# EDGAR Filing Document

**Accession Number:** 0000757010
**File Stem:** 0002071691-25-003364
**Filing Date:** 2025-10
**Character Count:** 298014
**Document Hash:** d5c1ba4485c01fa6e3ebe1ac3d9df006
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-003364.hdr.sgml**: 20251027

**ACCESSION NUMBER**: 0002071691-25-003364

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251027

**DATE AS OF CHANGE**: 20251027

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FRANKLIN TAX FREE TRUST
- **CENTRAL INDEX KEY:** 0000757010

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04149
- **FILM NUMBER:** 251418359

**BUSINESS ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906
- **BUSINESS PHONE:** 650-312-2000

**MAIL ADDRESS:**
- **STREET 1:** ONE FRANKLIN PARKWAY
- **CITY:** SAN MATEO
- **STATE:** CA
- **ZIP:** 94403-1906

## Series and Classes Contracts Data

### FRANKLIN FEDERAL INTERMEDIATE-TERM TAX-FREE INCOME FUND (Series ID: S000006932)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000018802 | CLASS A1      | FKITX           |
| C000018803 | CLASS C       | FCITX           |
| C000074134 | ADVISOR CLASS | FITZX           |
| C000194372 | Class R6      | FITQX           |
| C000205910 | Class A       | FKQTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Franklin Tax Free Trust

- **b. Investment Company Act file number:** 811-04149

- **c. CIK number of Registrant:** 0000757010

- **d. LEI of Registrant:** 549300C12HCE48FV1C70

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

  - **Street Address 1:** One Franklin Parkway

  - **City:** San Mateo

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 94403-1906

  - **Telephone number:** 650-312-2000

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

- **a. Name of Series:** Franklin Federal Intermediate-Term Tax-Free Income Fund

- **b. EDGAR series identifier (if any):** S000006932

- **c. LEI of Series:** 549300EKU3ZFFWEI1I28

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

- **a. Date of fiscal year-end:** 2026-02-28

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2016761235.37

**Total Liabilities:** $9436524.12

**Net Assets:** $2007324711.25

**Delayed Delivery Securities:** $1985920.00

**Cash Not Reported:** $1372557.50

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -65.71000000 | **1-Year:** -7161.30000000 | **5-Year:** -115404.92000000 | **10-Year:** -519509.95000000 | **30-Year:** -361288.93000000

