 510000 | 505274 |
|  Virginia Resources Authority, 4.00%, 11/01/2041 | 770000 | 760703 |
|  |  | 4524020 |
| **Washington - 1.1%** | **Washington - 1.1%** | **Washington - 1.1%** |
|  Auburn School District No 408 of King & Pierce Counties, 5.00%, 12/01/2029 | 40000 | 43257 |
|  City of Bothell WA, 5.00%, 03/01/2027 | 300000 | 306745 |
|  City of Bothell WA Combined Utility Revenue, 3.25%, 12/01/2031 | 25000 | 24397 |
|  City of Seattle WA Drainage & Wastewater Revenue, 5.00%, 09/01/2027 | 225000 | 232959 |
|  City of Tacoma WA Sewer Revenue, 5.00%, 12/01/2029 | 105000 | 113626 |
|  Clark County Fire Protection District No 6, 4.00%, 12/01/2027 | 50000 | 50359 |
|  Clark County Public Utility District No 1 Water Revenue, 5.00%, 01/01/2028 | 100000 | 101766 |
|  County of King WA, 5.00%, 12/01/2030 | 60000 | 66000 |
|  Cowlitz County School District No 458 Kelso, 4.00%, 12/01/2033 | 65000 | 66065 |
|  Lake Whatcom Water & Sewer District, 4.00%, 11/01/2035 | 65000 | 64997 |
|  Snohomish & Island Counties School District No 401 Stanwood-Camano, 4.00%, 12/15/2033 | 5000 | 5051 |
|  Snohomish County School District No 103 Monroe, 5.00%, 12/01/2030 | 40000 | 43871 |
|  Thurston County School District No 33 Tumwater, 5.00%, 12/01/2028 | 100000 | 100425 |
|  Vera Water & Power, 4.00%, 01/01/2027 | 200000 | 199324 |
|  |  | 1418842 |
| **West Virginia - 0.2%** | **West Virginia - 0.2%** | **West Virginia - 0.2%** |
|  West Virginia Water Development Authority, 5.00%, 11/01/2033 | 240000 | 242537 |
| **Wisconsin - 4.9%** | **Wisconsin - 4.9%** | **Wisconsin - 4.9%** |
|  Appleton Area School District, 5.00%, 03/01/2033 | 130000 | 139668 |
|  Bristol School District No 1, 4.13%, 05/01/2041 | 5000 | 5344 |
|  City of Beaver Dam WI, 3.00%, 04/01/2026 | 100000 | 100000 |
|  City of Dodgeville WI, 4.00%, 03/01/2039 | 180000 | 182132 |
|  City of Madison WI, 3.00%, 10/01/2026 | 20000 | 20005 |
|  City of Oak Creek WI, 4.00%, 04/01/2031 | 10000 | 10412 |
|  City of River Falls WI Water System Revenue, 5.00%, 05/01/2030 | 20000 | 21609 |
|  City of Sparta WI, 5.00%, 05/01/2034 | 25000 | 28029 |
|  City of Superior WI, 3.00%, 10/01/2027 | 210000 | 210109 |
|  City of West Bend WI, 4.00%, 04/01/2039 | 800000 | 807710 |
|  County of Dunn WI, 4.00%, 09/01/2034 | 240000 | 253575 |
|  County of Grant WI, 5.00%, 03/01/2028 | 200000 | 207561 |
|  County of Sauk WI, 3.00%, 04/01/2027 | 20000 | 19992 |
|  County of Wood WI, 4.00%, 10/01/2033 | 60000 | 61915 |
|  Durand School District/WI, 3.00%, 04/01/2028 | 250000 | 249868 |
|  Hartford Joint School District No 1, 4.00%, 04/01/2036 | 90000 | 93384 |
|  Kenosha Unified School District No 1, 3.00%, 04/01/2029 | 605000 | 604988 |
|  Monona Grove School District, 4.00%, 05/01/2032 | 70000 | 72196 |
|  Onalaska School District, 5.00%, 04/01/2036 | 25000 | 27259 |
|  Oregon School District/WI, 3.00%, 03/01/2032 | 200000 | 197455 |
|  Racine Unified School District, 4.00%, 04/01/2030 | 665000 | 679923 |
|  Reedsburg School District, 3.00%, 04/01/2031 | 55000 | 54642 |
|  Sheboygan Falls School District, 4.00%, 04/01/2027 | 125000 | 125138 |
|  Village of Cottage Grove WI, 5.00%, 04/01/2032 | 610000 | 674127 |
|  Village of DeForest WI, 5.00%, 05/01/2033 | 75000 | 83055 |
|  Village of North Fond Du Lac WI, 4.00%, 12/01/2035 | 215000 | 224144 |
|  Village of Shorewood WI, 3.00%, 08/01/2029 | 335000 | 330953 |
|  Village of Sussex WI, 4.00%, 03/01/2034 | 20000 | 20957 |
| Wisconsin Department of Transportation | Wisconsin Department of Transportation | Wisconsin Department of Transportation |
| &nbsp;&nbsp; 5.00%, 07/01/2027 | 250000 | 257858 |
| &nbsp;&nbsp; 4.00%, 07/01/2039 | 375000 | 376020 |
|  |  | 6140028 |
| **TOTAL MUNICIPAL BONDS** (Cost $104,314,851) | **TOTAL MUNICIPAL BONDS** (Cost $104,314,851) | 103678348 |
| **U.S. TREASURY SECURITIES - 15.5%** | **Par**  | **Value**  |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 3.38%, 02/29/2028 | 1000000 | 992187 |
| &nbsp;&nbsp; 1.88%, 02/28/2029 | 1000000 | 946777 |
| &nbsp;&nbsp; 3.50%, 03/15/2029 | 1000000 | 991211 |
| &nbsp;&nbsp; 2.38%, 03/31/2029 | 1000000 | 959199 |
| &nbsp;&nbsp; 0.63%, 05/15/2030 | 1000000 | 876094 |
| &nbsp;&nbsp; 4.00%, 05/31/2030 | 1000000 | 1003516 |
| &nbsp;&nbsp; 3.88%, 06/30/2030 | 1000000 | 998574 |
| &nbsp;&nbsp; 3.88%, 07/31/2030 | 1000000 | 998457 |
| &nbsp;&nbsp; 0.63%, 08/15/2030 | 1000000 | 868574 |
| &nbsp;&nbsp; 3.63%, 09/30/2030 | 1000000 | 987637 |
| &nbsp;&nbsp; 3.50%, 11/30/2030 | 1000000 | 981680 |
| &nbsp;&nbsp; 3.63%, 12/31/2030 | 1000000 | 986504 |
| &nbsp;&nbsp; 4.00%, 01/31/2031 | 1000000 | 1002246 |
| &nbsp;&nbsp; 3.50%, 02/28/2031 | 1000000 | 980664 |
| &nbsp;&nbsp; 2.75%, 08/15/2032 | 1000000 | 925117 |
| &nbsp;&nbsp; 3.88%, 08/31/2032 | 1000000 | 987598 |
| &nbsp;&nbsp; 3.75%, 10/31/2032 | 1000000 | 979297 |
| &nbsp;&nbsp; 3.88%, 12/31/2032 | 1000000 | 985605 |
| &nbsp;&nbsp; 4.00%, 01/31/2033 | 1000000 | 992500 |
| &nbsp;&nbsp; 3.75%, 02/28/2033 | 1000000 | 977266 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $19,543,009) | **TOTAL U.S. TREASURY SECURITIES** (Cost $19,543,009) | 19420703 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.4%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(e)</sup> | 1746091 | 1746091 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,746,091) | **TOTAL MONEY MARKET FUNDS** (Cost $1,746,091) | 1746091 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $125,603,951**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $125,603,951**)** | 124845142 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 110681 |
|  |  | $124955823 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) Zero coupon bonds make no periodic interest payments.

(b) Represents less than 0.05% of net assets.

(c) Step coupon bond. The rate disclosed is as of March 31, 2026.

(d) Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of
 March 31, 2026.

(e) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Investment Valuation
Portfolio holdings and any other Fund assets shall be valued each day on which the New York Stock Exchange is open for business, using readily available market quotations at such times as are established in the Trust's registration statement. If market quotations for a portfolio holding are unavailable, or deemed by Curi Capital, LLC ("Curi" or the "Adviser") to be unreliable, the portfolio holding shall be fair valued by the Adviser, as the "valuation designee" approved by the Board of Trustees of the Trust (the "Board") pursuant to Rule 2a-5 under the 1940 Act, in accordance with valuation procedures approved by the Board.

*Exchange-Listed Equities and Funds and Depositary Receipts*

The market value of an equity security, exchange-traded fund (e.g., ETF or closed-end fund), or depositary receipt (e.g., ADR or GDR) traded on a national stock exchange (other than Nasdaq Global Markets, Nasdaq Select Market and the Nasdaq Capital Markets (together, "Nasdaq")) is the last reported sale price on the exchange on which the security trades on the valuation date. If there is no such last sale reported, the security is valued at the mean between the last bid and asked prices on the exchange.

The market value of a security traded on Nasdaq is the Nasdaq Official Closing Price (or "NOCP") on the valuation date. The NOCP is determined by Nasdaq to be the last reported sale price, unless the last sale price is above or below the last reported bid and asked prices. If the last reported bid and asked prices are above the last sale price, the last reported bid is used; conversely, if the last reported bid and asked prices are below the last sale price, the last reported asked price serves as the NOCP. If no last sales price is reported, the security is valued at the mean between the closing bid and closing asked prices on the market on which the security trades.

*Over-the-Counter Securities*

Securities traded over-the-counter ("OTC") are valued at the last reported sale in the OTC market on which the security trades, such as the OTC Bulletin Board, Pink OTC Markets, Inc. or other recognized OTC market, on the valuation date. If no last sale is reported, the security is valued at the mean between the closing bid and the closing asked prices on the market on which the security trades.

*Foreign Securities*

Foreign securities (which are principally traded in markets other than the U.S.) are valued based upon the last reported sale price on the primary exchange or market on which they trade as of the close of business of such exchange or market immediately preceding the time of determining the Fund's NAV. Any Fund assets or liabilities initially valued in terms of non-U.S. dollar currencies are translated into U.S. dollars at the prevailing foreign currency exchange market rates. For portfolio holdings which trade in markets that close prior to the close of trading on the New York Stock Exchange ("NYSE"), which is generally 4:00 p.m., Eastern time, a fair value price provided by an Adviser-approved pricing service ("Pricing Service") is generally used in order to capture events occurring after the applicable foreign exchange closes that may affect the value of certain portfolio holdings traded on that foreign exchange.

*Options*

Options traded on an exchange are valued at the last reported sale price. If no sales are reported on a particular business day, the average of the highest bid and lowest asked quotations across the exchanges on which the option is traded is used.

*Open-end Registered Investment Companies (excluding ETFs and Closed-End Funds)*

Shares of open-end registered investment companies ("funds") are valued using their respective NAVs. If a fund's NAV is not available, the last reported NAV of the fund may be used for one day.

*Fixed-Income Securities*

Fixed-income securities, including bonds, notes, debentures, certificates of deposit, and commercial paper, generally are valued at the evaluated mean between the closing bid and closing asked prices provided by the Pricing Service. Pricing Services generally take into account appropriate factors such as institutional-sized trading in similar groups of securities, yield, quality, coupon rate, maturity, type of issue, trading characteristics, and other market data and may provide a price determined by a matrix pricing method or other analytical pricing models.

