# EDGAR Filing Document

**Accession Number:** 0000225997
**File Stem:** 0001752724-25-163093
**Filing Date:** 2025-6
**Character Count:** 297198
**Document Hash:** b1539380fa5c5d4a400c7b658a03c343
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-163093.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-163093

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD MUNICIPAL BOND FUNDS
- **CENTRAL INDEX KEY:** 0000225997

**ORGANIZATION NAME:**
- **EIN:** 232022170
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02687
- **FILM NUMBER:** 251090688

**BUSINESS ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 2600
- **STREET 2:** V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD MUNICIPAL BOND FUND
- **DATE OF NAME CHANGE:** 19851103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WARWICK MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19800619

## Series and Classes Contracts Data

### Vanguard Short Duration Tax-Exempt Bond ETF (Series ID: S000088616)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000254941 | ETF Shares   | VSDM            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD MUNICIPAL BOND FUNDS

- **b. Investment Company Act file number:** 811-02687

- **c. CIK number of Registrant:** 0000225997

- **d. LEI of Registrant:** 5493005YO1ELB2VD2X90

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD SHORT DURATION TAX-EXEMPT BOND ETF

- **b. EDGAR series identifier (if any):** S000088616

- **c. LEI of Series:** 529900E050WC6VQM8292

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

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

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $90532794.91

**Total Liabilities:** $2117759.50

**Net Assets:** $88415035.41

**Delayed Delivery Securities:** $1803477.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -186.72824133 | **1-Year:** -4875.40507806 | **5-Year:** -11967.22430521 | **10-Year:** -11002.63187217 | **30-Year:** -6079.89414457