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

- **3-Month:** -140.88000000 | **1-Year:** -1914.46000000 | **5-Year:** -25583.04000000 | **10-Year:** -94400.02000000 | **30-Year:** -40484.94000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000194372 | 1.00%                | -0.15%               | 0.86%                |
| Class ID C000018803 | 0.85%                | -0.21%               | 0.80%                |
| Class ID C000018802 | 0.99%                | -0.16%               | 0.85%                |
| Class ID C000074134 | 0.91%                | -0.07%               | 0.85%                |
| Class ID C000205910 | 0.98%                | -0.18%               | 0.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1869161.09             | $15628310.77                               |
| Month 2  | $-2996860.32             | $-5690413.21                               |
| Month 3  | $-688200.20              | $11414760.18                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2016 A                                                                                  | CUSIP: 46246K3N0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    350000 | PA      | $338541.98    | 0.02%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | Kentucky State Property & Building Commission                                                                          | CUSIP: 49151FZC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2105595.40   | 0.10%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072E3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524957.05    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $636631.92    | 0.03%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $74384.93     | 0.00%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2022 A                                                                | CUSIP: 04052FDP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5331285.60   | 0.27%             | 2041-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series B                                                                  | CUSIP: 93978HUK9<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030318.20   | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Detroit Downtown Development Authority                                           | Detroit Downtown Development Authority, Series 2024                                                                    | CUSIP: 251135HU6<br>LEI: 549300WO3NSMP6FECO66 | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4496880.26   | 0.22%             | 2048-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45471FAB7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    650000 | PA      | $691661.04    | 0.03%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2025 B                                                                               | CUSIP: 45506ENG4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $953882.90    | 0.05%             | 2045-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 B                                                                                | CUSIP: 74442PG41<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   8200000 | PA      | $8403553.52   | 0.42%             | 2044-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2024 B                                                                                         | CUSIP: 167486U23<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5575000 | PA      | $5863313.36   | 0.29%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2023                                                               | CUSIP: 93978LGM2<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2145959.00   | 0.11%             | 2038-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Stamford CT                                                              | City of Stamford, Series 2019                                                                                          | CUSIP: 852634QF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3025000 | PA      | $2867879.69   | 0.14%             | 2035-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Series 2008 C                                                               | CUSIP: 59465HUS3<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2816393.49   | 0.14%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1068038.48   | 0.05%             | 2037-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2024                                                        | CUSIP: 48618TBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $648428.78    | 0.03%             | 2043-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Salem Hospital Facility Authority                                                | Salem Hospital Facility Authority, Series 2019 A                                                                       | CUSIP: 794458FP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3780000 | PA      | $3968404.27   | 0.20%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2024 C                                                                          | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4278974.80   | 0.21%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $669512.09    | 0.03%             | 2033-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2023 C                            | CUSIP: 79766DVM8<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16422006.00  | 0.82%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                             | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $213536.61    | 0.01%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBK5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    320000 | PA      | $324830.40    | 0.02%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $180250.70    | 0.01%             | 2032-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2016 A                                                                                  | CUSIP: 46246K3Q3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    680000 | PA      | $683779.98    | 0.03%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2020 C                                                                                       | CUSIP: 4521527B1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   8170000 | PA      | $7693301.74   | 0.38%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tohopekaliga Water Authority                                                     | Tohopekaliga Water Authority, Series 2016                                                                              | CUSIP: 88906REX4<br>LEI: 549300IZ325ZGEHGR946 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2877794.61   | 0.14%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State Board of Administration Finance Corp.                                      | State Board of Administration Finance Corp., Series 2024 A                                                             | CUSIP: 341271AH7<br>LEI: 549300S34SOJ0RULXM35 | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6821946.78   | 0.34%             | 2034-07-01      | Fixed         | 5.53%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2020                                                 | CUSIP: 57421CAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $392196.75    | 0.02%             | 2039-07-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | South Carolina State Housing Finance & Development Authority, Series 2021 B                                            | CUSIP: 83712EHP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3298289.28   | 0.16%             | 2025-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clackamas County School District No. 12 North Clackamas                          | Clackamas County School District No. 12 North Clackamas, Series B                                                      | CUSIP: 179093JG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3863702.24   | 0.19%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2022 A                                                                           | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10129106.00  | 0.50%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 A                                                                                         | CUSIP: 167486M30<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   6655000 | PA      | $6880231.82   | 0.34%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3145104.34   | 0.16%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072F0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    480000 | PA      | $502834.56    | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beach Community Development District                                             | Beach Community Development District, Series 2024                                                                      | CUSIP: 07332WAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1415296.12   | 0.07%             | 2044-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | Wayne County Airport Authority, Series 2017 B                                                                          | CUSIP: 944514WR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1980000 | PA      | $2047631.65   | 0.10%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2023 E-1                                                                         | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  11495000 | PA      | $12311573.76  | 0.61%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education Dedicated Capital Improvement Tax                     | Chicago Board of Education, Series 2023                                                                                | CUSIP: 167510BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3720000 | PA      | $3802032.70   | 0.19%             | 2040-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks, Series 2021                                                                                       | CUSIP: 38546WDB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1700968.80   | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                                                  | CUSIP: 041807KX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $214963.88    | 0.01%             | 2049-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2019 B                                                                                       | CUSIP: 4521525T4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   4680000 | PA      | $4321121.69   | 0.22%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series M                                                  | CUSIP: 20775DNX6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $259199.68    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $234848.78    | 0.01%             | 2035-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006652.00   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2015 A-2                                                                 | CUSIP: 59261AG68<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7361489.80   | 0.37%             | 2045-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FNA9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    351298 | PA      | $17564.89     | 0.00%             | 2031-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2024 A                                      | CUSIP: 60635H4B2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2398353.25   | 0.12%             | 2048-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Travis County Development Authority                                              | Travis County Development Authority, Series 2025                                                                       | CUSIP: 89441ABA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $467866.40    | 0.02%             | 2044-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., Series 15th                                                                                | CUSIP: 71783MAR6<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   4030000 | PA      | $4168756.53   | 0.21%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74442EGS3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201395.24    | 0.01%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Series 1999 B-3                                                             | CUSIP: 59465HUY0<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   5100000 | PA      | $5318013.27   | 0.26%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CD6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2319714.68   | 0.12%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2017 B                                               | CUSIP: 574218V26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7415000 | PA      | $7679605.02   | 0.38%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022 A                                                                                       | CUSIP: 452153CQ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   6385000 | PA      | $6875718.54   | 0.34%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2018 A                                                                      | CUSIP: 64990FNQ3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5401.23      | 0.00%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority, Series 2017 A                                                   | CUSIP: 645790LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $932861.16    | 0.05%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pine Isle Community Development District                                         | Pine Isle Community Development District, Series 2021                                                                  | CUSIP: 72265AAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $824769.40    | 0.04%             | 2041-12-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2020                                                               | CUSIP: 93978HXG5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015039.20   | 0.05%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                 | City of Seattle, Series 2014                                                                                           | CUSIP: 812631KZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2995000 | PA      | $2995600.80   | 0.15%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                                                  | CUSIP: 041807KZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870904.70    | 0.04%             | 2059-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, Series 2024                                                                            | CUSIP: 54811GP53<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   3025000 | PA      | $3137510.94   | 0.16%             | 2041-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | Gainesville & Hall County Hospital Authority, Series A                                                                 | CUSIP: 362762LL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2068444.40   | 0.10%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2023 B                                                   | CUSIP: 70870JGF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2525000 | PA      | $2310340.16   | 0.12%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                                     | CUSIP: 97712JKM4<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  11500000 | PA      | $11908612.25  | 0.59%             | 2054-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Port of Greater Cincinnati Development Authority                                 | Port of Greater Cincinnati Development Authority, Series 2024 B                                                        | CUSIP: 734195EE6<br>LEI: 549300IK2RCZBY62ST97 | Long             | DBT              | MUN               | US        |  12535000 | PA      | $11065852.87  | 0.55%             | 2058-12-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Town of Little Elm TX                                                            | Town of Little Elm, Series 2021                                                                                        | CUSIP: 537098BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    281000 | PA      | $254585.97    | 0.01%             | 2031-09-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6S0<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010605.50   | 0.05%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                                | Upper Illinois River Valley Development Authority, Series 2024 A-1                                                     | CUSIP: 91588LAQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002439.00   | 0.25%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | City of Farmington, Series 2016 A                                                                                      | CUSIP: 311450FV7<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |  13500000 | PA      | $11482920.45  | 0.57%             | 2033-04-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                           | San Antonio Education Facilities Corp., Series 2021 A                                                                  | CUSIP: 796247DG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1687758.60   | 0.08%             | 2040-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 C                                                                                       | CUSIP: 059231L99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5905000 | PA      | $6049032.99   | 0.30%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                    | Village Community Development District No. 15, Series 2024                                                             | CUSIP: 92708KAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $935243.30    | 0.05%             | 2039-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615G23<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3177423.30   | 0.16%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | City of Tampa, Series 2020 B                                                                                           | CUSIP: 875161CZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $655239.69    | 0.03%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2025                                                                       | CUSIP: 51265KGC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1095982.14   | 0.05%             | 2045-05-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| Redevelopment Authority of the City of Philadelphia                              | Redevelopment Authority of the City of Philadelphia, Series 2021 A                                                     | CUSIP: 717868HD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2425000 | PA      | $2152469.29   | 0.11%             | 2033-09-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3350000 | PA      | $3360142.80   | 0.17%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Maryland Creek Ranch Metropolitan District                                 | South Maryland Creek Ranch Metropolitan District, Series 2023                                                          | CUSIP: 838797AT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010838.00   | 0.05%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1360010.92   | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                           | San Antonio Education Facilities Corp., Series 2021 A                                                                  | CUSIP: 796247DF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2108346.45   | 0.11%             | 2039-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $341382.44    | 0.02%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | Vancouver Housing Authority, Series 2025                                                                               | CUSIP: 92162PAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1842155.60   | 0.09%             | 2039-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKN3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  11635000 | PA      | $12030970.46  | 0.60%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | Energy Southeast A Cooperative District, Series 2024 B                                                                 | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7519190.70   | 0.37%             | 2054-07-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | City of Los Angeles, Series 2025 A                                                                                     | CUSIP: 5444452T5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14960000 | PA      | $15762560.62  | 0.79%             | 2038-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2022 A                                                               | CUSIP: 64577XDZ6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  16000000 | PA      | $16670468.80  | 0.83%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | East Baton Rouge Sewerage Commission, Series 2019 A                                                                    | CUSIP: 270618FK2<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011730.00   | 0.10%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | Bay