#### Fair Value Measurements
U.S. GAAP defines fair value as the price that would be received in the sale of an asset or that would be paid to transfer a liability in an orderly transaction between market participants on the measurement date. Various inputs are used in determining the fair value of a Fund's investments, other assets, and liabilities. These inputs are classified into one of three broad levels that comprise the fair value hierarchy. The lowest level for any significant input used in determining the fair value of an investment, other asset, or liability determines the classification of that asset or liability in the hierarchy. The three levels of the fair value hierarchy are as follows:<br>

**Level 1** — Prices are determined using unadjusted exchange-traded prices in active markets for identical securities. This technique is used for exchange-traded domestic common and preferred equities and certain options.<br>

**Level 2** — Prices are determined using significant observable inputs. "Observable inputs" reflect the assumptions that market participants would use in valuing an asset or liability based on market data obtained from independent sources. Observable inputs may include quoted prices for similar securities, interest rates, prepayment speeds and credit risk. Prices for securities valued using these techniques are received from independent pricing vendors and are based on an evaluation of the inputs described. These techniques are used for certain domestic preferred equities, unlisted rights and warrants and certain options.

**Level 3** — Prices are determined using significant unobservable inputs. In situations where quoted prices or observable inputs are unavailable, such as when there is little or no market activity for an investment, unobservable inputs may be used. Unobservable inputs reflect Curi's Valuation Committee's own assumptions about the factors that market participants would use in pricing an investment and are based on the best information available. These inputs include, but are not limited to, the cost of the security at the date of purchase; fundamental analytical data relating to the issuer of the security, the type of security and relevant financial statements; special reports, if any, prepared by qualified analysts; and the nature and duration of restrictions, if any, on disposition of the security. Securities using this technique are generally thinly traded or privately placed, and may be valued using broker quotes, which may not only use observable or unobservable inputs but may also include the use of brokers' own judgments about the assumptions that market participants would use.

The following table provides the fair value measurements of applicable Fund assets by security class and fair value hierarchy level as of March 31, 2026. The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may materially differ from the value received upon actual sale of those investments.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **At March 31, 2026** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **RMB Quality Intermediate Tax-Exempt Municipal Fund** | **RMB Quality Intermediate Tax-Exempt Municipal Fund** | | | |
| **Assets** | | | | |
| Municipal Bonds<sup>1</sup> | $- | $103678348 | $- | $103678348 |
| U.S. Treasury Securities | - | 19420703 | - | 19420703 |
| Money Market Funds | 1746091 | - | - | 1746091 |
| **Total Investments**  | $1746091 | $123099051 | $- | $124845142 |

---

<sup>1</sup> Refer to the Fund's Schedule of Investments for a breakdown of holdings by state.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** RMB Investors Trust

- **b. Investment Company Act file number:** 811-00994

- **c. CIK number of Registrant:** 0000030126

- **d. LEI of Registrant:** 549300570F7FXT1I1D59

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

  - **Street Address 1:** One North Wacker Drive

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 800-462-2392

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

- **a. Name of Series:** RMB Quality Intermediate Tax-Exempt Municipal Fund

- **b. EDGAR series identifier (if any):** S000094874

- **c. LEI of Series:** 254900YCMEI5NUATN707

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $125111286.07

**Total Liabilities:** $354132.04

**Net Assets:** $124757154.03

**Delayed Delivery Securities:** $231049.75

**Cash Not Reported:** $4.24

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7141.175446000000 | **1-Year:** 8836.955962000000 | **5-Year:** 26991.342150000000 | **10-Year:** 16157.194531000000 | **30-Year:** 10.563966000000