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

- **3-Month:** -0.71733814 | **1-Year:** -48.37538079 | **5-Year:** -29.61829799 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254941 | 0.69%                | -0.17%               | -0.20%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $719.25                  | $203714.94                                 |
| Month 2  | $130.29                  | $-272251.36                                |
| Month 3  | $-1184.53                | $-308297.25                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE                      | CUSIP: 592029BA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $79802.61     | 0.09%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TBC0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    190000 | PA      | $189313.28    | 0.21%             | 2053-04-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Dutchess County Local Development Corp                                           | DUTCHESS CO LOCAL DEV                   | CUSIP: 267045GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $68890.23     | 0.08%             | 2034-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Brevard County Health Facilities Authority                                       | BREVARD HLTH FACS-A                     | CUSIP: 107416PZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $113279.05    | 0.13%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TN ENERGY                               | CUSIP: 880443EE2<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177155.60    | 0.20%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063C8S2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98495.03     | 0.11%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES DEPT WTR                    | CUSIP: 5444954F8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51490.77     | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lexington-Fayette Urban County Government                                        | LEXINGTON ETC URBAN-A                   | CUSIP: 52908EXX6<br>LEI: 549300CQQJVZ2ZU0TG79 | Long             | DBT              | MUN               | US        |    175000 | PA      | $173880.47    | 0.20%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of Houston                                                            | UNIV HOUSTON BRD RGTS                   | CUSIP: 914302JV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51731.12     | 0.06%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY HLTH EDU                      | CUSIP: 49952MEE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50570.80     | 0.06%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CA STWD CMNTY DEV-A                     | CUSIP: 13078RGV6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    145000 | PA      | $148039.77    | 0.17%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                             | CUSIP: 64966MPE3<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     85000 | PA      | $88561.69     | 0.10%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER IND DEV AUTH                   | CUSIP: 158862CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125373.35    | 0.14%             | 2035-12-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| County of Shawnee KS                                                             | SHAWNEE CO-A                            | CUSIP: 82056AAA6<br>LEI: 5493007F3P7G61QTP515 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100155.57    | 0.11%             | 2059-05-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Municipal Cash Management Fund                       | Vanguard Municipal Cash Management Fund | CUSIP: N/A<br>LEI: VVKMFR2VC8EHEF9DKR84       | Long             | STIV             | CORP              | US        |  22468292 | NS      | $2246829.19   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | VIRGINIA ST CMWLTH-A                    | CUSIP: 927793D89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104116.02    | 0.12%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA FL CAPITAL IMPT                   | CUSIP: 875146AK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203758.64    | 0.23%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CO CULTURAL-E                   | CUSIP: 87638QSF7<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    175000 | PA      | $177204.21    | 0.20%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CO-REV                         | CUSIP: 438697BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $103620.40    | 0.12%             | 2029-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                                  | MN HGR EDU FACS-B-2                     | CUSIP: 60416JJC5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52371.98     | 0.06%             | 2053-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Northwest Independent School District                                            | NW ISD-BLDG                             | CUSIP: 6678255G4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     30000 | PA      | $30008.82     | 0.03%             | 2027-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NJ HSG&MTGE FIN AGY-I                   | CUSIP: 64613AFP2<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    120000 | PA      | $119574.49    | 0.14%             | 2029-04-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financial Authority                        | FLORIDA HGR EDU FACS                    | CUSIP: 34073TGA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $96214.71     | 0.11%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO WTRWKS-REMK                     | CUSIP: 167736E37<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101654.28    | 0.11%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                   | UAB MEDICINE AUTH-B2                    | CUSIP: 902562CB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61290.23     | 0.07%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado River Municipal Water District                                          | CO RVR MUN WTR-REF                      | CUSIP: 196558SJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78502.28     | 0.09%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Higher Educational Facilities Financial Authority                        | FL ST HGR EDU                           | CUSIP: 34073TMX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71862.40     | 0.08%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO BOE CAB-B-1                     | CUSIP: 167501VG7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     50000 | PA      | $41125.35     | 0.05%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUB PWR AUTH                   | CUSIP: 842469AD0<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     80000 | PA      | $83099.05     | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST-A-REF                         | CUSIP: 68609UPA7<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    150000 | PA      | $166238.61    | 0.19%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Planned Industrial Expansion Authority                               | KANSAS CITY INDL EXP                    | CUSIP: 48507MAC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102510.69    | 0.12%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Upper Providence PA/Delaware County                                  | UPPER PROVIDENCE TWP                    | CUSIP: 916384BV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $83699.58     | 0.09%             | 2027-05-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL-A                   | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99140.53     | 0.11%             | 2052-09-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp                                      | NY CONVENTN CTR-B                       | CUSIP: 649451FT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $125391.03    | 0.14%             | 2029-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157775.10    | 0.18%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DC HSG FIN AGY-REV                      | CUSIP: 25477PPW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250019.08    | 0.28%             | 2026-08-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| City of Minneapolis MN/St Paul Housing & Redevelopment Authority                 | MINNEAPOLIS MN & SAIN                   | CUSIP: 603695JL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156142.77    | 0.18%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                  | CALIFORNIA CO TOBACCO                   | CUSIP: 13016NEP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $83822.06     | 0.09%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CA ST MUNI FUN AUTH-B                   | CUSIP: 130483HT0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98277.42     | 0.11%             | 2064-12-01      | Variable      | 3.05%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST-REF                         | CUSIP: 452152H46<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49918.32     | 0.06%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PA HGR ED-AW-UNREF                      | CUSIP: 70917TKS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $152909.40    | 0.17%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NJ EDU FACS AUTH REV                    | CUSIP: 646066Y61<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |     50000 | PA      | $47105.20     | 0.05%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH                   | CUSIP: 64990BR47<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50555.43     | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nebraska Investment Finance Authority                                            | NE INVESTMENT FIN AUT                   | CUSIP: 63968MYR4<br>LEI: 549300OIIXIM3SRZWK33 | Long             | DBT              | MUN               | US        |    200000 | PA      | $210522.60    | 0.24%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV                   | CUSIP: 682832FG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72271.41     | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | METRO PIER CAB REF -A                   | CUSIP: 592247FX3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95684.25     | 0.11%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | IL SPORTS FACS-REF                      | CUSIP: 452143EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100180.00    | 0.11%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PA TPK-B-REF-SUB-AGM                    | CUSIP: 709224QL6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202799.10    | 0.23%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NH HLTH & EDU FACS                      | CUSIP: 6446147X1<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151843.31    | 0.17%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CO-B-REF                     | CUSIP: 59333FPM6<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99933.03     | 0.11%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CA STATEWIDE CMNTY                      | CUSIP: 13078RGD6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |     65000 | PA      | $62016.97     | 0.07%             | 2031-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH &                   | CUSIP: 20775DUX8<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    175000 | PA      | $174176.52    | 0.20%             | 2048-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | CVI-HTA 98 SR CLAIM                     | CUSIP: 74514L4C8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     10661 | PA      | $6529.56      | 0.01%             | 2051-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH-C-UNREFD                   | CUSIP: 74442PL60<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30072.80     | 0.03%             | 2041-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                       | DENVER CITY & CO-A                      | CUSIP: 249164RD8<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69152.64     | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harnett NC                                                             | HARNETT CO                              | CUSIP: 41333TCK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107902.44    | 0.12%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP-A                         | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    190000 | PA      | $189602.84    | 0.21%             | 2051-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQ                   | CUSIP: 88256HBD9<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129150.36    | 0.15%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VLG CDD #15                             | CUSIP: 92708KAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98616.29     | 0.11%             | 2029-05-01      | Fixed         | 3.75%                 | Yes           |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CA MUNI FIN AUTH-A                      | CUSIP: 13048T4B6<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     80000 | PA      | $82036.33     | 0.09%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA TOLL AUTH-A                    | CUSIP: 072024UJ9<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149197.76    | 0.17%             | 2047-04-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL-C                   | CUSIP: 56035DHT2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    135000 | PA      | $139683.35    | 0.16%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | AZ IND DEV AUTH                         | CUSIP: 04062PCD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153391.59    | 0.17%             | 2058-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tampa FL                                                                 | TAMPA HOSP REVENUE-B                    | CUSIP: 875161CR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $80114.78     | 0.09%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Massachusetts Emergency Communications District                          | WSTRN EMERGENCY-BANS                    | CUSIP: 958592AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100414.72    | 0.11%             | 2026-04-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY HLTH EDU                      | CUSIP: 49952MED4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $243077.35    | 0.27%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH D                   | CUSIP: 717883VV1<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103665.17    | 0.12%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | HAWAII ST                               | CUSIP: 419792XM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51618.63     | 0.06%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alaska Housing Finance Corp                                                      | ALASKA HSG FIN CORP                     | CUSIP: 01170RHX3<br>LEI: 549300HJ8NOJNYW6ER36 | Long             | DBT              | MUN               | US        |    100000 | PA      | $87576.65     | 0.10%             | 2031-06-01      | Fixed         | 2.15%                 | No            |                  2 | On Loan: No      |
| Columbus County Industrial Facilities & Pollution Control Financing Authority    | COLUMBUS IDA-A-REF                      | CUSIP: 199048AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199218.70    | 0.23%             | 2034-05-01      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| Mississippi Hospital Equipment & Facilities Authority                            | MISSISSIPPI ST HOSP E                   | CUSIP: 605360TQ9<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57382.80     | 0.06%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                   | LOWER AL GAS DIST GAS                   | CUSIP: 547804AC8<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51786.78     | 0.06%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NY ST HSG FIN AGY-A-2                   | CUSIP: 64987J2W0<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99220.56     | 0.11%             | 2064-11-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NY ST HSG FIN AGY-E-2                   | CUSIP: 64987JWE7<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    170000 | PA      | $166446.20    | 0.19%             | 2062-05-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL ST FIN AUTH-A-REF                    | CUSIP: 45204EHQ4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    245000 | PA      | $249209.66    | 0.28%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NYC HSG DEV CORP-A-2                    | CUSIP: 64972KJL0<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97864.20     | 0.11%             | 2064-11-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| Rhode Island Commerce Corp                                                       | RI COMMERCE CORP-B                      | CUSIP: 762232AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $111821.14    | 0.13%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CO INDL DEV AUTH                   | CUSIP: 721901KK1<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    115000 | PA      | $121860.10    | 0.14%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minneapolis-St Paul Metropolitan Airports Commission                             | MINNEAPOLIS ARPT-C                      | CUSIP: 603827YS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $133346.04    | 0.15%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DC HSG FIN AGY                          | CUSIP: 25477PQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99100.71     | 0.11%             | 2046-05-01      | Variable      | 3.15%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | DALLAS TX ISD-A-2                       | CUSIP: 235308Q48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51228.85     | 0.06%             | 2055-02-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi State University Educational Building Corp                           | MS UNIV EDUCTNL BLDG                    | CUSIP: 605699PA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100765.64    | 0.11%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | CENTRL FL EXPWY AUTH                    | CUSIP: 153476BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65294.98     | 0.07%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK                                | CUSIP: 64966Q2J8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $219554.04    | 0.25%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Flood Control District                                             | HARRIS CO-A                             | CUSIP: 4140187T2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107526.07    | 0.12%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jacksonville Public Educational Building Authority                               | JACKSONVILLE PUBLIC E                   | CUSIP: 469480AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49501.76     | 0.06%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham/The                                  | BIRMINGHAM WTRWKS-B                     | CUSIP: 091096LM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60975.50     | 0.07%             | 2034-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NJ HLTH CARE-A-REF                      | CUSIP: 645790FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65892.74     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clear Creek Independent School District                                          | CLEAR CREEK ISD-B                       | CUSIP: 184541CR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149969.66    | 0.17%             | 2035-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL ST FIN AUTH-B                        | CUSIP: 45204ENX2<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    175000 | PA      | $178985.94    | 0.20%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | PA ST TRNPK COMM-A                      | CUSIP: 709221UE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204726.48    | 0.23%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Williamson TX                                                          | WILLIAMSON CO-NTS                       | CUSIP: 969888CR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53216.35     | 0.06%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT O                   | CUSIP: 544532CV4<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62760.36     | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                        | BURKE C0 DEV AUTH                       | CUSIP: 121342QG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $70358.26     | 0.08%             | 2032-10-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES DEP WTR-B                   | CUSIP: 5444952G8<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     25000 | PA      | $25372.14     | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Higher Education Facilities Authority                                 | WA HSG EDU FACS-REF                     | CUSIP: 939781X47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76937.66     | 0.09%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MO ST HLTH EDUCTNL FA                   | CUSIP: 60637AVX7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156481.64    | 0.18%             | 2039-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI-REF                      | CUSIP: 220245Y99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153284.78    | 0.17%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                    | CUSIP: 882854T85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $78272.12     | 0.09%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NY ST HSG FIN AGY-D-2                   | CUSIP: 64987JVN8<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49006.08     | 0.06%             | 2062-05-01      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission Oil Franchise Tax Revenue                       | PA ST TRNPK-B                           | CUSIP: 709221UX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $164121.12    | 0.19%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knoxville's Community Development Corp                                           | KNOXVILLE CMNTY  DEV                    | CUSIP: 499743CT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100360.16    | 0.11%             | 2027-12-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU                   | CUSIP: 645424AF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105402.26    | 0.12%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN ST NAT GAS-E-1                     | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157287.90    | 0.18%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON -B -REF -REV                    | CUSIP: 442349HB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144923.69    | 0.16%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIF CMNTY FIN-E-1                     | CUSIP: 13013JDB9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52395.88     | 0.06%             | 2054-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp                                      | NY CONVENTN CTR-REF                     | CUSIP: 649451DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50317.00     | 0.06%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forsyth MT                                                               | FORSYTH-A-REF                           | CUSIP: 346668DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $53991.86     | 0.06%             | 2031-03-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | MI FIN AUTH-B-1-REF                     | CUSIP: 59465HXE1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106619.26    | 0.12%             | 2055-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON-F-ARTICLE XI-Q                   | CUSIP: 68609BSQ1<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152320.56    | 0.17%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MI FIN AUTH-VAR-HOSP                    | CUSIP: 59447TH22<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    120000 | PA      | $120007.82    | 0.14%             | 2039-12-01      | Floating      | 4.52%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                              | HAWAII CO                               | CUSIP: 4197223G6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106017.18    | 0.12%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH REV                    | CUSIP: 46246K7H9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     90000 | PA      | $95657.21     | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST-A                           | CUSIP: 452153AL3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    140000 | PA      | $148452.14    | 0.17%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Upland CA                                                                | UPLAND CA COPS                          | CUSIP: 915346FT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $139468.80    | 0.16%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | S E ENERGY AUTH-A                       | CUSIP: 84136FAH0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    235000 | PA      | $233613.29    | 0.26%             | 2051-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOI                   | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    355000 | PA      | $380011.88    | 0.43%             | 2054-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | DASNY-A-REF                             | CUSIP: 64985SCC5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107308.48    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO-HGR ED-C-PREREFD                   | CUSIP: 677523AJ1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69127.29     | 0.08%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                           | CUSIP: 13063ELG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $171259.82    | 0.19%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OH HSG FIN AGY-A-REV                    | CUSIP: 67756QT98<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    110000 | PA      | $107652.63    | 0.12%             | 2052-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                           | VIRGINIA HSG DEV-H                      | CUSIP: 92812WUT9<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |     60000 | PA      | $59528.48     | 0.07%             | 2028-06-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO-C-REF                           | CUSIP: 167486WZ8<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    295000 | PA      | $296823.16    | 0.34%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority for Baptist Health/The                                     | BAPTIST HLTH -REV -A                    | CUSIP: 42219UBZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $121245.37    | 0.14%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | CA ST UNIV-B1                           | CUSIP: 13077DGF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    265000 | PA      | $255964.88    | 0.29%             | 2047-11-01      | Variable      | 1.60%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC &                   | CUSIP: 7962535P3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153020.10    | 0.17%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Housing Development Agency                                             | TENNESSEE HSG DEV AGY                   | CUSIP: 880461ZL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $64950.15     | 0.07%             | 2030-07-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE SCH-B-REF                    | CUSIP: 59333MR98<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    265000 | PA      | $265000.00    | 0.30%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Newark Higher Education Finance Corp                                             | NEWARK HGR EDU FIN CO                   | CUSIP: 650348AE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $151234.76    | 0.17%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MA DEV FIN-MERRIMACK                    | CUSIP: 57583UL22<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100013.14    | 0.11%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                       | SAN ANTONIO TX INDEP                    | CUSIP: 796269B23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $90183.96     | 0.10%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gary Community School Building Corp                                              | GARY CMNTY SCH-B-REF                    | CUSIP: 366754CD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100046.16    | 0.11%             | 2029-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SP                   | CUSIP: 84131TAV4<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77560.23     | 0.09%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY                   | CUSIP: 59261ALQ8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    135000 | PA      | $138964.90    | 0.16%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FL ST DEV FIN CORP                      | CUSIP: 34061WAW4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151333.71    | 0.17%             | 2031-06-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NYC HSG DEV-A                           | CUSIP: 64972EM89<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |     90000 | PA      | $80870.25     | 0.09%             | 2032-11-01      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NY DORM AUTH-A                          | CUSIP: 64990GFY3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56092.04     | 0.06%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL F                   | CUSIP: 67756DXE1<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    160000 | PA      | $165147.57    | 0.19%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Douglas NE                                                             | DOUGLAS CO-REF                          | CUSIP: 259226DF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108619.75    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NYC HSG DEV CORP-E-RE                   | CUSIP: 64966TGW8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100920.48    | 0.11%             | 2031-12-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | S CA PUB PWR AUTH-C                     | CUSIP: 842477UA7<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70022.17     | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND ISD-B-REF                     | CUSIP: 346843WS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100408.10    | 0.11%             | 2055-08-01      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| County of Williamson TX                                                          | WILLIAMSON CO-REF                       | CUSIP: 969887U89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $235019.53    | 0.27%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                            | FRANKLIN HOSP FACS                      | CUSIP: 353187CM7<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150172.28    | 0.17%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST-A                           | CUSIP: 452153AF6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102661.26    | 0.12%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | LONG ISLAND PWR AUTH                    | CUSIP: 542691EX4<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |    215000 | PA      | $208675.02    | 0.24%             | 2051-09-01      | Variable      | 1.50%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA TOLL-VAR A                     | CUSIP: 072024ST0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49591.14     | 0.06%             | 2036-04-01      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Water & Sewer System Revenue                                  | GARLAND WTR/SWR-REF                     | CUSIP: 366168MC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129157.71    | 0.15%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Turnpike & Bridge Authority                                         | RI TURNPIKE & BRDG-A                    | CUSIP: 762322AP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101470.64    | 0.11%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTUR                   | CUSIP: 414009QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $70995.02     | 0.08%             | 2051-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL F                   | CUSIP: 677510CG2<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66517.43     | 0.08%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SD HLTH & EDUCTNL                       | CUSIP: 83755VD27<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66401.67     | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NJ TRN FD CAB-SER C                     | CUSIP: 646136ER8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |     55000 | PA      | $48258.66     | 0.05%             | 2028-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NYC MUNI WTR FIN-CC                     | CUSIP: 64972GM35<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107807.10    | 0.12%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Parish Finance Authority                                               | JEFFERSON PSH FIN AUT                   | CUSIP: 474553BL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55084.76     | 0.06%             | 2029-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                           | LA HSG CORP                             | CUSIP: 54627CCA9<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205830.36    | 0.23%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA CMWLTH                     | CUSIP: 70914P3R1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260626.93    | 0.29%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT O                   | CUSIP: 544532AV6<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    185000 | PA      | $191718.29    | 0.22%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| American Municipal Power Inc                                                     | AMERICAN MUNI PWR-A                     | CUSIP: 02765UKC7<br>LEI: EARKGGZJJEMVD66XQ486 | Long             | DBT              | MUN               | US        |    165000 | PA      | $166716.53    | 0.19%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DISTRICT OF COLUMBIA                    | CUSIP: 254768XD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $332493.40    | 0.38%             | 2028-09-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                        | SPRING BRANCH ISD                       | CUSIP: 849476TE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $149749.67    | 0.17%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG F                   | CUSIP: 70879QSE4<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    110000 | PA      | $113118.78    | 0.13%             | 2052-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                | NM MUNI ENERGY ACQ AU                   | CUSIP: 647207BL2<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57616.97     | 0.07%             | 2054-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina State Housing Finance & Development Authority                     | SC ST HSG FIN & DEV-B                   | CUSIP: 83712D3L8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53591.00     | 0.06%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Washington                                                         | UNIV OF WASHINGTON-C                    | CUSIP: 91523NXW1<br>LEI: T8YS5W0N70BYCTHPA429 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202276.38    | 0.23%             | 2048-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NC MED CARE MED CARE                    | CUSIP: 65821DYC9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    150000 | PA      | $146925.09    | 0.17%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Clackamas & Yamhill Counties School District No 88J                   | WA ETC SD #88J-B                        | CUSIP: 937440FW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52140.44     | 0.06%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO-REF-A-REV                       | CUSIP: 167727G91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $99800.07     | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL-E                   | CUSIP: 56035DJJ2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     95000 | PA      | $98593.49     | 0.11%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                               | OREGON ST HLTH & SCIE                   | CUSIP: 685869HJ1<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |    190000 | PA      | $203745.53    | 0.23%             | 2046-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IA FIN AUTH-E-REF                       | CUSIP: 462466FS7<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55444.15     | 0.06%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WA HLTH CARE-B-REF                      | CUSIP: 93978HUT0<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57653.21     | 0.07%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing Options Inc/TX                                                           | HSG OPTIONS INC                         | CUSIP: 44183TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100324.22    | 0.11%             | 2045-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NYC TRANSITIONAL-G-1                    | CUSIP: 64972JQM3<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107887.69    | 0.12%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT-SER-C                        | CUSIP: 09182TDP9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51260.73     | 0.06%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                              | PROSPER ISD                             | CUSIP: 743600Z68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $224571.51    | 0.25%             | 2053-02-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                            | CUSIP: 604146GC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $463329.86    | 0.52%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PR SALES TAX FING-A1                    | CUSIP: 74529JQC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $228545.68    | 0.26%             | 2027-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING-A                           | CUSIP: 20281PJN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75079.82     | 0.08%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | DASNY-A-REF                             | CUSIP: 64990CB42<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51730.55     | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Florida Department of Transportation Turnpike System Revenue            | FLORIDA ST DOT-A-REF                    | CUSIP: 343137GN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52978.87     | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT                                 | CUSIP: 2510933J7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72275.29     | 0.08%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NJ TURNPIKE AUTH-A1                     | CUSIP: 6461396P5<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204868.06    | 0.23%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bartow County Development Authority                                              | BARTOW DEV AUTH-REMK                    | CUSIP: 069643BN3<br>LEI: 5493006KLI0V8YELKW50 | Long             | DBT              | MUN               | US        |    130000 | PA      | $131644.76    | 0.15%             | 2032-12-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CO SCH BRD                   | CUSIP: 696550ZY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60212.88     | 0.07%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PA TPK COMMN-3-REF                      | CUSIP: 709224D48<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155181.99    | 0.18%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CA HSG FIN AGY-V                        | CUSIP: 13034DAC8<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254502.78    | 0.29%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS                           | CUSIP: 57582RJY3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152829.99    | 0.17%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | MICHIGAN ST HOSP FIN                    | CUSIP: 59465HUR5<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |     65000 | PA      | $67071.06     | 0.08%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Infirmary Health System Special Care Facilities Financing Authority of Mobile    | INFIRMARY HLTH AUTH-A                   | CUSIP: 45663NBR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $129434.50    | 0.15%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBOR                   | CUSIP: 018444BP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51132.99     | 0.06%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WA HLTH CARE FACS-REF                   | CUSIP: 93978HNZ4<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125280.20    | 0.14%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NYC TRANSITIONAL FIN                    | CUSIP: 64971XPY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $96429.83     | 0.11%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | MIAMI DADE CO HSG-REV                   | CUSIP: 593344BT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149969.99    | 0.17%             | 2027-01-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH                    | CUSIP: 45204EBQ0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    125000 | PA      | $125280.05    | 0.14%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                | NEW MEXICO ST MUNI                      | CUSIP: 647207BB4<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70000.00     | 0.08%             | 2039-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kendall Kane & Will Counties Community Unit School District No 308               | KENDALL SD 308-CABS                     | CUSIP: 488764TA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $93775.86     | 0.11%             | 2027-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northside Independent School District                                            | NORTHSIDE TX INDEP SC                   | CUSIP: 66702RH54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $84254.99     | 0.10%             | 2053-08-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| County of Santa Fe NM                                                            | SANTA FE CO HSG REV                     | CUSIP: 80189NAD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49612.11     | 0.06%             | 2049-12-10      | Variable      | 3.29%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NAT GAS-C                   | CUSIP: 56035DCQ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    170000 | PA      | $172831.64    | 0.20%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL                     | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    145000 | PA      | $144905.82    | 0.16%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver Health & Hospital Authority                                               | DENVER HLTH & HOSP                      | CUSIP: 24918EEF3<br>LEI: 549300WFV5S7GIR4OS67 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77620.85     | 0.09%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTYS-D                     | CUSIP: 13013JFD3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    180000 | PA      | $189262.44    | 0.21%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA                                | CUSIP: 842471AW4<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112510.77    | 0.13%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PA ECO DEV FIN AUTH-A                   | CUSIP: 70870JGZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104713.97    | 0.12%             | 2060-03-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PA HGR ED-AW-PREREF                     | CUSIP: 70917TKE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95125.68     | 0.11%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA CIVIC DEV                      | CUSIP: 682832KS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107873.03    | 0.12%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MA DEV FIN AGY                          | CUSIP: 57584YEY1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66867.19     | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NJ HSG & MTGE FIN-E-2                   | CUSIP: 6461085R7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49363.45     | 0.06%             | 2027-11-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH WTR/SWR                      | CUSIP: 725304XD6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98223.07     | 0.11%             | 2040-09-01      | Floating      | 3.83%                 | Yes           |                  2 | On Loan: No      |