Area Toll Authority, Series 2017 S-7                                                                               | CUSIP: 072024VE9<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7139085.10   | 0.36%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                  | DeKalb County Housing Authority, Series 2024                                                                           | CUSIP: 240471PH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2451450.00   | 0.12%             | 2034-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CE4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1794567.60   | 0.09%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burbank-Glendale-Pasadena Airport Authority Brick Campaign                       | Burbank-Glendale-Pasadena Airport Authority Brick Campaign, Series 2024 A                                              | CUSIP: 120827DN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4236587.04   | 0.21%             | 2054-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 A                                                                 | CUSIP: 626207Y40<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1046789.20   | 0.05%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKR4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5600574.10   | 0.28%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County (The)                                     | Development Authority of Monroe County (The), Series 2009                                                              | CUSIP: 610530FU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2314221.38   | 0.12%             | 2049-07-01      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $835627.76    | 0.04%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2021                                                        | CUSIP: 48618TAU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $141063.64    | 0.01%             | 2029-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152513.16    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Horace ND                                                                | City of Horace, Series 2024 C                                                                                          | CUSIP: 440365JN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1019915.38   | 0.05%             | 2044-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEP4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1423293.71   | 0.07%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                             | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $177618.12    | 0.01%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Centre Lake Community Development District                                       | Centre Lake Community Development District, Series 2021                                                                | CUSIP: 156309AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $243277.57    | 0.01%             | 2030-05-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2020 A                                                                | CUSIP: 04052FBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $556966.80    | 0.03%             | 2038-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                         | Development Authority of Rockdale County, Series 2025 A-1                                                              | CUSIP: 77300QAL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $551615.53    | 0.03%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2970000 | PA      | $3038036.76   | 0.15%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054525.20   | 0.05%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $642859.21    | 0.03%             | 2035-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2015 A                                                                              | CUSIP: 45203HV41<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500009.75    | 0.02%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Sales Tax District                                                     | Jefferson Sales Tax District, Series 2019 B                                                                            | CUSIP: 474176LF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6036850.20   | 0.30%             | 2036-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | Kentucky Economic Development Finance Authority, Series 2019 A-1                                                       | CUSIP: 49126PGA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1032205.20   | 0.05%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority                                      | Lee County Industrial Development Authority, Series 2019 A-1                                                           | CUSIP: 52350LAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4795628.50   | 0.24%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2023                                                                   | CUSIP: 71883MQQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4660906.58   | 0.23%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Industrial Development Agency                                      | New York City Industrial Development Agency, Series 2020 A                                                             | CUSIP: 64971PKD6<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2275611.75   | 0.11%             | 2036-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Fiddlers Business Improvement District                                           | Fiddlers Business Improvement District, Series 2022                                                                    | CUSIP: 315730AW1<br>LEI: 549300WOAV7DR3N7QL76 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021720.20   | 0.05%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | Orange County Health Facilities Authority, Series 2016 A                                                               | CUSIP: 68450LEE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2938136.73   | 0.15%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $631103.76    | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | North Carolina State Education Assistance Authority, Series 2020 A                                                     | CUSIP: 658262GN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $371326.17    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | City of Tampa, Series 2020 B                                                                                           | CUSIP: 875161DA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $464381.15    | 0.02%             | 2039-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491886V7<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   2205000 | PA      | $2270478.80   | 0.11%             | 2044-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | State of Oregon Housing & Community Services Department, Series 2022 II-1                                              | CUSIP: 68608END0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   2405000 | PA      | $2423855.92   | 0.12%             | 2039-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JEA7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    390000 | PA      | $392135.99    | 0.02%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024-3, Class A                                                       | CUSIP: 63607WAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490232 | PA      | $1366757.73   | 0.07%             | 2041-10-20      | Variable      | 4.16%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2791823.65   | 0.14%             | 2039-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2009                                                     | CUSIP: 708692BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2891129.70   | 0.14%             | 2033-12-01      | Variable      | 0.95%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RU1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    450000 | PA      | $449672.04    | 0.02%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3765000 | PA      | $3859297.81   | 0.19%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2021 C                                                                           | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5073160.50   | 0.25%             | 2052-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2024 C                                                                                       | CUSIP: 452153LZ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2274248.50   | 0.11%             | 2039-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Terrell Independent School District/TX                                           | Terrell Independent School District, Series 2025                                                                       | CUSIP: 881405NV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2744257.88   | 0.14%             | 2043-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | Regional Transportation District, Series 2020 A                                                                        | CUSIP: 759151BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1383831.54   | 0.07%             | 2035-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp.                                                      | Troy Capital Resource Corp., Series 2020 A                                                                             | CUSIP: 897579BS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4425000 | PA      | $4687677.74   | 0.23%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SQ9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251289.93    | 0.01%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 A                                                                                         | CUSIP: 167486M22<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   9500000 | PA      | $9906078.45   | 0.49%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | New York City Transitional Finance Authority, Series 2026 A-1                                                          | CUSIP: 64972JWH7<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7826268.75   | 0.39%             | 2046-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2024                                                        | CUSIP: 48618TBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $883451.11    | 0.04%             | 2039-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1145164.65   | 0.06%             | 2035-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Infirmary Health System Special Care Facilities Financing Authority of Mobile    | Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series 2016 A                           | CUSIP: 45663NBQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5042773.00   | 0.25%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2025                                                                 | CUSIP: 650116JG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052256.20   | 0.05%             | 2044-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | Virginia Small Business Financing Authority, Series 2020 A                                                             | CUSIP: 928104MV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3122442.30   | 0.16%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. IV                                | Texas Municipal Gas Acquisition & Supply Corp. IV, Series 2023 A                                                       | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |  19500000 | PA      | $20806849.05  | 1.04%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Celebration Community Development District                                       | Celebration Community Development District, Series 2021                                                                | CUSIP: 151001EE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $601093.35    | 0.03%             | 2041-05-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022 C                                                                                       | CUSIP: 452153EL9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3901383.23   | 0.19%             | 2040-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1966204.60   | 0.10%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | Greater Orlando Aviation Authority, Series 2019 A                                                                      | CUSIP: 392274Z74<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10981943.70  | 0.55%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072G8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    700000 | PA      | $729739.64    | 0.04%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2022 D-1                                                                                      | CUSIP: 64966QC40<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2620196.00   | 0.13%             | 2044-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CG9<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044689.40   | 0.10%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $287527.65    | 0.01%             | 2033-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| University of Massachusetts Building Authority                                   | University of Massachusetts Building Authority, Series 2017-3                                                          | CUSIP: 914437TB4<br>LEI: 6ILE2573NPR1XO2TR556 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5207456.50   | 0.26%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2024                                                          | CUSIP: 56681NJD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18555000 | PA      | $19488841.61  | 0.97%             | 2029-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1268166.00   | 0.06%             | 2037-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | Central Texas Turnpike System, Series 2024 C                                                                           | CUSIP: 88283KBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2226504.60   | 0.11%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2021                                                               | CUSIP: 93978HYC3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    440000 | PA      | $394416.13    | 0.02%             | 2035-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2018 A                                      | CUSIP: 60637AND0<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |  12500000 | PA      | $13255846.25  | 0.66%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp.                                                | Florida Development Finance Corp., Series 2024                                                                         | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $19171004.00  | 0.96%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2016 B                                                                   | CUSIP: 59261AFW2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3265000 | PA      | $3319690.71   | 0.17%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Infirmary Health System Special Care Facilities Financing Authority of Mobile    | Infirmary Health System Special Care Facilities Financing Authority of Mobile, Series 2016 A                           | CUSIP: 45663NBP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4920000 | PA      | $4959177.96   | 0.25%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Palm Drive Community Development District                                   | East Palm Drive Community Development District, Series 2024                                                            | CUSIP: 27425AAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $718080.08    | 0.04%             | 2044-06-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| County of Turner SD                                                              | County of Turner, Series 2025                                                                                          | CUSIP: 90027SAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3150444.07   | 0.16%             | 2044-12-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKK9<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   9595000 | PA      | $10095686.29  | 0.50%             | 2033-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2022 A-1                                                     | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   4585000 | PA      | $4914424.91   | 0.24%             | 2053-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2025 A                                                                  | CUSIP: 187145VK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3953606.20   | 0.20%             | 2041-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2024                                                                     | CUSIP: 546399SZ0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5650000 | PA      | $5641217.64   | 0.28%             | 2064-09-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2020 A                                                                | CUSIP: 04052EAV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1005529.68   | 0.05%             | 2039-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                          | Chattanooga Health Educational & Housing Facility Board, Series 2019 A-1                                               | CUSIP: 162410EG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2648232.38   | 0.13%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2025                                                                 | CUSIP: 650116JE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1728982.78   | 0.09%             | 2042-06-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 A-1                                                                              | CUSIP: 74444UAV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7130372.20   | 0.36%             | 2047-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | Energy Southeast A Cooperative District, Series 2023 A-1                                                               | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   8570000 | PA      | $9320092.68   | 0.46%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                    | Village Community Development District No. 15, Series 2023                                                             | CUSIP: 92708KAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    845000 | PA      | $852185.80    | 0.04%             | 2038-05-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | Kentucky Economic Development Finance Authority, Series 2019 A-1                                                       | CUSIP: 49126PFZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1038154.80   | 0.05%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series 2017 A                                                    | CUSIP: 70917SS20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5895000 | PA      | $5916807.96   | 0.29%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| EP Royal Estates PFC                                                             | EP Royal Estates PFC, Series 2024                                                                                      | CUSIP: 29415NAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $941879.30    | 0.05%             | 2039-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Forest Lake Community Development District                                       | Forest Lake Community Development District, Series 2020                                                                | CUSIP: 34585PAC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1138090.31   | 0.06%             | 2040-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | South Dakota Health & Educational Facilities Authority, Series 2021                                                    | CUSIP: 83755VP81<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $849336.99    | 0.04%             | 2041-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | City of Tampa, Series 2020 B                                                                                           | CUSIP: 875161DB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019464.90   | 0.05%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2023 B                                                                                  | CUSIP: 46247SFD1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2834795.25   | 0.14%             | 2033-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2025 B                                                       | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   9700000 | PA      | $10167920.24  | 0.51%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2019 A-1                                                           | CUSIP: 93978HVP7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1238646.24   | 0.06%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1617017.04   | 0.08%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SP1<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    250000 | PA      | $252739.35    | 0.01%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lavon TX                                                                 | City of Lavon, Series 2025                                                                                             | CUSIP: 51946PCL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1304000 | PA      | $1307259.35   | 0.07%             | 2054-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | New York State Dormitory Authority, Series 2024 A                                                                      | CUSIP: 64990AUA1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10206996.00  | 0.51%             | 2046-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Everett Housing Authority/WA                                                     | Everett Housing Authority, Series 2022                                                                                 | CUSIP: 30002GAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9420000 | PA      | $8817909.40   | 0.44%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VII                                                  | CMFA Special Finance Agency VII, Series 2021 A-2                                                                       | CUSIP: 12574UAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5345000 | PA      | $4719569.26   | 0.24%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp.                                        | New York Transportation Development Corp., Series 2023                                                                 | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4275000 | PA      | $4638059.93   | 0.23%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444KBX1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $836423.61    | 0.04%             | 2046-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1833762.45   | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | Vancouver Housing Authority, Series 2024 B                                                                             | CUSIP: 92162PAF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1938248.00   | 0.10%             | 2042-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RW7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1363540.36   | 0.07%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $284384.62    | 0.01%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poitras East Community Development District                                      | Poitras East Community Development District, Series 2023                                                               | CUSIP: 73086BAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $811765.36    | 0.04%             | 2033-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 C                                                                 | CUSIP: 5444953K8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4178974.68   | 0.21%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2025                                                                  | CUSIP: 63607EAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2535519.74   | 0.13%             | 2040-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 A                                                                 | CUSIP: 718846BA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6365000 | PA      | $6510769.96   | 0.32%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Berwyn IL                                                                | City of Berwyn, Series 2022 B                                                                                          | CUSIP: 086257PY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5676526.20   | 0.28%             | 2041-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2025                                                                                  | CUSIP: 12008QAG4<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501466.75    | 0.02%             | 2055-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Utah Infrastructure Agency                                                       | Utah Infrastructure Agency, Series 2021                                                                                | CUSIP: 917467CA8<br>LEI: 549300WD2FDRNXU16V82 | Long             | DBT              | MUN               | US        |    400000 | PA      | $385000.72    | 0.02%             | 2035-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BHW1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    845000 | PA      | $904740.99    | 0.05%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Yamhill OR                                                             | County of Yamhill, Series 2020 A                                                                                       | CUSIP: 98464TAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5240000 | PA      | $5315928.12   | 0.26%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    245000 | PA      | $229140.39    | 0.01%             | 2034-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Town of Trophy Club TX Public Improvement District No. 1                         | Town of Trophy Club, Series 2025                                                                                       | CUSIP: 89706PAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    252000 | PA      | $267430.31    | 0.01%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2022 A                   | CUSIP: 54627RAL4<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4350116 | PA      | $4330647.03   | 0.22%             | 2029-02-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 B                                                                                         | CUSIP: 167486K32<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4295000 | PA      | $4071725.71   | 0.20%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Golden State Tobacco Securitization Corp.                                        | Golden State Tobacco Securitization Corp., Series 2021 B-1                                                             | CUSIP: 38122ND82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $2712561.13   | 0.14%             | 2050-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | Port Authority of New York & New Jersey, Series 234                                                                    | CUSIP: 73358XGL0<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2586212.00   | 0.13%             | 2042-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Trophy Club TX Public Improvement District No. 1                         | Town of Trophy Club, Series 2025                                                                                       | CUSIP: 89706PAW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    264000 | PA      | $279817.80    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | Downtown Revitalization Public Infrastructure District, Series 2025 B                                                  | CUSIP: 26118TBR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053220.80   | 0.05%             | 2043-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2016                                                                     | CUSIP: 546399CZ7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15265.67     | 0.00%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CF1<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1794563.05   | 0.09%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6R2<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $608688.54    | 0.03%             | 2034-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                               | Denver Health & Hospital Authority, Series 2025 A                                                                      | CUSIP: 24918EEP1<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571370.45   | 0.08%             | 2055-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | Virginia Public Building Authority, Series B                                                                           | CUSIP: 928173BR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9605000 | PA      | $9732188.45   | 0.48%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Keys Edge Community Development District                                         | Keys Edge Community Development District, Series 2024                                                                  | CUSIP: 49333FAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $469917.30    | 0.02%             | 2044-05-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | Gainesville & Hall County Hospital Authority, Series A                                                                 | CUSIP: 362762LM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030788.00   | 0.05%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | Lower Colorado River Authority, Series 2022                                                                            | CUSIP: 54811GL57<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4753432.00   | 0.24%             | 2040-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2024 D                                                                | CUSIP: 63607YBV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4105334.76   | 0.20%             | 2038-07-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | State of Florida, Series 2017 C                                                                                        | CUSIP: 34153QLP9<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   7855000 | PA      | $7946052.80   | 0.40%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2017                                                               | CUSIP: 93978HSL0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1637285.54   | 0.08%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2020                                                                      | CUSIP: 19648FRM8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062608.90   | 0.05%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                               | Greater Orlando Aviation Authority, Series 2019 A                                                                      | CUSIP: 3922742B1<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   8430000 | PA      | $8127585.55   | 0.40%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | Virginia Small Business Financing Authority, Series 2022                                                               | CUSIP: 928104NM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2030000.00   | 0.10%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56577.39     | 0.00%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2020                                                 | CUSIP: 57421CAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $271808.88    | 0.01%             | 2040-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $62618.85     | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $622079.64    | 0.03%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSCDA Community Improvement Authority                                            | CSCDA Community Improvement Authority, Series 2021 B                                                                   | CUSIP: 126292AZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4825000 | PA      | $3800147.32   | 0.19%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021 A                                                     | CUSIP: 97712D7R1<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1510930.59   | 0.08%             | 2041-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3625000 | PA      | $3701383.10   | 0.18%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RT4<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    565000 | PA      | $567915.23    | 0.03%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Warren KY                                                              | County of Warren, Series 2024                                                                                          | CUSIP: 934864CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3281193.83   | 0.16%             | 2049-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BHY7<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1152433.92   | 0.06%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FMY8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    352902 | PA      | $17645.10     | 0.00%             | 2029-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2025                                                                                  | CUSIP: 12008QAE9<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    400000 | PA      | $407587.52    | 0.02%             | 2045-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | City & County of Denver, Series 2022 D                                                                                 | CUSIP: 249182TK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5325000 | PA      | $5681674.36   | 0.28%             | 2041-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2015                                                                                | CUSIP: 45203H2A9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1808770.86   | 0.09%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Carson Family Housing LLC                                                   | Fort Carson Family Housing LLC, Series 1999                                                                            | CUSIP: 347075AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9900000 | PA      | $10447074.00  | 0.52%             | 2029-11-15      | Fixed         | 7.86%                 | No            |                  2 | On Loan: No      |
| Bexar Management And Development Corp.                                           | Bexar Management And Development Corp., Series 2024                                                                    | CUSIP: 08857FAA1<br>LEI: 2549009KNEM1RHMCBG65 | Long             | DBT              | MUN               | US        |   8250000 | PA      | $8007617.48   | 0.40%             | 2044-07-01      | Fixed         | 4.61%                 | No            |                  2 | On Loan: No      |
| Dallas Convention Center Hotel Development Corp.                                 | Dallas Convention Center Hotel Development Corp., Series 2009 B                                                        | CUSIP: 235417AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8715000 | PA      | $9737626.82   | 0.49%             | 2042-01-01      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEL3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1146023.19   | 0.06%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2020                                                                      | CUSIP: 19648FRN6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1158680.16   | 0.06%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021 B                                                             | CUSIP: 939783H66<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    940000 | PA      | $910378.63    | 0.05%             | 2030-01-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                              | County of Warren, Series 2018                                                                                          | CUSIP: 935031AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3302587.60   | 0.16%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021 A-1                                                                            | CUSIP: 14052TDW1<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   5345000 | PA      | $4538232.11   | 0.23%             | 2036-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A                                                                                | CUSIP: 744396JY9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    800000 | PA      | $755112.56    | 0.04%             | 2044-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | Washington Metropolitan Area Transit Authority, Series 2017 A-1                                                        | CUSIP: 938782ES4<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   5185000 | PA      | $5400565.86   | 0.27%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2021 B                                                   | CUSIP: 708692BU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6540941.70   | 0.33%             | 2031-06-01      | Variable      | 1.10%                 | No            |                  2 | On Loan: No      |
| San Antonio Education Facilities Corp.                                           | San Antonio Education Facilities Corp., Series 2021 A                                                                  | CUSIP: 796247DD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $573969.01    | 0.03%             | 2037-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607F7<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1300187.88   | 0.06%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| River Hall Community Development District                                        | River Hall Community Development District, Series 2021 A-1                                                             | CUSIP: 768247AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $474101.20    | 0.02%             | 2031-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2019 A                                             | CUSIP: 20775DCL4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5215567.50   | 0.26%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huron School District No. 2-2                                                    | Huron School District No. 2-2, Series 2024                                                                             | CUSIP: 447711MU3<br>LEI: 549300YUE3FUN4SN3W58 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $2045724.37   | 0.10%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4759093.20   | 0.24%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority, Series 2022 F-1                                                          | CUSIP: 64971XU48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12379771.20  | 0.62%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2019 A-2                                                           | CUSIP: 93978HWF8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3354666.90   | 0.17%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 C                                                                 | CUSIP: 5444953H5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   4615000 | PA      | $4752963.58   | 0.24%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | Southern California Public Power Authority, Series 2007 B                                                              | CUSIP: 842471AZ7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2880967.80   | 0.14%             | 2038-11-01      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021 A-2                                                                            | CUSIP: 14052TDX9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1600771.37   | 0.08%             | 2031-12-01      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | New Jersey Higher Education Student Assistance Authority, Series 2020 A                                                | CUSIP: 646080UX7<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2095000 | PA      | $2048115.16   | 0.10%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6U5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $600436.98    | 0.03%             | 2037-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072H6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    750000 | PA      | $778406.18    | 0.04%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority of the City of Huntsville (The)                            | Health Care Authority of the City of Huntsville (The), Series 2020 B                                                   | CUSIP: 44706HDS3<br>LEI: 254900QP8DQFH746YJ31 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2163103.43   | 0.11%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 C                                                                 | CUSIP: 5444953J1<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   3960000 | PA      | $4067158.00   | 0.20%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kyle TX                                                                  | City of Kyle, Series 2025                                                                                              | CUSIP: 50156CBZ2<br>LEI: 549300K0SYODYQ0ANN48 | Long             | DBT              | MUN               | US        |    722000 | PA      | $707799.49    | 0.04%             | 2035-09-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | New Jersey Health Care Facilities Financing Authority, Series 2017 A                                                   | CUSIP: 645790LG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1080000 | PA      | $1114637.33   | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SR7<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    275000 | PA      | $274799.58    | 0.01%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado            | Southern Ute Indian Tribe of the