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

- **3-Month:** 74.177415000000 | **1-Year:** 250.219139000000 | **5-Year:** 393.502464000000 | **10-Year:** 7.902115000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000263453 | 0.73%                | 0.74%                | -1.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2969.98                 | $438934.18                                 |
| Month 2  | $0.00                    | $624018.57                                 |
| Month 3  | $240.50                  | $-2293695.67                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CONNECTICUT ST                 | State of Connecticut                                                             | CUSIP: 20772JB35<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    405000 | PA      | $404988.38    | 0.32%             | 2035-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CULLMAN AL                     | City of Cullman AL                                                               | CUSIP: 230039VC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20269.45     | 0.02%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX AREA RAPID TRANSIT S | Dallas Area Rapid Transit                                                        | CUSIP: 235241SR8<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    300000 | PA      | $300019.86    | 0.24%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOVER TWP PA SWR AUTH          | Dover Township Sewer Authority                                                   | CUSIP: 260480KQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $657238.47    | 0.53%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST MONTGOMERY CNTY TX MUN UT | East Montgomery County Municipal Utility District No 4                           | CUSIP: 27373QBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $274540.70    | 0.22%             | 2029-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EUSTIS FL WTR & SWR REVENUE    | City of Eustis FL Water & Sewer Revenue                                          | CUSIP: 298865BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $92741.57     | 0.07%             | 2036-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| FREDON TWP NJ SCH DIST         | Fredon Township Board of Education                                               | CUSIP: 356015CE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $632909.03    | 0.51%             | 2033-07-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GREENVILLE NC COMB ENTERPRISE  | Greenville Utilities Commission                                                  | CUSIP: 396290CL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25049.14     | 0.02%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CICERO IN                      | Town of Cicero IN                                                                | CUSIP: 171709DA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273201.35    | 0.22%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MEADVILLE MO REORG SCH DIST #R | Meadville Reorganized School District No R-4 Linn                                | CUSIP: 583247CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50890.64     | 0.04%             | 2037-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| METCALFE CNTY KY SCH DIST FINC | Metcalfe County School District Finance Corp                                     | CUSIP: 591459GS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24980.82     | 0.02%             | 2030-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MONROE CNTY GA SCH DIST        | Monroe County School District/GA                                                 | CUSIP: 610550CY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66313.12     | 0.05%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX RIVER AUTH WSTW | San Antonio River Authority Wastewater System Revenue                            | CUSIP: 796352DK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51832.54     | 0.04%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SEATTLE WA DRAIN & WSTWTR REVE | City of Seattle WA Drainage & Wastewater Revenue                                 | CUSIP: 812631PN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $232959.08    | 0.19%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHAWNEE KS                     | City of Shawnee KS                                                               | CUSIP: 820667ZY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30739.65     | 0.02%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD TN                 | City of Springfield TN                                                           | CUSIP: 851392TA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $52159.06     | 0.04%             | 2036-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| STRASBURG CO SCH DIST #31J     | Strasburg School District No 31J                                                 | CUSIP: 862602DZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $292095.40    | 0.23%             | 2039-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOHOPEKALIGA FL WTR AUTH UTILI | Tohopekaliga Water Authority                                                     | CUSIP: 88906REY2<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |    215000 | PA      | $215496.87    | 0.17%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNION SPRINGS NY CENTRL SCH DI | Union Springs Central School District                                            | CUSIP: 908380JB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10002.30     | 0.01%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CPN5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $981679.69    | 0.79%             | 2030-11-30      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CQE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $991210.94    | 0.79%             | 2029-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CLEMSON SC UNIV HGR EDU REVENU | Clemson University                                                               | CUSIP: 185633BK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49905.93     | 0.04%             | 2030-05-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| CLINTON-MACOMB MI PUBLIC LIBRA | Clinton-Macomb Public Library                                                    | CUSIP: 187857DU8<br>LEI: 549300ZZ6YEGU7W0IW34 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149461.80    | 0.12%             | 2032-04-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CNTY GA PUB FACS AUTH | Columbia County Public Facilities Authority                                      | CUSIP: 197483AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30744.44     | 0.02%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758XH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104191.51    | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOLIDGE TX INDEP SCH DIST     | Coolidge Independent School District                                             | CUSIP: 216471FS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $400522.39    | 0.32%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL             | County of Miami-Dade FL                                                          | CUSIP: 59333FUZ1<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1211350.38   | 0.97%             | 2037-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MURPHY TX                      | City of Murphy TX                                                                | CUSIP: 626752UV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $91747.71     | 0.07%             | 2038-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COOK KANE LAKE & MCHENRY CNTYS | Cook Kane Lake & McHenry Counties Community College District No 512              | CUSIP: 216181GQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55510.98     | 0.04%             | 2026-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CORSICANA TX                   | City of Corsicana TX                                                             | CUSIP: 220417Z77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $298429.47    | 0.24%             | 2041-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DERRY TWP PA                   | Township of Derry PA                                                             | CUSIP: 250061MW5<br>LEI: 549300KQ84SIR3W6X119 | Long             | DBT              | MUN               | US        |    155000 | PA      | $155006.71    | 0.12%             | 2028-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MADISON CNTY AL BRD OF EDU CAP | Madison County Board of Education/AL                                             | CUSIP: 556752NZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $430706.19    | 0.35%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MANATEE CNTY FL REVENUE        | County of Manatee FL                                                             | CUSIP: 561852GG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50784.14     | 0.04%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH DIST    | School Board of Miami-Dade County/The                                            | CUSIP: 59333RKT0<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |     20000 | PA      | $21781.50     | 0.02%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONONA GROVE WI SCH DIST       | Monona Grove School District/WI                                                  | CUSIP: 610056MA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72195.87     | 0.06%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW BRUNSWICK NJ               | City of New Brunswick NJ                                                         | CUSIP: 642815R97<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35002.13     | 0.03%             | 2030-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST MUNI BOND BAN | New Hampshire Municipal Bond Bank                                                | CUSIP: 64465P2U1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $215614.67    | 0.17%             | 2034-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971X3Y2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $923119.02    | 0.74%             | 2039-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5773.63      | 0.00%             | 2033-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| OAK CREEK WI                   | City of Oak Creek WI                                                             | CUSIP: 671137L47<br>LEI: 549300FLUIG6KPZ61B39 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10411.91     | 0.01%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                                    | CUSIP: 6775226F6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261834.58    | 0.21%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH WTR POLL  | Ohio Water Development Authority Water Pollution Control Loan Fund               | CUSIP: 67766WN99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $678168.72    | 0.54%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORCHARD PARK NY CENTRL SCH DIS | Orchard Park Central School District                                             | CUSIP: 685644XF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $274704.17    | 0.22%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND TX                    | City of Portland TX                                                              | CUSIP: 736831A40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $234234.63    | 0.19%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST       | Central Florida Tourism Oversight District                                       | CUSIP: 758449RL8<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    800000 | PA      | $807342.56    | 0.65%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TECUMSEH MI                    | City of Tecumseh MI                                                              | CUSIP: 878793GX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $307931.00    | 0.25%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MURRAY CITY UT SCH DIST        | Murray City School District                                                      | CUSIP: 626864HA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21286.49     | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HLTH CARE FACS F | New Jersey Health Care Facilities Financing Authority                            | CUSIP: 645790FQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4985.90      | 0.00%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP SCH DIST #709  | Duluth Independent School District No 709                                        | CUSIP: 264471ME0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2009376.20   | 1.61%             | 2026-09-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DURAND WI SCH DIST             | Durand School District/WI                                                        | CUSIP: 266423DY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249867.60    | 0.20%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| EAST BATON ROUGE PARISH LA CAP | Parish of East Baton Rouge Capital Improvements District                         | CUSIP: 270773BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134349.75    | 0.11%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E NEWTON CNTY MO REORG SCH DIS | Newton County Reorganized School District No R-6                                 | CUSIP: 273807CL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $181814.83    | 0.15%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FALMOUTH MA                    | Town of Falmouth MA                                                              | CUSIP: 306801W31<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49367.92     | 0.04%             | 2038-10-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FORSYTH CNTY GA WTR & SEWERAGE | Forsyth County Water & Sewerage Authority                                        | CUSIP: 346609KC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68206.18     | 0.05%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARNER-HAYFIELD-VENTURA CMNTY  | Garner-Hayfield-Ventura Community School District                                | CUSIP: 366250AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $257300.04    | 0.21%             | 2036-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST LOCAL GOVT ENVRNM | Louisiana Local Government Environmental Facilities & Community Development Auth | CUSIP: 54628CKA9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10114.84     | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISVILLE & JEFFERSON CNTY KY | Louisville Water Co                                                              | CUSIP: 54659RDM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $754978.41    | 0.61%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARS PA AREA SCH DIST          | Mars Area School District                                                        | CUSIP: 571720SX0<br>LEI: 549300UINQBC7HS64443 | Long             | DBT              | MUN               | US        |    185000 | PA      | $178816.17    | 0.14%             | 2038-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $87162.73     | 0.07%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CHARLES PARISH LA SCH DI | St Charles Parish School District No 1                                           | CUSIP: 788076SR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $224441.06    | 0.18%             | 2035-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SAINT PETERSBURG FL PUBLIC UTI | City of St Petersburg FL Public Utility Revenue                                  | CUSIP: 793323VG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151195.41    | 0.12%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK                       | City of Tulsa OK                                                                 | CUSIP: 899645J89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041392.20   | 0.83%             | 2029-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XSF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107512.92    | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST HSG FIN AGY AFFORD | New York State Housing Finance Agency                                            | CUSIP: 64987J7X3<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    250000 | PA      | $248291.75    | 0.20%             | 2045-11-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| APPLETON WI AREA SCH DIST      | Appleton Area School District                                                    | CUSIP: 038106SS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $139668.28    | 0.11%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUBURN ME                      | City of Auburn ME                                                                | CUSIP: 050375ZC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252278.35    | 0.20%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARBOURVILLE KY INDEP SCH DIST | Barbourville Independent School District Finance Corp                            | CUSIP: 06729PEV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $119319.68    | 0.10%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BEAVER DAM WI                  | City of Beaver Dam WI                                                            | CUSIP: 075131SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.08%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92519.12     | 0.07%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99140.72     | 0.08%             | 2032-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $99589.15     | 0.08%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $123873.61    | 0.10%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BROKEN ARROW OK                | City of Broken Arrow OK                                                          | CUSIP: 112097U73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22184.42     | 0.02%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CPY1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $992500.00    | 0.80%             | 2033-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CQD6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $980664.06    | 0.79%             | 2031-02-28      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VERA WA WTR & PWR              | Vera Water & Power                                                               | CUSIP: 923357BU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199323.86    | 0.16%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON MD SUBURBAN SAN DIS | Washington Suburban Sanitary Commission                                          | CUSIP: 940157T59<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100090.93    | 0.08%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BROWNSBURG IN                  | Town of Brownsburg IN                                                            | CUSIP: 11609HDE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99947.19     | 0.08%             | 2026-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST TOLL HIGHWAY AUTH  | Illinois State Toll Highway Authority                                            | CUSIP: 452252LF4<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200122.72    | 0.16%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KELLER TX                      | City of Keller TX                                                                | CUSIP: 487685AK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199411.90    | 0.16%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TN ELEC REVENUE      | City of Knoxville TN Electric System Revenue                                     | CUSIP: 499746J89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $109100.41    | 0.09%             | 2036-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LAKE WHATCOM WA WTR & SWR DIST | Lake Whatcom Water & Sewer District                                              | CUSIP: 511292BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64996.74     | 0.05%             | 2035-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEWIS CNTY KY SCH DIST FIN COR | Lewis County School District Finance Corp                                        | CUSIP: 527759QM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24422.08     | 0.02%             | 2035-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| LEXINGTON TN ELEC REVENUE      | City of Lexington TN Electric Revenue                                            | CUSIP: 529658EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66855.61     | 0.05%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINCOLN CNTY MO FIRE PROT DIST | Lincoln County Fire Protection District No 1                                     | CUSIP: 533241BC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10968.56     | 0.01%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LINO LAKES MN                  | City of Lino Lakes MN                                                            | CUSIP: 536060PL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $355463.86    | 0.28%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOVEJOY TX INDEP SCH DIST      | Lovejoy Independent School District                                              | CUSIP: 547160QW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50007.41     | 0.04%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SHEBOYGAN FALLS WI SCH DIST    | Sheboygan Falls School District                                                  | CUSIP: 