| State of Texas                                                                   | TEXAS TRNSPRTN COMM-A                   | CUSIP: 8827234Q9<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101137.11    | 0.11%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No 500 Kansas City                      | WYANDOTTE CO SD#500-A                   | CUSIP: 982696QZ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258139.65    | 0.29%             | 2047-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX                   | CUSIP: 452227KD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69396.68     | 0.08%             | 2032-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LWR COLORADO RIVER                      | CUSIP: 54811BQQ7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |     90000 | PA      | $91088.62     | 0.10%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | S E ENERGY AUTH-C                       | CUSIP: 84136HCF8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    160000 | PA      | $167490.43    | 0.19%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST-A                           | CUSIP: 574193PM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205240.48    | 0.23%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | PRINCE GEORGE CO                        | CUSIP: 741702BB9<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108099.24    | 0.12%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS                   | CUSIP: 19648FRK2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    145000 | PA      | $152958.33    | 0.17%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                   | LOWER ALABAMA GAS DT                    | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |    175000 | PA      | $175075.27    | 0.20%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Beach Development Authority                                             | VA BEACH DEV AUTH-B3                    | CUSIP: 92774NBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100642.88    | 0.11%             | 2029-09-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                             | NRTHRN CA ENRGY                         | CUSIP: 664840AL9<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |    180000 | PA      | $188637.53    | 0.21%             | 2054-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES DEPT WTR                    | CUSIP: 544532EJ9<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106233.16    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dickson Health & Educational Facilities Board/TN                                 | DICKSON HLTH & EDUC                     | CUSIP: 253514AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $197594.24    | 0.22%             | 2028-04-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP                   | CUSIP: 70342PAN4<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |    105000 | PA      | $109846.11    | 0.12%             | 2054-10-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV                   | CUSIP: 682832EJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $209436.06    | 0.24%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER                    | CUSIP: 54811BWD9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110053.48    | 0.12%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON HLTH CARE                    | CUSIP: 93978HXX8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |    165000 | PA      | $176555.08    | 0.20%             | 2030-12-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| West Virginia Economic Development Authority                                     | WV ECON DEV-D                           | CUSIP: 95648MRB7<br>LEI: 549300WW88TKKF5H1220 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50072.66     | 0.06%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver Convention Center Hotel Authority                                         | DENVER HOTEL AUTH-REF                   | CUSIP: 249189DE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50133.77     | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Community High School District No 94 West Chicago                  | DU PAGE HSD #94                         | CUSIP: 263381DV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125736.26    | 0.14%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA Wastewater System Revenue                                 | LOS ANGELES WSTWTR-A                    | CUSIP: 53945CGL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77364.08     | 0.09%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063ELV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111224.61    | 0.13%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Tobacco Securitization Corp                                             | NTHRN TOBACCO -A -REF                   | CUSIP: 66585VBL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $204682.65    | 0.23%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMIDADE EXPWY-A-REF                   | CUSIP: 593338AS5<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152289.14    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                        | MATAGORDA NAV #1-RF-A                   | CUSIP: 576528CY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $201608.44    | 0.23%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| County of Scioto OH                                                              | SCIOTO CO HOSP FACS                     | CUSIP: 808878GR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $181601.98    | 0.21%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                               | MT FAC FIN AUTH-B-REF                   | CUSIP: 612043LA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156713.75    | 0.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Travis County Housing Finance Corp                                               | TRAVIS CNTY TX HSG FI                   | CUSIP: 89438UBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150514.29    | 0.17%             | 2045-06-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| Dickinson Independent School District                                            | DICKINSON ISD-REF-VAR                   | CUSIP: 253363UD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $154773.30    | 0.18%             | 2037-08-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KY PUB ENERGY AUTH-A                    | CUSIP: 74440DCZ5<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    520000 | PA      | $521409.15    | 0.59%             | 2050-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | DALLAS-VAR                              | CUSIP: 235380AB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $115049.93    | 0.13%             | 2053-08-15      | Variable      | 6.25%                 | Yes           |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OH AIR QUALITY-D-REF                    | CUSIP: 677525VZ7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |    100000 | PA      | $95613.69     | 0.11%             | 2029-08-01      | Variable      | 3.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Turnpike Authority                                                    | NJ TURNPIKE AUTH-E                      | CUSIP: 646140CA9<br>LEI: 5493005YN67D71KSMI84 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62495.54     | 0.07%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT HOTEL OCCUP                   | CUSIP: 40065KAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $130399.84    | 0.15%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PR                   | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $131187.59    | 0.15%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSO                   | CUSIP: 54659LBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $116834.15    | 0.13%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northglenn Urban Renewal Authority                                               | NORTHGLENN URBAN RNWL                   | CUSIP: 66644KAN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $237391.85    | 0.27%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH                    | CUSIP: 45204FFL4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    105000 | PA      | $114118.22    | 0.13%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH-C-PREREF                   | CUSIP: 74442PL52<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     20000 | PA      | $20788.15     | 0.02%             | 2041-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND HSG MTGE                   | CUSIP: 76221RV67<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |     35000 | PA      | $33997.96     | 0.04%             | 2051-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & S                   | CUSIP: 725304TU3<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    145000 | PA      | $148584.99    | 0.17%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Area Rapid Transit                                                        | DALLAS AREA RAPID-B                     | CUSIP: 235241SK3<br>LEI: 75YWM81F2R6UQGJIEW47 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153184.67    | 0.17%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah State University                                                            | UT BRD OF HGR EDU                       | CUSIP: 917563SY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $113927.17    | 0.13%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | VERMONT ST EDUCTNL &                    | CUSIP: 924166JK8<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99731.62     | 0.11%             | 2026-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ingleside TX                                                             | INGLESIDE-CTFS OBLIG                    | CUSIP: 457038PV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $128358.50    | 0.15%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NAT GAS-C                   | CUSIP: 56035DCR1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40008.56     | 0.05%             | 2050-03-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER-B-ARPT REV                       | CUSIP: 249182GF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $140001.08    | 0.16%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS                   | CUSIP: 19648FFP4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     65000 | PA      | $64904.42     | 0.07%             | 2033-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST-A                        | CUSIP: 20772KZX0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109689.65    | 0.12%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | S E ENERGY COOP DT                      | CUSIP: 292723AK9<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    150000 | PA      | $160700.57    | 0.18%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS-A-REF                     | CUSIP: 57582TCX8<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $111795.02    | 0.13%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Seattle WA Drainage & Wastewater Revenue                                 | SEATTLE DRAIN & WS                      | CUSIP: 812631NU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80528.84     | 0.09%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH-A-2-REF                    | CUSIP: 74447HAA6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    165000 | PA      | $163291.84    | 0.18%             | 2046-10-01      | Variable      | 3.70%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN-A                   | CUSIP: 64987JSF9<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    235000 | PA      | $228719.20    | 0.26%             | 2060-11-01      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | S E ENERGY AUTH-B                       | CUSIP: 84136HBT9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105493.23    | 0.12%             | 2055-03-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| School District of the City of Erie/The                                          | ERIE PA CITY SCH DIST                   | CUSIP: 295425TU6<br>LEI: 549300VQZWUO5J8WLO42 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52858.41     | 0.06%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SP                   | CUSIP: 84131TBA9<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156703.86    | 0.18%             | 2054-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Industrial Development Authority/PA                          | WESTMORELAND CNTY PA                    | CUSIP: 960875AH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $76531.96     | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA DEV FIN CORP                    | CUSIP: 34061QCW5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53362.74     | 0.06%             | 2056-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP -A                        | CUSIP: 880397CJ1<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    445000 | PA      | $462868.40    | 0.52%             | 2054-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT-SER-C                        | CUSIP: 09182TDU8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104482.29    | 0.12%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH-A-1-REF                    | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    110000 | PA      | $108630.37    | 0.12%             | 2046-10-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| Guam Education Financing Foundation                                              | GUAM ED SCH FACS-B                      | CUSIP: 40064UBA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $169042.73    | 0.19%             | 2026-10-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NJ HSG & MTGE FIN-B                     | CUSIP: 6461084N7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49556.17     | 0.06%             | 2029-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                                              | US 10YR NOTE (CBT)Jun25                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | N/A       |        -3 | NC      | $-3878.51     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH                    | CUSIP: 45204EEY0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     65000 | PA      | $66270.00     | 0.07%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brentwood School District/PA                                                     | BRENTWOOD BOROUGH SD                    | CUSIP: 10733RER0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $178350.26    | 0.20%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TX WTR DEV BRD-REV                      | CUSIP: 88285ABU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $55808.00     | 0.06%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | S E ENERGY AUTH-A-1                     | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159004.71    | 0.18%             | 2053-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NYC HSG DEV CORP-B-2                    | CUSIP: 64972KKJ3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100578.05    | 0.11%             | 2064-11-01      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH-REF                        | CUSIP: 74444VAP5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    150000 | PA      | $145772.28    | 0.16%             | 2029-09-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| California School Finance Authority                                              | CA SCH FIN AUTH-UNREF                   | CUSIP: 13058TLX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100068.16    | 0.11%             | 2031-08-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Decatur Housing Authority                                                        | DECATUR GA HSG AUTH                     | CUSIP: 24311PAF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99545.74     | 0.11%             | 2028-09-01      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NYC HSG DEV CORP-F-2B                   | CUSIP: 64972E3F4<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149462.73    | 0.17%             | 2062-11-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                              | S MIAMI FL HLTH FACS                    | CUSIP: 838810DW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51329.56     | 0.06%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Housing Finance Authority                                                | AL HSG FIN AUTH-A                       | CUSIP: 01030PGY6<br>LEI: 549300VFN7EHPOFS7D76 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56243.58     | 0.06%             | 2027-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH-REF                   | CUSIP: 45204EYY8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    155000 | PA      | $156152.84    | 0.18%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SLS TX SECURITIZATION                   | CUSIP: 79467BBB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258772.48    | 0.29%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KY PUB ENERGY AUTH-A1                   | CUSIP: 74440DCC6<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50017.58     | 0.06%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH &                   | CUSIP: 20775DUY6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    200000 | PA      | $199078.42    | 0.23%             | 2057-07-01      | Variable      | 2.80%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CO-A-REF                     | CUSIP: 59333FSK7<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153003.24    | 0.17%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA TOLL AUTH -A                   | CUSIP: 072024WY4<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |    200000 | PA      | $190223.12    | 0.22%             | 2056-04-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Kansas City School District/MO                                                   | KANSAS SD-COPS                          | CUSIP: 485096BA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107338.13    | 0.12%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SPRINGFIELD SD#186                      | CUSIP: 800766PF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $184615.18    | 0.21%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Industries Authority                                                    | OK INDUSTRIES AUTH                      | CUSIP: 67910FAG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $64864.06     | 0.07%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY                   | CUSIP: 59261AFB8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102111.68    | 0.12%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFF-B                     | CUSIP: 54659LDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $95119.86     | 0.11%             | 2047-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA HLTH FACS                    | CUSIP: 13032UG93<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    290000 | PA      | $298530.76    | 0.34%             | 2040-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TAW7<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    280000 | PA      | $275075.64    | 0.31%             | 2052-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 PUB HWY AUTH                      | CUSIP: 26822LDW1<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |    100000 | PA      | $82349.64     | 0.09%             | 2030-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | KANSAS CITY-C-REF                       | CUSIP: 485106M21<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107572.84    | 0.12%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Housing Finance Agency                                                      | OHIO HSG FIN AGY-C                      | CUSIP: 67756UBE7<br>LEI: 549300K10X7VPG6JVX38 | Long             | DBT              | MUN               | US        |    185000 | PA      | $201743.52    | 0.23%             | 2055-03-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Wilkes-Barre Finance Authority                                                   | WILKES BARRE FIN-A                      | CUSIP: 968254BL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150185.73    | 0.17%             | 2028-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX                                                                | AUSTIN-UNREFUNDED                       | CUSIP: 052397ZP4<br>LEI: IW10PQVTU7HKS3JMW253 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104397.51    | 0.12%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NJ ST TRANSN TR FD                      | CUSIP: 646136XG1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    125000 | PA      | $105464.10    | 0.12%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELS WTR & PWR-                   | CUSIP: 544525R67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106592.94    | 0.12%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA GAS SP- B                   | CUSIP: 84131TBT8<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |    225000 | PA      | $235254.26    | 0.27%             | 2049-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Madison KY                                                             | MADISON CO -B-REF                       | CUSIP: 557215EV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115526.83    | 0.