Southern Ute Reservation of Colorado, Series 2025 A                                   | CUSIP: 844090AD2<br>LEI: 549300X0RZRBWLO0J697 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4357702.22   | 0.22%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2959203.13   | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | Delaware State Economic Development Authority, Series 2020 A                                                           | CUSIP: 246387SX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8757337.50   | 0.44%             | 2031-01-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Waterworks & Sewer System Revenue                              | City of Dallas, Series 2017                                                                                            | CUSIP: 23542JFN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039424.40   | 0.05%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1090348.28   | 0.05%             | 2037-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2025 A                                                                               | CUSIP: 45506ENK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    750000 | PA      | $765949.28    | 0.04%             | 2029-05-01      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2019 A                                                                         | CUSIP: 491501FA5<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035304.00   | 0.05%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Medford Hospital Facilities Authority                                            | Medford Hospital Facilities Authority, Series 2020 A                                                                   | CUSIP: 584283GV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1360426.34   | 0.07%             | 2036-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | New Jersey Economic Development Authority, Series 2019 LLL                                                             | CUSIP: 64577B7P3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028540.60   | 0.05%             | 2039-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | State of Washington, Series 2024 A                                                                                     | CUSIP: 93974EH74<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10348884.00  | 0.52%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EP Cimarron Ventanas PFC                                                         | EP Cimarron Ventanas PFC, Series 2024                                                                                  | CUSIP: 26879QAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4020000 | PA      | $3763738.67   | 0.19%             | 2039-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2016                                                                     | CUSIP: 546399CX2<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |      5000 | PA      | $5088.56      | 0.00%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gainesville & Hall County Hospital Authority                                     | Gainesville & Hall County Hospital Authority, Series A                                                                 | CUSIP: 362762LK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2174466.42   | 0.11%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harvest Ridge Community Development District                                     | Harvest Ridge Community Development District, Series 2024                                                              | CUSIP: 41756PAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $619766.68    | 0.03%             | 2054-05-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3240000 | PA      | $3314766.56   | 0.17%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $628270.50    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2020                                                               | CUSIP: 93978HXE0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035788.40   | 0.05%             | 2038-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii Airports System Revenue                                          | State of Hawaii, Series 2020 A                                                                                         | CUSIP: 419794C75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4420000 | PA      | $4388913.26   | 0.22%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019849.80   | 0.05%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2021 A                                                                                       | CUSIP: 452153AW9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1942166.00   | 0.10%             | 2046-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | North Carolina State Education Assistance Authority, Series 2020 A                                                     | CUSIP: 658262GL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $464700.96    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series B                                                                  | CUSIP: 93978HUL7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1975897.19   | 0.10%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                                  | City of Port St. Lucie, Series 2016                                                                                    | CUSIP: 735352QF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1645630.44   | 0.08%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2022 C                                                                           | CUSIP: 56035DDP4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $11992627.20  | 0.60%             | 2052-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024-1, Class B-1                                                                     | CUSIP: 74448FAA9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3558774.10   | 0.18%             | 2036-04-28      | Fixed         | 6.81%                 | No            |                  2 | On Loan: No      |
| Alachua County Health Facilities Authority                                       | Alachua County Health Facilities Authority, Series B-1                                                                 | CUSIP: 010685LA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2425448.63   | 0.12%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village of Bellwood IL                                                           | Village of Bellwood, Series 2024                                                                                       | CUSIP: 080031AH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2592266.05   | 0.13%             | 2050-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westpointe Special Improvement District                                          | Westpointe Special Improvement District, Series 2024                                                                   | CUSIP: 96124RBS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $468908.87    | 0.02%             | 2037-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A-1                                                                              | CUSIP: 74441XJD2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  23650000 | PA      | $23770423.44  | 1.18%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | Michigan Strategic Fund, Series 2005                                                                                   | CUSIP: 594698EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4771941.00   | 0.24%             | 2035-04-01      | Variable      | 0.88%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | Energy Southeast A Cooperative District, Series 2023 B-1                                                               | CUSIP: 292723AY9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6618153.00   | 0.33%             | 2054-04-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2020 A                                                                       | CUSIP: 68608JYB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425497.97    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | Ohio Housing Finance Agency, Series 2023 B                                                                             | CUSIP: 676900WK5<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   6850000 | PA      | $6899202.87   | 0.34%             | 2026-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | Allegheny County Airport Authority, Series 2023 A                                                                      | CUSIP: 01728LHA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057060.90   | 0.05%             | 2041-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2017 C-1                                                                 | CUSIP: 59261AQL4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2429776.25   | 0.12%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Port St Lucie FL Utility System Revenue                                  | City of Port St. Lucie, Series 2016                                                                                    | CUSIP: 735352QE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1512406.95   | 0.08%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBH2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    195000 | PA      | $196755.45    | 0.01%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2022 F                                                                          | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6970000 | PA      | $7369254.84   | 0.37%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKS2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   8195000 | PA      | $8071576.74   | 0.40%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                      | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1464780.47   | 0.07%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JEC3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1341177.02   | 0.07%             | 2037-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indianapolis Local Public Improvement Bond Bank                                  | Indianapolis Local Public Improvement Bond Bank, Series 2021 A                                                         | CUSIP: 45528UT35<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $13994376.20  | 0.70%             | 2037-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | State of Connecticut, Series 2020 A                                                                                    | CUSIP: 207758ZZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3525473.00   | 0.18%             | 2036-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2023 B                                                   | CUSIP: 70870JGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2158428.98   | 0.11%             | 2041-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2020 A                                                   | CUSIP: 70870JCB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1851311.00   | 0.09%             | 2034-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State Education Assistance Authority                              | North Carolina State Education Assistance Authority, Series 2020 A                                                     | CUSIP: 658262GM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521484.45    | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2020 A                                                                                | CUSIP: 74446CAC4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $575312.52    | 0.03%             | 2037-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp.                                          | New York City Housing Development Corp., Series 2019 A-1                                                               | CUSIP: 64972C7L1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $1787497.71   | 0.09%             | 2038-11-01      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency, Inc.                                                       | Capital Trust Agency, Inc., Series 2021 A-1 T                                                                          | CUSIP: 14052TDZ4<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    855000 | PA      | $742354.52    | 0.04%             | 2034-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | Lee County Industrial Development Authority, Series 2019 A-1                                                           | CUSIP: 52350LAR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12000000 | PA      | $9899750.40   | 0.49%             | 2049-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 B                                                                 | CUSIP: 71883MPT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7753541.25   | 0.39%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | Central Plains Energy Project, Series 2022-1                                                                           | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5265278.00   | 0.26%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | Health & Educational Facilities Authority of the State of Missouri, Series 2014 F                                      | CUSIP: 60637AFM9<br>LEI: 549300IWTBCMX5JB3277 | Long             | STIV             | MUN               | US        |  15200000 | PA      | $15200000.00  | 0.76%             | 2044-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3205000 | PA      | $3202516.13   | 0.16%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2012                                                                                | CUSIP: 45203PAE4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5006812.00   | 0.25%             | 2043-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | Maryland Community Development Administration, Series 2019 B                                                           | CUSIP: 57419R7V1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4616918.00   | 0.23%             | 2034-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2021 A-2                                                                   | CUSIP: 13013FAV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6485000 | PA      | $5269867.94   | 0.26%             | 2046-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Galesburg IL                                                             | City of Galesburg, Series 2021 A                                                                                       | CUSIP: 363433AZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1017966.15   | 0.05%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEK5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1065000 | PA      | $1060504.64   | 0.05%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westpointe Special Improvement District                                          | Westpointe Special Improvement District, Series 2024                                                                   | CUSIP: 96124RBU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007745.00   | 0.05%             | 2045-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Galesburg IL                                                             | City of Galesburg, Series 2021 A                                                                                       | CUSIP: 363433BA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1211323.69   | 0.06%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                    | North Texas Tollway Authority, Series A                                                                                | CUSIP: 66285WWG7<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5032800.00   | 0.25%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Terrell Independent School District/TX                                           | Terrell Independent School District, Series 2025                                                                       | CUSIP: 881405NW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3158260.80   | 0.16%             | 2044-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Build NYC Resource Corp.                                                         | Build NYC Resource Corp., Series 2025                                                                                  | CUSIP: 12008QAC3<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1265852.29   | 0.06%             | 2043-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2137220.70   | 0.11%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakeside Place PFC                                                               | Lakeside Place PFC, Series 2021                                                                                        | CUSIP: 512179AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3851152 | PA      | $2802535.69   | 0.14%             | 2039-12-15      | Fixed         | 3.48%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2024                                                                       | CUSIP: 51265KFS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $472404.07    | 0.02%             | 2044-05-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $636541.02    | 0.03%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2018 A                                                      | CUSIP: 83703FLF7<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6269616.60   | 0.31%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | Massachusetts Bay Transportation Authority, Series 2025 B                                                              | CUSIP: 5755792C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7630000 | PA      | $7865206.96   | 0.39%             | 2046-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Municipal Light & Power Revenue                               | City of Seattle, Series 2017 C                                                                                         | CUSIP: 812643QA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5031215.00   | 0.25%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A                                                                                | CUSIP: 74439YFU0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989930.70    | 0.05%             | 2050-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | Michigan Finance Authority, Series 2024                                                                                | CUSIP: 59447NBC9<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   5375000 | PA      | $5502033.29   | 0.27%             | 2049-02-28      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | Orange County Health Facilities Authority, Series 2016 A                                                               | CUSIP: 68450LEC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024757.90   | 0.05%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp.                                                                   | Tennergy Corp., Series 2022 A                                                                                          | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |  21895000 | PA      | $23310929.94  | 1.16%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Herons Glen Recreation District                                                  | Herons Glen Recreation District, Series 2020                                                                           | CUSIP: 427747BS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $234790.17    | 0.01%             | 2036-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2024 A                                                      | CUSIP: 837032BY6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $5970355.92   | 0.30%             | 2045-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp.                                                           | Mississippi Home Corp., Series 2024 A-1                                                                                | CUSIP: 60535NDM6<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002439.00   | 0.25%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEN9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1331005.21   | 0.07%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | Chicago O'Hare International Airport, Series 2020 E                                                                    | CUSIP: 167593U83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5345000 | PA      | $5395924.49   | 0.27%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Richland SC                                                            | County of Richland, Series 2021                                                                                        | CUSIP: 76363RAC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $893021.30    | 0.04%             | 2031-11-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2019 A                                             | CUSIP: 20775DCN0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250015.05    | 0.01%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority, Series 2020 C                                                            | CUSIP: 64971XQG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1378342.84   | 0.07%             | 2037-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | Capital Projects Finance Authority, Series 2023 A-1                                                                    | CUSIP: 140427CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2274779.25   | 0.11%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Paducah Electric Plant Board                                                     | Paducah Electric Plant Board, Series 2016 A                                                                            | CUSIP: 695317DT1<br>LEI: 549300XTPDPORT8VIQ62 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5611389.30   | 0.28%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | Downtown Revitalization Public Infrastructure District, Series 2025 A                                                  | CUSIP: 26118TAP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1334603.79   | 0.07%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aspire Public Improvement District                                               | Aspire Public Improvement District, Series 2024                                                                        | CUSIP: 04538GAC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $713764.88    | 0.04%             | 2053-10-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Summerstone Community Development District                                       | Summerstone Community Development District, Series 2021                                                                | CUSIP: 865711AG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $599738.13    | 0.03%             | 2041-05-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2020 A                                                     | CUSIP: 97712D6T8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    600000 | PA      | $604088.58    | 0.03%             | 2036-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                      | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1404816.30   | 0.07%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $609471.14    | 0.03%             | 2034-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040558.50   | 0.05%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $63344.36     | 0.00%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Rockdale County                                         | Development Authority of Rockdale County, Series 2025 A-1                                                              | CUSIP: 77300QAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5050000 | PA      | $5075714.10   | 0.25%             | 2036-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | Metropolitan Pier & Exposition Authority, Series 2002 A                                                                | CUSIP: 592248GU6<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |  13045000 | PA      | $7557838.60   | 0.38%             | 2037-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health & Higher Educational Facilities Authority, Series 2020 A                                                  | CUSIP: 56042RYD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1138788.65   | 0.06%             | 2037-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Airport Authority                                               | Allegheny County Airport Authority, Series 2023 A                                                                      | CUSIP: 01728LHB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049062.50   | 0.05%             | 2042-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CMFA Special Finance Agency VIII                                                 | CMFA Special Finance Agency VIII, Series 2021 A-2                                                                      | CUSIP: 12574VAB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4900000 | PA      | $4237400.93   | 0.21%             | 2047-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JDZ3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    375000 | PA      | $376301.63    | 0.02%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615G31<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1105669.95   | 0.06%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | Michigan State Hospital Finance Authority, Series 2008 C                                                               | CUSIP: 59465HVZ6<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    135000 | PA      | $142771.63    | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035920.30   | 0.05%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cordoba Ranch Community Development District                                     | Cordoba Ranch Community Development District, Series 2021                                                              | CUSIP: 21853FAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $856094.20    | 0.04%             | 2037-05-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491885Y2<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   4350000 | PA      | $4501113.78   | 0.22%             | 2043-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2025-1, Class A-2                                                       | CUSIP: 13050WAB7<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   9974820 | PA      | $8525743.35   | 0.42%             | 2041-02-20      | Variable      | 3.44%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2019 A                                                                         | CUSIP: 491501EY4<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1567345.50   | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | County of Franklin, Series 2023                                                                                        | CUSIP: 353180LV2<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5120412.00   | 0.26%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CC8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066856.60   | 0.10%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1277837.00   | 0.06%             | 2036-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $469338.57    | 0.02%             | 2031-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pecan Public Facility Corp.                                                      | Pecan Public Facility Corp., Series 2022 A-1                                                                           | CUSIP: 705125AA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $9992491.88   | 0.50%             | 2037-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | California Community Choice Financing Authority, Series 2021 B-1                                                       | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5023997.50   | 0.25%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491885X4<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2229355.49   | 0.11%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salem-Keizer School District No. 24J                                             | Salem-Keizer School District No. 24J, Series 2020 C                                                                    | CUSIP: 569203PL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5620000 | PA      | $5639209.72   | 0.28%             | 2037-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Energy Agency                                                 | Kentucky Municipal Energy Agency, Series 2025                                                                          | CUSIP: 491499AU3<br>LEI: 254900W8G3M70YHUAO94 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14071699.60  | 0.70%             | 2055-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp.                                         | Arlington Higher Education Finance Corp., Series 2024                                                                  | CUSIP: 041807KY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $408846.56    | 0.02%             | 2054-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $269911.50    | 0.01%             | 2031-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813SS5<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    275000 | PA      | $271717.35    | 0.01%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 B                                                                                | CUSIP: 74441XHF9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1228009.82   | 0.06%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2022 A                                                                    | CUSIP: 19648FWQ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3067737.90   | 0.15%             | 2040-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438ME1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1586642.72   | 0.08%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2021 C                                                                                        | CUSIP: 64966QPZ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4930768.00   | 0.25%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Dakota Housing Finance Agency                                              | North Dakota Housing Finance Agency, Series 2024 C                                                                     | CUSIP: 6589098F6<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |   2240000 | PA      | $2299967.04   | 0.11%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2021 A                                             | CUSIP: 20775DQC9<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2344745.50   | 0.12%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $290709.88    | 0.01%             | 2035-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Housing Finance Authority                                    | Hillsborough County Housing Finance Authority, Series 2025 A                                                           | CUSIP: 43232EDE6<br>LEI: 5493003JJ1KK4FWWU787 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3079295.78   | 0.15%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | City of Philadelphia, Series 2023 B                                                                                    | CUSIP: 7178932Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3126241.80   | 0.16%             | 2053-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2016                                                                     | CUSIP: 546399CW4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10177.11     | 0.00%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                        | University of Connecticut, Series 2016 A                                                                               | CUSIP: 914233F63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5025000 | PA      | $5081502.61   | 0.25%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 A                                                               | CUSIP: 190813RV9<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    865000 | PA      | $854674.58    | 0.04%             | 2035-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | Louisiana Public Facilities Authority, Series 2017                                                                     | CUSIP: 546399CB0<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1034911.00   | 0.05%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607C4<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1920000 | PA      | $2040305.66   | 0.10%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | Maryland Health & Higher Educational Facilities Authority, Series 2017 B                                               | CUSIP: 574218U92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8520000 | PA      | $8871360.54   | 0.44%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No. 15                                    | Village Community Development District No. 15, Series 2024                                                             | CUSIP: 92708KAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $987698.70    | 0.05%             | 2034-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | King County Housing Authority, Series 2025                                                                             | CUSIP: 494759TB9<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031667.20   | 0.10%             | 2045-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | State of Illinois, Series 2022 B                                                                                       | CUSIP: 452153EA3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11040411.00  | 0.55%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | Northern Illinois University, Series 2021                                                                              | CUSIP: 665245ZN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2075000 | PA      | $1845448.15   | 0.09%             | 2043-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series D                                                                                            | CUSIP: 059231ZP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5835000 | PA      | $5844958.59   | 0.29%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | California Municipal Finance Authority, Series 2025 A                                                                  | CUSIP: 130483HW3<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3158142.36   | 0.16%             | 2043-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Terrell Independent School District/TX                                           | Terrell Independent School District, Series 2025                                                                       | CUSIP: 881405NX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2359905.53   | 0.12%             | 2045-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2019 A                                                                         | CUSIP: 491501EZ1<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1663793.76   | 0.08%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Everlands Community Development District                                         | Everlands Community Development District, Series 2024                                                                  | CUSIP: 30034HAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $969211.10    | 0.05%             | 2044-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2021                                                       | CUSIP: 97712JEB5<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    405000 | PA      | $405464.29    | 0.02%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFH6<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    450000 | PA      | $463471.83    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | Alaska Municipal Bond Bank Authority, Series 2020                                                                      | CUSIP: 01179RF81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1305000 | PA      | $1289044.55   | 0.06%             | 2037-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2940000 | PA      | $3020314.63   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | Arkansas Development Finance Authority, Series 2020 B-1                                                                | CUSIP: 04084RBX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001505.70   | 0.05%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2023-1, Class B-1                                                                     | CUSIP: 74448AAA0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5350000 | PA      | $5523355.52   | 0.28%             | 2034-07-25      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| State of Florida                                                                 | State of Florida, Series 2017 C                                                                                        | CUSIP: 34153QLQ7<br>LEI: 5493004G5XFOOUT0LQ57 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5046092.00   | 0.25%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072K9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |    700000 | PA      | $721006.16    | 0.04%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607D2<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2030000 | PA      | $2140095.83   | 0.11%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $785282.67    | 0.04%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KYN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4092304.40   | 0.20%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | Massachusetts Bay Transportation Authority, Series 2025 B                                                              | CUSIP: 5755792D8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6780000 | PA      | $7126066.79   | 0.36%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2017 B                                                                   | CUSIP: 59261ANH6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2140000 | PA      | $2204757.68   | 0.11%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | Mississippi Development Bank, Series 2019                                                                              | CUSIP: 60534WP69<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $1695857.31   | 0.08%             | 2039-11-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615F99<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1597734.30   | 0.08%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | Oregon State Facilities Authority, Series 2021 A                                                                       | CUSIP: 68608JYY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $764284.40    | 0.04%             | 2051-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $172244.90    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FMZ5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    420274 | PA      | $21013.71     | 0.00%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $751171.75    | 0.04%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2022 B-2                                                     | CUSIP: 84136FBC0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15277963.50  | 0.76%             | 2053-05-01      | Floating      | 4.72%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | Regional Transportation District, Series 2020 A                                                                        | CUSIP: 759151BP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009725.80   | 0.05%             | 2033-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Consolidated Government                                                | Lafayette Consolidated Government, Series 2015                                                                         | CUSIP: 50646PCJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3513960.80   | 0.18%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Clearwater FL Water & Sewer Revenue                                      | City of Clearwater, Series 2017                                                                                        | CUSIP: 185328KK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5520000 | PA      | $5687902.39   | 0.28%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1536719.32   | 0.08%             | 2036-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA Sewer Revenue                                               | City of Riverside, Series 2015 A                                                                                       | CUSIP: 769047HW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11020573.30  | 0.55%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District                                                  | Tarrant Regional Water District, Series 2025                                                                           | CUSIP: 876448JK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13865000 | PA      | $12131988.69  | 0.60%             | 2055-09-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45471FAC5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    830000 | PA      | $880425.99    | 0.04%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2014 I-3                                                                                      | CUSIP: 64966SMQ6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | STIV             | MUN               | US        |  10100000 | PA      | $10100000.00  | 0.50%             | 2044-03-01      | Variable      | 3.85%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | County of Jefferson, Series 2024                                                                                       | CUSIP: 472682ZC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5532753.50   | 0.28%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Higher Education Finance Corp.                                           | Houston Higher Education Finance Corp., Series 2025                                                                    | CUSIP: 44237QAH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $648294.20    | 0.03%             | 2051-10-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2025 A                                                                  | CUSIP: 187145VN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4552866.20   | 0.23%             | 2044-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1480000 | PA      | $1559025.64   | 0.08%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ector County Hospital District                                                   | Ector County Hospital District, Series 2020                                                                            | CUSIP: 279251AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $838912.48    | 0.04%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of South Miami Health Facilities Authority, Inc.                            | City of South Miami Health Facilities Authority, Inc., Series 2017                                                     | CUSIP: 838810DX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6045289.80   | 0.30%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake Houston Redevelopment Authority                                             | Lake Houston Redevelopment Authority, Series 2021                                                                      | CUSIP: 51001QAN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $233794.00    | 0.01%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2019 A                                                                | CUSIP: 04052FAM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $659093.84    | 0.03%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2745000 | PA      | $2784502.47   | 0.14%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                      | Vancouver Housing Authority, Series 2024 A                                                                             | CUSIP: 92162PAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2421415.00   | 0.12%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas, Inc.                                                    | Main Street Natural Gas, Inc., Series 2022 B                                                                           | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  10200000 | PA      | $10687227.48  | 0.53%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FMX0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    341673 | PA      | $17083.67     | 0.00%             | 2028-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westpointe Special Improvement District                                          | Westpointe Special Improvement District, Series 2024                                                                   | CUSIP: 96124RBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1096303.27   | 0.05%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2025                                                                  | CUSIP: 57585BJB5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015950.30   | 0.05%             | 2043-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | Los Angeles Department of Water & Power, Series 2017 B                                                                 | CUSIP: 5444952G8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |   8220000 | PA      | $8418298.46   | 0.42%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 A                                                                 | CUSIP: 718846AX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6380000 | PA      | $6630430.95   | 0.33%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | California Statewide Communities Development Authority, Series 2010 A                                                  | CUSIP: 13078HAY8<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4684350.50   | 0.23%             | 2029-09-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Harvest Ridge Community Development District                                     | Harvest Ridge Community Development District, Series 2024                                                              | CUSIP: 41756PAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $243558.58    | 0.01%             | 2031-05-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series D                                                                                            | CUSIP: 059231ZN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2795092.03   | 0.14%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | New York City Transitional Finance Authority, Series 2022 B-1                                                          | CUSIP: 64971XE61<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4394144.00   | 0.22%             | 2045-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $162027.74    | 0.01%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No. 1                                       | Denver City & County School District No. 1, Series 2025 A                                                              | CUSIP: 249174ZE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10818563.00  | 0.54%             | 2044-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | Patriots Energy Group Financing Agency, Series 2023 A-1                                                                | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |  27500000 | PA      | $29312541.50  | 1.46%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 A                                                                | CUSIP: 04052BPY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $69060.10     | 0.00%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2020 A                                                                | CUSIP: 04052FBQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1045655.64   | 0.05%             | 2037-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | City of Jacksonville, Series 2023 A                                                                                    | CUSIP: 469487VD1<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5397910.54   | 0.27%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | Massachusetts Development Finance Agency, Series 2020 C                                                                | CUSIP: 57584YB99<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    525000 | PA      | $561157.70    | 0.03%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2021 B                                                                                  | CUSIP: 46247SBP8<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3173791.73   | 0.16%             | 2056-05-15      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                               | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021                                                        | CUSIP: 88256HBC1<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039248.70   | 0.05%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | Philadelphia Authority for Industrial Development, Series 2020 A                                                       | CUSIP: 71780CAJ9<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    300000 | PA      | $295701.42    | 0.01%             | 2040-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | Allegheny County Hospital Development Authority, Series 2019 A                                                         | CUSIP: 01728A4T0<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4213526.00   | 0.21%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607B6<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1927799.82   | 0.10%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority Dedicated Revenue                 | Washington Metropolitan Area Transit Authority, Series 2024 A                                                          | CUSIP: 93878YDW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $460769.47    | 0.02%             | 2056-07-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI Sewerage System Revenue                                     | City of Milwaukee, Series 2021 S-2                                                                                     | CUSIP: 60242MFB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4600000 | PA      | $3218827.92   | 0.16%             | 2046-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | Municipal Electric Authority of Georgia, Series 2019 B                                                                 | CUSIP: 6262072J2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1080438.46   | 0.05%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $187122.93    | 0.01%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBL3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    265000 | PA      | $268174.99    | 0.01%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | East Baton Rouge Sewerage Commission, Series 2019 A                                                                    | CUSIP: 270618FJ5<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1324514.41   | 0.07%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Knightsbridge Community Development District                                     | Knightsbridge Community Development District, Series 2024                                                              | CUSIP: 49907FAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $193216.78    | 0.01%             | 2031-06-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2019 A-2                                                           | CUSIP: 93978HWE1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1729139.96   | 0.09%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Municipal Power Agency                                                  | Kentucky Municipal Power Agency, Series 2016 A                                                                         | CUSIP: 491501EN8<br>LEI: 2549001MTI3IE05Z7959 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6594145.35   | 0.33%             | 2034-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin Municipal Green Bond ETF                                                | Franklin Municipal Green Bond ETF                                                                                      | CUSIP: 35473P850<br>LEI: 549300D0VIUWD9JJ6J30 | Long             |  | RF                | US        |    830000 | NS      | $19027833.00  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise State University                                                           | Boise State University, Series 2025 A                                                                                  | CUSIP: 097464S77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $858799.46    | 0.04%             | 2050-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $196898.95    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2024 A-1                 | CUSIP: 546276DM5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   6295000 | PA      | $6298070.70   | 0.31%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2025 A-2                                                                              | CUSIP: 74441XJE0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5725000 | PA      | $2506348.32   | 0.12%             | 2045-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $271780.26    | 0.01%             | 2029-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX                                                               | City of El Paso, Series 2020 A                                                                                         | CUSIP: 283734S51<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1006698.10   | 0.05%             | 2035-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2024 A                                                      | CUSIP: 837032CD1<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4134588.00   | 0.21%             | 2050-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | Alaska Municipal Bond Bank Authority, Series 2020                                                                      | CUSIP: 01179RF65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1723154.86   | 0.09%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $290214.99    | 0.01%             | 2037-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | Louisiana Local Government Environmental Facilities & Community Development Authority, Series 2021                     | CUSIP: 54628CUF7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   9130000 | PA      | $7616929.84   | 0.38%             | 2046-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2025 A                                                                  | CUSIP: 187145VL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3275000 | PA      | $3142047.12   | 0.16%             | 2042-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport     | San Francisco City & County Airport Comm-San Francisco International Airport, Series 2019 A                            | CUSIP: 79766DMA4<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |   6760000 | PA      | $6761461.51   | 0.34%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2017                                                               | CUSIP: 93978HSP1<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2419632.24   | 0.12%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | New Jersey Educational Facilities Authority, Series 2016 B                                                             | CUSIP: 646066F54<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5052507.50   | 0.25%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                           | Downtown Revitalization Public Infrastructure District, Series 2025 B                                                  | CUSIP: 26118TBU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047763.30   | 0.05%             | 2050-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Poitras East Community Development District                                      | Poitras East Community Development District, Series 2023                                                               | CUSIP: 73086BAC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1945931.60   | 0.10%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $902119.54    | 0.04%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | Southeast Energy Authority A Cooperative District, Series 2022 B-1                                                     | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5471662.35   | 0.27%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 1999                                                                                           | CUSIP: 167484QW7<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3313974.40   | 0.17%             | 2031-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Pompano Beach FL                                                         | City of Pompano Beach, Series 2020                                                                                     | CUSIP: 732203BC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2197573.25   | 0.11%             | 2040-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2021 B                                                                                         | CUSIP: 167486U49<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5032040.28   | 0.25%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Missouri State University                                              | Southeast Missouri State University, Series 2020                                                                       | CUSIP: 841438MD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2196314.03   | 0.11%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Authority                                                          | Capital Trust Authority, Series 2024                                                                                   | CUSIP: 14054XAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17400000 | PA      | $14520091.20  | 0.72%             | 2029-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607E0<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2135000 | PA      | $2236105.49   | 0.11%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | City of Chicago, Series 2023 A                                                                                         | CUSIP: 167486N96<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10244556.00  | 0.51%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas Housing Finance Corp.                                             | City of Dallas Housing Finance Corp., Series 2025 A                                                                    | CUSIP: 235298CC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2819013.09   | 0.14%             | 2044-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cobb County Kennestone Hospital Authority                                        | Cobb County Kennestone Hospital Authority, Series 2020 B                                                               | CUSIP: 190813ST3<br>LEI: 549300TB04LETJYNFR44 | Long             | DBT              | MUN               | US        |    275000 | PA      | $267838.29    | 0.01%             | 2036-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Riverside CA Sewer Revenue                                               | City of Riverside, Series 2015 A                                                                                       | CUSIP: 769047HV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10605000 | PA      | $10624834.53  | 0.53%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westside 211 Special Improvement District                                        | Westside 211 Special Improvement District, Series 2021                                                                 | CUSIP: 96145JAM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $285166.00    | 0.01%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California Community Housing Agency                                              | California Community Housing Agency, Series 2021 A-2                                                                   | CUSIP: 13013FAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6685000 | PA      | $5862972.29   | 0.29%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co.                                                       | Philadelphia Gas Works Co., Series 15th                                                                                | CUSIP: 71783MAQ8<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2076934.60   | 0.10%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74442EGR5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    200000 | PA      | $203337.80    | 0.01%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health & Higher Educational Facilities Authority, Series 2020 A                                                  | CUSIP: 56042RYC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002830.60   | 0.05%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | Arizona Industrial Development Authority, Series 2021 B                                                                | CUSIP: 04052BQJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $162112.80    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port New Orleans Board of Commissioners                                          | Port New Orleans Board of Commissioners, Series 2020 E                                                                 | CUSIP: 734782DM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1033475.90   | 0.05%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | Connecticut State Health & Educational Facilities Authority, Series 2019 A                                             | CUSIP: 20775DCP5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   4750000 | PA      | $4696738.25   | 0.23%             | 2036-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Madison City Board of Education                                                  | Madison City Board of Education, Series 2019                                                                           | CUSIP: 55658FAN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2940772.77   | 0.15%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2024 A-1                                                                              | CUSIP: 74441XHW2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  24350000 | PA      | $24361877.93  | 1.21%             | 2031-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74444VBJ8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $253460.65    | 0.01%             | 2028-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | New York City Municipal Water Finance Authority, Series 2024 CC-1                                                      | CUSIP: 64972GH98<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  15090000 | PA      | $15571796.54  | 0.78%             | 2054-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lake View Management and Development District                                    | Lake View Management and Development District, Series 2024                                                             | CUSIP: 511115DU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1465752.34   | 0.07%             | 2049-02-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | Michigan State Housing Development Authority, Series 2019 A-1                                                          | CUSIP: 59465M6K6<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2904305.95   | 0.14%             | 