821013GM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125137.59    | 0.10%             | 2027-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIMPSON CNTY KY SCH DIST FIN C | Simpson County School District Finance Corp                                      | CUSIP: 829021KV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25001.78     | 0.02%             | 2028-08-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| LUCAS CNTY OH                  | County of Lucas OH                                                               | CUSIP: 54930LPK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135181.82    | 0.11%             | 2028-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LUVERNE MN INDEP SCH DIST #218 | Luverne Independent School District No 2184                                      | CUSIP: 550664DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $14558.89     | 0.01%             | 2036-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH CNTY WA SCH DIST #10 | Snohomish County School District No 103 Monroe                                   | CUSIP: 833209MH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43871.41     | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOMERSET MA                    | Town of Somerset MA                                                              | CUSIP: 834834SH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $225693.74    | 0.18%             | 2043-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MAIZE KS                       | City of Maize KS                                                                 | CUSIP: 560687WW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100827.85    | 0.08%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST                    | State of Maryland                                                                | CUSIP: 574193LW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $159870.05    | 0.13%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST              | State of South Carolina                                                          | CUSIP: 83710RZP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49895.86     | 0.04%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SULLIVAN CNTY NY               | County of Sullivan NY                                                            | CUSIP: 865270YK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $556006.97    | 0.45%             | 2033-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RFT8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    200000 | PA      | $196893.14    | 0.16%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST               | Commonwealth of Massachusetts                                                    | CUSIP: 57582RV45<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1539352.03   | 1.23%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST CLG BLDG AUTH | Massachusetts State College Building Authority                                   | CUSIP: 575832B58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $244999.17    | 0.20%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN                     | City of Memphis TN                                                               | CUSIP: 586145Z23<br>LEI: 254900N4APYJWTAF5J46 | Long             | DBT              | MUN               | US        |     15000 | PA      | $16472.46     | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SULLIVAN CNTY TN               | County of Sullivan TN                                                            | CUSIP: 865287TL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $344171.75    | 0.28%             | 2036-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MEMPHIS TN GAS SYSTEM REVENUE  | City of Memphis TN Memphis Light Gas & Water Division Gas Revenue                | CUSIP: 58616PAM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71035.48     | 0.06%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI BEACH FL STORMWTR REVENU | City of Miami Beach FL Stormwater Revenue                                        | CUSIP: 59324PDB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115004.11    | 0.09%             | 2036-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MITCHELL CNTY IA               | County of Mitchell IA                                                            | CUSIP: 606521HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $378024.04    | 0.30%             | 2027-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOUNT PROSPECT IL              | Village of Mount Prospect IL                                                     | CUSIP: 622826WY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30019.85     | 0.02%             | 2037-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MUNSTER IN WTRWKS REVENUE      | Town of Munster IN Waterworks Revenue                                            | CUSIP: 626405DR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $495624.63    | 0.40%             | 2033-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NEVADA MO REORG SCH DIST #R-5  | Vernon County Reorganized School District No R-5 Nevada                          | CUSIP: 641372CK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $339105.66    | 0.27%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST               | State of New Hampshire                                                           | CUSIP: 64468FBS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $128414.55    | 0.10%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971XKN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24453.80     | 0.02%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5044.78      | 0.00%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OMAHA NE                       | City of Omaha NE                                                                 | CUSIP: 6817123B9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15182.97     | 0.01%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONALASKA WI SCH DIST           | Onalaska School District                                                         | CUSIP: 682225LD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27258.69     | 0.02%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ORANGE BEACH AL WTR SWR & FIRE | Orange Beach Water Sewer & Fire Protection Authority                             | CUSIP: 68407MAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $265937.97    | 0.21%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL WTR & WSTWTR RE | County of Orange FL Water Utility System Revenue                                 | CUSIP: 684554EQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $270136.79    | 0.22%             | 2032-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ UNIF SCH DIST #12 | Pima County Unified School District No 12 Sunnyside                              | CUSIP: 721849LV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100009.01    | 0.08%             | 2034-07-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420BJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72812.22     | 0.06%             | 2035-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROGERS AR SCH DIST #30         | Rogers School District No 30                                                     | CUSIP: 775082R51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35000.99     | 0.03%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ROGERS TX INDEP SCH DIST       | Rogers Independent School District                                               | CUSIP: 775286GZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $198634.36    | 0.16%             | 2030-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SM EDUCTNL BLDG CORP MS        | University of Southern Mississippi/The                                           | CUSIP: 784532FK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249536.58    | 0.20%             | 2029-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISHL | St John the Baptist Parish School District No 1                                  | CUSIP: 790229SE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50009.27     | 0.04%             | 2033-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY KY BRD OF EDU      | Shelby County Public School District                                             | CUSIP: 821601BM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64944.85     | 0.05%             | 2040-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SHOREWOOD WI                   | Village of Shorewood WI                                                          | CUSIP: 825230RA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $330953.13    | 0.27%             | 2029-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SNOHOMISH & ISLAND CNTYS WA SC | Snohomish & Island Counties School District No 401 Stanwood-Camano               | CUSIP: 833068MS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5050.60      | 0.00%             | 2033-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRING HILL KS                 | City of Spring Hill KS                                                           | CUSIP: 849658TK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20887.58     | 0.02%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPRING LAKE PARK MN INDEP SCH  | Spring Lake Park Independent School District No 16                               | CUSIP: 849832VT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40011.33     | 0.03%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STEVENS CNTY MN                | County of Stevens MN                                                             | CUSIP: 860218GL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10443.18     | 0.01%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TACOMA WA SWR REVENUE          | City of Tacoma WA Sewer Revenue                                                  | CUSIP: 873545LH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113625.90    | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST                   | State of Tennessee                                                               | CUSIP: 880541J24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1230440.86   | 0.99%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TIPTON IN CMNTY SCH CORP       | Tipton Community School Corp                                                     | CUSIP: 888111AR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40127.06     | 0.03%             | 2026-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRI-CNTY MET TRANSPRTN DIST OR | Tri-County Metropolitan Transportation District of Oregon                        | CUSIP: 89546RQG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5181.54      | 0.00%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK                       | City of Tulsa OK                                                                 | CUSIP: 899645K79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $434626.00    | 0.35%             | 2036-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CEB3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $946777.34    | 0.76%             | 2029-02-28      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CPA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $987636.72    | 0.79%             | 2030-09-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| UNIV OF CALIFORNIA REVENUES    | University of California                                                         | CUSIP: 91412GW50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $25704.97     | 0.02%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST RESOURCES AUTH INF | Virginia Resources Authority                                                     | CUSIP: 92818MAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    770000 | PA      | $760702.94    | 0.61%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609DY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $160074.87    | 0.13%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARVIN CA UNION SCH DIST        | Arvin Union School District                                                      | CUSIP: 043303FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $23455.69     | 0.02%             | 2041-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AUBURN MA                      | Town of Auburn MA                                                                | CUSIP: 050411RM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99937.47     | 0.08%             | 2029-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AURORA IL                      | City of Aurora IL                                                                | CUSIP: 051645N21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445027.46    | 0.36%             | 2035-12-30      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 0523975B8<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    465000 | PA      | $514985.73    | 0.41%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609EB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $95683.96     | 0.08%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANCHOR BAY MI SCH DIST         | Anchor Bay School District                                                       | CUSIP: 032879YZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $261689.08    | 0.21%             | 2043-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $91914.50     | 0.07%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 052397R73<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    750000 | PA      | $828754.80    | 0.66%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AVONDALE MI SCH DIST           | Avondale School District                                                         | CUSIP: 054375TX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44990.88     | 0.04%             | 2037-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BARBOURVILLE KY INDEP SCH DIST | Barbourville Independent School District Finance Corp                            | CUSIP: 06729PEZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $131563.82    | 0.11%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BARREN CNTY KY SCH DIST FIN CO | Barren County School District Finance Corp                                       | CUSIP: 068461UC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4988.60      | 0.00%             | 2034-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| BASALT & RURAL FIRE PROT DIST  | Basalt & Rural Fire Protection District                                          | CUSIP: 069745CD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $49857.28     | 0.04%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BELLMEAD TX                    | City of Bellmead TX                                                              | CUSIP: 079635ES3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220005.65    | 0.18%             | 2030-03-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BEXAR CNTY TX                  | County of Bexar TX                                                               | CUSIP: 088281W71<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250033.38    | 0.20%             | 2029-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BIRMINGHAM AL WTRWKS BRD WTR R | City of Birmingham Regional Water Works                                          | CUSIP: 091096KM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152606.70    | 0.12%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOTHELL WA                     | City of Bothell WA                                                               | CUSIP: 101295HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306744.87    | 0.25%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOULDER CO STORM WTR & FLOOD M | City of Boulder CO Storm Water & Flood Management Revenue                        | CUSIP: 101458CU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $88634.08     | 0.07%             | 2033-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| BROKEN ARROW OK                | City of Broken Arrow OK                                                          | CUSIP: 112097WC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65008.55     | 0.05%             | 2029-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUFFALO MN                     | City of Buffalo MN                                                               | CUSIP: 119638XY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $400008.00    | 0.32%             | 2031-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CENTRL LAKE CNTY IL JT ACTIONW | Central Lake County Joint Action Water Agency                                    | CUSIP: 153821HG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75042.17     | 0.06%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46304.21     | 0.04%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLINTON TWP NJ                 | Township of Clinton NJ                                                           | CUSIP: 188612GT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5000.44      | 0.00%             | 2030-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758YG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    760000 | PA      | $799264.34    | 0.64%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CORAL SPRINGS FL SPL OBLIG     | City of Coral Springs FL                                                         | CUSIP: 218054AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $252428.23    | 0.20%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEFOREST WI                    | Village of DeForest WI                                                           | CUSIP: 240297PR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83054.93     | 0.07%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DEL RIO TX                     | City of Del Rio TX                                                               | CUSIP: 245379G63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100008.34    | 0.08%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DENNIS TWP NJ                  | Township of Dennis NJ                                                            | CUSIP: 248599CM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $323654.73    | 0.26%             | 2033-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DERBY KS                       | City of Derby KS                                                                 | CUSIP: 249776BN4<br>LEI: 549300CONBN0WRKRFQ93 | Long             | DBT              | MUN               | US        |     75000 | PA      | $72853.14     | 0.06%             | 2035-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| ELKHART IN CMNTY SCHS BLDG COR | Elkhart Community Schools Building Corp                                          | CUSIP: 287497H46<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34803.49     | 0.03%             | 2038-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| HAMBURG PA AREA SCH DIST       | Hamburg Area School District                                                     | CUSIP: 406660PX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100008.88    | 0.08%             | 2028-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HARTFORD WI JT SCH DIST #1     | Hartford Joint School District No 1                                              | CUSIP: 416791GP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $93384.50     | 0.07%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HORRY CNTY SC                  | County of Horry SC                                                               | CUSIP: 440668WX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49275.38     | 0.04%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUTTO TX                       | City of Hutto TX                                                                 | CUSIP: 448474ZA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $238777.24    | 0.19%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JAY IN SCHS BLDG CORP          | Jay Schools Building Corp                                                        | CUSIP: 47206PHP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $402598.22    | 0.32%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KANSAS ST DEV FIN AUTH REVENUE | Kansas Development Finance Authority                                             | CUSIP: 48542RQA5<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53452.61     | 0.04%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA SALLE & BUREAU CNTYS IL TWP | La Salle & Bureau Counties Township High School District No 120 LaSalle-Peru     | CUSIP: 504480DM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $542356.18    | 0.43%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LEXINGTON TN ELEC REVENUE      | City of Lexington TN Electric Revenue                                            | CUSIP: 529658EK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60441.68     | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LITTLE ROCK AR SCH DIST        | Little Rock School District                                                      | CUSIP: 537428X58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $488909.35    | 0.39%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MADISON IN CONSOL SCH BLDG COR | Madison Consolidated School Building Corp/IN                                     | CUSIP: 557611JW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $116729.04    | 0.09%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MCKINNEY TX                    | City of McKinney TX                                                              | CUSIP: 58178CKU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22490.52     | 0.02%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MELBOURNE FL                   | City of Melbourne FL                                                             | CUSIP: 585344AM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $570462.18    | 0.46%             | 2034-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MELISSA TX                     | City of Melissa TX                                                               | CUSIP: 585483PD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5001.39      | 0.00%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MELISSA TX                     | City of Melissa TX                                                               | CUSIP: 585483PX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500229.50    | 0.40%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MORENCI MI AREA SCHS           | Morenci Area Schools                                                             | CUSIP: 616828EZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $114417.76    | 0.09%             | 2034-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MUNSTER IN WTRWKS REVENUE      | Town of Munster IN Waterworks Revenue                                            | CUSIP: 626405EC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110265.45    | 0.09%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Future Tax Secured Revenue          | CUSIP: 64971X2B3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $104200.57    | 0.08%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority Building Aid Revenue                | CUSIP: 64972HTX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $82759.44     | 0.07%             | 2042-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH FOND DU LAC WI           | Village of North Fond Du Lac WI                                                  | CUSIP: 659392KH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $224143.63    | 0.18%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OLATHE KS                      | City of Olathe KS                                                                | CUSIP: 679384RE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1015000 | PA      | $1051447.03   | 0.84%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OWEN CNTY KY SCH DIST FIN CORP | Owen County School District Finance Corp                                         | CUSIP: 690689JP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $227371.88    | 0.18%             | 2037-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| POCAHONTAS CNTY IA             | County of Pocahontas IA                                                          | CUSIP: 730238AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $36009.36     | 0.03%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| UNICOI CNTY TN                 | County of Unicoi TN                                                              | CUSIP: 904648NQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012055.40   | 0.81%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CPR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $986503.91    | 0.79%             | 2030-12-31      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CQC8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $977265.62    | 0.78%             | 2033-02-28      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| VERONA TWP NJ                  | Township of Verona NJ                                                            | CUSIP: 92505PDT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20001.72     | 0.02%             | 2030-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WEST BEND WI                   | City of West Bend WI                                                             | CUSIP: 951428LX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $807710.56    | 0.65%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| W FARGO ND                     | City of West Fargo ND                                                            | CUSIP: 952718ZY3<br>LEI: 549300V5NOGBRXUP7P25 | Long             | DBT              | MUN               | US        |    175000 | PA      | $182936.93    | 0.15%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WOOD CNTY WI                   | County of Wood WI                                                                | CUSIP: 978369LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61914.71     | 0.05%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WYLIE TX INDEP SCH DIST        | Wylie Independent School District                                                | CUSIP: 9830685Y9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $302242.86    | 0.24%             | 2041-08-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| BERGEN CNTY NJ                 | County of Bergen NJ                                                              | CUSIP: 083763TR3<br>LEI: 549300SC7R4EFIYK0S67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $198353.20    | 0.16%             | 2031-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BERKELEY TWP NJ                | Township of Berkeley NJ                                                          | CUSIP: 084375HS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100020.13    | 0.08%             | 2029-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOONE TWP IN SCH BLDG CORP     | Boone Township School Building Corp                                              | CUSIP: 099140FV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $367272.66    | 0.29%             | 2038-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QVT0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107505.58    | 0.09%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORT WAYNE IN STORMWTR MGMT DI | City of Fort Wayne IN Storm Water District Revenue                               | CUSIP: 34929MCM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $291242.19    | 0.23%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GTR HAZLETON PA JT SWR AUTH    | Greater Hazleton Joint Sewer Authority                                           | CUSIP: 391856ER8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20568.39     | 0.02%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GREENVILLE NC UTILITIES COMMIS | Greenville Utilities Commission                                                  | CUSIP: 396321EW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $161765.34    | 0.13%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILDERLAND NY CENTRL SCH DIST | Guilderland Central School District                                              | CUSIP: 401754TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99999.76     | 0.08%             | 2030-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HARDIN & HOUSTON OH LOCAL SCH  | Hardin & Houston Local School District                                           | CUSIP: 412162EY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $110025.92    | 0.09%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENDERSON KY                   | City of Henderson KY                                                             | CUSIP: 425074LG4<br>LEI: 549300UJ32J1O26W1T80 | Long             | DBT              | MUN               | US        |    405000 | PA      | $405746.17    | 0.33%             | 2027-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| IRMO-CHAPIN SC RECREATIONAL DI | Irmo-Chapin Recreational District                                                | CUSIP: 462718EY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $34871.61     | 0.03%             | 2029-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WILKINSBURG BORO PA SCH DIST   | Wilkinsburg School District                                                      | CUSIP: 968495FK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39935.53     | 0.03%             | 2029-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TX             | County of Williamson TX                                                          | CUSIP: 9698876M5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $325136.53    | 0.26%             | 2034-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| COWLITZ CNTY WA SCH DIST #458K | Cowlitz County School District No 458 Kelso/WA                                   | CUSIP: 223883FN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66064.90     | 0.05%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROWLEY TX                     | City of Crowley TX                                                               | CUSIP: 228111VT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48547.76     | 0.04%             | 2037-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DURHAM NC UTILITY SYS REVENUE  | City of Durham NC Water & Sewer Utility System Revenue                           | CUSIP: 266818BN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $751345.65    | 0.60%             | 2034-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KENOSHA WI UNIF SCH DIST #1    | Kenosha Unified School District No 1/WI                                          | CUSIP: 489836TW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $604988.14    | 0.48%             | 2029-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KNOXVILLE TN ELEC REVENUE      | City of Knoxville TN Electric System Revenue                                     | CUSIP: 499746XY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99890.04     | 0.08%             | 2028-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LONGVIEW TX INDEP SCH DIST     | Longview Independent School District                                             | CUSIP: 543264ZL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91800.32     | 0.07%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MADISON WI                     | City of Madison WI                                                               | CUSIP: 55844RQB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20005.56     | 0.02%             | 2026-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MEDFORD OR REVENUE             | City of Medford OR                                                               | CUSIP: 584288GA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203098.76    | 0.16%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEMPHIS MI CMNTY SCHS          | Memphis Community Schools                                                        | CUSIP: 586073JQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115889.03    | 0.09%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET ATLANTA GA RAPID TRANSIT A | Metropolitan Atlanta Rapid Transit Authority                                     | CUSIP: 591745X74<br>LEI: 5493006NVWO3NVLK0F49 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251552.60    | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINOT ND PUBLIC SCH DIST #1    | Minot Public School District No 1                                                | CUSIP: 604382GU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519295.20    | 0.42%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MURFREESBORO TN                | City of Murfreesboro TN                                                          | CUSIP: 626524S29<br>LEI: 5493004HW7N2IUAQK610 | Long             | DBT              | MUN               | US        |    935000 | PA      | $920261.97    | 0.74%             | 2031-06-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| NANUET NY UNION FREE SCH DIST  | Nanuet Union Free School District                                                | CUSIP: 630242JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5130.89      | 0.00%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| N CHARLESTON SC                | City of North Charleston SC                                                      | CUSIP: 658553EY4<br>LEI: 549300Y9QXZ4L5X8SP87 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19999.43     | 0.02%             | 2027-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST                        | State of Ohio                                                                    | CUSIP: 677523FC1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    165000 | PA      | $177355.78    | 0.14%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST WTR DEV AUTH REVENUE   | Ohio Water Development Authority                                                 | CUSIP: 67765QCR5<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101537.57    | 0.08%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OREGON WI SCH DIST             | Oregon School District/WI                                                        | CUSIP: 685814MX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197455.18    | 0.16%             | 2032-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PEARLAND TX INDEP SCH DIST     | Pearland Independent School District                                             | CUSIP: 704880BU6<br>LEI: 549300UU8ZB6DL6OXQ09 | Long             | DBT              | MUN               | US        |     60000 | PA      | $63941.40     | 0.05%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                                                 | CUSIP: 709224XW4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    180000 | PA      | $180650.47    | 0.14%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAUK CNTY WI                   | County of Sauk WI                                                                | CUSIP: 804328JT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19991.70     | 0.02%             | 2027-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CNTY KS UNIF SCH DIST | Sedgwick County Unified School District No 260 Derby                             | CUSIP: 815628JL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120088.44    | 0.10%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALASKA ST                      | State of Alaska                                                                  | CUSIP: 0117705S9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $345945.39    | 0.28%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALLEN TX                       | City of Allen TX                                                                 | CUSIP: 018095ZZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290029.58    | 0.23%             | 2027-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609EH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307264.50    | 0.25%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ANDERSON-SHIRO TX CONSOL INDEP | Anderson-Shiro Consolidated Independent School District                          | CUSIP: 034078KW4<br>LEI: 549300012DSY6BNSYC22 | Long             | DBT              | MUN               | US        |    370000 | PA      | $358696.13    | 0.29%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ARGOS IN CMNTY SCHS BLDG CORP  | Argos Community Schools Building Corp                                            | CUSIP: 040204GA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52874.72     | 0.04%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX INDEP SCH DIST    | Arlington Independent School District/TX                                         | CUSIP: 041827AE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52323.18     | 0.04%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AUSTIN TX                      | City of Austin TX                                                                | CUSIP: 0523975F9<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |     90000 | PA      | $97744.65     | 0.08%             | 2043-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEECH GROVE IN CENTRL SCH BLDG | Beech Grove Central School Building Corp                                         | CUSIP: 076692FD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $211057.57    | 0.17%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85928.46     | 0.07%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $98538.82     | 0.08%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105550.67    | 0.08%             | 2033-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209EA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $206577.72    | 0.17%             | 2040-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BENZIE CNTY MI CENTRL SCHS     | Benzie County Central Schools/MI                                                 | CUSIP: 083473FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5142.40      | 0.00%             | 2035-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BI-ST DEV AGY OF THE MO-IL MET | Bi-State Development Agency of the Missouri-Illinois Metropolitan District       | CUSIP: 088632BX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $134357.02    | 0.11%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIDDEFORD ME                   | City of Biddeford ME                                                             | CUSIP: 088833QD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $118224.41    | 0.09%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BIG SPRING PA SCH DIST         | Big Spring School District                                                       | CUSIP: 089543GQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100019.41    | 0.08%             | 2028-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| BILLINGS MT TAX INCR URBAN REN | City of Billings MT                                                              | CUSIP: 090141FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210042.95    | 0.17%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLANCO CNTY TX                 | County of Blanco TX                                                              | CUSIP: 093338CF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10900.67     | 0.01%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BLOOMINGTON IN                 | City of Bloomington IN                                                           | CUSIP: 094599CP0<br>LEI: 5493005Q4CKD9B975C61 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5014.98      | 0.00%             | 2036-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BLUE EARTH CNTY MN             | County of Blue Earth MN                                                          | CUSIP: 095410RF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1213770.55   | 0.97%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BONHAM TX INDEP SCH DIST       | Bonham Independent School District                                               | CUSIP: 098104MP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5344.54      | 0.00%             | 2053-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BOSTON MA                      | City of Boston MA                                                                | CUSIP: 100853VL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300005.19    | 0.24%             | 2027-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOTHELL WASH COMB UTIL REV     | City of Bothell WA Combined Utility Revenue                                      | CUSIP: 101298AS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24396.87     | 0.02%             | 2031-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BRISTOL RI                     | Town of Bristol RI                                                               | CUSIP: 110169Q69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $113357.30    | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRISTOL WI SCH DIST #1         | Bristol School District No 1/WI                                                  | CUSIP: 110381EU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5343.72      | 0.00%             | 2041-05-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BROOKLAND CAYCE SC SCH DIST #2 | Lexington County School District No 2                                            | CUSIP: 113709RQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $71188.03     | 0.06%             | 2034-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUENA VISTA-BETHEL TX SPL UTIL | Buena Vista-Bethel Special Utiltiy District                                      | CUSIP: 119224DT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $174004.28    | 0.14%             | 2032-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BURNSVILLE MN                  | City of Burnsville MN                                                            | CUSIP: 1224582R2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $4949.05      | 0.00%             | 2033-12-20      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CABOT AR SCH DIST #4 LONOKE CN | Lonoke County School District No 4 Cabot                                         | CUSIP: 127037WH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115538.86    | 0.09%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALDWELL CNTY TX               | County of Caldwell TX                                                            | CUSIP: 129006GF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $565152.72    | 0.45%             | 2028-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CHANHASSEN MN                  | City of Chanhassen MN                                                            | CUSIP: 159106FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10007.03     | 0.01%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV                  | County of Clark NV                                                               | CUSIP: 180848UJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $78786.10     | 0.06%             | 2033-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY OH                  | County of Clark OH                                                               | CUSIP: 181072QJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $73493.73     | 0.06%             | 2038-12-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY WA FIRE PROT DIST # | Clark County Fire Protection District No 6                                       | CUSIP: 18109TAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50359.26     | 0.04%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA MO SPL OBLIG          | City of Columbia MO                                                              | CUSIP: 198045MK9<br>LEI: 549300VPLMZFZSZPNV09 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51720.60     | 0.04%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLUMBUS OH CITY SCH DIST      | Columbus City School District                                                    | CUSIP: 1995075K6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55068.44     | 0.04%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST SPL TAX OBLIG R | State of Connecticut Special Tax Revenue                                         | CUSIP: 207758XJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $962221.72    | 0.77%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL CMNTY CONSOL SCHD | Cook County Community Consolidated School District No 15 Palatine                | CUSIP: 213291RE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63557.51     | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELANO MN                      | City of Delano MN                                                                | CUSIP: 245667PE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30002.21     | 0.02%             | 2032-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DETOUR MI AREA SCHS            | DeTour Area Schools                                                              | CUSIP: 250673CF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51899.14     | 0.04%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA               | District of Columbia                                                             | CUSIP: 25476FZB7<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106658.28    | 0.09%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DODGEVILLE WI                  | City of Dodgeville WI                                                            | CUSIP: 256561EA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $182132.35    | 0.15%             | 2039-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS AL WTR AUTH WTR REVENU | Douglas Water Authority                                                          | CUSIP: 258810AP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $327934.31    | 0.26%             | 2032-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DOUGLAS CNTY NE SCH DIST #59   | Douglas County School District No 59/NE                                          | CUSIP: 259353HF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40039.95     | 0.03%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUXBURY MA                     | Town of Duxbury MA                                                               | CUSIP: 267399UV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $391482.16    | 0.31%             | 2033-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FARMINGTON AR SCH DIST #6      | Farmington School District No 6                                                  | CUSIP: 311142XL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70002.74     | 0.06%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN CNTY PA               | County of Franklin PA                                                            | CUSIP: 353244FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $226121.56    | 0.18%             | 2038-11-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREMONT IN CMNTY SCHS          | Fremont Community Schools                                                        | CUSIP: 357294DP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $188928.26    | 0.15%             | 2036-01-15      | Fixed         | 0.05%                 | No            |                  2 | On Loan: No      |
| GALLATIN CNTY MT HIGH SCH DIST | Gallatin County High School District No 7 Bozeman                                | CUSIP: 363658KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20283.79     | 0.02%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GALT CA JT UNION ELEM SCH DIST | Galt Joint Union Elementary School District                                      | CUSIP: 364116BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5000.28      | 0.00%             | 2032-08-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GRANT CNTY WI                  | County of Grant WI                                                               | CUSIP: 388082DM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207560.74    | 0.17%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HAMPSHIRE IL                   | Village of Hampshire IL                                                          | CUSIP: 408864FD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $182705.11    | 0.15%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOT SPRINGS AR WTR REVENUE     | City of Hot Springs AR Waterworks Revenue                                        | CUSIP: 441182MY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303081.33    | 0.24%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MO                | City of Independence MO                                                          | CUSIP: 453632JC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83511.43     | 0.07%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING CNTY WA                   | County of King WA                                                                | CUSIP: 49474F2F6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $66000.34     | 0.05%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAREDO TX                      | City of Laredo TX                                                                | CUSIP: 516824CL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500108.20    | 0.40%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS VLY NV WTR DIST      | Las Vegas Valley Water District                                                  | CUSIP: 517845AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $416697.18    | 0.33%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEESBURG FL UTILITIES REVENUE  | City of Leesburg FL Utility System Revenue                                       | CUSIP: 524390PL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101158.46    | 0.08%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LEWISVILLE TX INDEP SCH DIST   | Lewisville Independent School District                                           | CUSIP: 52882PEQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $301612.44    | 0.24%             | 2038-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NICHOLAS CNTY KY SCH DIST FIN  | Nicholas County School District Finance Corp                                     | CUSIP: 653728GL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $175185.79    | 0.14%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORMAN OK                      | City of Norman OK                                                                | CUSIP: 656168PE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97793.60     | 0.08%             | 2031-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST                | Commonwealth of Pennsylvania                                                     | CUSIP: 70914PE99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95864.16     | 0.08%             | 2033-09-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PERRY MI PUBLIC SCHS           | Perry Public Schools                                                             | CUSIP: 714738MB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100086.66    | 0.08%             | 2030-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PICKENS CNTY SC                | County of Pickens SC                                                             | CUSIP: 719644FY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $53081.29     | 0.04%             | 2033-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PLAINFIELD IL WTR & SWR SYS RE | Village of Plainfield IL Water & Sewer System Revenue                            | CUSIP: 726273DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22235.90     | 0.02%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PLAINVIEW TX INDEP SCH DIST    | Plainview Independent School District                                            | CUSIP: 726736GT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101076.14    | 0.08%             | 2038-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PLEASANTON TX                  | City of Pleasanton TX                                                            | CUSIP: 728857TH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $177614.83    | 0.14%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PULASKI CNTY KY SCH DIST FIN C | Pulaski County School District Finance Corp                                      | CUSIP: 745474F76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407531.68    | 0.33%             | 2039-06-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| RACINE WI UNIF SCH DIST        | Racine Unified School District                                                   | CUSIP: 750046TU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $679923.40    | 0.54%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAMSEY CNTY MN                 | County of Ramsey MN                                                              | CUSIP: 751622QQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30003.50     | 0.02%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RAPID RIVER MI PUBLIC SCHS     | Rapid River Public Schools                                                       | CUSIP: 753407KG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $135419.69    | 0.11%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REEDSBURG WI SCH DIST          | Reedsburg School District                                                        | CUSIP: 758381FS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $54641.86     | 0.04%             | 2031-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| REEDY CREEK FL IMPT DIST       | Central Florida Tourism Oversight District                                       | CUSIP: 758449QN5<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150545.39    | 0.12%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RICHLAND CNTY SC               | County of Richland SC                                                            | CUSIP: 763631X60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $46258.79     | 0.04%             | 2028-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RIVER FALLS WI WTR SYS REV     | City of River Falls WI Water System Revenue                                      | CUSIP: 768194BC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21609.45     | 0.02%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420BG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $140913.55    | 0.11%             | 2034-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER IN CMNTY SCH CORP    | Rochester Community School Corp                                                  | CUSIP: 771420BH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73057.39     | 0.06%             | 2034-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ST CLAIR CNTY MI REGL EDUCTNL  | St Clair County Regional Educational Service Agency                              | CUSIP: 788706AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $231599.31    | 0.19%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LITTLE BLUE VLY MO SWR DIST SW | Little Blue Valley Sewer District                                                | CUSIP: 537011BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.80    | 0.08%             | 2031-09-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| MESA AZ UTILITY SYS REVENUE    | City of Mesa AZ Utility System Revenue                                           | CUSIP: 590545TZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115008.87    | 0.09%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTANA ST BRD OF HSG SF MTGE  | Montana Board of Housing                                                         | CUSIP: 61212WLP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $169698.18    | 0.14%             | 2035-12-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| SALINE CNTY KS KS UNIF SCH DIS | Saline Dickinson & McPherson Counties Unified School District No 306             | CUSIP: 79516JAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64871.27     | 0.05%             | 2027-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY AL                 | County of Shelby AL                                                              | CUSIP: 821515GA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $79177.58     | 0.06%             | 2037-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SIDNEY OH                      | City of Sidney OH                                                                | CUSIP: 826112LA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129563.25    | 0.10%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPRINGFIELD MA                 | City of Springfield MA                                                           | CUSIP: 850752VM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $708998.26    | 0.57%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT JOHN THE BAPTIST PARISHL | St John the Baptist Parish School District No 1                                  | CUSIP: 790229RE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69933.78     | 0.06%             | 2028-03-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS CNTY MN            | County of St Louis MN                                                            | CUSIP: 791230A96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $170524.40    | 0.14%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA   | City & County of San Francisco CA                                                | CUSIP: 797646P26<br>LEI: 549300RA28ZEFOB6M782 | Long             | DBT              | MUN               | US        |    315000 | PA      | $315002.71    | 0.25%             | 2030-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SANDY SPRINGS GA PUBLIC FACS A | Sandy Springs Public Facilities Authority                                        | CUSIP: 80036RDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $410865.14    | 0.33%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANDY SPRINGS GA PUBLIC FACS A | Sandy Springs Public Facilities Authority                                        | CUSIP: 80036RDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $292888.54    | 0.23%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SANTA MONICA-MALIBU CA UNIF SC | Santa Monica-Malibu Unified School District                                      | CUSIP: 802498XH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15100.69     | 0.01%             | 2041-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SARASOTA FL                    | City of Sarasota FL                                                              | CUSIP: 803327LJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124995.94    | 0.10%             | 2033-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SARATOGA SPRINGS UT WTR REVENU | City of Saratoga Springs UT Water Revenue                                        | CUSIP: 803566BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75032.83     | 0.06%             | 2027-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SCITUATE MA                    | Town of Scituate MA                                                              | CUSIP: 809095B35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15271.37     | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIDNEY OH                      | City of Sidney OH                                                                | CUSIP: 826112KM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $41881.88     | 0.03%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| S ADAMS CNTY CO WTR & SANTN DI | South Adams County Water & Sanitation District                                   | CUSIP: 83619CCM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $340705.33    | 0.27%             | 2037-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| S E POLK IA CMNTY SCH DIST     | Southeast Polk Community School District                                         | CUSIP: 841484MC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10874.57     | 0.01%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SPARTA WI                      | City of Sparta WI                                                                | CUSIP: 846748KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28028.62     | 0.02%             | 2034-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THURSTON CNTY WA SCH DIST #33T | Thurston County School District No 33 Tumwater/WA                                | CUSIP: 886155NK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100424.57    | 0.08%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TULSA OK PUBLIC FACS AUTH      | Tulsa Public Facilities Authority                                                | CUSIP: 899673CY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $309157.51    | 0.25%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 912828ZQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $876093.75    | 0.70%             | 2030-05-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CAE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $868574.22    | 0.70%             | 2030-08-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CEE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $959199.22    | 0.77%             | 2029-03-31      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51901.00     | 0.04%             | 2031-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL UT WTR CONSERVANCY DIST | Central Utah Water Conservancy District                                          | CUSIP: 15567RBQ5<br>LEI: 5493001AT8W3NBIEDB45 | Long             | DBT              | MUN               | US        |    885000 | PA      | $885257.45    | 0.71%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHAMBERSBURG PA AREA SCH DIST  | Chambersburg Area School District                                                | CUSIP: 157882UX7<br>LEI: 54930064JYU3OJPITC57 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25003.58     | 0.02%             | 2033-03-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CINCINNATI OH                  | City of Cincinnati OH                                                            | CUSIP: 172217A92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $381874.65    | 0.31%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLAY CNTY MN                   | County of Clay MN                                                                | CUSIP: 183396TX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $730496.06    | 0.59%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CFF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $925117.19    | 0.74%             | 2032-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CJX0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1002246.09   | 0.80%             | 2031-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CROSSVILLE TN                  | City of Crossville TN                                                            | CUSIP: 227669PE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $420791.11    | 0.34%             | 2035-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CROWN POINT IN MULTI-SCH BLDGC | Crown Point Multi School Building Corp                                           | CUSIP: 228485LF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107466.10    | 0.09%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS TX INDEP SCH DIST       | Dallas Independent School District                                               | CUSIP: 235308F65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76657.34     | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAYTON OH WTR SYS REVENUE      | City of Dayton OH Water System Revenue                                           | CUSIP: 239878EA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268064.48    | 0.21%             | 2040-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DELANO MN INDEP SCH DIST #879  | Delano Independent School District No 879                                        | CUSIP: 245685MK5<br>LEI: 549300XUL046U4HCJG57 | Long             | DBT              | MUN               | US        |    295000 | PA      | $290515.76    | 0.23%             | 2031-02-01      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| DENTON TX                      | City of Denton TX                                                                | CUSIP: 2488662E4<br>LEI: 549300UWEY8IKYK09T27 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247761.33    | 0.20%             | 2036-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DU PAGE CNTY IL CMNTY UNIT SCH | DuPage County Community Unit School District No 202 Lisle                        | CUSIP: 