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST-A                        | CUSIP: 20772KZV4<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106867.51    | 0.12%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue       | LOS ANGELES MET TRANS                   | CUSIP: 54466HDQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $91623.18     | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                           | OKLAHOMA ST CAPITOL I                   | CUSIP: 679088GC2<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |     80000 | PA      | $82792.12     | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NYC TRANSITIONAL FIN                    | CUSIP: 64971XRS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $92379.01     | 0.10%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX                   | CUSIP: 452227KB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $139646.18    | 0.16%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Insurance Assistance Interlocal Agency Inc                               | FL INSURANCE ASSIST                     | CUSIP: 34074EAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125493.54    | 0.14%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                           | UNIV OF ILLINOIS-A                      | CUSIP: 914353T72<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103859.43    | 0.12%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | IL ST-REV-A                             | CUSIP: 452227VB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160755.74    | 0.18%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Akron/The                                                          | UNIV OF AKRON-A-REF                     | CUSIP: 914023KH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $210196.60    | 0.24%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                               | AUSTIN ISD                              | CUSIP: 052430SK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106193.55    | 0.12%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                                       | OK UNIV-A-REF                           | CUSIP: 91476PZB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $125165.84    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | IL SALES TAX-B                          | CUSIP: 452227PD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $52116.36     | 0.06%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO WTRWKS-AGM                      | CUSIP: 167736S65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $207295.02    | 0.23%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hutto Independent School District                                                | HUTTO SD VAR                            | CUSIP: 448492S90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99582.87     | 0.11%             | 2055-02-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Alaska Municipal Bond Bank Authority                                             | AK MUNI BOND BK-ONE                     | CUSIP: 01179R5L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106273.78    | 0.12%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | IN MUNI PWR AGY-REF-A                   | CUSIP: 454898VJ3<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51939.90     | 0.06%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NJ HLTH CARE FACS FIN                   | CUSIP: 64580ABN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102555.85    | 0.12%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Housing Development Fund                                           | WV HSG DEV FUND                         | CUSIP: 956629AH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102915.18    | 0.12%             | 2027-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT                   | CUSIP: 71883PKQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $152185.04    | 0.17%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IA ST FIN AUTH                          | CUSIP: 46247SDJ0<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     65000 | PA      | $70229.01     | 0.08%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Health & Higher Educational Facilities Authority                           | ME HLTH & HGR ED-UNRE                   | CUSIP: 56042SAW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204996.38    | 0.23%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CA STWD CMNTYS DEV AU                   | CUSIP: 13077ERL6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    160000 | PA      | $164958.91    | 0.19%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO-A-REF                           | CUSIP: 167486G29<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102744.69    | 0.12%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Scioto OH                                                              | SCIOTO CO HOSP FACS                     | CUSIP: 808878GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50421.78     | 0.06%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL FIN AUTH-A-REF                       | CUSIP: 45204EZU5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    160000 | PA      | $150027.18    | 0.17%             | 2032-07-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public Building Authority                                               | VA PUB BLDG AUTH -A                     | CUSIP: 9281725F8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $67848.69     | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK                                | CUSIP: 64966Q2F6<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158823.17    | 0.18%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Shelby TN                                                              | SHELBY CNTY-REF                         | CUSIP: 821686Q96<br>LEI: 5493000UVZ1EF2SIPO10 | Long             | DBT              | MUN               | US        |    140000 | PA      | $145130.64    | 0.16%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313596.75    | 0.35%             | 2053-02-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Plainview Independent School District                                            | PLAINVIEW ISD-SER B                     | CUSIP: 726736GY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75275.76     | 0.09%             | 2050-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN ST NAT GAS INC-D                   | CUSIP: 56035DFR8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156152.63    | 0.18%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE-B5                            | CUSIP: 602366YN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $85438.39     | 0.10%             | 2031-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency No 1                                       | NC MUNI PWR-C-UNREF                     | CUSIP: 6582036B5<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |     60000 | PA      | $60496.06     | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Economic Development Authority                                          | SAVANNAH ECON AUTH-A                    | CUSIP: 80483CRH6<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34085.51     | 0.04%             | 2033-11-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Orlando Utilities Commission                                                     | ORLANDO UTIL COMM-B                     | CUSIP: 686507JQ8<br>LEI: 549300EJR7JVMRXL5D66 | Long             | DBT              | MUN               | US        |    100000 | PA      | $89489.50     | 0.10%             | 2046-10-01      | Variable      | 1.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | DASNY-SER-2-B                           | CUSIP: 64985SBY8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $108572.99    | 0.12%             | 2049-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Beach Bond Finance Authority                                                | LONG BEACH FIN AUTH-C                   | CUSIP: 542409CT2<br>LEI: 549300BKBZ5U7OZH3S21 | Long             | DBT              | MUN               | US        |    300000 | PA      | $326413.26    | 0.37%             | 2031-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Delaware State Health Facilities Authority                                       | DELAWARE ST HLTH FACS                   | CUSIP: 246388UA8<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |    250000 | PA      | $264067.28    | 0.30%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Minnesota                                                               | MINNESOTA ST                            | CUSIP: 604146GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77689.52     | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NYC TRANS FIN AUTH-B1                   | CUSIP: 64971WXH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150608.28    | 0.17%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                             | DIST OF COLUMBIA-REF                    | CUSIP: 25484JCX6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    265000 | PA      | $270438.81    | 0.31%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CO-B-REF                     | CUSIP: 61361TAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199620.96    | 0.23%             | 2029-06-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST-R-2022                    | CUSIP: 93974EVW3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    225000 | PA      | $230174.82    | 0.26%             | 2027-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AV                   | CUSIP: 59333PT65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50574.80     | 0.06%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH                    | CUSIP: 45204FQT5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201783.12    | 0.23%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH R                   | CUSIP: 45506DA54<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112088.48    | 0.13%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GO                   | CUSIP: 546275AJ7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102261.15    | 0.12%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH &                   | CUSIP: 20775DCK6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |     75000 | PA      | $77492.27     | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Warner Robins Housing Authority Resident Council Corp                            | WARNER ROBINS HSG                       | CUSIP: 934604AM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51997.42     | 0.06%             | 2029-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NY ST HSG FIN AGY-D2                    | CUSIP: 64987JK67<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80314.18     | 0.09%             | 2062-11-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL-D                   | CUSIP: 56035DHZ8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    225000 | PA      | $236296.55    | 0.27%             | 2054-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG                   | CUSIP: 160853VE4<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |    200000 | PA      | $211295.74    | 0.24%             | 2050-01-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Colorado                                                           | UNIV OF COLORADO CO E                   | CUSIP: 91417NCZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     45000 | PA      | $44592.47     | 0.05%             | 2051-06-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| SA Energy Acquisition Public Facility Corp                                       | SA ENERGY ACQ PUB FAC                   | CUSIP: 785138AT5<br>LEI: 5493006HRL5XH4QOE746 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100340.66    | 0.11%             | 2025-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49909.46     | 0.06%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY                   | CUSIP: 59261AML8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    125000 | PA      | $128381.64    | 0.15%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | DASNY-A-REF                             | CUSIP: 64990KFZ1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105228.99    | 0.12%             | 2028-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                    | VOLUSIA CO EDU FACS                     | CUSIP: 928836LQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100117.03    | 0.11%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PA HGR EDU-REF                          | CUSIP: 70917SXN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100813.07    | 0.11%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lycoming County Authority                                                        | LYCOMING CO AUTH                        | CUSIP: 550809BA4<br>LEI: 549300TCAO8EBJY0O782 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150729.75    | 0.17%             | 2043-11-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| City of Vernon CA Electric System Revenue                                        | VERNON-A - REV                          | CUSIP: 924397EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104081.80    | 0.12%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Akron/The                                                          | UNIV OF AKRON-A-REF                     | CUSIP: 914023MX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106602.71    | 0.12%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                              | WARREN CNTY MS GULF O                   | CUSIP: 935031AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $84667.95     | 0.10%             | 2034-05-01      | Variable      | 1.38%                 | No            |                  2 | On Loan: No      |
| City of Georgetown TX Utility System Revenue                                     | GEORGETOWN-REV                          | CUSIP: 373064N75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $301099.45    | 0.34%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Higher Education Facilities Authority                                 | WA HSG EDU FACS-REF                     | CUSIP: 939781X88<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $129577.80    | 0.15%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV                   | CUSIP: 682832EH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102109.07    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                         | CHESTER CNTY PA HLTH                    | CUSIP: 165579FV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $99632.87     | 0.11%             | 2029-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Housing Revenue               | WI HSG & ECON DEV-B                     | CUSIP: 9769043D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     35000 | PA      | $35005.05     | 0.04%             | 2053-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOI                   | CUSIP: 13013JBL9<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    110000 | PA      | $114298.36    | 0.13%             | 2053-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | RESTRUCTURED-SER A1                     | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    150000 | PA      | $155914.89    | 0.18%             | 2029-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                              | CUSIP: 167486ZU6<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51026.72     | 0.06%             | 2030-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO BOE CAB-SCH-A                   | CUSIP: 167501XG5<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $150027.16    | 0.17%             | 2031-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| San Francisco Unified School District                                            | SAN FRANCISCO USD-A                     | CUSIP: 79771TQY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108961.54    | 0.12%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery OH                                                          | MONTGOMERY CNTY OH HO                   | CUSIP: 613520LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51545.21     | 0.06%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KY PUB ENERGY AUTH-A                    | CUSIP: 74440DFD1<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150850.38    | 0.17%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO WSTWTR-RF-CAB                   | CUSIP: 167727HU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $141004.44    | 0.16%             | 2027-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON UTL SYS-D-REF                   | CUSIP: 4424355U3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $185033.80    | 0.21%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182NBL3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150804.36    | 0.17%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Monroe County/The                                       | MONROE DEV AUTH-A                       | CUSIP: 610530FE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74367.89     | 0.08%             | 2039-01-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                           | CUSIP: 13063ELF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $210728.10    | 0.24%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO-REV-A-REF                       | CUSIP: 167736X77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $118110.04    | 0.13%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULT EDU-A                     | CUSIP: 64542RFC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $82438.93     | 0.09%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jackson TN                                                               | JACKSON HOSP-UNREFD                     | CUSIP: 46874TJH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $169862.83    | 0.19%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | RESTRUCTURED-SER A1                     | CUSIP: 74514L3J4<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    150000 | PA      | $159027.77    | 0.18%             | 2031-07-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO BRD OF EDU-A                    | CUSIP: 167505WK8<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    200000 | PA      | $197668.76    | 0.22%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOI                   | CUSIP: 13013JAP1<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    305000 | PA      | $301538.59    | 0.34%             | 2052-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Monroe County Industrial Development Corp/NY                                     | MONROE CNTY NY INDL D                   | CUSIP: 61075TVZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $102220.99    | 0.12%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CA STWD CMNTYS DEV-A                    | CUSIP: 13080SYC2<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    110000 | PA      | $112151.85    | 0.13%             | 2037-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL ST FIN AUTH-REF-A                    | CUSIP: 45204EPL6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $151201.74    | 0.17%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vermont Educational & Health Buildings Financing Agency                          | VT EDU HLTH BLDG FIN                    | CUSIP: 924166HH7<br>LEI: 549300ZC1ZW1EUIIV708 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126463.45    | 0.14%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CA INFRA ECON DEV-B-2                   | CUSIP: 13034AV49<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    175000 | PA      | $172941.76    | 0.20%             | 2047-10-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                        | MI HOSP FIN-UNREFD                      | CUSIP: 59465HWJ1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |     75000 | PA      | $74970.53     | 0.08%             | 2032-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH -CLASS A                   | CUSIP: 74447NAC9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    245000 | PA      | $244297.22    | 0.28%             | 2059-08-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DC HSG FIN AGY-B                        | CUSIP: 25477TBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104101.55    | 0.12%             | 2029-03-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KY PUB ENERGY AUTH-A                    | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104982.37    | 0.12%             | 2055-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH-A                    | CUSIP: 59261A4P9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109696.48    | 0.12%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE -B3                           | CUSIP: 602366UX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $55854.50     | 0.06%             | 2031-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX -A -REF                      | CUSIP: 4423315B6<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106444.36    | 0.12%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NJ ECON DEV AUTH                        | CUSIP: 64577B7D0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    225000 | PA      | $238382.42    | 0.27%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | ALABAMA FEDERAL AID H                   | CUSIP: 010268BR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104236.77    | 0.12%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Home Corp                                                            | MISSISSIPPI HOME-1                      | CUSIP: 60535NDG9<br>LEI: 549300FFY35B829JR607 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154410.18    | 0.17%             | 2028-11-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | NASHVILLE ETC CO MET                    | CUSIP: 592029BU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73095.41     | 0.08%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE-N4&B5                         | CUSIP: 602366WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $121764.12    | 0.14%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST                           | CUSIP: 13063D4J4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123317.52    | 0.14%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL                   | CUSIP: 56682HBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66391.44     | 0.08%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK-A-REF                          | CUSIP: 64966SFS0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    200000 | PA      | $214709.10    | 0.24%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063EGZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156521.93    | 0.18%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST -A -HOSP REV                    | CUSIP: 67756CDR6<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |     80000 | PA      | $82107.17     | 0.09%             | 2027-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT-A                    | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51431.41     | 0.06%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST                       | CUSIP: 658268EC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $53105.52     | 0.06%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                           | COLORADO ST BOG-A-2                     | CUSIP: 196707V75<br>LEI: 549300MAE3RAIIEIQV71 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57419.75     | 0.06%             | 2053-03-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AV                   | CUSIP: 59333PT40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50646.42     | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TX WTR DEV BRD-ST                       | CUSIP: 882854D41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129747.21    | 0.15%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Water Development Board                                                    | TEXAS ST WTR DEV BRD                    | CUSIP: 882854YM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105434.21    | 0.12%             | 2031-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC &                   | CUSIP: 79625GBX0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    165000 | PA      | $162786.24    | 0.18%             | 2049-02-01      | Variable      | 1.