2039-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2020                                                                      | CUSIP: 19648FRL0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    750000 | PA      | $802284.38    | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-1                                                                  | CUSIP: 19648FJZ8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1160624.38   | 0.06%             | 2039-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | Ohio Housing Finance Agency, Series 2023 B                                                                             | CUSIP: 676900WF6<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |   4100000 | PA      | $4120006.77   | 0.21%             | 2026-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | New Jersey Transportation Trust Fund Authority, Series 2021 A                                                          | CUSIP: 6461368A2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6129764.54   | 0.31%             | 2036-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2021 A                                                                                | CUSIP: 74442EGQ7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    285000 | PA      | $290637.36    | 0.01%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| King County Housing Authority                                                    | King County Housing Authority, Series 2025                                                                             | CUSIP: 494759TA1<br>LEI: 549300TZU8KSWALVD392 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502745.20    | 0.03%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2024 A                                                                   | CUSIP: 59261A2G1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5160758.50   | 0.26%             | 2047-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-2                                                                  | CUSIP: 19648FKQ6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044686.20   | 0.10%             | 2038-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2022 A                                                                                | CUSIP: 74441XHE2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   5600000 | PA      | $4724721.68   | 0.24%             | 2037-12-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | Pennsylvania Economic Development Financing Authority, Series 2023 B                                                   | CUSIP: 70870JGH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2815000 | PA      | $2506324.27   | 0.12%             | 2042-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | Allegheny County Hospital Development Authority, Series 2019 A                                                         | CUSIP: 01728A4V5<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047988.90   | 0.05%             | 2034-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | City of New York, Series 2022 D-1                                                                                      | CUSIP: 64966QC65<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2704712.40   | 0.13%             | 2046-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2025 A                                                             | CUSIP: 93978LJL1<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2202885.00   | 0.11%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2017                                                               | CUSIP: 93978HSK2<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2309974.43   | 0.12%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2025                                                                                | CUSIP: 45204FZN8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4985400.50   | 0.25%             | 2035-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Sterling Ranch Community Authority Board                                         | Sterling Ranch Community Authority Board, Series 2020 A                                                                | CUSIP: 85950NAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $482710.25    | 0.02%             | 2030-12-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | Washington State Housing Finance Commission, Series 2021-1, Class A                                                    | CUSIP: 93978TS59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |   6544683 | PA      | $6180000.44   | 0.31%             | 2035-12-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Northern Illinois University                                                     | Northern Illinois University, Series 2021                                                                              | CUSIP: 665245ZL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $364695.96    | 0.02%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | City of Lubbock, Series 2024                                                                                           | CUSIP: 5491886T2<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2073092.25   | 0.10%             | 2042-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eastern Kentucky University                                                      | Eastern Kentucky University, Series 2021 A                                                                             | CUSIP: 276552GY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1515332.74   | 0.08%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp.                                          | City of Phoenix Civic Improvement Corp., Series 2019 A                                                                 | CUSIP: 718846AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3340000 | PA      | $3494530.78   | 0.17%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | Iowa Finance Authority, Series 2016 A                                                                                  | CUSIP: 46246K3R1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    650000 | PA      | $650957.06    | 0.03%             | 2036-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | Wisconsin Health & Educational Facilities Authority, Series 2024 A                                                     | CUSIP: 97712JJD6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004301.70   | 0.05%             | 2044-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| City of El Paso TX                                                               | City of El Paso, Series 2020 A                                                                                         | CUSIP: 283734S69<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000823.40   | 0.05%             | 2036-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Troy Capital Resource Corp.                                                      | Troy Capital Resource Corp., Series 2020 A                                                                             | CUSIP: 897579BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3165812.55   | 0.16%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cross Creek North Community Development District                                 | Cross Creek North Community Development District, Series 2022                                                          | CUSIP: 227521AF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $461493.48    | 0.02%             | 2032-05-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Authority, Series 2021 | CUSIP: 74527EFL7<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | PR        |    550000 | PA      | $588637.50    | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | Chicago Park District, Series 2020 F-2                                                                                 | CUSIP: 167615G49<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2487719.64   | 0.12%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | New Hampshire Business Finance Authority, Series 2025                                                                  | CUSIP: 63607EAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1717478.00   | 0.09%             | 2045-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607G5<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2470000 | PA      | $2553047.82   | 0.13%             | 2036-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45506EEM1<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1234333.84   | 0.06%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | Lakewood Ranch Stewardship District, Series 2025                                                                       | CUSIP: 51265KGG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1990448.00   | 0.10%             | 2045-05-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | Maricopa County Industrial Development Authority, Series 2019 A                                                        | CUSIP: 56678PAK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050318.80   | 0.05%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | Indiana Finance Authority, Series 2023 A                                                                               | CUSIP: 45471FAD3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1627193.28   | 0.08%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | Allentown Neighborhood Improvement Zone Development Authority, Series 2022                                             | CUSIP: 018444BT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $730134.68    | 0.04%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2023 B-2                                                                        | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  14000000 | PA      | $15113368.20  | 0.75%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2025 A                                                                  | CUSIP: 187145VQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2299731.30   | 0.11%             | 2049-02-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | City of Jacksonville, Series 2020                                                                                      | CUSIP: 469400EJ0<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1512026.18   | 0.08%             | 2039-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lake View Management and Development District                                    | Lake View Management and Development District, Series 2024                                                             | CUSIP: 511115DT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $869505.00    | 0.04%             | 2044-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | Virginia Small Business Financing Authority, Series 2022                                                               | CUSIP: 928104NL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2547654.25   | 0.13%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Boise State University                                                           | Boise State University, Series 2025 A                                                                                  | CUSIP: 097464S85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $829995.21    | 0.04%             | 2054-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lehi UT Sales Tax Revenue                                                | City of Lehi, Series 2021                                                                                              | CUSIP: 52469SAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2543598.30   | 0.13%             | 2048-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lafayette Consolidated Government                                                | Lafayette Consolidated Government, Series 2015                                                                         | CUSIP: 50646PCL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4703687.53   | 0.23%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Middleton Community Development District A                                       | Middleton Community Development District A, Series 2022                                                                | CUSIP: 596681AB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067599.20   | 0.05%             | 2032-05-01      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| City of Grand Forks ND                                                           | City of Grand Forks, Series 2021                                                                                       | CUSIP: 38546WDA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1692851.36   | 0.08%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp.                                           | Clifton Higher Education Finance Corp., Series 2022                                                                    | CUSIP: 187155BP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10535000 | PA      | $9617882.95   | 0.48%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | Metropolitan Transportation Authority, Series 2017 C-1                                                                 | CUSIP: 59261AQB6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1870000 | PA      | $1971236.19   | 0.10%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Aspire Public Improvement District                                               | Aspire Public Improvement District, Series 2024                                                                        | CUSIP: 04538GAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $472159.01    | 0.02%             | 2044-10-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Huron School District No. 2-2                                                    | Huron School District No. 2-2, Series 2024                                                                             | CUSIP: 447711MZ2<br>LEI: 549300YUE3FUN4SN3W58 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1497384.14   | 0.07%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | South Carolina Public Service Authority, Series 2025 A                                                                 | CUSIP: 8371515V7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1728362.65   | 0.09%             | 2055-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp. III                               | Texas Municipal Gas Acquisition & Supply Corp. III, Series 2021                                                        | CUSIP: 88256HBF4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10676286.00  | 0.53%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Chestertown MD                                                           | Town of Chestertown, Series 2021 A                                                                                     | CUSIP: 166630AH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1402826.97   | 0.07%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kaufman County Fresh Water Supply District No. 1-D                               | Kaufman County Fresh Water Supply District No. 1-D, Series 2021                                                        | CUSIP: 48618TAT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $144391.43    | 0.01%             | 2028-09-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | Colorado Health Facilities Authority, Series 2019 A-1                                                                  | CUSIP: 19648FJR6<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2662249.00   | 0.13%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | Public Finance Authority, Series 2020 A                                                                                | CUSIP: 74442CCV4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2075783.43   | 0.10%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | South Carolina Jobs-Economic Development Authority, Series 2025 A                                                      | CUSIP: 83703EMX0<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4708773.00   | 0.23%             | 2043-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | Pennsylvania Higher Educational Facilities Authority, Series 2020 A                                                    | CUSIP: 70917TAP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6950000 | PA      | $7144344.94   | 0.36%             | 2039-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | New Jersey Higher Education Student Assistance Authority, Series 2020 B                                                | CUSIP: 646080VF5<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    975000 | PA      | $943051.79    | 0.05%             | 2039-12-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | City of Baltimore, Series 2017 A                                                                                       | CUSIP: 05922KZG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030311.30   | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Liberty Development Corp.                                               | New York Liberty Development Corp., Series 2021 A                                                                      | CUSIP: 649519DJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2340000 | PA      | $2189642.60   | 0.11%             | 2027-11-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Tennessee State School Bond Authority                                            | Tennessee State School Bond Authority, Series 2015 B                                                                   | CUSIP: 880558HM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8180000 | PA      | $8208333.07   | 0.41%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | Washington Health Care Facilities Authority, Series 2020                                                               | CUSIP: 93978HXF7<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029557.50   | 0.05%             | 2039-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | California Community Choice Financing Authority, Series 2023 C                                                         | CUSIP: 13013JCM6<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11570620.60  | 0.58%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | Illinois Finance Authority, Series 2021 A                                                                              | CUSIP: 45204FJP1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  12645000 | PA      | $11518942.52  | 0.57%             | 2040-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Celina TX                                                                | City of Celina, Series 2024                                                                                            | CUSIP: 15114CJW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $334916.06    | 0.02%             | 2044-09-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | Black Belt Energy Gas District, Series 2022 E                                                                          | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7305213.30   | 0.36%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Harvest Ridge Community Development District                                     | Harvest Ridge Community Development District, Series 2024                                                              | CUSIP: 41756PAB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $251813.98    | 0.01%             | 2044-05-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Columbus Metropolitan Housing Authority                                          | Columbus Metropolitan Housing Authority, Series 2024                                                                   | CUSIP: 19951AAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5508960.60   | 0.27%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Turner SD                                                              | County of Turner, Series 2025                                                                                          | CUSIP: 90027SBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4520000 | PA      | $4200634.43   | 0.21%             | 2049-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | Maine Health & Higher Educational Facilities Authority, Series 2020 A                                                  | CUSIP: 56042RYE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2611574.66   | 0.13%             | 2038-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Higher Education Loan Authority                                             | Iowa Higher Education Loan Authority, Series 2020                                                                      | CUSIP: 4624607H3<br>LEI: 549300DWVTM3KRNR0M36 | Long             | DBT              | MUN               | US        |   2595000 | PA      | $2666842.58   | 0.13%             | 2037-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | State of Ohio, Series 2020                                                                                             | CUSIP: 67756CEX2<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    905000 | PA      | $865123.08    | 0.04%             | 2036-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Franklin Tax Free Trust

**Signature:** Monica Krogh

**Name of Signer:** Monica Krogh

**Title:** Assistant Treasurer