263496GD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    405000 | PA      | $409084.47    | 0.33%             | 2028-12-30      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUMFRIES VA                    | Dumfries VA                                                                      | CUSIP: 264700BD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $505274.54    | 0.41%             | 2042-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DUNN CNTY WI                   | County of Dunn WI                                                                | CUSIP: 265777LB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $253574.83    | 0.20%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| E WASHINGTON IN MULTI-SCH BLDG | East Washington Multi School Building Corp                                       | CUSIP: 275745EM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10133.70     | 0.01%             | 2036-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CNG2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1003515.62   | 0.80%             | 2030-05-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CNN7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $998457.03    | 0.80%             | 2030-07-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| EDISON OH LOCAL SCH DIST COPS  | Edison Local School District/Jefferson County                                    | CUSIP: 281102AJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $24958.64     | 0.02%             | 2029-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QAW6<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    200000 | PA      | $198521.62    | 0.16%             | 2030-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GMG IA CMNTY SCH DIST          | GMG Community School District                                                    | CUSIP: 36188ECL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $105840.58    | 0.08%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GARNER-HAYFIELD-VENTURA CMNTY  | Garner-Hayfield-Ventura Community School District                                | CUSIP: 366250AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303210.87    | 0.24%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSON CNTY MN                | County of Jackson MN                                                             | CUSIP: 467160RK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15275.32     | 0.01%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JOHNSON CNTY KY SCH DIST FIN C | Johnson County School District Finance Corp                                      | CUSIP: 478799VJ5<br>LEI: 549300DRVO24BRTNFG13 | Long             | DBT              | MUN               | US        |    140000 | PA      | $146063.53    | 0.12%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KALAMAZOO MI WSTWTR SYS REVENU | City of Kalamazoo MI Wastewater System Revenue                                   | CUSIP: 483273KK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $456716.74    | 0.37%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CPQ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $985605.47    | 0.79%             | 2032-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CQB0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $992187.50    | 0.80%             | 2028-02-29      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| UNIV OF CONNECTICUT CT         | University of Connecticut                                                        | CUSIP: 9142332V2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5352.93      | 0.00%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX | Utah Transit Authority                                                           | CUSIP: 917565GR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27240.23     | 0.02%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST                    | Commonwealth of Virginia                                                         | CUSIP: 928109X93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $950959.97    | 0.76%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASCO CA UNION SCH DIST        | Wasco Union Elementary School District                                           | CUSIP: 936822CZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5006.59      | 0.00%             | 2033-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WAXAHACHIE TX                  | City of Waxahachie TX                                                            | CUSIP: 944080YY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255746.39    | 0.20%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IN SWR REVENUE  | City of West Lafayette IN Sewer Revenue                                          | CUSIP: 953701FE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110443.94    | 0.09%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WINTERSET IA CMNTY SCH DIST    | Winterset Community School District                                              | CUSIP: 976214FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200019.94    | 0.16%             | 2027-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST TRANSPRTN REVENUE | Wisconsin Department of Transportation                                           | CUSIP: 9771232K3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $376019.59    | 0.30%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN ST TRANSPRTN REVENUE | Wisconsin Department of Transportation                                           | CUSIP: 977123Q50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257858.25    | 0.21%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YORK CNTY NE SCH DIST #12      | York School District/NE                                                          | CUSIP: 986365HL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $145992.59    | 0.12%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609ED1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $28063.29     | 0.02%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ANDERSON CNTY SC SCH DIST #4   | Anderson County School District No 4/SC                                          | CUSIP: 033738JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $333682.11    | 0.27%             | 2039-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ASHLAND KY WTR & SWR REVENUE   | City of Ashland KY Water & Sewer System Revenue                                  | CUSIP: 044330BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $217977.67    | 0.17%             | 2031-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BALCH SPRINGS TX               | City of Balch Springs TX                                                         | CUSIP: 057663FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $88718.82     | 0.07%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BENTON IN SCH IMPT BLDG CORP   | Benton School Improvement Building Corp                                          | CUSIP: 083209DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $85301.05     | 0.07%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BEVERLY MA                     | City of Beverly MA                                                               | CUSIP: 088095R22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $184532.34    | 0.15%             | 2031-04-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALCASIEU PARISH LA SCH DIST # | Calcasieu Parish School District No 23                                           | CUSIP: 128492KA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $692377.63    | 0.55%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND PRAIRIE TX INDEP SCH DIS | Grand Prairie Independent School District                                        | CUSIP: 386155FJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $290171.94    | 0.23%             | 2029-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HANCEVILLE AL WTRWKS & SWR BRD | Hanceville Waterworks & Sewer Board                                              | CUSIP: 409654BY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $160285.30    | 0.13%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HART MI PUBLIC SCHS            | Hart Public Schools/MI                                                           | CUSIP: 416124HA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $375145.51    | 0.30%             | 2041-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HERRIMAN CITY UT SALES & FRANC | City of Herriman City UT                                                         | CUSIP: 427754BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $188856.17    | 0.15%             | 2035-08-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON IN REDEV AUTH LEASE | Huntington Redevelopment Authority                                               | CUSIP: 446367CS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    580000 | PA      | $633011.71    | 0.51%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MO                | City of Independence MO                                                          | CUSIP: 453632JB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20436.82     | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST BOND CORP FING PRO | Kentucky Bond Corp                                                               | CUSIP: 4912074N3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $241384.98    | 0.19%             | 2032-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST BOND CORP FING PRO | Kentucky Bond Corp                                                               | CUSIP: 49120FEE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95336.56     | 0.08%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KENTUCKY ST BOND CORP FING PRO | Kentucky Bond Corp                                                               | CUSIP: 49120FTF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253939.85    | 0.20%             | 2037-02-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KINGSWAY NJ REGL SCH DIST      | Kingsway Regional School District                                                | CUSIP: 496856DH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40003.39     | 0.03%             | 2028-01-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAINGSBURG MI CMNTY SCH DIST   | Laingsburg Community School District                                             | CUSIP: 507318ME0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250267.98    | 0.20%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LAKELAND FL ENERGY SYS REVENUE | City of Lakeland FL Department of Electric Utilities                             | CUSIP: 51166FFJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $21143.75     | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA VERGNE TN                   | City of La Vergne TN                                                             | CUSIP: 519442KR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $200904.15    | 0.16%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LAWRENCE MA                    | City of Lawrence MA                                                              | CUSIP: 520229CC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147765.47    | 0.12%             | 2043-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK NY                    | City of New York NY                                                              | CUSIP: 64966QY79<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    525000 | PA      | $567061.85    | 0.45%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OHIO ST SPL OBLG               | State of Ohio                                                                    | CUSIP: 67759HQX5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     40000 | PA      | $45516.86     | 0.04%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST AGRIC & MECH CLGS  | Oklahoma Agricultural & Mechanical Colleges                                      | CUSIP: 678505DJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $174937.03    | 0.14%             | 2032-07-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| ADAMS CNTY IL SCH DIST #172    | Adams County School District No 172                                              | CUSIP: 005824JV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99260.90     | 0.08%             | 2037-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GREENWOOD CNTY SC HOSP REVENUE | County of Greenwood SC                                                           | CUSIP: 397090HQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30322.07     | 0.02%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JACKSON CENTER OH LOCAL SCH DI | Jackson Center Local School District                                             | CUSIP: 466592DA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200044.28    | 0.16%             | 2030-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MET COUNCIL MINNEAPOLIS-SAINT  | Metropolitan Council                                                             | CUSIP: 591852F52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $59249.21     | 0.05%             | 2033-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NILES MI CMNTY SCHS            | Niles Community Schools/MI                                                       | CUSIP: 654271BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60017.11     | 0.05%             | 2029-05-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5662.37      | 0.00%             | 2032-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| O'FALLON IL                    | City of O'Fallon IL                                                              | CUSIP: 676176KA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $189957.19    | 0.15%             | 2034-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST WTR RES BRD ST LOA | Oklahoma Water Resources Board                                                   | CUSIP: 67920QPS1<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60107.59     | 0.05%             | 2038-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEKAMA MI CONSOL SCH DIST     | Onekama Consolidated Schools                                                     | CUSIP: 682675DM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $445228.60    | 0.36%             | 2029-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ORLANDO FL UTILITIES COMMISSIO | Orlando Utilities Commission                                                     | CUSIP: 686507LE2<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035313.60   | 0.83%             | 2048-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEORIA CNTY IL SCH DIST #150 P | Peoria City School District No 150                                               | CUSIP: 713040HM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20002.71     | 0.02%             | 2034-01-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PUTNAM CT                      | Town of Putnam CT                                                                | CUSIP: 746452HE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $196763.82    | 0.16%             | 2034-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| RAPIDES PARISH LA              | Parish of Rapides LA                                                             | CUSIP: 753466FV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49929.97     | 0.04%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| RICELAND MGMT DIST TX          | Riceland Management District                                                     | CUSIP: 76283ABF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $251709.42    | 0.20%             | 2032-09-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ROSSFORD OH EXEMPTED VLG SCH D | Rossford Exempted Village School District                                        | CUSIP: 778425BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $234428.37    | 0.19%             | 2042-12-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SANTA FE NM GROSS RECPTS TAX R | City of Santa Fe NM Gross Receipts Tax Revenue                                   | CUSIP: 802072SW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $90372.64     | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WAYNE CNTY KY SCH DIST FIN COR | Wayne County School District Finance Corp                                        | CUSIP: 944480PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $156686.51    | 0.13%             | 2038-08-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WEST VIRGINIA ST WTR DEV AUTH  | West Virginia Water Development Authority                                        | CUSIP: 956695H37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $242536.73    | 0.19%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WIGGINS CO SCH DIST #RE-50J AD | Wiggins School District No RE-50J Adams Morgan & Weld Counties                   | CUSIP: 967710CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $506150.30    | 0.41%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALBUQUERQUE NM                 | City of Albuquerque NM                                                           | CUSIP: 0135187Y5<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |     30000 | PA      | $29950.04     | 0.02%             | 2030-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALPENA MI                      | City of Alpena MI                                                                | CUSIP: 020609EG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $20342.86     | 0.02%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BUENA VISTA-BETHEL TX SPL UTIL | Buena Vista-Bethel Special Utiltiy District                                      | CUSIP: 119224DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $255940.62    | 0.21%             | 2028-12-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CENTER GROVE IN CMNTY SCH CORP | Center Grove Community School Corp                                               | CUSIP: 151469FW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251087.60    | 0.20%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CINCINNATI OH                  | City of Cincinnati OH                                                            | CUSIP: 172217XL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250022.45    | 0.20%             | 2028-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CORPUS CHRISTI TX UTILITY SYSR | City of Corpus Christi TX Utility System Revenue                                 | CUSIP: 2202452K9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131330.53    | 0.11%             | 2044-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DALLAS-FORT WORTH TX INTERNATI | Dallas Fort Worth International Airport                                          | CUSIP: 23503CEZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5468.30      | 0.00%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DAYTON TN                      | City of Dayton TN                                                                | CUSIP: 240037RR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110042.78    | 0.09%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DENNIS TWP NJ                  | Township of Dennis NJ                                                            | CUSIP: 248599CN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $639800.04    | 0.51%             | 2034-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DODGE CNTY NE SCH DIST #1      | Fremont School District                                                          | CUSIP: 256435KR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $500329.90    | 0.40%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY TX MUNI UTILIT | Montgomery County Municipal Utility District No 142                              | CUSIP: 61373CEG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5602.75      | 0.00%             | 2033-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MOUNTAIN IRON-BUHL MN INDEP SC | Mountain Iron-Buhl Independent School District No 712                            | CUSIP: 624142DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300067.14    | 0.24%             | 2034-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST HSG FIN AGY  | North Carolina Housing Finance Agency                                            | CUSIP: 6582076H3<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    310000 | PA      | $305244.35    | 0.24%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5549.30      | 0.00%             | 2031-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NORWIN PA SCH DIST             | Norwin School District                                                           | CUSIP: 669543UN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5117.64      | 0.00%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OMAHA-DOUGLAS NE PUBLIC BLDG C | Omaha-Douglas Public Building Commission                                         | CUSIP: 681669FQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $485555.90    | 0.39%             | 2043-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PARCHMENT MI SCH DIST          | Parchment School District                                                        | CUSIP: 699398GB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $218017.23    | 0.17%             | 2036-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| PASSAIC CNTY NJ UTILITIES AUTH | Passaic County Utilities Authority                                               | CUSIP: 702766FB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125003.88    | 0.10%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PERRY CNTY KY SCH