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PA TPK COMM-A-REF-SUB                   | CUSIP: 709224RF8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102282.85    | 0.12%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                             | CUSIP: 452152M65<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    120000 | PA      | $118792.80    | 0.13%             | 2031-11-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL ST FIN AUTH-C-REF                    | CUSIP: 45204FG90<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $107552.10    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Education                                                       | CHICAGO BOE CAB-SCH-A                   | CUSIP: 167501XE0<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |     90000 | PA      | $74025.62     | 0.08%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                     | MI ST HSG DEV AUTH                      | CUSIP: 594650UC5<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201472.08    | 0.23%             | 2042-12-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER PROJ-A-REF                   | CUSIP: 79574CBW2<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205265.34    | 0.23%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN ST NAT GAS INC                     | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    225000 | PA      | $232764.12    | 0.26%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NJ ECON DEV AUTH-A                      | CUSIP: 64577BHL1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     40000 | PA      | $37653.42     | 0.04%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota State Building Authority                                            | SD ST BLDG AUTH-C-REF                   | CUSIP: 83755LR24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127659.89    | 0.14%             | 2028-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Curators of the University of Missouri/The                                       | CURATORS OF THE UNIV                    | CUSIP: 231266MS3<br>LEI: G0G4PRB87K0V5MXIV248 | Long             | DBT              | MUN               | US        |    150000 | PA      | $157272.53    | 0.18%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CO CULTURAL-C                    | CUSIP: 414009RU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65007.26     | 0.07%             | 2049-07-01      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| Tustin Community Facilities District                                             | TUSTIN CMNTY FACS-A                     | CUSIP: 901047EX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100492.67    | 0.11%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Independent School District                                               | DALLAS ISD-B-REF                        | CUSIP: 235308R54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108292.03    | 0.12%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQ                   | CUSIP: 88256HBC1<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51311.77     | 0.06%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH-REF                        | CUSIP: 74442PL86<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     99955 | PA      | $97216.37     | 0.11%             | 2036-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CO SCH BRD-B                    | CUSIP: 115065YJ7<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80187.83     | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST -A                          | CUSIP: 452152X22<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    180000 | PA      | $186671.95    | 0.21%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY EDA-A-REF                    | CUSIP: 64578JBB1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    185000 | PA      | $175561.93    | 0.20%             | 2030-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES CA DEPT O                   | CUSIP: 544532AA2<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50772.85     | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-CABS                        | CUSIP: 413890BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $35695.49     | 0.04%             | 2032-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                     | NORTHAMPTON CNTY PA G                   | CUSIP: 66353RBY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $97749.21     | 0.11%             | 2033-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX Hotel Occupancy Tax Revenue                                    | DALLAS -REV -REF                        | CUSIP: 235286AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49437.42     | 0.06%             | 2033-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TN ENERGY ACQUISITION                   | CUSIP: 880443JE7<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100035.81    | 0.11%             | 2049-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON HGR EDU                       | CUSIP: 041807LW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     25000 | PA      | $27049.57     | 0.03%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS-A-REF                     | CUSIP: 57582TCV2<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109210.26    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                             | CUSIP: 452152P21<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154584.62    | 0.17%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Strategic Housing Finance Corp of Travis County                                  | TRAVIS CO STRATEGIC                     | CUSIP: 86272DAQ4<br>LEI: 5493003J2Q532N65DZ74 | Long             | DBT              | MUN               | US        |    125000 | PA      | $124372.88    | 0.14%             | 2046-03-01      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK CITY-1                         | CUSIP: 64966MRU5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |    145000 | PA      | $150536.59    | 0.17%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS FIN AUTH-B-1                   | CUSIP: 45204FM77<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105265.71    | 0.12%             | 2043-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SC PUB SVC AUTH-A-REF                   | CUSIP: 837151PK9<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85511.34     | 0.10%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT-A-REF                    | CUSIP: 68607V6D2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $110106.75    | 0.12%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX Toll Road Revenue                                            | HARRIS CO-A-REV-REF                     | CUSIP: 41423PCW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $119407.40    | 0.14%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | DASNY-SER-2-A                           | CUSIP: 64985SBZ5<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132405.96    | 0.15%             | 2048-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Truckee Meadows Water Authority                                                  | TRUCKEE MEADOWS AUTH                    | CUSIP: 897825GP4<br>LEI: 549300GC367BYY1WT202 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152353.98    | 0.17%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CA HLTH FACS-A-REF                      | CUSIP: 13032UMX3<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    195000 | PA      | $197074.66    | 0.22%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY                    | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129256.09    | 0.15%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Muskingum OH                                                           | MUSKINGUM  CO HOSP                      | CUSIP: 628077CJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50187.02     | 0.06%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CA CMNTY CHOICE-B                       | CUSIP: 13013JEA0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    155000 | PA      | $159854.66    | 0.18%             | 2055-01-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CA REF                                  | CUSIP: 13062TH72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $83852.03     | 0.09%             | 2032-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    135000 | PA      | $140726.39    | 0.16%             | 2053-11-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KY PUB ENERGY-A                         | CUSIP: 74440DEL4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |    135000 | PA      | $140199.78    | 0.16%             | 2055-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO-C-REF-CABS                      | CUSIP: 167486DR7<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $75403.32     | 0.09%             | 2032-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland Community Development Administration                                    | MD CMNTY DEV-D-2                        | CUSIP: 20364NCK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49640.03     | 0.06%             | 2029-01-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GU GOVT WTRWKS AUTH-A                   | CUSIP: 40065FDQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56877.15     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Public School Authority                                                 | VA PUB SCH AUTH-C                       | CUSIP: 92818HUY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $73036.73     | 0.08%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                 | OH WTR DEV AUTH                         | CUSIP: 67765QGT7<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    115000 | PA      | $123915.50    | 0.14%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                                 | HILLSBOROUGH CO-B-REF                   | CUSIP: 43232VUC3<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154700.19    | 0.17%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alexandria Redevelopment & Housing Authority                                     | ALEXANDRIA REDEV HSG                    | CUSIP: 015330FB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $149683.53    | 0.17%             | 2054-12-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Jersey City Municipal Utilities Authority                                        | JERSEY MUNI-A-NTS                       | CUSIP: 476624DQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101567.72    | 0.11%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | IL HSG DEV AUTH                         | CUSIP: 45203LDY6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80028.13     | 0.09%             | 2026-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL-B                   | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     70000 | PA      | $72351.01     | 0.08%             | 2052-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kilgore Independent School District                                              | KILGORE ISD-REF                         | CUSIP: 494053KQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129347.04    | 0.15%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                               | OREGON ST HLTH & SCIE                   | CUSIP: 685869HH5<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |    225000 | PA      | $236771.48    | 0.27%             | 2046-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Arkansas Development Finance Authority                                           | AR DEV FIN AUTH-VAR                     | CUSIP: 041080JT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150484.73    | 0.17%             | 2027-12-01      | Variable      | 3.55%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                         | WASHINGTON TWP HLTH                     | CUSIP: 940204GJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211629.04    | 0.24%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Tallahassee FL                                                           | TALLAHASSEE HLTH-A                      | CUSIP: 874485DD4<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |    110000 | PA      | $110691.86    | 0.13%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clarke County Hospital Authority                                                 | CLARKE CNTY GA HOSP A                   | CUSIP: 181685JE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65768.12     | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENT                   | CUSIP: 93976ABV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $144373.70    | 0.16%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER CAB-A-MCCORM                   | CUSIP: 592247J76<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |    135000 | PA      | $102135.01    | 0.12%             | 2031-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CA CMNTY CHOICE-SER G                   | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262719.55    | 0.30%             | 2054-11-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Loan Council                                                   | FL MUNI LOAN COUNL-D                    | CUSIP: 34282CVZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $216438.24    | 0.24%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CA ST MUNI FIN-A-REF                    | CUSIP: 13048VKQ0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100311.29    | 0.11%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IA FIN AUTH-E-REF                       | CUSIP: 462466FR9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    160000 | PA      | $161443.49    | 0.18%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Housing Finance Corp                                              | TARRANT CO HSG FIN CO                   | CUSIP: 876394UP0<br>LEI: 54930055IA4O4ZTEN156 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100134.84    | 0.11%             | 2043-02-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CA CMNTY CHOICE FING                    | CUSIP: 13013JBJ4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    350000 | PA      | $349270.01    | 0.40%             | 2053-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Health Care Authority of the City of Huntsville/The                              | HUNTSVILLE HLTH-VAR-A                   | CUSIP: 44706HDX2<br>LEI: 254900QP8DQFH746YJ31 | Long             | DBT              | MUN               | US        |    205000 | PA      | $218819.28    | 0.25%             | 2053-06-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MO HLTH & EDU FACS-B                    | CUSIP: 60637ATQ5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |     40000 | PA      | $40066.54     | 0.05%             | 2051-05-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182NCB4<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     65000 | PA      | $64962.90     | 0.07%             | 2052-07-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MN HSG FIN AGY-B-REF                    | CUSIP: 60416SUC2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    110000 | PA      | $109900.63    | 0.12%             | 2047-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH                    | CUSIP: 45204FTC9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    170000 | PA      | $170083.62    | 0.19%             | 2052-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California County Tobacco Securitization Agency                                  | CALIFORNIA CO TOBACCO                   | CUSIP: 13016NEQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $167044.74    | 0.19%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LA LOCAL GOVT-REF                       | CUSIP: 546282WJ9<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100003.75    | 0.11%             | 2026-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Atlanta Urban Residential Finance Authority                                      | ATLANTA URBAN RSDL FI                   | CUSIP: 04785VBW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99755.16     | 0.11%             | 2029-02-01      | Variable      | 3.45%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power                                          | LOS ANGELES DEPT WTR                    | CUSIP: 5444954L5<br>LEI: 549300S8NXV6YU61GG95 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51231.73     | 0.06%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Union High School District No 210-Phoenix                        | PHOENIX UN HIGH SD-B                    | CUSIP: 567505SN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107525.34    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUB FIN AUTH -A                         | CUSIP: 74439YEL1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51503.06     | 0.06%             | 2029-07-01      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA                                | CUSIP: 842471AU8<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |     30000 | PA      | $30498.83     | 0.03%             | 2026-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Building Aid Revenue                | NYC TRANS FIN AUTH-S1                   | CUSIP: 64972HZS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77360.32     | 0.09%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL FIN AUTH-REF                         | CUSIP: 452022AX4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154165.19    | 0.17%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON-D-REV-REF                    | CUSIP: 311450GC8<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |     50000 | PA      | $49818.87     | 0.06%             | 2040-06-01      | Variable      | 3.90%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH BRIDGE-CAB                   | CUSIP: 89602NF90<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |    185000 | PA      | $143961.04    | 0.16%             | 2031-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | RESTRUCTURED-SER A1                     | CUSIP: 74514L3G0<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101960.43    | 0.12%             | 2027-07-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CA CMNTY CHOICE FING                    | CUSIP: 13013JDR4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52538.22     | 0.06%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NJ HLTH CARE-A-REF                      | CUSIP: 645790AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $218336.91    | 0.25%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                              | WARREN CNTY                             | CUSIP: 935018JP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $184524.55    | 0.21%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CA                   | CUSIP: 645790LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $123423.17    | 0.14%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT-A                           | CUSIP: 20772JA77<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150567.48    | 0.17%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-CABS                        | CUSIP: 413890BR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $31159.69     | 0.04%             | 2034-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NJ TRN FD CAB-SER C                     | CUSIP: 646136EP2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    150000 | PA      | $141711.45    | 0.16%             | 2026-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Housing Corp                                                           | LA HSG CORP                             | CUSIP: 54627CCB7<br>LEI: 549300VL35TBE7RSJH61 | Long             | DBT              | MUN               | US        |    250000 | PA      | $257287.95    | 0.29%             | 2028-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Illinois Municipal Power Agency                                         | NTHRN IL MUNI PWR AGY                   | CUSIP: 665250CN4<br>LEI: VWCV6ROJUT9NS55JU583 | Long             | DBT              | MUN               | US        |    170000 | PA      | $173403.43    | 0.20%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Strategic Housing Finance Corp of Travis County                                  | TRAVIS CO STRAT HSG                     | CUSIP: 86272DAM3<br>LEI: 5493003J2Q532N65DZ74 | Long             | DBT              | MUN               | US        |    115000 | PA      | $114921.46    | 0.13%             | 2041-09-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO BOONE ETC CNTYS IL C                                                   | WINNEBAGO CLG 511-A                     | CUSIP: 974433JH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $147368.55    | 0.17%             | 2035-01-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia Water & Sewer Authority                                     | COLUMBIA DT WTR & SWR                   | CUSIP: 254845TJ9<br>LEI: 549300OT2FIJQJ5PSH71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $98760.46     | 0.11%             | 2057-10-01      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Virginia College Building Authority                                              | VIRGINIA CLG BLDG AUT                   | CUSIP: 92778FKK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72242.13     | 0.08%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY                   | CUSIP: 59261AMM6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51360.07     | 0.06%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | AZ INDL DEV AUTH-A                      | CUSIP: 04052JDF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109590.22    | 0.12%             | 2055-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                 | HOUSTON PORT AUTH -A                    | CUSIP: 7342606H0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $153010.54    | 0.17%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO -REV                        | CUSIP: 79625GHJ5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |    280000 | PA      | $279630.76    | 0.32%             | 2053-02-01      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA-1ST-REF                    | CUSIP: 70914PK35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $56721.54     | 0.06%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Oklahoma/The                                                       | UNIV OK-C-GEN                           | CUSIP: 91476PNX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $60102.29     | 0.