DIST FIN COR | Perry County School District Finance Corp                                        | CUSIP: 714559QZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40001.06     | 0.03%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PLANO TX                       | City of Plano TX                                                                 | CUSIP: 727177WF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197849.04    | 0.16%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PLYMOUTH-CANTON MI CMNTY SCH D | Plymouth-Canton Community School District                                        | CUSIP: 729429NM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85021.14     | 0.07%             | 2028-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PORTLAND OR WTR SYS REVENUE    | City of Portland OR Water System Revenue                                         | CUSIP: 736754PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250044.23    | 0.20%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RANKIN TX INDEP SCH DIST       | Rankin Independent School District                                               | CUSIP: 753177DJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    755000 | PA      | $781975.09    | 0.63%             | 2032-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND COMMERCE CORP REV | Rhode Island Commerce Corp                                                       | CUSIP: 762232AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135594.97    | 0.11%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CNK3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $998574.22    | 0.80%             | 2030-06-30      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CPF2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $979296.88    | 0.78%             | 2032-10-31      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UTAH ST TRANSIT AUTH SALES TAX | Utah Transit Authority                                                           | CUSIP: 917567CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $249990.85    | 0.20%             | 2028-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WARREN OH CITY SCH DIST        | Warren City School District                                                      | CUSIP: 935477GD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151000.43    | 0.12%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WINSTON-SALEM NC WTR & SWR SYS | City of Winston-Salem NC Water & Sewer System Revenue                            | CUSIP: 975700RZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $322084.75    | 0.26%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIDNEY OH                      | City of Sidney OH                                                                | CUSIP: 826112KN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157026.12    | 0.13%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIOUX CENTER IA                | City of Sioux Center IA                                                          | CUSIP: 829421LH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $110117.53    | 0.09%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SPOTSYLVANIA CNTY VA           | County of Spotsylvania VA                                                        | CUSIP: 849254G27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1043752.80   | 0.84%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUPERIOR WI                    | City of Superior WI                                                              | CUSIP: 868392D32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210108.76    | 0.17%             | 2027-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UNDERWOOD IA CMNTY SCH DIST    | Underwood Community School District                                              | CUSIP: 904410CJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $11152.66     | 0.01%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANADIAN CNTY OK INDEP SCH DIS | Canadian County Independent School District No 69 Mustang                        | CUSIP: 135591HR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5001.72      | 0.00%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CASS CNTY NE SCH DIST #56      | Cass County School District No 56 Conestoga                                      | CUSIP: 148024HX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $494149.20    | 0.40%             | 2039-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51668.58     | 0.04%             | 2030-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CIRCLE PINES MN                | City of Circle Pines MN                                                          | CUSIP: 172630NK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45746.08     | 0.04%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY WA PUBLIC UTILITY D | Clark County Public Utility District No 1 Water Revenue                          | CUSIP: 181126LS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101766.27    | 0.08%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLBERT CNTY AL                | County of Colbert AL                                                             | CUSIP: 192666GR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5194.01      | 0.00%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                                       | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1746091 | NS      | $1746091.04   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FLORIDA ST BRD OF EDU PUBLIC E | State of Florida                                                                 | CUSIP: 34153QDF0<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |    215000 | PA      | $215074.15    | 0.17%             | 2036-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST TURNPIKE AUTH TURNP | State of Florida Department of Transportation Turnpike System Revenue            | CUSIP: 343137MX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $68531.92     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENE COUNTY VA WTR & SWR SYS | County of Greene VA Water & Sewer System Revenue                                 | CUSIP: 39469YAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1263329.63   | 1.01%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRETNA NE                      | City of Gretna NE                                                                | CUSIP: 397802QQ5<br>LEI: 549300VHFFLXCKH8RB83 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1106976.31   | 0.89%             | 2041-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GUILDERLAND NY CENTRL SCH DIST | Guilderland Central School District                                              | CUSIP: 401754TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100008.47    | 0.08%             | 2028-06-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HAMILTON HEIGHTS SCH BLDG CORP | Hamilton Heights School Building Corp                                            | CUSIP: 40739PDF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10082.50     | 0.01%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HILLSBOROUGH CNTY FL UTILITY R | County of Hillsborough FL Utility Revenue                                        | CUSIP: 432347MF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $287633.63    | 0.23%             | 2030-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HUDSON MI AREA SCHS            | Hudson Area Schools                                                              | CUSIP: 443870HQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $215966.08    | 0.17%             | 2039-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDEPENDENCE MO                | City of Independence MO                                                          | CUSIP: 453632JE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10829.16     | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST MUNI PWR AGY        | Indiana Municipal Power Agency                                                   | CUSIP: 454898UL9<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |    135000 | PA      | $135721.39    | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CNTY KY SCH DIST FIN | Jefferson County School District Finance Corp                                    | CUSIP: 47309QAV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44272.44     | 0.04%             | 2038-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SCH DIST        | Kansas City School District/MO                                                   | CUSIP: 485080GX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $22097.97     | 0.02%             | 2038-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KING & PIERCE CNTY WA SCH DIST | Auburn School District No 408 of King & Pierce Counties                          | CUSIP: 494619GZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $43256.94     | 0.03%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LA PORTE TX INDEP SCH DIST     | La Porte Independent School District/TX                                          | CUSIP: 504102H98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50005.42     | 0.04%             | 2028-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAFAYETTE LA PUBLIC IMPT SALES | City of Lafayette LA Sales & Use Tax Revenue                                     | CUSIP: 506485BH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50030.30     | 0.04%             | 2027-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| SUSSEX WI                      | Village of Sussex WI                                                             | CUSIP: 869315F89<br>LEI: 549300313T1AE9E7CE80 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20957.29     | 0.02%             | 2034-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TECUMSEH MI                    | City of Tecumseh MI                                                              | CUSIP: 878793GY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $317805.09    | 0.25%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| THORNAPPLE KELLOGG MI SCH DIST | Thornapple Kellogg School District                                               | CUSIP: 885205NA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250289.45    | 0.20%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TIPTON IN CMNTY SCH CORP       | Tipton Community School Corp                                                     | CUSIP: 888111AS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85734.48     | 0.07%             | 2027-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRINITY RIVER TX AUTH REGL WST | Trinity River Authority Central Regional Wastewater System Revenue               | CUSIP: 89658HYD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181494.31    | 0.15%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNION PARISH LA CONSOL SCH DIS | Union Parish Consolidated School District No 1                                   | CUSIP: 907872FY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50058.04     | 0.04%             | 2027-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                 | CUSIP: 91282CNW7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $987597.66    | 0.79%             | 2032-08-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI | Permanent University Fund - University of Texas System                           | CUSIP: 9151158C6<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |    725000 | PA      | $727573.17    | 0.58%             | 2041-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WESTLAKE TX                    | Town of Westlake TX                                                              | CUSIP: 96048PGG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10082.99     | 0.01%             | 2029-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY TN             | County of Williamson TN                                                          | CUSIP: 969872MV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10119.73     | 0.01%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WILLISTON PARK NY              | Village of Williston Park NY                                                     | CUSIP: 970735JD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10004.32     | 0.01%             | 2027-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| YSLETA TX INDEP SCH DIST       | Ysleta Independent School District                                               | CUSIP: 98816PCN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101685.67    | 0.08%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZANESVILLE OH                  | City of Zanesville OH                                                            | CUSIP: 989025ST9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56024.30     | 0.04%             | 2040-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS & KENT CNTY MI JT | Grand Rapids & Kent County Joint Building Authority                              | CUSIP: 386186FZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $333045.29    | 0.27%             | 2028-12-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GREER SC COMB UTILITY SYS      | Commission of Public Works City of Greer                                         | CUSIP: 397478GR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27894.59     | 0.02%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CNTY NC               | County of Guilford NC                                                            | CUSIP: 401784T78<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |     30000 | PA      | $32697.12     | 0.03%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HARRISBURG SD INDEP SCH DIST # | Harrisburg School District No 41-2                                               | CUSIP: 414834VC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $15625.32     | 0.01%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HINGHAM MA                     | Town of Hingham MA                                                               | CUSIP: 433344XP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5495.23      | 0.00%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RHODE ISLAND INFRASTRUCTURE BA | Rhode Island Infrastructure Bank                                                 | CUSIP: 76222FCP1<br>LEI: 54930022Z6KOPRSQCG49 | Long             | DBT              | MUN               | US        |    175000 | PA      | $188358.03    | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| RILEY CNTY KS UNIF SCH DIST #3 | Riley County Unified School District No 383 Manhattan-Ogden                      | CUSIP: 766651QP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30313.91     | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTFIELD-WASHINGTON IN MULTI- | Westfield-Washington Multi-School Building Corp                                  | CUSIP: 96023PPB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $122698.03    | 0.10%             | 2037-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WILSON PA SCH DIST             | Wilson School District                                                           | CUSIP: 972369SK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265882.00    | 0.21%             | 2042-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL NOBLE IN CMNTY SCH CORP | Central Noble Community School Corp                                              | CUSIP: 154650DC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51583.47     | 0.04%             | 2030-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTRL SQ NY CENTRL SCH DIST   | Central Square Central School District                                           | CUSIP: 155213NK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $390550.24    | 0.31%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHAMBERS CNTY TX               | County of Chambers TX                                                            | CUSIP: 157789QN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    415000 | PA      | $406021.68    | 0.33%             | 2042-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CHELTENHAM PA SCH DIST         | Cheltenham Township School District                                              | CUSIP: 1635016P9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     15000 | PA      | $13789.94     | 0.01%             | 2031-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| WEST LAFAYETTE IN SWR REVENUE  | City of West Lafayette IN Sewer Revenue                                          | CUSIP: 953701FD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112014.49    | 0.09%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILSON PA SCH DIST             | Wilson School District                                                           | CUSIP: 972369SE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218775.50    | 0.18%             | 2037-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| YSLETA TX INDEP SCH DIST       | Ysleta Independent School District                                               | CUSIP: 98816PCR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |      5000 | PA      | $5036.16      | 0.00%             | 2039-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZANESVILLE OH                  | City of Zanesville OH                                                            | CUSIP: 989025SR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $310469.16    | 0.25%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EAST KNOX OH LOCAL SCH DIST    | East Knox Local School District                                                  | CUSIP: 273290EL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $325043.13    | 0.26%             | 2027-12-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEPT ENVRNMNTL PROT | Florida Department of Environmental Protection                                   | CUSIP: 34160WA61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72147.73     | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FRANKLIN TWP IN MULTI-SCH BLDG | Franklin Township-Marion County Multiple School Building Corp                    | CUSIP: 355137GA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $195600.71    | 0.16%             | 2039-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GAINESVILLE FL UTILITIES SYS R | City of Gainesville FL Utilities System Revenue                                  | CUSIP: 362848SM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    445000 | PA      | $441500.83    | 0.35%             | 2034-10-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GALVESTON TX INDEP SCH DIST    | Galveston Independent School District                                            | CUSIP: 364496QW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $90491.54     | 0.07%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN KY WTR & SWR REVENU | City of Georgetown KY Water & Sewer Revenue                                      | CUSIP: 372787JG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551039.50    | 0.44%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GUILFORD CNTY NC               | County of Guilford NC                                                            | CUSIP: 401784B51<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25004.89     | 0.02%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GWINN MI AREA CMNTY SCH DIST   | Gwinn Area Community School District                                             | CUSIP: 403666DU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $436665.50    | 0.35%             | 2030-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX INDEP SCH DIST      | Houston Independent School District                                              | CUSIP: 442403QD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $45143.29     | 0.04%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOUSTON TX UTILITY SYS REVENUE | City of Houston TX Combined Utility System Revenue                               | CUSIP: 4424355V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $145056.75    | 0.12%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IRVING TX WTRWKS & SWR REVENUE | City of Irving TX Waterworks & Sewer System Revenue                              | CUSIP: 463831TS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $48438.57     | 0.04%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LAWRENCE TWP IN SCH BLDG CORP  | Lawrence Township School Building Corp                                           | CUSIP: 520354J93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $134077.05    | 0.11%             | 2040-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WILLIAMSON CNTY IL CMNTY UNITS | Williamson County Community Unit School District No 5 Carterville                | CUSIP: 969788KN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $214821.88    | 0.17%             | 2039-01-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| WILLISTON ND                   | City of Williston ND                                                             | CUSIP: 970701X29<br>LEI: 549300OH2M7EXI24C405 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99938.92     | 0.08%             | 2026-05-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WILLMAR MN                     | City of Willmar MN                                                               | CUSIP: 970856GH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $39732.78     | 0.03%             | 2031-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-21

**Name of Applicant:** RMB Investors Trust

**Signature:** /s/ Maher Harb

**Name of Signer:** RMB Investors Trust

**Title:** Chief Financial Officer