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL                                                              | LAKELAND HOSP SYS-REF                   | CUSIP: 511665KF7<br>LEI: XRPK4ZALF4437WO3JQ94 | Long             | DBT              | MUN               | US        |    140000 | PA      | $127218.57    | 0.14%             | 2032-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                 | NEW MEXICO ST-A                         | CUSIP: 6473104A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $98961.97     | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Decatur Housing Authority                                                        | DECATUR HSG AUTH                        | CUSIP: 24311PAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100380.79    | 0.11%             | 2028-08-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Troy Hospital Health Care Authority                                              | TROY HOSP HLTH AUTH                     | CUSIP: 89731PAR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $45982.69     | 0.05%             | 2032-03-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TN ENERGY ACQ CORP-A-                   | CUSIP: 880443JF4<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |     40000 | PA      | $41027.76     | 0.05%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS                   | CUSIP: 19648FJH8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |     70000 | PA      | $70100.77     | 0.08%             | 2049-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DAD SCH-A                         | CUSIP: 59333MG25<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50027.47     | 0.06%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Housing Finance Agency                                            | NC HSG FIN AGY                          | CUSIP: 65821BAM7<br>LEI: EC4EE0PS5OP5O69B5C39 | Long             | DBT              | MUN               | US        |    150000 | PA      | $156494.36    | 0.18%             | 2029-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH                   | CUSIP: 64990GLT7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     60000 | PA      | $53654.05     | 0.06%             | 2031-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL ST FIN AUTH                          | CUSIP: 45204ELV8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55625.18     | 0.06%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Department of Housing & Community Affairs                                  | TX DEPT OF HSG -A                       | CUSIP: 882750XE7<br>LEI: 549300J3RRLLZZN4WP77 | Long             | DBT              | MUN               | US        |    180000 | PA      | $194803.18    | 0.22%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| District of Columbia Housing Finance Agency                                      | DC HSG FIN AGY                          | CUSIP: 25477TAX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129906.50    | 0.15%             | 2028-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Irving TX                                                                | IRVING-CTFS OBLIG                       | CUSIP: 463777E40<br>LEI: 5493002R7BX8XPQ92O37 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100022.55    | 0.11%             | 2032-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | RESTRUCTURED-SER A1                     | CUSIP: 74514L3F2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     15000 | PA      | $15024.78     | 0.02%             | 2025-07-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| General Authority of Southcentral Pennsylvania                                   | SOUTHCENTRL PA GEN AU                   | CUSIP: 84129NKG3<br>LEI: 549300QBNU5LBV4QX812 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100531.26    | 0.11%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH                    | CUSIP: 59447TWZ2<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75067.85     | 0.08%             | 2049-11-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | ST JOHN BAPTIST -B2                     | CUSIP: 79020FBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $206462.13    | 0.23%             | 2037-06-01      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO-A                               | CUSIP: 167486D55<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $103593.47    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NYC HSG DEV CORP-K-2                    | CUSIP: 64972EK32<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |     50000 | PA      | $48907.70     | 0.06%             | 2060-11-01      | Variable      | 0.90%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue  | MET GOVT NASHVILLE &                    | CUSIP: 592098S32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $305421.79    | 0.35%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                  | LA GAS TAX-A-REF                        | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     85000 | PA      | $84712.62     | 0.10%             | 2043-05-01      | Floating      | 3.53%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY                    | CUSIP: 154871CA3<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |     55000 | PA      | $55160.02     | 0.06%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MA DEV FIN AGY-I                        | CUSIP: 57584XMN8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |     95000 | PA      | $88252.42     | 0.10%             | 2032-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MN HSG FIN AGY-C                        | CUSIP: 60416URD9<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100185.44    | 0.11%             | 2027-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                 | KATY ISD-REMK-C                         | CUSIP: 486063V49<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |     75000 | PA      | $75633.72     | 0.09%             | 2050-08-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY                   | CUSIP: 59261AEZ6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204420.58    | 0.23%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern California Public Power Authority                                       | STHRN CA PUB PWR-A                      | CUSIP: 84247PND9<br>LEI: 5493003B5TD5FWUKMD34 | Long             | DBT              | MUN               | US        |    200000 | PA      | $207977.82    | 0.24%             | 2055-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Housing Finance Authority                                             | LEE CO HSG FIN AUTH                     | CUSIP: 52349HBG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100386.98    | 0.11%             | 2044-11-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Yavapai/The                    | YAVAPAI CNTY AZ INDL                    | CUSIP: 985900DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101500.45    | 0.11%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV                   | CUSIP: 682832FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77823.29     | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY                       | CUSIP: 14054DAD9<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100352.98    | 0.11%             | 2026-12-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| University of Toledo                                                             | UNIV OF TOLEDO-B                        | CUSIP: 915138PR6<br>LEI: 549300530V11GF5PZA78 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97785.83     | 0.11%             | 2036-06-01      | Floating      | 3.91%                 | Yes           |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MA REF-SER C                            | CUSIP: 57582PBU3<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56867.32     | 0.06%             | 2026-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PR SALES TAX FING-A1                    | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $115505.28    | 0.13%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 82                                   | HARRIS CO MUD #82                       | CUSIP: 414915PD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $41649.38     | 0.05%             | 2031-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Lake Elsinore Public Financing Authority                                         | LK ELSINORE FING-REF                    | CUSIP: 509632MV4<br>LEI: 549300C5MCDOVNPOX172 | Long             | DBT              | MUN               | US        |     50000 | PA      | $50177.40     | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN-A                   | CUSIP: 64987JY62<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96954.72     | 0.11%             | 2042-05-01      | Variable      | 3.57%                 | No            |                  2 | On Loan: No      |
| Alabama State University                                                         | ALABAMA ST UNIV -REF                    | CUSIP: 010632PK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $72298.95     | 0.08%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PA ECON DEV FIN AUTH                    | CUSIP: 70870JBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157696.65    | 0.18%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NYC TFA FUTURE TAX                      | CUSIP: 64971XF29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $140983.11    | 0.16%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO O'HARE ARPT-A                   | CUSIP: 167593YZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71697.51     | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                                  | MN HGR EDU FACS-B-1                     | CUSIP: 60416JJB7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51289.93     | 0.06%             | 2053-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St John the Baptist LA                                                 | ST JOHN BAPTIST PSH-C                   | CUSIP: 79020FBB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $49164.62     | 0.06%             | 2037-06-01      | Variable      | 3.30%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | DASNY-REV                               | CUSIP: 65000BR83<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $106881.33    | 0.12%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Facilities Authority                                                | OREGON FACS AUTH HLTH                   | CUSIP: 68608JSB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $74998.34     | 0.08%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    185000 | PA      | $181464.91    | 0.21%             | 2051-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL ST FIN AUTH-B                        | CUSIP: 45204ENR5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153181.34    | 0.17%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL FIN AUTH-C-REF                       | CUSIP: 45204EWU8<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    255000 | PA      | $260241.04    | 0.29%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY D-1                   | CUSIP: 09182TCR6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62750.08     | 0.07%             | 2049-06-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063ELU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $220041.08    | 0.25%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT-A                    | CUSIP: 888808HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $180211.68    | 0.20%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp I                                | TX GAS ACQ SER A                        | CUSIP: 88256CAT6<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    150000 | PA      | $153367.28    | 0.17%             | 2026-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PA CMWLTH-REF                           | CUSIP: 70914P2X9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132467.24    | 0.15%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hamilton OH                                                            | HAMILTON CO-A-REF                       | CUSIP: 4072722F9<br>LEI: 549300TO1E3N4E4YIO28 | Long             | DBT              | MUN               | US        |    100000 | PA      | $105614.17    | 0.12%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                              | LEANDER TX ISD-C                        | CUSIP: 521841WN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    110000 | PA      | $115280.96    | 0.13%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063ELT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108558.14    | 0.12%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PA HSG FIN AGY-138A                     | CUSIP: 70879QRC9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |     95000 | PA      | $91609.71     | 0.10%             | 2052-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Arlington County Industrial Development Authority                                | ARLINGTON CNTY VA IND                   | CUSIP: 041438GT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $160931.06    | 0.18%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NYC HSG DEV CORP-F-2                    | CUSIP: 64972EYZ6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |    195000 | PA      | $193673.65    | 0.22%             | 2061-05-01      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MA DEV FIN AGY                          | CUSIP: 57585BJJ8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104374.89    | 0.12%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER AUTH-A-2                      | CUSIP: 368497JC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $127685.88    | 0.14%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLT                   | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $203936.94    | 0.23%             | 2043-04-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GU GOVT WTRWKS AUTH-A                   | CUSIP: 40065FDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $71580.26     | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | ESSEX CO IMP AUTH                       | CUSIP: 29681CAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99385.81     | 0.11%             | 2030-07-15      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PA HGR EDU-REF                          | CUSIP: 70917SXL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55515.11     | 0.06%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                             | OREGON ST DEPT-A-REF                    | CUSIP: 68607V6B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107254.70    | 0.12%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NJ ECON DEV AUTH-A                      | CUSIP: 64577BHK3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    210000 | PA      | $198889.95    | 0.22%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Nebraska Public Power District                                                   | NEBRASKA PUBLIC PWR                     | CUSIP: 63968AH65<br>LEI: 5493001J0BLQRMOJKP23 | Long             | DBT              | MUN               | US        |    105000 | PA      | $106111.16    | 0.12%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LA DEPT OF WTR-A-REF                    | CUSIP: 544525WB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75976.48     | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Corpus Christi TX Utility System Revenue                                 | CORPUS CHRISTI UTL SY                   | CUSIP: 220245WK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100259.05    | 0.11%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO CAB-CITY CLGS                   | CUSIP: 167484QS6<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    120000 | PA      | $113340.41    | 0.13%             | 2027-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WI HEALTH & EDUCATION                   | CUSIP: 97712DVU7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51250.18     | 0.06%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NJ HLTH CARE FACS-B3                    | CUSIP: 645790MD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $280261.99    | 0.32%             | 2045-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Onondaga Civic Development Corp                                                  | ONONDAGA NY CIVIC DEV                   | CUSIP: 682832EK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $193964.37    | 0.22%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST-B                           | CUSIP: 4521526Q9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     55000 | PA      | $56162.17     | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Associated Municipal Power Systems                                          | UT MUNI PWR-B-REF                       | CUSIP: 917328SB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $201444.13    | 0.23%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA FIN AUTH-A                         | CUSIP: 46247SAG9<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |     90000 | PA      | $95945.13     | 0.11%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NYC TRANSITIONAL-A-1                    | CUSIP: 64972JJN9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165242.57    | 0.19%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oro Grande Elementary School District                                            | ORO GRANDE ESD-COPS                     | CUSIP: 686865AP1<br>LEI: 549300C5E570MP6EW139 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100140.41    | 0.11%             | 2026-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTU                   | CUSIP: 87638TGD9<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104284.91    | 0.12%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182NCT5<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    260000 | PA      | $275742.48    | 0.31%             | 2053-12-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Industrial Tourist Educational Medical & Envirml Ctl Facs Fing Auth  | PUERTO RICO INDL TOUR                   | CUSIP: 74527EFM5<br>LEI: 549300YJRISCG6HQ4512 | Long             | DBT              | MUN               | US        |    165000 | PA      | $170820.34    | 0.19%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO-B-REF                           | CUSIP: 167486T66<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104692.47    | 0.12%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH                   | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |    255000 | PA      | $263501.45    | 0.30%             | 2054-01-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA AUTH-A                     | CUSIP: 71779QAQ5<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    225000 | PA      | $226505.86    | 0.26%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Marion County School Board                                                       | MARION SCH BRD-COPS                     | CUSIP: 56879EGX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $130399.31    | 0.15%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELS WTR & PWR-                   | CUSIP: 544525R34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156900.90    | 0.18%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Long Island Power Authority                                                      | LONG ISLAND NY PWR AU                   | CUSIP: 542691DM9<br>LEI: 1R46U5SYJ63KQXF39168 | Long             | DBT              | MUN               | US        |     75000 | PA      | $74187.45     | 0.08%             | 2050-09-01      | Variable      | 0.85%                 | No            |                  2 | On Loan: No      |
| City & County of Honolulu HI                                                     | HONOLULU CITY & CO-A                    | CUSIP: 438687UG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $104897.08    | 0.12%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CA CMNTY CHOICE FIN-C                   | CUSIP: 13013JEB8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     80000 | PA      | $83846.37     | 0.09%             | 2055-08-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CA CMNTY CHOICE-D                       | CUSIP: 13013JCS3<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    405000 | PA      | $425597.29    | 0.48%             | 2054-05-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                              | PROSPER ISD -B-REMK                     | CUSIP: 7436002V9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $155764.12    | 0.18%             | 2050-02-15      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Town of Washington CT                                                            | WASHINGTON TWN-BANS                     | CUSIP: 937462AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125210.14    | 0.14%             | 2025-12-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TX TRANSPRTN-B-REF                      | CUSIP: 88283KBQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $134758.61    | 0.15%             | 2042-08-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO MTGE FIN-C                   | CUSIP: 647201ST0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105578.11    | 0.12%             | 2053-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY-B-1                         | CUSIP: 64966QFC9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |     50000 | PA      | $53401.27     | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063EHC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218343.24    | 0.25%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CO SCH BRD                   | CUSIP: 59333MS22<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |    105000 | PA      | $105000.00    | 0.12%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063DH68<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $169721.76    | 0.19%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Williamson County Industrial Development Board                                   | WILLIAMSON CO-REV                       | CUSIP: 969878AB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306894.42    | 0.35%             | 2042-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC                     | CUSIP: 79625GEY5<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |     60000 | PA      | $56635.52     | 0.06%             | 2049-02-01      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS GAS ACQ & SPLY                    | CUSIP: 88256RAE6<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |     55000 | PA      | $57617.92     | 0.07%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NJ ST TRANSN TR FD                      | CUSIP: 646136XH9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    100000 | PA      | $81051.21     | 0.09%             | 2030-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PA HSG FIN AGY-142-A                    | CUSIP: 70879QUA9<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    175000 | PA      | $183847.04    | 0.21%             | 2053-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| New York Convention Center Development Corp                                      | NY CONVENTN CTR-B                       | CUSIP: 649451FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     90000 | PA      | $65690.73     | 0.07%             | 2032-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Garland TX Electric Utility System Revenue                               | GARLAND TX ELEC UTILI                   | CUSIP: 366133NH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $202755.52    | 0.23%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY NW-A-REF                         | CUSIP: 29270CT96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $119919.11    | 0.14%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Housing Finance Authority                                      | MIAMI-DADE CO HSG FIN                   | CUSIP: 593344BW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99186.30     | 0.11%             | 2041-10-01      | Variable      | 2.95%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CO HGR EDU                   | CUSIP: 613603YN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $156198.17    | 0.18%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY                    | CUSIP: 154872AT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |     80000 | PA      | $80004.69     | 0.09%             | 2049-12-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL FIN AUTH-A                           | CUSIP: 45204FA54<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    100000 | PA      | $109383.60    | 0.12%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO ARPT-C-REF                      | CUSIP: 167593VP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $206186.25    | 0.23%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CA CMNTY CHOICE FING                    | CUSIP: 13013JCB0<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |     90000 | PA      | $93346.52     | 0.11%             | 2053-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NM ST MTGE FIN AUTH                     | CUSIP: 64719HEN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100357.40    | 0.11%             | 2042-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Board of Governors of Colorado State University System                           | COLORADO ST BOG-A-2                     | CUSIP: 196707V67<br>LEI: 549300MAE3RAIIEIQV71 | Long             | DBT              | MUN               | US        |     50000 | PA      | $51237.79     | 0.06%             | 2048-03-01      | Variable      | 4.38%                 | No            |                  2 | On Loan: No      |
| Utah Housing Corp                                                                | UTAH HSG CORP-C                         | CUSIP: 917437TB1<br>LEI: 549300YXWQEI0S47WI02 | Long             | DBT              | MUN               | US        |    100000 | PA      | $112468.95    | 0.13%             | 2055-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DuBois Hospital Authority                                                        | DUBOIS HOSP AUTH                        | CUSIP: 263804AZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $75157.82     | 0.09%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Health and Education Facilities Authority Act                      | NEW HAMPSHIRE ST HLTH                   | CUSIP: 64461XET8<br>LEI: 549300CNCK7OT82W5653 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154308.48    | 0.17%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL-B                            | CUSIP: 167486J26<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    150000 | PA      | $148032.45    | 0.17%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPR                   | CUSIP: 6461362C4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    130000 | PA      | $132167.85    | 0.15%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                 | OH WTR DEV AUTH                         | CUSIP: 67765QDN3<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102257.75    | 0.12%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TBL0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    200000 | PA      | $205814.00    | 0.23%             | 2053-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CA MUNI FIN AUTH-A                      | CUSIP: 13048TQ97<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    125000 | PA      | $126733.80    | 0.14%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MS ST DEV BANK-A-REF                    | CUSIP: 60534TLN3<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |     75000 | PA      | $68735.88     | 0.08%             | 2029-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS                   | CUSIP: 09182TBH9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101299.25    | 0.11%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LA PUB FACS AUTH-REF                    | CUSIP: 546399CC8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    175000 | PA      | $179217.52    | 0.20%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS-A                         | CUSIP: 154871CW5<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |    435000 | PA      | $450790.67    | 0.51%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | IL FIN AUTH                             | CUSIP: 452031AH0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |     50000 | PA      | $52024.34     | 0.06%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tangipahoa Parish Hospital Service District No 1                                 | TANGIPAHOA PSH-REF                      | CUSIP: 875518EN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     60000 | PA      | $61892.33     | 0.07%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST-B                           | CUSIP: 452153HB8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |     55000 | PA      | $58747.43     | 0.07%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| King & Snohomish Counties School District No 417 Northshore                      | KING ETC SD #417                        | CUSIP: 494656T35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    185000 | PA      | $192742.99    | 0.22%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tampa-Hillsborough County Expressway Authority                                   | TAMPA ETC EXWY-B-REF                    | CUSIP: 875301GB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $215332.06    | 0.24%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County Honolulu HI Wastewater System Revenue                              | HONOLULU WSTWTR-A                       | CUSIP: 438701B94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50125.47     | 0.06%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Department of Veterans Affairs Veteran's Farm & Home Purchase Program            | CA DEPT VETERANS -A                     | CUSIP: 130658QP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $56370.89     | 0.06%             | 2031-06-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Harris County Municipal Utility District No 71                                   | HARRIS MUD #71-REF                      | CUSIP: 414972VA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     55000 | PA      | $55027.81     | 0.06%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS                    | CUSIP: 880397CF9<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104801.49    | 0.12%             | 2053-10-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MO HLTH & EDU FACS-B                    | CUSIP: 60637AJS2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100231.30    | 0.11%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Pearland TX                                                              | PEARLAND -CTFS OBLIG                    | CUSIP: 704865PR9<br>LEI: 549300UYAWZP0LF3EF82 | Long             | DBT              | MUN               | US        |     85000 | PA      | $85946.43     | 0.10%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RI HSG & MTGE FIN-1-A                   | CUSIP: 76221SEX5<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    205000 | PA      | $204814.64    | 0.23%             | 2054-10-01      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                        | TRI-CNTY MET TRANS-A                    | CUSIP: 89546RPP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $208050.22    | 0.24%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PR SALES TAX FING-A1                    | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $138939.22    | 0.16%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| County of Butler OH                                                              | BUTLER HOSP-REF                         | CUSIP: 123550HM0<br>LEI: 54930064OLVQO8IVR655 | Long             | DBT              | MUN               | US        |    225000 | PA      | $228252.80    | 0.26%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NY ST HSG FIN AGY                       | CUSIP: 64987JA35<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100241.88    | 0.11%             | 2062-11-01      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Lancaster Port Authority                                                         | LANCASTER PORT AUTH-A                   | CUSIP: 514401BN7<br>LEI: 5493007EGWLFDZJFF129 | Long             | DBT              | MUN               | US        |     60000 | PA      | $62733.69     | 0.07%             | 2055-02-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | KS DEV FIN AUTH-A                       | CUSIP: 4854292N3<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |     90000 | PA      | $87367.43     | 0.10%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | CVI-SUBSER CW NT                        | CUSIP: 74514L3T2<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |     62143 | PA      | $37130.35     | 0.04%             | 2043-11-01      | Variable      | 0.00%                 | No            |                  2 | On Loan: No      |
| State of California                                                              | CALIFORNIA ST-REF                       | CUSIP: 13063EHD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $165836.09    | 0.19%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST-A                        | CUSIP: 20772KVB2<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    110000 | PA      | $115493.96    | 0.13%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon                                                                  | OREGON ST-C                             | CUSIP: 68609BZZ3<br>LEI: 549300R5SUGZRD8KP359 | Long             | DBT              | MUN               | US        |    155000 | PA      | $160172.33    | 0.18%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENT                   | CUSIP: 93976ABW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     75000 | PA      | $77259.93     | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona Lottery Revenue                                                 | AZ LOTTERY-REF                          | CUSIP: 040624BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $51115.29     | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH                    | CUSIP: 45204EL63<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    315000 | PA      | $324818.24    | 0.37%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | CO HLTH FACS AUTH-C                     | CUSIP: 19648FVL5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    350000 | PA      | $366436.49    | 0.41%             | 2062-05-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Hawaii                                                                  | HAWAII ST-FG                            | CUSIP: 419792LN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $81309.62     | 0.09%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stamford Housing Authority                                                       | STAMFORD HSG AUTH-D                     | CUSIP: 852640AC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $99320.18     | 0.11%             | 2030-10-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST-A                        | CUSIP: 20772J6M9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    160000 | PA      | $162877.60    | 0.18%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO-REV                             | CUSIP: 167570TW0<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99150.99     | 0.11%             | 2028-10-01      | Variable      | 3.20%                 | No            |                  2 | On Loan: No      |
| Los Angeles Department of Water & Power Water System Revenue                     | LOS ANGELES -SER A                      | CUSIP: 544525WW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66601.25     | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN ST NAT GAS INC-D                   | CUSIP: 56035DFT4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |     30000 | PA      | $31110.76     | 0.04%             | 2054-05-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI-B                    | CUSIP: 74439YCS8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    115000 | PA      | $118585.01    | 0.13%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pulaski AR                                                             | PULASKI CNTY AR HOSP                    | CUSIP: 745392JD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254386.65    | 0.29%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Municipal Power Agency                                                   | FL MUNI PWR AGY-A-REF                   | CUSIP: 342816J48<br>LEI: 549300M3I10QJUPNU131 | Long             | DBT              | MUN               | US        |     60000 | PA      | $61046.38     | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State University                                                      | CA ST UNIV-B3                           | CUSIP: 13077DSZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $124567.14    | 0.14%             | 2051-11-01      | Variable      | 3.12%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CO SCH BRD-A                    | CUSIP: 115065C28<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     50000 | PA      | $54416.62     | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark Department of Aviation                                           | CLARK CO-B-REV-NTS                      | CUSIP: 18085PTA2<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |     60000 | PA      | $64240.79     | 0.07%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kenton County Airport Board                                                      | KENTON CO ARPT BRD                      | CUSIP: 491026UU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $190974.93    | 0.22%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California State Public Works Board                                              | CA ST PUB WKS BRD-B                     | CUSIP: 13068L3V5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $132072.95    | 0.15%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp IV                                 | TEXAS ST MUNI GAS ACQ                   | CUSIP: 88256PAG5<br>LEI: 549300PTUE847QDBBW22 | Long             | DBT              | MUN               | US        |    170000 | PA      | $179374.48    | 0.20%             | 2054-01-01      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Ohio Higher Educational Facility Commission                                      | OHIO ST HGR EDUCTNL F                   | CUSIP: 677510CE7<br>LEI: 5493007MQT6NGNN6BR81 | Long             | DBT              | MUN               | US        |    190000 | PA      | $190788.60    | 0.22%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH B                   | CUSIP: 115065B52<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |     75000 | PA      | $78110.07     | 0.09%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH                   | CUSIP: 64990CHW4<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |     85000 | PA      | $86788.76     | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Mexico Severance Tax Permanent Fund                                 | NEW MEXICO ST -A- REV                   | CUSIP: 6473103T6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $86042.78     | 0.10%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOI                   | CUSIP: 13013JAR7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |    150000 | PA      | $142785.23    | 0.16%             | 2052-02-01      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RI HLTH & EDUCTNL-REF                   | CUSIP: 762244FJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     50000 | PA      | $50414.01     | 0.06%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | CMNWLTH MASSACHUSETTS                   | CUSIP: 57582REL6<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100242.49    | 0.11%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS                   | CUSIP: 19648A5B7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150166.44    | 0.17%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Janesville School District                                                       | JANESVILLE SD-B                         | CUSIP: 470878NH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $106801.40    | 0.12%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                           | CUSIP: 93974DYG7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |     75000 | PA      | $76451.96     | 0.09%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** VANGUARD MUNICIPAL BOND FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer