# EDGAR Filing Document

**Accession Number:** 0000816153
**File Stem:** 0001752724-23-037739
**Filing Date:** 2023-2
**Character Count:** 642612
**Document Hash:** d2db280c738db79c1c791df37256682a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-037739.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001752724-23-037739

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** THORNBURG INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000816153
- **IRS NUMBER:** 061158764
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05201
- **FILM NUMBER:** 23663199

**BUSINESS ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361
- **BUSINESS PHONE:** 5059840200

**MAIL ADDRESS:**
- **STREET 1:** 2300 NORTH RIDGETOP ROAD
- **CITY:** SANTA FE
- **STATE:** NM
- **ZIP:** 87506-8361

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** THORNBURG INCOME TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LIMITED TERM TRUST
- **DATE OF NAME CHANGE:** 19870816

## Series and Classes Contracts Data

### Thornburg Limited Term Municipal Fund (Series ID: S000000540)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000001427 | Thornburg Limited Term Municipal Fund - Class A  | LTMFX           |
| C000001438 | Thornburg Limited Term Municipal Fund - Class C  | LTMCX           |
| C000001449 | Thornburg Limited Term Municipal Fund - Class I  | LTMIX           |
| C000222321 | Thornburg Limited Term Municipal Fund - Class C2 | LTMQX           |

## Nport-Ex

SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | **LONG-TERM MUNICIPAL BONDS — 96.8%** |  |  |
|  | &nbsp;&nbsp;**Alabama — 1.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Alabama Public School and College Authority, Series A, 5.00% due 11/1/2025 | &nbsp;&nbsp;$1000000 | &nbsp;&nbsp;$1063519 |
|  | &nbsp;&nbsp;&nbsp;Alabama Public School and College Authority (Education System Capital Improvements), Series B, 5.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 735000 | &nbsp;&nbsp;&nbsp;&nbsp; 741031 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Black Belt Energy Gas District (Guaranty: Goldman Sachs Group, Inc.), Series F, 5.50% due 11/1/2053 (put 12/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 4825000 | &nbsp;&nbsp;&nbsp;&nbsp; 5063654 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Black Belt Energy Gas District (Guaranty: Morgan Stanley Group), Series A-1, 4.00% due 12/1/2049 (put 12/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp;10500000 | &nbsp;&nbsp;&nbsp;&nbsp; 10448876 |
|  | &nbsp;&nbsp;&nbsp;Chatom (Powersouth Energy Co-operative Projects; Insured: AGM) IDB, 5.00% due 8/1/2026 - 8/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1435000 | &nbsp;&nbsp;&nbsp;&nbsp; 1547418 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Chatom (PowerSouth Energy Cooperative; SPA National Rural Utilities Cooperative Finance) IDB, Series A, 2.375% due 8/1/2037 (put 2/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 1595000 | &nbsp;&nbsp;&nbsp;&nbsp; 1593885 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Lower Alabama Gas District (Guaranty: Goldman Sachs Group, Inc.), 4.00% due 12/1/2050 (put 12/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp;17175000 | &nbsp;&nbsp;&nbsp;&nbsp; 17163527 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Selma (International Paper Co.) IDB, Series A, 2.00% due 11/1/2033 (put 10/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2408180 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Southeast Alabama Gas Supply District (Guaranty: Morgan Stanley Group), Series A, 4.00% due 6/1/2049 (put 6/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 997558 |
|  | &nbsp;&nbsp;&nbsp;Southeast Energy Authority A Cooperative District (Guaranty: Morgan Stanley Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.50% due 1/1/2053 (put 12/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3705377 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 4.00% due 12/1/2051 (put 12/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 6780000 | &nbsp;&nbsp;&nbsp;&nbsp; 6540883 |
|  | &nbsp;&nbsp;&nbsp;UAB Medicine Finance Authority (University Hospital), Series B, 5.00% due 9/1/2025 - 9/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 8915000 | &nbsp;&nbsp;&nbsp;&nbsp; 9472215 |
|  | &nbsp;&nbsp;&nbsp;Water Works Board of the City of Birmingham, 5.00% due 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2230000 | &nbsp;&nbsp;&nbsp;&nbsp; 2472022 |
|  | &nbsp;&nbsp;**Arizona — 1.4%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Arizona (Banner Health Obligated Group) HFA, Series B, 3.91% (MUNIPSA + 0.25%) due 1/1/2046 (put 11/4/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3938180 |
|  | &nbsp;&nbsp;&nbsp;Arizona (Scottsdale Lincoln Hospitals) HFA, 5.00% due 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1760000 | &nbsp;&nbsp;&nbsp;&nbsp; 1814648 |
|  | &nbsp;&nbsp;&nbsp;Arizona Board of Regents (Arizona State University) COP, Series A, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5580000 | &nbsp;&nbsp;&nbsp;&nbsp; 5652428 |
|  | &nbsp;&nbsp;&nbsp;Arizona Board of Regents (University of Arizona), 5.00% due 8/1/2023 - 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp; 1377666 |
|  | &nbsp;&nbsp;&nbsp;Arizona Board of Regents (University of Arizona) COP, Series C, 5.00% due 6/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 780000 | &nbsp;&nbsp;&nbsp;&nbsp; 858715 |
|  | &nbsp;&nbsp;&nbsp;City of Phoenix Civic Improvement Corp., Series A, 5.00% due 7/1/2023 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 7330000 | &nbsp;&nbsp;&nbsp;&nbsp; 7599733 |
|  | &nbsp;&nbsp;&nbsp;County of Pinal (Detention and Training Facilities), Series A, 5.00% due 8/1/2023 - 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3300000 | &nbsp;&nbsp;&nbsp;&nbsp; 3411513 |
|  | &nbsp;&nbsp;&nbsp;County of Pinal (Hunt Highway (Phases III-V), Ironwood Drive, Public Safety Radio & Court Buildings), 5.00% due 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3094227 |
|  | &nbsp;&nbsp;&nbsp;Maricopa County Pollution Control Corp. (Public Service Co. of New Mexico), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.875% due 6/1/2043 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2668137 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 0.875% due 6/1/2043 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1511944 |
|  | &nbsp;&nbsp;&nbsp;Northern Arizona University (Insured: BAM), Series B, 5.00% due 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 525000 | &nbsp;&nbsp;&nbsp;&nbsp; 594344 |
|  | &nbsp;&nbsp;&nbsp;Northern Arizona University COP, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3325000 | &nbsp;&nbsp;&nbsp;&nbsp; 3329439 |
|  | &nbsp;&nbsp;&nbsp;Pima County (Tucson Electric Power Co.) IDA, 4.00% due 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3320000 | &nbsp;&nbsp;&nbsp;&nbsp; 3307716 |
|  | &nbsp;&nbsp;&nbsp;Salt River Project Agricultural Improvement and Power District (Salt River Electric System), Series A, 5.00% due 1/1/2028 - 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 5405000 | &nbsp;&nbsp;&nbsp;&nbsp; 6011737 |
|  | &nbsp;&nbsp;&nbsp;State of Arizona COP ETM, Series A, 5.00% due 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3375000 | &nbsp;&nbsp;&nbsp;&nbsp; 3582525 |
|  | &nbsp;&nbsp;**Arkansas — 0.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Board of Trustees of the University of Arkansas (Fayetteville Campus Athletic Facilities) ETM, Series A, 3.00% due 11/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 615000 | &nbsp;&nbsp;&nbsp;&nbsp; 614454 |
|  | &nbsp;&nbsp;**California — 3.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Alameda County Joint Powers Authority (Alameda County Medical Center Highland Hospital), Series A, 5.00% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3200000 | &nbsp;&nbsp;&nbsp;&nbsp; 3262227 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Bay Area Toll Authority (San Francisco Bay Area Toll Bridge), Series E, 4.07% (MUNIPSA + 0.41%) due 4/1/2056 (put 4/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1489739 |
|  | &nbsp;&nbsp;&nbsp;California (PIH Health, Inc. Obligated Group) HFFA, Series A, 5.00% due 6/1/2028 - 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2950000 | &nbsp;&nbsp;&nbsp;&nbsp; 3231606 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;California Community Choice Financing Authority (Guaranty: Goldman Sachs Group, Inc.) (Green Bond), Series A, 4.00% due 10/1/2052 (put 12/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1005161 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;California Infrastructure & Economic Development Bank (J Paul Getty Trust), Series B-2, 3.00% due 10/1/2047 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3029883 |
|  | &nbsp;&nbsp;&nbsp;California Municipal Finance Authority (CHF-Davis II LLC; Insured: BAM) (Green Bond), 5.00% due 5/15/2029 - 5/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1195000 | &nbsp;&nbsp;&nbsp;&nbsp; 1329370 |
|  | &nbsp;&nbsp;&nbsp;California Statewide Communities Development Authority (CHF-Irvine LLC; Insured: BAM), 5.00% due 5/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2250240 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;California Statewide Communities Development Authority (Kaiser Foundation Hospitals), Series 2004-M-R, 5.00% due 4/1/2038 (put 11/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 5250000 | &nbsp;&nbsp;&nbsp;&nbsp; 5959039 |
|  | &nbsp;&nbsp;&nbsp;Castaic Lake Water Agency (Water System Improvement; Insured: AMBAC) COP, Zero Coupon due 8/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;10125000 | &nbsp;&nbsp;&nbsp;&nbsp; 9963597 |
|  | &nbsp;&nbsp;&nbsp;City of Los Angeles, 4.00% due 6/29/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp; 7528860 |
|  | &nbsp;&nbsp;&nbsp;City of Modesto Wastewater Revenue, Series B, 5.00% due 11/1/2027 - 11/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3942162 |
|  | &nbsp;&nbsp;&nbsp;County of Riverside, 5.00% due 6/30/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2550000 | &nbsp;&nbsp;&nbsp;&nbsp; 2571542 |
|  | &nbsp;&nbsp;&nbsp;Lammersville USD (Insured: BAM), 5.00% due 9/1/2029 - 9/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2215000 | &nbsp;&nbsp;&nbsp;&nbsp; 2525284 |
|  | &nbsp;&nbsp;&nbsp;Los Angeles (Educational Facilities and Information Technology Infrastructure) USD GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 7/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8950000 | &nbsp;&nbsp;&nbsp;&nbsp; 9042668 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 7/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;11950000 | &nbsp;&nbsp;&nbsp;&nbsp; 12075833 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 7/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;10640000 | &nbsp;&nbsp;&nbsp;&nbsp; 10995004 |
|  | &nbsp;&nbsp;&nbsp;Los Angeles County Redevelopment Refunding Authority Successor Agency (Bunker Hill Project), Series C, 5.00% due 6/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;17250000 | &nbsp;&nbsp;&nbsp;&nbsp; 17717498 |
|  | &nbsp;&nbsp;&nbsp;Los Angeles USD GO, Series A, 5.00% due 7/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1550246 |
|  | &nbsp;&nbsp;&nbsp;Needles (Insured: Natl-Re) USD GO, Series B, Zero Coupon due 8/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1005000 | &nbsp;&nbsp;&nbsp;&nbsp; 985647 |
|  | &nbsp;&nbsp;&nbsp;North City West School Facilities Financing Authority (Carmel Valley Educational Facilities; Insured: AGM), Series A, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4545000 | &nbsp;&nbsp;&nbsp;&nbsp; 4551490 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Northern California Energy Authority (Commodity Supply Revenue; Guaranty: Goldman Sachs Group, Inc.), Series A, 4.00% due 7/1/2049 (put 7/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp;13000000 | &nbsp;&nbsp;&nbsp;&nbsp; 13006825 |
|  | &nbsp;&nbsp;&nbsp;Santa Fe Springs CDC Successor Agency (Consolidated Redevelopment Project; Insured: Natl-Re), Series A, Zero Coupon due 9/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6639913 |
|  | &nbsp;&nbsp;**Colorado — 1.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City & County of Denver (Buell Theatre Property) COP, Series A, 5.00% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1720000 | &nbsp;&nbsp;&nbsp;&nbsp; 1750564 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;City & County of Denver School District No. 1 (Eastbridge Elementary and Conservatory Green K-8 Schools) COP, Series C, 5.00% due 12/15/2023 | &nbsp;&nbsp;$1180000 | &nbsp;&nbsp;$1201897 |
|  | &nbsp;&nbsp;&nbsp;Colorado (Adventhealth Obligation Group) HFA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2036 (pre-refunded 11/15/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 265000 | &nbsp;&nbsp;&nbsp;&nbsp; 269345 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2036 (put 11/15/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 735000 | &nbsp;&nbsp;&nbsp;&nbsp; 745133 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Colorado (Adventist Health System/Sunbelt Obligated Group) HFA, Series C, 5.00% due 11/15/2036 (put 11/15/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp;&nbsp;&nbsp; 1226995 |
|  | &nbsp;&nbsp;&nbsp;Colorado (CommonSpirit Health Obligated Group) HFA, 5.00% due 11/1/2029 - 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4550000 | &nbsp;&nbsp;&nbsp;&nbsp; 4899645 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Colorado (Intermountain Healthcare Obligated Group) HFA, Series B, 5.00% due 5/15/2062 (put 8/17/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1415000 | &nbsp;&nbsp;&nbsp;&nbsp; 1519866 |
|  | &nbsp;&nbsp;&nbsp;Colorado (Northern Colorado Medical Center) HFA ETM, 5.00% due 5/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 740000 | &nbsp;&nbsp;&nbsp;&nbsp; 780997 |
|  | &nbsp;&nbsp;&nbsp;Colorado Higher Education COP, 4.00% due 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1068091 |
|  | &nbsp;&nbsp;&nbsp;County of El Paso (Judicial Complex; Insured: AGM) COP, 5.00% due 12/1/2024 - 12/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp;&nbsp; 2385385 |
|  | &nbsp;&nbsp;&nbsp;County of El Paso (Pikes Peak Regional Development Center) COP, 5.00% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1330000 | &nbsp;&nbsp;&nbsp;&nbsp; 1354761 |
|  | &nbsp;&nbsp;&nbsp;Crystal Valley Metropolitan District No 2 (Insured: AGM) GO, Series A, 5.00% due 12/1/2025 - 12/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1810000 | &nbsp;&nbsp;&nbsp;&nbsp; 1989395 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;E-470 Public Highway Authority, Series B, 3.231% (SOFR + 0.35%) due 9/1/2039 (put 9/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1983366 |
|  | &nbsp;&nbsp;&nbsp;El Paso County Falcon School District No. 49 COP, 5.00% due 12/15/2023 - 12/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp; 1642659 |
|  | &nbsp;&nbsp;&nbsp;Interlocken Metropolitan District (Insured: AGM) GO, Series A-1, 5.00% due 12/1/2024 - 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2375000 | &nbsp;&nbsp;&nbsp;&nbsp; 2487242 |
|  | &nbsp;&nbsp;&nbsp;Regional Transportation District (Denver Transit Partners LLC), Series A, 5.00% due 7/15/2024 - 1/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1355000 | &nbsp;&nbsp;&nbsp;&nbsp; 1418359 |
|  | &nbsp;&nbsp;&nbsp;Regional Transportation District (Denver Transit Partners), Series A, 5.00% due 7/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 640027 |
|  | &nbsp;&nbsp;&nbsp;Regional Transportation District (North Metro Rail Line) COP, Series A, 5.00% due 6/1/2024 (pre-refunded 6/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4030048 |
|  | &nbsp;&nbsp;&nbsp;Regional Transportation District (North Metro Rail Line) COP ETM, Series A, 5.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4028580 |
|  | &nbsp;&nbsp;&nbsp;Sierra Ridge Metropolitan District No 2 (Insured: AGM) GO, 4.00% due 12/1/2029 - 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1030000 | &nbsp;&nbsp;&nbsp;&nbsp; 1086107 |
|  | &nbsp;&nbsp;&nbsp;State of Colorado COP, Series A, 5.00% due 9/1/2024 - 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4610000 | &nbsp;&nbsp;&nbsp;&nbsp; 4948864 |
|  | &nbsp;&nbsp;**Connecticut — 2.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Hartford (Various Public Improvements; Insured: AGM) GO, Series A, 5.00% due 7/1/2024 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1820000 | &nbsp;&nbsp;&nbsp;&nbsp; 1900679 |
|  | &nbsp;&nbsp;&nbsp;City of New Haven (Insured: AGM) GO, Series B, 5.00% due 2/1/2028 - 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1470000 | &nbsp;&nbsp;&nbsp;&nbsp; 1614375 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut (Educational Facilities) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 6/15/2024 - 6/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;30400000 | &nbsp;&nbsp;&nbsp;&nbsp; 31554799 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5550000 | &nbsp;&nbsp;&nbsp;&nbsp; 5623249 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut (Various Capital Projects) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 5/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;16615000 | &nbsp;&nbsp;&nbsp;&nbsp; 17802125 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 8/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1845000 | &nbsp;&nbsp;&nbsp;&nbsp; 1867828 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 2/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7158571 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 6/15/2023 - 6/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;11540000 | &nbsp;&nbsp;&nbsp;&nbsp; 12538831 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2560000 | &nbsp;&nbsp;&nbsp;&nbsp; 2854697 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut Special Tax Revenue, Series D, 5.00% due 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 585593 |
|  | &nbsp;&nbsp;&nbsp;State of Connecticut Special Tax Revenue (Transportation Infrastructure Purposes), Series A, 5.00% due 8/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp; 1269558 |
|  | &nbsp;&nbsp;&nbsp;University of Connecticut, Series A, 5.00% due 5/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1169057 |
|  | &nbsp;&nbsp;**Delaware — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Delaware State (Beebe Medical Center, Inc.) HFA, 5.00% due 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp; 1274361 |
|  | &nbsp;&nbsp;&nbsp;Delaware Transportation Authority, 5.00% due 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2665000 | &nbsp;&nbsp;&nbsp;&nbsp; 3038692 |
|  | &nbsp;&nbsp;**District of Columbia — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Washington Metropolitan Area Transit Authority, 5.00% due 7/1/2023 - 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4750000 | &nbsp;&nbsp;&nbsp;&nbsp; 4990333 |
|  | &nbsp;&nbsp;**Florida — 5.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Alachua County School Board (Educational Facilities) COP, 5.00% due 7/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; 2270000 |
|  | &nbsp;&nbsp;&nbsp;Broward County School Board (Educational Facilities) COP, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 7/1/2023 - 7/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;14300000 | &nbsp;&nbsp;&nbsp;&nbsp; 14808168 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 7/1/2023 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9085000 | &nbsp;&nbsp;&nbsp;&nbsp; 9411492 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 7/1/2025 - 7/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp;12830000 | &nbsp;&nbsp;&nbsp;&nbsp; 13620542 |
|  | &nbsp;&nbsp;&nbsp;Central Florida Expressway Authority, 5.00% due 7/1/2024 - 7/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1910000 | &nbsp;&nbsp;&nbsp;&nbsp; 1994144 |
|  | &nbsp;&nbsp;&nbsp;City of Cape Coral (Water and Sewer System Improvements), 5.00% due 10/1/2024 - 10/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5100000 | &nbsp;&nbsp;&nbsp;&nbsp; 5418331 |
|  | &nbsp;&nbsp;&nbsp;City of Jacksonville, Series C, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1105000 | &nbsp;&nbsp;&nbsp;&nbsp; 1120571 |
|  | &nbsp;&nbsp;&nbsp;City of Lakeland (Lakeland Regional Health Systems), 5.00% due 11/15/2026 - 11/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1990000 | &nbsp;&nbsp;&nbsp;&nbsp; 2117045 |
|  | &nbsp;&nbsp;&nbsp;City of Miami (Stormwater Management Utility System), 5.00% due 9/1/2026 - 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2675000 | &nbsp;&nbsp;&nbsp;&nbsp; 2922722 |
|  | &nbsp;&nbsp;&nbsp;City of Orlando (Senior Tourist Development; Insured: AGM), Series A, 5.00% due 11/1/2024 - 11/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2900000 | &nbsp;&nbsp;&nbsp;&nbsp; 3057580 |
|  | &nbsp;&nbsp;&nbsp;County of Manatee (Public Utilities Improvements), 5.00% due 10/1/2024 - 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 970000 | &nbsp;&nbsp;&nbsp;&nbsp; 1012204 |
|  | &nbsp;&nbsp;&nbsp;County of Polk (Water and Wastewater Utility Systems), 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1420000 | &nbsp;&nbsp;&nbsp;&nbsp; 1422407 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Deutsche Bank Spears/Lifers Trust (Guaranty: Deutsche Bank A.G.), Series DBE-8085, 4.06% due 7/1/2061 (put 2/28/2023) | &nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000000 |
|  | &nbsp;&nbsp;&nbsp;Duval County Public Schools (Insured: AGM) COP, Series A, 5.00% due 7/1/2031 - 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4450000 | &nbsp;&nbsp;&nbsp;&nbsp; 5052108 |
|  | &nbsp;&nbsp;&nbsp;Florida State Board of Governors (Florida State University Student Health Fee Revenue), Series A, 5.00% due 7/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1010000 | &nbsp;&nbsp;&nbsp;&nbsp; 1160400 |
|  | &nbsp;&nbsp;&nbsp;Hillsborough County School Board (Master Lease Program) COP, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 7/1/2027 - 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5200000 | &nbsp;&nbsp;&nbsp;&nbsp; 5693109 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4835000 | &nbsp;&nbsp;&nbsp;&nbsp; 5250423 |
|  | &nbsp;&nbsp;&nbsp;JEA Electric System, |  |  |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 10/1/2024 (pre-refunded 10/1/2023) | &nbsp;&nbsp;$1200000 | &nbsp;&nbsp;$1216990 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series III B, 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2110000 | &nbsp;&nbsp;&nbsp;&nbsp; 2285119 |
|  | &nbsp;&nbsp;&nbsp;JEA Electric System ETM, Series A, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1395000 | &nbsp;&nbsp;&nbsp;&nbsp; 1416462 |
|  | &nbsp;&nbsp;&nbsp;Lee County School Board (School Facilities Improvements) COP, 5.00% due 8/1/2023 - 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3070140 |
|  | &nbsp;&nbsp;&nbsp;Manatee County School District (School Facilities Improvements; Insured: AGM), 5.00% due 10/1/2025 - 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2900000 | &nbsp;&nbsp;&nbsp;&nbsp; 3112967 |
|  | &nbsp;&nbsp;&nbsp;Marion County School Board (Insured: BAM) COP, Series B, 5.00% due 6/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3065000 | &nbsp;&nbsp;&nbsp;&nbsp; 3148258 |
|  | &nbsp;&nbsp;&nbsp;Miami-Dade County (Miami International Airport), Series B, 5.00% due 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2592600 |
|  | &nbsp;&nbsp;&nbsp;Miami-Dade County (Transit System), 5.00% due 7/1/2023 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;10265000 | &nbsp;&nbsp;&nbsp;&nbsp; 10656626 |
|  | &nbsp;&nbsp;&nbsp;Miami-Dade County Aviation Revenue, Series A, 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 560175 |
|  | &nbsp;&nbsp;&nbsp;Miami-Dade County Expressway Authority (Toll System), Series B, 5.00% due 7/1/2024 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4075582 |
|  | &nbsp;&nbsp;&nbsp;Miami-Dade County School Board (Educational Facilities Improvements) COP, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 5/1/2023 - 5/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;12130000 | &nbsp;&nbsp;&nbsp;&nbsp; 12353404 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 5/1/2031 (pre-refunded 5/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 2550000 | &nbsp;&nbsp;&nbsp;&nbsp; 2615408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 5/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;15000000 | &nbsp;&nbsp;&nbsp;&nbsp; 15677430 |
|  | &nbsp;&nbsp;&nbsp;Orange County (AdventHealth Obligated Group) HFA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2052 (pre-refunded 11/15/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 210000 | &nbsp;&nbsp;&nbsp;&nbsp; 228301 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2052 (put 11/15/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3290000 | &nbsp;&nbsp;&nbsp;&nbsp; 3497013 |
|  | &nbsp;&nbsp;&nbsp;Orange County School Board (Educational Facilities) COP, Series D, 5.00% due 8/1/2023 - 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4175000 | &nbsp;&nbsp;&nbsp;&nbsp; 4307934 |
|  | &nbsp;&nbsp;&nbsp;Palm Beach County (Jupiter Medical Center Obligated Group) HFA, Series A, 5.00% due 11/1/2028 - 11/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 675000 | &nbsp;&nbsp;&nbsp;&nbsp; 712951 |
|  | &nbsp;&nbsp;&nbsp;Palm Beach County School Board (Educational Facilities) COP, Series B, 5.00% due 8/1/2023 - 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 9095000 | &nbsp;&nbsp;&nbsp;&nbsp; 9287222 |
|  | &nbsp;&nbsp;&nbsp;Palm Beach County School District COP, Series C, 5.00% due 8/1/2023 - 8/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7261985 |
|  | &nbsp;&nbsp;&nbsp;Pasco County School Board COP, Series A, 5.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 872665 |
|  | &nbsp;&nbsp;&nbsp;Reedy Creek Improvement District (Buena Vista Drive Corridor Improvements) GO, Series A, 5.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1940000 | &nbsp;&nbsp;&nbsp;&nbsp; 1952534 |
|  | &nbsp;&nbsp;&nbsp;Reedy Creek Improvement District (Walt Disney World Resort Complex Utility Systems), Series 1, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 760228 |
|  | &nbsp;&nbsp;&nbsp;Reedy Creek Improvement District (Walt Disney World Resort Complex Utility Systems) GO, Series A, 5.00% due 6/1/2023 - 6/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3710000 | &nbsp;&nbsp;&nbsp;&nbsp; 3819120 |
|  | &nbsp;&nbsp;&nbsp;Sunshine State Governmental Financing Commission (Miami-Dade County Program), Series B-1, 5.00% due 9/1/2024 (pre-refunded 9/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 1725000 | &nbsp;&nbsp;&nbsp;&nbsp; 1746580 |
|  | &nbsp;&nbsp;&nbsp;Sunshine State Governmental Financing Commission (Miami-Dade County Program) ETM, Series B-1, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2100000 | &nbsp;&nbsp;&nbsp;&nbsp; 2125118 |
|  | &nbsp;&nbsp;&nbsp;Town of Davie (Nova Southeastern University, Inc.), 5.00% due 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 419092 |
|  | &nbsp;&nbsp;&nbsp;Volusia County Educational Facilities Authority (Embry-Riddle Aeronautical University, Inc.), Series B, 5.00% due 10/15/2023 - 10/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1801451 |
|  | &nbsp;&nbsp;&nbsp;Volusia County School Board (University High School, River Springs Middle School) COP, Series B, 5.00% due 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1031171 |
|  | &nbsp;&nbsp;&nbsp;Wildwood Utility Dependent District (Insured: BAM), 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 200000 | &nbsp;&nbsp;&nbsp;&nbsp; 226198 |
|  | &nbsp;&nbsp;**Georgia — 3.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Athens-Clarke County Unified Government Development Authority (UGAREF Central Precinct LLC), 5.00% due 6/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp; 474185 |
|  | &nbsp;&nbsp;&nbsp;City of Atlanta (Airport Passenger Facility), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 1/1/2024 - 1/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3850000 | &nbsp;&nbsp;&nbsp;&nbsp; 3925979 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 1/1/2023 - 1/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2645000 | &nbsp;&nbsp;&nbsp;&nbsp; 2679229 |
|  | &nbsp;&nbsp;&nbsp;City of Atlanta (Atlantic Station Project), 5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 2190000 | &nbsp;&nbsp;&nbsp;&nbsp; 2246378 |
|  | &nbsp;&nbsp;&nbsp;City of Atlanta (Water & Wastewater System), 5.00% due 11/1/2023 - 11/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3130000 | &nbsp;&nbsp;&nbsp;&nbsp; 3239514 |
|  | &nbsp;&nbsp;&nbsp;Georgia State Road & Tollway Authority (GARVEE), 5.00% due 6/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1150869 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Main Street Natural Gas, Inc. (Guaranty: Citigroup Global Markets), Series C, 4.00% due 5/1/2052 (put 12/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp;29700000 | &nbsp;&nbsp;&nbsp;&nbsp; 29024889 |
|  | &nbsp;&nbsp;&nbsp;Main Street Natural Gas, Inc. (Guaranty: Macquarie Group Ltd.), Series A, 5.00% due 5/15/2023 - 5/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 9765000 | &nbsp;&nbsp;&nbsp;&nbsp; 10000759 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Main Street Natural Gas, Inc. (Guaranty: Royal Bank of Canada), Series A, 4.00% due 7/1/2052 (put 9/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp;42805000 | &nbsp;&nbsp;&nbsp;&nbsp; 42611650 |
|  | &nbsp;&nbsp;&nbsp;Municipal Electric Authority of Georgia, Series A, 5.00% due 1/1/2026 - 1/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 6300000 | &nbsp;&nbsp;&nbsp;&nbsp; 6747141 |
|  | &nbsp;&nbsp;&nbsp;Private Colleges & Universities Authority (Corp. of Mercer University), 5.00% due 10/1/2030 - 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 390564 |
|  | &nbsp;&nbsp;&nbsp;Savannah (International Paper Co.) EDA, Series B, 1.90% due 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3856400 |
|  | &nbsp;&nbsp;**Guam — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Government of Guam (Various Capital Projects), Series D, 5.00% due 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp; 4574862 |
|  | &nbsp;&nbsp;&nbsp;Guam Government Waterworks Authority (Water & Wastewater System Improvements), 5.25% due 7/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 645000 | &nbsp;&nbsp;&nbsp;&nbsp; 647796 |
|  | &nbsp;&nbsp;&nbsp;Guam Power Authority (Electric Power System), Series A, 5.00% due 10/1/2023 - 10/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4330000 | &nbsp;&nbsp;&nbsp;&nbsp; 4436573 |
|  | &nbsp;&nbsp;**Hawaii — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Hawaii (Capital Improvements) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1606182 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2085000 | &nbsp;&nbsp;&nbsp;&nbsp; 2232593 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 535394 |
|  | &nbsp;&nbsp;**Idaho — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Idaho (Trinity Health Credit Group) HFA, Series D, 5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3066994 |
|  | &nbsp;&nbsp;**Illinois — 9.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Chicago Midway International Airport, Series B, 5.00% due 1/1/2023 - 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;25175000 | &nbsp;&nbsp;&nbsp;&nbsp; 25211125 |
|  | &nbsp;&nbsp;&nbsp;Chicago O'Hare International Airport (2016 Airport Projects), Series C, 5.00% due 1/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1861891 |
|  | &nbsp;&nbsp;&nbsp;Chicago Park District (Capital Improvement Plan) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 1/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 610000 | &nbsp;&nbsp;&nbsp;&nbsp; 624380 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 1/1/2023 - 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 2945000 | &nbsp;&nbsp;&nbsp;&nbsp; 2959124 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 1/1/2023 | &nbsp;&nbsp;$3215000 | &nbsp;&nbsp;$3215000 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 1/1/2023 - 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3435000 | &nbsp;&nbsp;&nbsp;&nbsp; 3453550 |
|  | &nbsp;&nbsp;&nbsp;Chicago Park District GO, Series A, 5.00% due 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 155000 | &nbsp;&nbsp;&nbsp;&nbsp; 156634 |
|  | &nbsp;&nbsp;&nbsp;Chicago Park District GO ETM, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1150000 | &nbsp;&nbsp;&nbsp;&nbsp; 1173489 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1060000 | &nbsp;&nbsp;&nbsp;&nbsp; 1081651 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Riverwalk Expansion Project; Insured: AGM) ETM, 5.00% due 1/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Wastewater Transmission System), Series C, 5.00% due 1/1/2023 - 1/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;13750000 | &nbsp;&nbsp;&nbsp;&nbsp; 13996908 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Water System), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2043368 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 2017-2, 5.00% due 11/1/2023 - 11/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1650000 | &nbsp;&nbsp;&nbsp;&nbsp; 1677421 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 11/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6250000 | &nbsp;&nbsp;&nbsp;&nbsp; 6539056 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 11/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4086736 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago (Water System; Insured: AGM), Series 2017-2, 5.00% due 11/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2154924 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City of Chicago Heights (Olympic Village LLC), 2.875% due 8/1/2027 (put 8/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp;14799000 | &nbsp;&nbsp;&nbsp;&nbsp; 14692876 |
|  | &nbsp;&nbsp;&nbsp;City of Chicago Wastewater Transmission Revenue, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2710000 | &nbsp;&nbsp;&nbsp;&nbsp; 2887838 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 1/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 516774 |
|  | &nbsp;&nbsp;&nbsp;City of Joliet (Rock Run Crossing Project; Insured: BAM) GO, 5.00% due 12/15/2031 - 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2030000 | &nbsp;&nbsp;&nbsp;&nbsp; 2303723 |
|  | &nbsp;&nbsp;&nbsp;Clinton Bond Fayette Etc Counties Community College District No 501 Kaskaskia (Insured: AGM) GO, 5.00% due 12/1/2031 - 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1125000 | &nbsp;&nbsp;&nbsp;&nbsp; 1261968 |
|  | &nbsp;&nbsp;&nbsp;Cook County (Capital Improvement Plan) GO, Series A, 5.00% due 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1547976 |
|  | &nbsp;&nbsp;&nbsp;Cook County Community College District No. 508 (City Colleges of Chicago) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4425000 | &nbsp;&nbsp;&nbsp;&nbsp; 4474484 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.25% due 12/1/2025 - 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3365000 | &nbsp;&nbsp;&nbsp;&nbsp; 3411404 |
|  | &nbsp;&nbsp;&nbsp;Cook County Community High School District No 233 Homewood-Flossmoor Go, 4.00% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1805000 | &nbsp;&nbsp;&nbsp;&nbsp; 1909824 |
|  | &nbsp;&nbsp;&nbsp;Cook County Community High School District No 233 Homewood-Flossmoor GO, 4.00% due 12/1/2028 - 12/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3825000 | &nbsp;&nbsp;&nbsp;&nbsp; 4100209 |
|  | &nbsp;&nbsp;&nbsp;Cook County Sales Tax Revenue, 5.00% due 11/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; 2431415 |
|  | &nbsp;&nbsp;&nbsp;Cook County School District No.170 (Insured: AGM) GO, Series D, 5.00% due 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1190000 | &nbsp;&nbsp;&nbsp;&nbsp; 1230512 |
|  | &nbsp;&nbsp;&nbsp;DuPage Cook & Will Counties Community College District No 502 GO, 5.00% due 6/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5141275 |
|  | &nbsp;&nbsp;&nbsp;DuPage County Forest Preserve District GO, 5.00% due 11/1/2023 - 11/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 8340000 | &nbsp;&nbsp;&nbsp;&nbsp; 8807794 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Illinois (Anchor Senior Living 2021 L.P.) HDA, Series A, 4.00% due 11/1/2042 (put 5/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2015098 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Advocate Health Care), 5.00% due 8/1/2023 - 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1365000 | &nbsp;&nbsp;&nbsp;&nbsp; 1393971 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Ascension Health Credit Group), Series C, 5.00% due 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1603109 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Carle Foundation Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 2/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3172983 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 8/15/2053 (put 8/15/2031) | &nbsp;&nbsp;&nbsp;&nbsp;15130000 | &nbsp;&nbsp;&nbsp;&nbsp; 16883703 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (NorthShore University HealthSystem Obligated Group), Series A, 5.00% due 8/15/2025 - 8/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3800000 | &nbsp;&nbsp;&nbsp;&nbsp; 4159230 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Northwestern Memorial Healthcare Obligated Group), Series A, 5.00% due 7/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 909998 |
|  | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (Rush University Medical Center), Series A, 5.00% due 11/15/2024 - 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 5170000 | &nbsp;&nbsp;&nbsp;&nbsp; 5386757 |
| **<sup>b</sup>** | &nbsp;&nbsp;&nbsp;Illinois Finance Authority (University of Chicago Medical Center Obligated Group), Series A, 5.00% due 8/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2626650 |
|  | &nbsp;&nbsp;&nbsp;Illinois State Toll Highway Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 1/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2085224 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 1/1/2023 - 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;10500000 | &nbsp;&nbsp;&nbsp;&nbsp; 10631482 |
|  | &nbsp;&nbsp;&nbsp;Kane McHenry Cook & DeKalb Counties Unit School District No. 300 GO, 5.00% due 1/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7150000 | &nbsp;&nbsp;&nbsp;&nbsp; 7269562 |
|  | &nbsp;&nbsp;&nbsp;Knox & Warren Counties Community Unit School District No 205 Galesburg GO, Series B, 5.00% due 12/1/2025 - 12/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 9275000 | &nbsp;&nbsp;&nbsp;&nbsp; 9903950 |
|  | &nbsp;&nbsp;&nbsp;McHenry County Conservation District GO, 5.00% due 2/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2092610 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Water Reclamation District of Greater Chicago (Green Bond) GO, Series E, 5.00% due 12/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1058708 |
|  | &nbsp;&nbsp;&nbsp;Monroe & St Clair Counties Community Unit School District No. 5 (Insured: BAM) GO, 5.00% due 4/15/2024 - 4/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1650000 | &nbsp;&nbsp;&nbsp;&nbsp; 1721391 |
|  | &nbsp;&nbsp;&nbsp;Peoria Metropolitan Airport Authority GO, Series D, 5.00% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1077950 |
|  | &nbsp;&nbsp;&nbsp;Rock Island Henry Mercer Etc Counties Community College District No. 503 (Black Hawk College; Insured: AGM) GO, 5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7570000 | &nbsp;&nbsp;&nbsp;&nbsp; 7781051 |
|  | &nbsp;&nbsp;&nbsp;Sales Tax Securitization Corp., Series A, 5.00% due 1/1/2028 - 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6445000 | &nbsp;&nbsp;&nbsp;&nbsp; 6923891 |
|  | &nbsp;&nbsp;&nbsp;Sangamon County School District No 186 Springfield (Insured: AGM) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 2/1/2030 - 2/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3678239 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 2/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1570000 | &nbsp;&nbsp;&nbsp;&nbsp; 1746247 |
|  | &nbsp;&nbsp;&nbsp;Southern Illinois University (Insured: BAM), Series A, 5.00% due 4/1/2027 - 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3310000 | &nbsp;&nbsp;&nbsp;&nbsp; 3515159 |
|  | &nbsp;&nbsp;&nbsp;State of Illinois (State Facilities Improvements) GO, Series D, 5.00% due 11/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3650000 | &nbsp;&nbsp;&nbsp;&nbsp; 3718671 |
|  | &nbsp;&nbsp;&nbsp;State of Illinois GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.50% due 5/1/2024 - 5/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2350000 | &nbsp;&nbsp;&nbsp;&nbsp; 2439858 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 3/1/2031 - 3/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 8225000 | &nbsp;&nbsp;&nbsp;&nbsp; 8570359 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 3/1/2029 - 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2599175 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 11/1/2023 - 11/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;38960000 | &nbsp;&nbsp;&nbsp;&nbsp; 40206763 |
|  | &nbsp;&nbsp;&nbsp;State of Illinois Sales Tax Revenue, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 6/15/2026 - 6/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 21122400 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 6/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1018425 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;State of Illinois Sales Tax Revenue (Insured: BAM-Natl-Re), 6.00% due 6/15/2026 | &nbsp;&nbsp;$235000 | &nbsp;&nbsp;$251631 |
|  | &nbsp;&nbsp;&nbsp;University of Illinois (University of Illinois Auxiliary Facilities System), Series A, 4.00% due 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;11465000 | &nbsp;&nbsp;&nbsp;&nbsp; 11573425 |
|  | &nbsp;&nbsp;&nbsp;Will & Kendall Counties Plainfield Community Consolidated School District 202 (Capital Improvements; Insured: BAM) GO, Series A, 5.00% due 1/1/2023 - 1/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;21125000 | &nbsp;&nbsp;&nbsp;&nbsp; 21581013 |
|  | &nbsp;&nbsp;&nbsp;Will County Community Unit School District No 201-U Crete-Monee (Insured: BAM) GO, Series U-A, 5.00% due 1/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 378893 |
|  | &nbsp;&nbsp;**Indiana — 1.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Avon Community School Building Corp. (Educational Facilities; Insured: State Intercept), 5.00% due 7/15/2023 - 7/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3530000 | &nbsp;&nbsp;&nbsp;&nbsp; 3751406 |
|  | &nbsp;&nbsp;&nbsp;City of Rockport (AEP Generating Co.; Guaranty: American Electric Power Co.), Series A, 3.125% due 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2941035 |
|  | &nbsp;&nbsp;&nbsp;Clark-Pleasant Community School Building Corp. (Insured: State Intercept), 5.00% due 7/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 955000 | &nbsp;&nbsp;&nbsp;&nbsp; 1107358 |
|  | &nbsp;&nbsp;&nbsp;Columbus Multi School Building Corp. (Bartholomew Consolidated School Corp.; Insured: State Intercept), 4.00% due 1/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 570000 | &nbsp;&nbsp;&nbsp;&nbsp; 575162 |
|  | &nbsp;&nbsp;&nbsp;Hamilton Southeastern Consolidated School Building Corp. (Educational Facilities; Insured: State Intercept), Series D, 5.00% due 7/15/2023 - 1/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1095000 | &nbsp;&nbsp;&nbsp;&nbsp; 1112364 |
|  | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (CWA Authority, Inc. Wastewater System Project), Series A, 5.00% due 10/1/2023 - 10/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1534734 |
|  | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (CWA Authority, Inc.), Series 1, 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1275000 | &nbsp;&nbsp;&nbsp;&nbsp; 1482147 |
|  | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (Department of Transportation), Series C, 5.00% due 6/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 8040000 | &nbsp;&nbsp;&nbsp;&nbsp; 9163132 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Indiana Finance Authority (Republic Services, Inc.), Series B, 2.90% due 5/1/2028 (put 3/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 |
|  | &nbsp;&nbsp;&nbsp;Indiana Municipal Power Agency (Power Supply System), Series A, 5.00% due 1/1/2026 - 1/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 4235000 | &nbsp;&nbsp;&nbsp;&nbsp; 4575048 |
|  | &nbsp;&nbsp;&nbsp;Mount Vernon of Hancock County Multi-School Building Corp. (Insured: State Intercept), 5.00% due 1/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 566159 |
|  | &nbsp;&nbsp;&nbsp;Noblesville Redevelopment Authority, 5.00% due 1/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 325154 |
|  | &nbsp;&nbsp;**Iowa — 1.6%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Iowa Finance Authority (Genesis Health System), 5.00% due 7/1/2024 (pre-refunded 7/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 2350000 | &nbsp;&nbsp;&nbsp;&nbsp; 2372205 |
|  | &nbsp;&nbsp;&nbsp;Iowa Finance Authority (Genesis Health System) ETM, 5.00% due 7/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2017706 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;PEFA, Inc. (Guaranty: Goldman Sachs Group, Inc.), 5.00% due 9/1/2049 (put 9/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp;49000000 | &nbsp;&nbsp;&nbsp;&nbsp; 50453977 |
|  | &nbsp;&nbsp;**Kansas — 0.8%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Kansas (AdventHealth Obligated Group) DFA, Series B, 5.00% due 11/15/2054 (put 11/15/2031) | &nbsp;&nbsp;&nbsp;&nbsp;11315000 | &nbsp;&nbsp;&nbsp;&nbsp; 12525354 |
|  | &nbsp;&nbsp;&nbsp;Kansas DFA, Series SRF, 5.00% due 5/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 765000 | &nbsp;&nbsp;&nbsp;&nbsp; 821645 |
|  | &nbsp;&nbsp;&nbsp;Seward County No. 480 USD GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 9/1/2024 - 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 4020000 | &nbsp;&nbsp;&nbsp;&nbsp; 4237494 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 9/1/2027 (pre-refunded 9/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 2100000 | &nbsp;&nbsp;&nbsp;&nbsp; 2225681 |
|  | &nbsp;&nbsp;&nbsp;Unified Government of Wyandotte County/Kansas City (Utility Systems Improvement), Series A, 5.00% due 9/1/2023 - 9/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1600000 | &nbsp;&nbsp;&nbsp;&nbsp; 1630332 |
|  | &nbsp;&nbsp;&nbsp;Wyandotte County No. 500 (General Improvement) USD GO, Series A, 5.00% due 9/1/2025 - 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5675000 | &nbsp;&nbsp;&nbsp;&nbsp; 6044577 |
|  | &nbsp;&nbsp;**Kentucky — 3.9%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Boone (Duke Energy Kentucky, Inc.), Series A, 3.70% due 8/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4930390 |
|  | &nbsp;&nbsp;&nbsp;Kentucky Economic (Norton Healthcare, Inc.; Insured: Natl-Re) DFA, Series B, Zero Coupon due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4195000 | &nbsp;&nbsp;&nbsp;&nbsp; 4095251 |
|  | &nbsp;&nbsp;&nbsp;Kentucky Public Energy Authority (Guaranty: Morgan Stanley Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 4.00% due 4/1/2048 (put 4/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp;77915000 | &nbsp;&nbsp;&nbsp;&nbsp; 77788856 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 4.00% due 8/1/2052 (put 8/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp;10910000 | &nbsp;&nbsp;&nbsp;&nbsp; 10686301 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 4.00% due 2/1/2050 (put 2/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp;14730000 | &nbsp;&nbsp;&nbsp;&nbsp; 14568839 |
|  | &nbsp;&nbsp;&nbsp;Kentucky State Property & Building Commission, Series A, 5.00% due 6/1/2030 - 6/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3434282 |
|  | &nbsp;&nbsp;&nbsp;Kentucky State Property & Building Commission (Insured: AGM), Series A, 5.00% due 11/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 843031 |
|  | &nbsp;&nbsp;&nbsp;Louisville/Jefferson County Metropolitan Government (Norton Healthcare Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 10/1/2026 - 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4219003 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2775000 | &nbsp;&nbsp;&nbsp;&nbsp; 2805003 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 10/1/2047 (put 10/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 3950000 | &nbsp;&nbsp;&nbsp;&nbsp; 4274765 |
|  | &nbsp;&nbsp;&nbsp;Turnpike Authority of Kentucky (Revitalization Projects), Series B, 5.00% due 7/1/2025 - 7/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5615000 | &nbsp;&nbsp;&nbsp;&nbsp; 5963667 |
|  | &nbsp;&nbsp;**Louisiana — 1.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Shreveport (Insured: AGM) GO, Series A, 5.00% due 3/1/2024 - 3/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5800000 | &nbsp;&nbsp;&nbsp;&nbsp; 6303429 |
|  | &nbsp;&nbsp;&nbsp;City of Shreveport (Water and Sewer System; Insured: BAM), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 8735000 | &nbsp;&nbsp;&nbsp;&nbsp; 8946837 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 12/1/2024 - 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2420000 | &nbsp;&nbsp;&nbsp;&nbsp; 2505341 |
|  | &nbsp;&nbsp;&nbsp;East Baton Rouge Sewerage Commission (Wastewater System Improvements), Series B, 5.00% due 2/1/2023 - 2/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2150000 | &nbsp;&nbsp;&nbsp;&nbsp; 2205632 |
|  | &nbsp;&nbsp;&nbsp;Jefferson Sales Tax District (Insured: AGM), Series A, 5.00% due 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp; 258251 |
|  | &nbsp;&nbsp;&nbsp;Louisiana Energy & Power Authority (LEPA Unit No. 1 Power; Insured: AGM), Series A, 5.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 754516 |
|  | &nbsp;&nbsp;&nbsp;Louisiana Energy & Power Authority (Rodemacher Unit No. 2 Power) ETM, 5.00% due 1/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1740000 | &nbsp;&nbsp;&nbsp;&nbsp; 1740000 |
|  | &nbsp;&nbsp;&nbsp;Louisiana Local Govt Environmental Facilities & Community Development Authority (Louisiana Community & Technical College System), 5.00% due 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 660000 | &nbsp;&nbsp;&nbsp;&nbsp; 715818 |
|  | &nbsp;&nbsp;&nbsp;Louisiana Local Govt Environmental Facilities & Community Development Authority (Louisiana Community & Technical College System; Insured: BAM), 5.00% due 10/1/2025 - 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 9600000 | &nbsp;&nbsp;&nbsp;&nbsp; 10198667 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Louisiana Offshore Terminal Authority (Loop LLC), 1.65% due 9/1/2027 - 9/1/2034 (put 12/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp;16150000 | &nbsp;&nbsp;&nbsp;&nbsp; 15841018 |
|  | &nbsp;&nbsp;&nbsp;Louisiana Public Facilities Authority (Hurricane Recovery Program), 5.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5038575 |
|  | &nbsp;&nbsp;&nbsp;Louisiana Public Facilities Authority (Ochsner Clinic Foundation Obligated Group), Series A, 5.00% due 5/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 875000 | &nbsp;&nbsp;&nbsp;&nbsp; 972339 |
|  | &nbsp;&nbsp;&nbsp;Parish of LaFourche (Roads, Highways & Bridges), 5.00% due 1/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 515000 | &nbsp;&nbsp;&nbsp;&nbsp; 515000 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;State of Louisiana, 5.00% due 9/1/2032 | &nbsp;&nbsp;$1000000 | &nbsp;&nbsp;$1154450 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;State of Louisiana Gasoline & Fuels Tax Revenue, Series A, 3.51% (SOFR + 0.50%) due 5/1/2043 (put 5/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2975000 | &nbsp;&nbsp;&nbsp;&nbsp; 2759800 |
|  | &nbsp;&nbsp;**Maine — 0.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Maine Governmental Facilities Authority (Augusta & Machias Courthouses), Series A, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1445000 | &nbsp;&nbsp;&nbsp;&nbsp; 1468962 |
|  | &nbsp;&nbsp;**Maryland — 0.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Montgomery GO, Series C, 5.00% due 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1062787 |
|  | &nbsp;&nbsp;&nbsp;County of Prince George's GO, Series A, 5.00% due 9/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6110000 | &nbsp;&nbsp;&nbsp;&nbsp; 6627548 |
|  | &nbsp;&nbsp;&nbsp;Maryland Health & Higher Educational Facilities Authority (UPMC Obligated Group), Series B, 5.00% due 4/15/2025 - 4/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 6755000 | &nbsp;&nbsp;&nbsp;&nbsp; 7233664 |
|  | &nbsp;&nbsp;&nbsp;Maryland Stadium Authority Built to Learn Revenue, Series A, 5.00% due 6/1/2029 - 6/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3340000 | &nbsp;&nbsp;&nbsp;&nbsp; 3811268 |
|  | &nbsp;&nbsp;&nbsp;State of Maryland GO, Series B, 5.00% due 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 6955000 | &nbsp;&nbsp;&nbsp;&nbsp; 7196151 |
|  | &nbsp;&nbsp;**Massachusetts — 1.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Massachusetts (Beth Israel Lahey Health Obligated Group) DFA, Series K, 5.00% due 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1080898 |
|  | &nbsp;&nbsp;&nbsp;Massachusetts (CareGroup Healthcare System) DFA, Series I, 5.00% due 7/1/2024 - 7/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 7870000 | &nbsp;&nbsp;&nbsp;&nbsp; 8171062 |
|  | &nbsp;&nbsp;&nbsp;Massachusetts (Insured: BHAC-CR FGIC), 5.50% due 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 8300000 | &nbsp;&nbsp;&nbsp;&nbsp; 9437075 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Massachusetts (Mass General Brigham, Inc.) DFA, Series T-1, 4.26% (MUNIPSA + 0.60%) due 7/1/2049 (put 1/29/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 3750000 | &nbsp;&nbsp;&nbsp;&nbsp; 3694144 |
|  | &nbsp;&nbsp;&nbsp;Massachusetts (Mount Auburn Hospital Health Records System) DFA, Series H-1, 5.00% due 7/1/2023 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;14165000 | &nbsp;&nbsp;&nbsp;&nbsp; 14499360 |
|  | &nbsp;&nbsp;&nbsp;Massachusetts (Simmons University) DFA, Series J, 5.25% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 595000 | &nbsp;&nbsp;&nbsp;&nbsp; 601792 |
|  | &nbsp;&nbsp;**Michigan — 2.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Board of Governors of Wayne State University (Educational Facilities and Equipment), Series A, 5.00% due 11/15/2023 - 11/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1445000 | &nbsp;&nbsp;&nbsp;&nbsp; 1492741 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority ((McLaren Health Care Corp. Obligated Group), 5.00% due 2/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1091486 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (Beaumont Health Credit Group), 5.00% due 8/1/2025 (pre-refunded 8/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp;&nbsp; 8270400 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (Beaumont Health Credit Group) ETM, 5.00% due 8/1/2023 - 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;10800000 | &nbsp;&nbsp;&nbsp;&nbsp; 11073495 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (BHSH System Obligated Group), Series A, 5.00% due 4/15/2028 - 4/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7933994 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (Bronson Health Care Group Obligated Group), Series B, 5.00% due 11/15/2044 (put 11/16/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7338149 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (Henry Ford Health System), 5.00% due 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1595220 |
|  | &nbsp;&nbsp;&nbsp;Michigan Finance Authority (Trinity Health Credit Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3580643 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/1/2024 - 12/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6410179 |
|  | &nbsp;&nbsp;&nbsp;Michigan State Building Authority (Higher Education Facilities Program), Series I-A, 5.00% due 10/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7715000 | &nbsp;&nbsp;&nbsp;&nbsp; 7835462 |
|  | &nbsp;&nbsp;&nbsp;Royal Oak Hospital Finance Authority (William Beaumont Hospital), Series D, 5.00% due 9/1/2024 (pre-refunded 3/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2048090 |
|  | &nbsp;&nbsp;&nbsp;Royal Oak Hospital Finance Authority (William Beaumont Hospital) ETM, Series D, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1240000 | &nbsp;&nbsp;&nbsp;&nbsp; 1257141 |
|  | &nbsp;&nbsp;&nbsp;School District of the City of Dearborn (Insured: Q-SBLF) GO, 4.00% due 5/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 625000 | &nbsp;&nbsp;&nbsp;&nbsp; 626918 |
|  | &nbsp;&nbsp;&nbsp;Wayne County Airport Authority (Insured: BAM), Series A, 5.00% due 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 800000 | &nbsp;&nbsp;&nbsp;&nbsp; 910826 |
|  | &nbsp;&nbsp;&nbsp;Wayne State University, Series A, 5.00% due 11/15/2025 - 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 8775000 | &nbsp;&nbsp;&nbsp;&nbsp; 9309855 |
|  | &nbsp;&nbsp;**Minnesota — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Minnesota Higher Education Facilities Authority, 5.00% due 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 300000 | &nbsp;&nbsp;&nbsp;&nbsp; 332502 |
|  | &nbsp;&nbsp;&nbsp;Minnesota Housing Finance Agency (Collateralized: GNMA, FNMA, FHLMC), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.90% due 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 160000 | &nbsp;&nbsp;&nbsp;&nbsp; 149211 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.95% due 7/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 375000 | &nbsp;&nbsp;&nbsp;&nbsp; 348657 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Minnesota Housing Finance Agency (Residential Single Family Development; Collateralized: GNMA, FNMA, FHLMC), Series H, 4.21% (MUNIPSA + 0.55%) due 7/1/2041 (put 12/12/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 6195000 | &nbsp;&nbsp;&nbsp;&nbsp; 6173064 |
|  | &nbsp;&nbsp;&nbsp;St. Paul Housing and Redevelopment Authority (HealthPartners), Series A, 5.00% due 7/1/2023 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1850000 | &nbsp;&nbsp;&nbsp;&nbsp; 1883746 |
|  | &nbsp;&nbsp;**Mississippi — 0.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Biloxi Public School District (Insured: BAM), 5.00% due 4/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp; 1408620 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;County of Warren, Series A, 1.375% due 5/1/2034 (put 6/16/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 1625000 | &nbsp;&nbsp;&nbsp;&nbsp; 1512361 |
|  | &nbsp;&nbsp;&nbsp;Mississippi Development Bank (City of Gulfport) GO, 4.00% due 9/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 395000 | &nbsp;&nbsp;&nbsp;&nbsp; 408092 |
|  | &nbsp;&nbsp;&nbsp;Mississippi Development Bank (Jackson Public School District; Insured: BAM), 5.00% due 10/1/2024 - 10/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp; 2547444 |
|  | &nbsp;&nbsp;&nbsp;Mississippi Development Bank (MDOT-Harrison County Highway), Series A, 5.00% due 1/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 |
|  | &nbsp;&nbsp;&nbsp;Mississippi Development Bank (MDOT-Madison County Highway), Series C, 5.00% due 1/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 |
|  | &nbsp;&nbsp;**Missouri — 0.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Kansas City GO, Series A, 5.00% due 2/1/2030 - 2/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 2011091 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Health & Educational Facilities Authority of the State of Missouri (BJC Healthcare Obligated Group), Series C, 5.00% due 5/1/2052 (put 5/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 9265000 | &nbsp;&nbsp;&nbsp;&nbsp; 10124227 |
|  | &nbsp;&nbsp;&nbsp;Health & Educational Facilities Authority of the State of Missouri (SSM Health Care Obligated Group), Series A, 5.00% due 6/1/2030 - 6/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3875000 | &nbsp;&nbsp;&nbsp;&nbsp; 4397573 |
|  | &nbsp;&nbsp;**Montana — 0.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Montana Facility Finance Authority (Billings Clinic Obligated Group), Series A, 5.00% due 8/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1150475 |
|  | &nbsp;&nbsp;**Nebraska — 0.5%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Central Plains Energy Project (Guaranty: Goldman Sachs & Co.), Series 1, 5.00% due 5/1/2053 (put 10/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 6575000 | &nbsp;&nbsp;&nbsp;&nbsp; 6816316 |
|  | &nbsp;&nbsp;&nbsp;Central Plains Energy Project (Guaranty: Goldman Sachs Group, Inc.), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 3/1/2050 (put 1/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1007991 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 9/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1215000 | &nbsp;&nbsp;&nbsp;&nbsp; 1276502 |
|  | &nbsp;&nbsp;&nbsp;Douglas County Hospital Authority No. 3 (Nebraska Methodist Health System), 5.00% due 11/1/2023 - 11/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 5310000 | &nbsp;&nbsp;&nbsp;&nbsp; 5473153 |
|  | &nbsp;&nbsp;&nbsp;Gretna Public Schools GO, Series B, 5.00% due 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3185433 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

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| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;**Nevada — 2.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Carson City (Carson Tahoe Regional Healthcare), 5.00% due 9/1/2023 - 9/1/2027 | &nbsp;&nbsp;$1705000 | &nbsp;&nbsp;$1765261 |
|  | &nbsp;&nbsp;&nbsp;Clark County School District (Insured: AGM) GO, Series B, 5.00% due 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1650000 | &nbsp;&nbsp;&nbsp;&nbsp; 1847307 |
|  | &nbsp;&nbsp;&nbsp;Clark County School District (Insured: BAM) GO, Series B, 5.00% due 6/15/2029 - 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 4400000 | &nbsp;&nbsp;&nbsp;&nbsp; 4960408 |
|  | &nbsp;&nbsp;&nbsp;Clark County School District GO, Series A, 5.00% due 6/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4037200 |
|  | &nbsp;&nbsp;&nbsp;County of Washoe GO, 5.00% due 7/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1470000 | &nbsp;&nbsp;&nbsp;&nbsp; 1514910 |
|  | &nbsp;&nbsp;&nbsp;Las Vegas Convention and Visitors Authority, Series C, 5.00% due 7/1/2023 - 7/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3050000 | &nbsp;&nbsp;&nbsp;&nbsp; 3179601 |
|  | &nbsp;&nbsp;&nbsp;Las Vegas Valley Water District GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 6/1/2023 - 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp;56355000 | &nbsp;&nbsp;&nbsp;&nbsp; 58361479 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 12/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp; 21087920 |
|  | &nbsp;&nbsp;**New Jersey — 4.7%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Jersey City (Qualified General Improvement; Insured: BAM) (State Aid Withholding) GO, Series A, 5.00% due 8/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2455000 | &nbsp;&nbsp;&nbsp;&nbsp; 2482869 |
|  | &nbsp;&nbsp;&nbsp;City of Newark GO, Series D, 4.00% due 9/29/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp; 7547917 |
|  | &nbsp;&nbsp;&nbsp;Essex County Improvement Authority (County Correctional Facilities & Gibraltar Facilities; Insured: Natl-Re) GO, 5.50% due 10/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5233580 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (Middlesex Water Co) EDA, Series A, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1521065 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (New Jersey Transit Corp.) EDA, Series A, 5.00% due 11/1/2031 - 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3590000 | &nbsp;&nbsp;&nbsp;&nbsp; 3941309 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (New Jersey Transit Corporation) (State Aid Withholding) EDA, Series B, 5.00% due 11/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp;&nbsp; 8244312 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (New Jersey Transit Corporation) EDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 11/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 40000 | &nbsp;&nbsp;&nbsp;&nbsp; 43599 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 11/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2531888 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (School Facilities Construction) EDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 6/15/2028 - 6/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 5930000 | &nbsp;&nbsp;&nbsp;&nbsp; 6418901 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series- II, 5.00% due 3/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp;&nbsp;&nbsp; 775743 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series NN, 5.00% due 3/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3600000 | &nbsp;&nbsp;&nbsp;&nbsp; 3608899 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series UU, 5.00% due 6/15/2028 (pre-refunded 6/15/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 7930000 | &nbsp;&nbsp;&nbsp;&nbsp; 8174093 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (School Facilities Construction; Insured: Natl-Re) EDA, Series N-1, 5.50% due 9/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp; 3007469 |
|  | &nbsp;&nbsp;&nbsp;New Jersey (State of New Jersey Department of the Treasury) EDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series DDD, 5.00% due 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1571996 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series XX, 5.00% due 6/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1140000 | &nbsp;&nbsp;&nbsp;&nbsp; 1187484 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Educational Facilities Authority (Ramapo College of New Jersey; Insured: AGM), Series A, 5.00% due 7/1/2031 - 7/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 975000 | &nbsp;&nbsp;&nbsp;&nbsp; 1117022 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Health Care Facilities Financing Authority, 5.00% due 7/1/2024 (pre-refunded 1/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 65000 | &nbsp;&nbsp;&nbsp;&nbsp; 66322 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Health Care Facilities Financing Authority (Virtua Health Obligated Group), 5.00% due 7/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 935000 | &nbsp;&nbsp;&nbsp;&nbsp; 953119 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Health Care Facilities Financing Authority (Virtua Health Obligated Group) HFFA, 5.00% due 7/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 535000 | &nbsp;&nbsp;&nbsp;&nbsp; 540058 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/15/2032 - 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4100000 | &nbsp;&nbsp;&nbsp;&nbsp; 4420110 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1200000 | &nbsp;&nbsp;&nbsp;&nbsp; 1311988 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority (Transportation System), Series D, 5.00% due 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5131510 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority (State Transportation System Improvements), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 6/15/2023 - 6/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6100635 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 6/15/2024 - 6/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5190000 | &nbsp;&nbsp;&nbsp;&nbsp; 5438702 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 6/15/2025 - 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;30485000 | &nbsp;&nbsp;&nbsp;&nbsp; 32202439 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority (State Transportation System Improvements; Insured: AMBAC), Series B, 5.25% due 12/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 3545000 | &nbsp;&nbsp;&nbsp;&nbsp; 3605744 |
|  | &nbsp;&nbsp;&nbsp;New Jersey Transportation Trust Fund Authority (Transportation System), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/15/2025 - 6/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;25965000 | &nbsp;&nbsp;&nbsp;&nbsp; 27972425 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series BB-1, 5.00% due 6/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2679548 |
|  | &nbsp;&nbsp;&nbsp;State of New Jersey (COVID-19 GO Emergency Bonds) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1004139 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 6/1/2024 - 6/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;10215000 | &nbsp;&nbsp;&nbsp;&nbsp; 11289623 |
|  | &nbsp;&nbsp;&nbsp;State of New Jersey GO, 5.00% due 6/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp;&nbsp; 2405755 |
|  | &nbsp;&nbsp;**New Mexico — 1.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Albuquerque Municipal School District No 12 (State Aid Withholding) GO, 5.00% due 8/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1112226 |
|  | &nbsp;&nbsp;&nbsp;City of Albuquerque (City Infrastructure Improvements) GO, Series A, 5.00% due 7/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1360000 | &nbsp;&nbsp;&nbsp;&nbsp; 1373509 |
|  | &nbsp;&nbsp;&nbsp;City of Farmington (Public Service Co. of New Mexico), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 0.875% due 6/1/2040 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1788514 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 3.00% due 6/1/2040 (put 6/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4921225 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 1.15% due 6/1/2040 (put 6/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp; 4316427 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 1.10% due 6/1/2040 (put 6/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp;11730000 | &nbsp;&nbsp;&nbsp;&nbsp; 11580759 |
|  | &nbsp;&nbsp;&nbsp;Lea County Public School District No 8 Eunice (State Aid Withholding) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 9/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1041013 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 9/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 650000 | &nbsp;&nbsp;&nbsp;&nbsp; 700797 |
|  | &nbsp;&nbsp;&nbsp;New Mexico Hospital Equipment Loan Council (Presbyterian Healthcare Services Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/1/2031 (pre-refunded 8/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 528510 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1095192 |
|  | &nbsp;&nbsp;&nbsp;New Mexico Hospital Equipment Loan Council (Presbyterian Healthcare Services Obligated Group) ETM, 5.00% due 8/1/2024 - 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1780000 | &nbsp;&nbsp;&nbsp;&nbsp; 1843778 |

---

------

SCHEDULE OF INVESTMENTS, Continued

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| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New Mexico Mortgage Finance Authority (JLG Central 217 LLLP), 0.53% due 11/1/2024 (put 5/1/2024) | &nbsp;&nbsp;$8500000 | &nbsp;&nbsp;$8221072 |
|  | &nbsp;&nbsp;&nbsp;Santa Fe Public School District (State Aid Withholding) GO, 5.00% due 8/1/2029 - 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 5175000 | &nbsp;&nbsp;&nbsp;&nbsp; 5889136 |
|  | &nbsp;&nbsp;&nbsp;Santa Fe Public School District GO, 4.00% due 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1250000 | &nbsp;&nbsp;&nbsp;&nbsp; 1271284 |
|  | &nbsp;&nbsp;**New York — 7.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of New York (City Budget Financial Management) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series G, 5.00% due 8/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 9520000 | &nbsp;&nbsp;&nbsp;&nbsp; 9636182 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series J, 5.00% due 8/1/2023 - 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;33130000 | &nbsp;&nbsp;&nbsp;&nbsp; 33960035 |
|  | &nbsp;&nbsp;&nbsp;City of New York GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B-1, 5.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2366938 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C-1, 5.00% due 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1149067 |
|  | &nbsp;&nbsp;&nbsp;City of Plattsburgh GO, Series B, 4.75% due 11/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7058597 |
|  | &nbsp;&nbsp;&nbsp;City of Yonkers (Insured: AGM) GO, Series A, 5.00% due 2/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 850000 | &nbsp;&nbsp;&nbsp;&nbsp; 951862 |
|  | &nbsp;&nbsp;&nbsp;County of Suffolk (Insured: BAM) GO, Series D, 5.00% due 10/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 790184 |
|  | &nbsp;&nbsp;&nbsp;Manchester-Shortsville Central School District (State Aid Withholding) GO, 4.00% due 8/17/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6017058 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 11/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1265000 | &nbsp;&nbsp;&nbsp;&nbsp; 1300934 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1660000 | &nbsp;&nbsp;&nbsp;&nbsp; 1672918 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1230000 | &nbsp;&nbsp;&nbsp;&nbsp; 1281950 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C-1, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1070000 | &nbsp;&nbsp;&nbsp;&nbsp; 1105992 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 11/15/2028 - 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;16100000 | &nbsp;&nbsp;&nbsp;&nbsp; 16736009 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D-1, 5.00% due 11/15/2028 - 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4990000 | &nbsp;&nbsp;&nbsp;&nbsp; 5149837 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F, 5.00% due 11/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1055000 | &nbsp;&nbsp;&nbsp;&nbsp; 1091124 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Transportation Authority (Green Bond), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A2, 5.00% due 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3450000 | &nbsp;&nbsp;&nbsp;&nbsp; 3598512 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 11/15/2025 - 11/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6650000 | &nbsp;&nbsp;&nbsp;&nbsp; 6910926 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C-1, 5.00% due 11/15/2024 - 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 6840000 | &nbsp;&nbsp;&nbsp;&nbsp; 7075421 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Nassau County Local Economic Assistance Corp. (Park Lake Hempstead L.P.), 0.30% due 11/1/2024 (put 11/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3915324 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New York City Housing Development Corp., Series F, 3.40% due 11/1/2062 (put 12/22/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2496320 |
|  | &nbsp;&nbsp;&nbsp;New York City Municipal Water Finance Authority (New York City Water & Sewer System), Series DD, 5.00% due 6/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;10500000 | &nbsp;&nbsp;&nbsp;&nbsp; 12227995 |
|  | &nbsp;&nbsp;&nbsp;New York City Transitional Finance Authority Future Tax Secured Revenue, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 11/1/2031 - 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 8980000 | &nbsp;&nbsp;&nbsp;&nbsp; 10396115 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A1, 5.00% due 8/1/2031 - 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp; 8979092 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2961020 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C-1, 5.00% due 5/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1153860 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 11/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1063408 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D-1, 5.00% due 11/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 11782600 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F-1, 5.00% due 11/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1039760 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series F5, 5.00% due 2/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 3955322 |
|  | &nbsp;&nbsp;&nbsp;New York City Trust for Cultural Resources (Lincoln Center for the Performing Arts, Inc.), Series A, 5.00% due 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2696593 |
|  | &nbsp;&nbsp;&nbsp;New York State Authority (State of New York Personal Income Tax Revenue), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 3/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 6500000 | &nbsp;&nbsp;&nbsp;&nbsp; 7427218 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A1, 5.00% due 3/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5713245 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (Insured: BAM), Series A, 5.00% due 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 3500000 | &nbsp;&nbsp;&nbsp;&nbsp; 4017087 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (School Districts Financing Program; Insured: AGC) (State Aid Withholding), Series B, 5.25% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 140000 | &nbsp;&nbsp;&nbsp;&nbsp; 140239 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (School Districts Financing Program; Insured: AGM) (State Aid Withholding), Series A, 5.00% due 10/1/2023 - 10/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4500000 | &nbsp;&nbsp;&nbsp;&nbsp; 4600483 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (State of New York Personal Income Tax Revenue), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A1, 5.00% due 3/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 4545000 | &nbsp;&nbsp;&nbsp;&nbsp; 5250911 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 3/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2341726 |
|  | &nbsp;&nbsp;&nbsp;New York State Dormitory Authority (State of New York Sales Tax Revenue), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 3/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 540753 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 3/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 4135000 | &nbsp;&nbsp;&nbsp;&nbsp; 4648513 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New York State Energy Research & Development Authority (New York State Electric & Gas Corp.), Series C, 2.625% due 4/1/2034 (put 7/3/2023) | &nbsp;&nbsp;&nbsp;&nbsp;12225000 | &nbsp;&nbsp;&nbsp;&nbsp; 12124388 |
|  | &nbsp;&nbsp;&nbsp;New York State Thruway Authority (Governor Thomas E. Dewey Thruway), Series K, 5.00% due 1/1/2024 - 1/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3110169 |
|  | &nbsp;&nbsp;&nbsp;New York State Urban Development Corp. (State of New York Personal Income Tax Revenue), Series C-2, 5.00% due 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4715000 | &nbsp;&nbsp;&nbsp;&nbsp; 5162906 |
|  | &nbsp;&nbsp;&nbsp;State of New York Mortgage Agency, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 223, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.85% due 4/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 383388 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.90% due 10/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 815000 | &nbsp;&nbsp;&nbsp;&nbsp; 775598 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.95% due 4/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 944981 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.00% due 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 775000 | &nbsp;&nbsp;&nbsp;&nbsp; 727331 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.05% due 4/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 450000 | &nbsp;&nbsp;&nbsp;&nbsp; 419438 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.25% due 4/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1320000 | &nbsp;&nbsp;&nbsp;&nbsp; 1197297 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.30% due 10/1/2030 | &nbsp;&nbsp;$1110000 | &nbsp;&nbsp;$1001459 |
|  | &nbsp;&nbsp;&nbsp;Triborough Bridge & Tunnel Authority (Metropolitan Transportation Authority Payroll Mobility Tax Revenue) (Green Bond), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A2, 2.00% due 5/15/2045 (put 5/15/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 2535000 | &nbsp;&nbsp;&nbsp;&nbsp; 2509161 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 11/15/2029 - 11/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3464136 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series E, 5.00% due 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2358382 |
|  | &nbsp;&nbsp;&nbsp;Westchester County Local Development Corp. (Miriam Osborn Memorial Home Association Obligated Group), 5.00% due 7/1/2024 - 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1150334 |
|  | &nbsp;&nbsp;**North Carolina — 1.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Charlotte-Mecklenburg Hospital Authority (Atrium Health Obligated Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 1.95% due 1/15/2048 (put 11/1/2029) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 929928 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 1/15/2049 (put 12/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7992656 |
|  | &nbsp;&nbsp;&nbsp;Charlotte-Mecklenburg Hospital Authority (Carolinas HealthCare System), Series A, 5.00% due 1/15/2023 - 1/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4255000 | &nbsp;&nbsp;&nbsp;&nbsp; 4259635 |
|  | &nbsp;&nbsp;&nbsp;City of Charlotte (Equipment Acquisition & Public Facilities) ETM COP, Series C, 5.00% due 12/1/2023 - 12/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 4435000 | &nbsp;&nbsp;&nbsp;&nbsp; 4601317 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Columbus County Industrial Facilities & Pollution Control Financing Authority (International Paper Co.), Series B, 2.00% due 11/1/2033 (put 10/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 1100000 | &nbsp;&nbsp;&nbsp;&nbsp; 1059172 |
|  | &nbsp;&nbsp;&nbsp;County of Buncombe (Primary, Middle School & Community College Facilities), Series A, 5.00% due 6/1/2023 - 6/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1350000 | &nbsp;&nbsp;&nbsp;&nbsp; 1373122 |
|  | &nbsp;&nbsp;&nbsp;County of Dare (Educational Facility Capital Projects), Series A, 5.00% due 6/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 705962 |
|  | &nbsp;&nbsp;&nbsp;County of Randolph, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 550000 | &nbsp;&nbsp;&nbsp;&nbsp; 558501 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 400000 | &nbsp;&nbsp;&nbsp;&nbsp; 406183 |
|  | &nbsp;&nbsp;&nbsp;North Carolina Turnpike Authority, 5.00% due 1/1/2023 - 1/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;13130000 | &nbsp;&nbsp;&nbsp;&nbsp; 13808150 |
|  | &nbsp;&nbsp;&nbsp;State of North Carolina, 5.00% due 3/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 5000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5593365 |
|  | &nbsp;&nbsp;**Ohio — 3.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Akron, Bath and Copley Joint Township Hospital District (Summa Health System Obligated Group), 5.00% due 11/15/2028 - 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2605000 | &nbsp;&nbsp;&nbsp;&nbsp; 2791802 |
|  | &nbsp;&nbsp;&nbsp;Cincinnati City School District Board of Education (Educational Facilities; Insured: Natl-Re) GO, 5.25% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2690000 | &nbsp;&nbsp;&nbsp;&nbsp; 2744150 |
|  | &nbsp;&nbsp;&nbsp;City of Cleveland (Municipal Street System Improvements) GO, Series A, 5.00% due 12/1/2025 - 12/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 7165000 | &nbsp;&nbsp;&nbsp;&nbsp; 7626254 |
|  | &nbsp;&nbsp;&nbsp;City of Cleveland (Parks & Recreation Facilities), Series A3, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 630000 | &nbsp;&nbsp;&nbsp;&nbsp; 639811 |
|  | &nbsp;&nbsp;&nbsp;City of Cleveland (Public Facilities Improvements), Series B1, 5.00% due 10/1/2025 - 10/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2855000 | &nbsp;&nbsp;&nbsp;&nbsp; 3118776 |
|  | &nbsp;&nbsp;&nbsp;City of Cleveland (Public Facilities), Series A1, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1155000 | &nbsp;&nbsp;&nbsp;&nbsp; 1172987 |
|  | &nbsp;&nbsp;&nbsp;City of Toledo (Water System Improvements), 5.00% due 11/15/2023 (pre-refunded 5/15/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1762404 |
|  | &nbsp;&nbsp;&nbsp;City of Toledo OH Water System Revenue, 5.00% due 11/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1143373 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;County of Allen OH Hospital Facilities Revenue (Bon Secours Mercy Health, Inc.), Series B-2, 5.00% due 10/1/2051 (put 6/4/2030) | &nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 11173970 |
|  | &nbsp;&nbsp;&nbsp;County of Cuyahoga (Convention Hotel Project) COP, 5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;17160000 | &nbsp;&nbsp;&nbsp;&nbsp; 17547033 |
|  | &nbsp;&nbsp;&nbsp;County of Cuyahoga (Musical Arts Association), 5.00% due 1/1/2030 - 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 820000 | &nbsp;&nbsp;&nbsp;&nbsp; 908097 |
|  | &nbsp;&nbsp;&nbsp;County of Scioto (Southern Ohio Medical Center), 5.00% due 2/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1695000 | &nbsp;&nbsp;&nbsp;&nbsp; 1733416 |
|  | &nbsp;&nbsp;&nbsp;Franklin County Convention Facilities Authority (Greater Columbus Convention Center) ETM, 5.00% due 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1036851 |
|  | &nbsp;&nbsp;&nbsp;Northeast Ohio Medical University (Insured: BAM), 5.00% due 12/1/2029 - 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1175000 | &nbsp;&nbsp;&nbsp;&nbsp; 1303367 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Ohio Air Quality Development Authority (Duke Energy Corp.), Series B, 4.00% due 9/1/2030 (put 6/1/2027) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3989712 |
|  | &nbsp;&nbsp;&nbsp;Ohio Turnpike & Infrastructure Commission, Series A, 5.00% due 2/15/2027 - 2/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;14555000 | &nbsp;&nbsp;&nbsp;&nbsp; 16054091 |
|  | &nbsp;&nbsp;&nbsp;Ohio Water Development Authority, Series A, 5.00% due 12/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1074638 |
|  | &nbsp;&nbsp;&nbsp;State of Ohio (Cleveland Clinic Health System Obligated Group), Series A, 5.00% due 1/1/2026 - 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp; 1940990 |
|  | &nbsp;&nbsp;&nbsp;State of Ohio GO, Series V, 5.00% due 5/1/2023 - 5/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;24310000 | &nbsp;&nbsp;&nbsp;&nbsp; 26037591 |
|  | &nbsp;&nbsp;&nbsp;Union/Clermont County Township GO, 3.00% due 8/30/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3988344 |
|  | &nbsp;&nbsp;&nbsp;Youngstown City School District (Educational Facilities) (State Aid Withholding) GO, 4.00% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1701064 |
|  | &nbsp;&nbsp;**Oklahoma — 2.0%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Canadian County Educational Facilities Authority (Mustang Public Schools Project) ISD, 5.00% due 9/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1073527 |
|  | &nbsp;&nbsp;&nbsp;Cleveland County Educational Facilities Authority (Moore Public Schools) ISD, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;4.00% due 6/1/2030 - 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 9240000 | &nbsp;&nbsp;&nbsp;&nbsp; 9871538 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5355000 | &nbsp;&nbsp;&nbsp;&nbsp; 5386161 |
|  | &nbsp;&nbsp;&nbsp;Cleveland County Educational Facilities Authority (Norman Public Schools) ISD, 5.00% due 6/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 4250000 | &nbsp;&nbsp;&nbsp;&nbsp; 4352455 |
|  | &nbsp;&nbsp;&nbsp;Clinton Public Works Authority, 5.00% due 10/1/2029 - 10/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4295000 | &nbsp;&nbsp;&nbsp;&nbsp; 4757460 |
|  | &nbsp;&nbsp;&nbsp;Cushing Educational Facilities Authority (Payne County No 67 Cushing) ISD, 5.00% due 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;14000000 | &nbsp;&nbsp;&nbsp;&nbsp; 15647884 |
|  | &nbsp;&nbsp;&nbsp;Muskogee Industrial Trust (Muskogee County No. 20) ISD, 5.00% due 9/1/2024 - 9/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3950000 | &nbsp;&nbsp;&nbsp;&nbsp; 4110657 |
|  | &nbsp;&nbsp;&nbsp;Oklahoma (INTEGRIS Health) DFA, Series A, 5.00% due 8/15/2023 - 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3725000 | &nbsp;&nbsp;&nbsp;&nbsp; 3807541 |
|  | &nbsp;&nbsp;&nbsp;Oklahoma County Finance Authority (Midwest City Public Service) ISD, 5.00% due 10/1/2023 - 10/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2490000 | &nbsp;&nbsp;&nbsp;&nbsp; 2571497 |
|  | &nbsp;&nbsp;&nbsp;Pontotoc County Educational Facilities Authority (ADA Public Schools Project), 4.00% due 9/1/2026 - 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2125000 | &nbsp;&nbsp;&nbsp;&nbsp; 2182214 |
|  | &nbsp;&nbsp;&nbsp;Rogers County Educational Facilities Authority (School District No 2 Catoosa), 5.00% due 9/1/2029 - 9/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp;12000000 | &nbsp;&nbsp;&nbsp;&nbsp; 13505268 |
|  | &nbsp;&nbsp;**Oregon — 0.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Hillsboro School District No. 1J (School Capital Improvements) (State Aid Withholding) GO, 5.00% due 6/15/2025 - 6/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 9130000 | &nbsp;&nbsp;&nbsp;&nbsp; 9830012 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Oregon Health & Science University (Oregon Health & Science University Obligated Group), Series B-2, 5.00% due 7/1/2046 (put 2/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp;11780000 | &nbsp;&nbsp;&nbsp;&nbsp; 13720708 |
|  | &nbsp;&nbsp;&nbsp;Tri-County Metropolitan Transportation District of Oregon, Series A, 5.00% due 10/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2845000 | &nbsp;&nbsp;&nbsp;&nbsp; 3131218 |
|  | &nbsp;&nbsp;**Pennsylvania — 8.2%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Higher Education Building Authority (Duquesne University of the Holy Spirit), Series A, 5.00% due 3/1/2023 - 3/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1945000 | &nbsp;&nbsp;&nbsp;&nbsp; 1994902 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Hospital Development Authority (UPMC Obligated Group), Series A, 5.00% due 7/15/2025 - 7/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 7095000 | &nbsp;&nbsp;&nbsp;&nbsp; 7721278 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority (2015 Capital Project), 5.00% due 12/1/2023 - 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;19150000 | &nbsp;&nbsp;&nbsp;&nbsp; 19626153 |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority (2015 Capital Project; Insured: BAM), 5.00% due 12/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1061676 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Allegheny County Sanitary Authority (Insured: BAM), 5.00% due 12/1/2029 | &nbsp;&nbsp;$2830000 | &nbsp;&nbsp;$3004336 |
|  | &nbsp;&nbsp;&nbsp;Bethlehem Area School District Authority (State Aid Withholding), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 3.231% (SOFR + 0.35%) due 1/1/2030 (put 11/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 2990000 | &nbsp;&nbsp;&nbsp;&nbsp; 2779525 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 3.231% (SOFR + 0.35%) due 1/1/2032 (put 11/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 2990000 | &nbsp;&nbsp;&nbsp;&nbsp; 2894568 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia (Insured: AGM) GO, 5.00% due 8/1/2025 - 8/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;28685000 | &nbsp;&nbsp;&nbsp;&nbsp; 30528795 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia (Pennsylvania Gas Works), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 13, 5.00% due 8/1/2023 - 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 9700000 | &nbsp;&nbsp;&nbsp;&nbsp; 9932780 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series 14, 5.00% due 10/1/2023 - 10/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2200000 | &nbsp;&nbsp;&nbsp;&nbsp; 2291283 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia (Pennsylvania Gas Works; Insured: AGM), Series A, 5.00% due 8/1/2030 - 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1972917 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia Airport Revenue, Series A, 5.00% due 7/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 841919 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia GO, Series A, 5.00% due 8/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;10710000 | &nbsp;&nbsp;&nbsp;&nbsp; 11286819 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia IDA, 5.00% due 5/1/2024 - 5/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2975000 | &nbsp;&nbsp;&nbsp;&nbsp; 3149788 |
|  | &nbsp;&nbsp;&nbsp;City of Philadelphia Water & Wastewater Revenue, 5.00% due 10/1/2024 - 10/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 5455000 | &nbsp;&nbsp;&nbsp;&nbsp; 5733498 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth Financing Authority (Tobacco Master Settlement), 5.00% due 6/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 930000 | &nbsp;&nbsp;&nbsp;&nbsp; 936814 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania (Capital Facilities) GO, Series D, 5.00% due 8/15/2023 - 8/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;39450000 | &nbsp;&nbsp;&nbsp;&nbsp; 40753180 |
|  | &nbsp;&nbsp;&nbsp;Commonwealth of Pennsylvania GO, 5.00% due 7/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;12930000 | &nbsp;&nbsp;&nbsp;&nbsp; 14584587 |
|  | &nbsp;&nbsp;&nbsp;County of Luzerne (Insured: AGM) GO, Series A, 5.00% due 11/15/2023 - 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 6600000 | &nbsp;&nbsp;&nbsp;&nbsp; 6758097 |
|  | &nbsp;&nbsp;&nbsp;Cumberland County Municipal Authority (Penn State Health Obligated Group), 5.00% due 11/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 925000 | &nbsp;&nbsp;&nbsp;&nbsp; 1028234 |
|  | &nbsp;&nbsp;&nbsp;Geisinger Authority (Geisinger Health System Obligated group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 4/1/2043 (put 2/15/2027) | &nbsp;&nbsp;&nbsp;&nbsp;11205000 | &nbsp;&nbsp;&nbsp;&nbsp; 11819325 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 4/1/2043 (put 4/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 3475000 | &nbsp;&nbsp;&nbsp;&nbsp; 3805295 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County Solid Waste Management Authority (Harrisburg Resource Recovery Facility), Series A, 5.25% due 12/15/2024 (pre-refunded 12/15/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 4770000 | &nbsp;&nbsp;&nbsp;&nbsp; 4872999 |
|  | &nbsp;&nbsp;&nbsp;Lancaster County Solid Waste Management Authority (Harrisburg Resource Recovery Facility) ETM, Series A, 5.00% due 12/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2680000 | &nbsp;&nbsp;&nbsp;&nbsp; 2728889 |
|  | &nbsp;&nbsp;&nbsp;Luzerne County (Insured: AGM) IDA GO, 5.00% due 12/15/2023 - 12/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4045000 | &nbsp;&nbsp;&nbsp;&nbsp; 4206457 |
|  | &nbsp;&nbsp;&nbsp;Monroeville Finance Authority (UPMC Obligated Group), Series B, 5.00% due 2/15/2030 - 2/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2799838 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education & Health Authority (Thomas Jefferson University Obligated Group), 5.00% due 9/1/2027 - 9/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 2775000 | &nbsp;&nbsp;&nbsp;&nbsp; 3011746 |
|  | &nbsp;&nbsp;&nbsp;Montgomery County Higher Education and Health Authority (Thomas Jefferson University Obligated Group), 5.00% due 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 700000 | &nbsp;&nbsp;&nbsp;&nbsp; 754513 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania (UPMC Obligated Group) EDFA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 3/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 220000 | &nbsp;&nbsp;&nbsp;&nbsp; 233575 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2310000 | &nbsp;&nbsp;&nbsp;&nbsp; 2477969 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 4/15/2024 - 4/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;10095000 | &nbsp;&nbsp;&nbsp;&nbsp; 10965635 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Pennsylvania (Waste Management Obligated Group; Guaranty: Waste Management, Inc.) EDFA, 0.95% due 12/1/2033 (put 12/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp;19000000 | &nbsp;&nbsp;&nbsp;&nbsp; 17752346 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Higher Educational Facilities Authority (University of Pennsylvania Health System), Series A, 5.00% due 8/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1095908 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Housing Finance Agency, Series 137, 5.00% due 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 365000 | &nbsp;&nbsp;&nbsp;&nbsp; 395854 |
|  | &nbsp;&nbsp;&nbsp;Pennsylvania Turnpike Commission, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A-1, 5.00% due 12/1/2025 - 12/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4319137 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 12/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 571661 |
|  | &nbsp;&nbsp;&nbsp;Philadelphia Municipal Authority (Juvenile Justice Services Center), 5.00% due 4/1/2023 - 4/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 6125000 | &nbsp;&nbsp;&nbsp;&nbsp; 6343661 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh Water and Sewer Authority, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 9/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7365000 | &nbsp;&nbsp;&nbsp;&nbsp; 7451428 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 9/1/2024 (pre-refunded 9/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 2395000 | &nbsp;&nbsp;&nbsp;&nbsp; 2426643 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh Water and Sewer Authority (Insured: AGM), Series B, 5.00% due 9/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1142555 |
|  | &nbsp;&nbsp;&nbsp;Pittsburgh Water and Sewer Authority ETM, Series B, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2520000 | &nbsp;&nbsp;&nbsp;&nbsp; 2551487 |
|  | &nbsp;&nbsp;&nbsp;Plum Borough School District (Insured: BAM) (State Aid Withholding) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 9/15/2023 - 9/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3380000 | &nbsp;&nbsp;&nbsp;&nbsp; 3424193 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 9/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 470000 | &nbsp;&nbsp;&nbsp;&nbsp; 476127 |
|  | &nbsp;&nbsp;&nbsp;School District of Philadelphia (State Aid Withholding) GO, Series A, 5.00% due 9/1/2023 - 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 2400000 | &nbsp;&nbsp;&nbsp;&nbsp; 2505533 |
|  | &nbsp;&nbsp;&nbsp;Southeastern Pennsylvania Transportation Authority, 5.00% due 6/1/2025 - 6/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 5900000 | &nbsp;&nbsp;&nbsp;&nbsp; 6313104 |
|  | &nbsp;&nbsp;&nbsp;Sports & Exhibition Authority of Pittsburgh and Allegheny County (Allegheny County Hotel Room Excise Tax Revenue; Insured: AGM), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.00% due 2/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp; 1817786 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 2/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4481840 |
|  | &nbsp;&nbsp;&nbsp;State Public School Building Authority (School District of Philadelphia; Insured: AGM) (State Aid Withholding), Series A, 5.00% due 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 3550000 | &nbsp;&nbsp;&nbsp;&nbsp; 3797435 |
|  | &nbsp;&nbsp;**Rhode Island — 0.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Rhode Island Clean Water Finance Agency (Public Drinking Water Supply or Treatment Facilities), Series B, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2380000 | &nbsp;&nbsp;&nbsp;&nbsp; 2416404 |
|  | &nbsp;&nbsp;&nbsp;Rhode Island Health and Educational Building Corp. (University of Rhode Island Auxiliary Enterprise), Series C, 5.00% due 9/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1400000 | &nbsp;&nbsp;&nbsp;&nbsp; 1416800 |
|  | &nbsp;&nbsp;&nbsp;Rhode Island Health and Educational Building Corp. (University of Rhode Island), Series B, 5.00% due 9/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 525058 |
|  | &nbsp;&nbsp;&nbsp;Rhode Island Housing and Mortgage Finance Corp, Series 76-A, 5.00% due 4/1/2029 - 10/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 355000 | &nbsp;&nbsp;&nbsp;&nbsp; 391826 |
|  | &nbsp;&nbsp;&nbsp;State of Rhode Island and Providence Plantations (Information Technology) COP, Series C, 5.00% due 11/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 3010000 | &nbsp;&nbsp;&nbsp;&nbsp; 3123068 |
|  | &nbsp;&nbsp;&nbsp;State of Rhode Island and Providence Plantations (Kent County Courthouse) COP, Series A, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1521973 |
|  | &nbsp;&nbsp;&nbsp;State of Rhode Island and Providence Plantations (Training School) COP, Series B, 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1705000 | &nbsp;&nbsp;&nbsp;&nbsp; 1729977 |
|  | &nbsp;&nbsp;**South Carolina — 0.5%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Beaufort-Jasper Water & Sewer Authority (Waterworks & Sewer System), Series B, 5.00% due 3/1/2023 - 3/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3075066 |
|  | &nbsp;&nbsp;&nbsp;Berkeley County School District (School Facility Equipment Acquisition), 5.00% due 12/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2081206 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;City of Charleston Public Facilities Corp. (City of Charleston Project), Series A, 5.00% due 9/1/2023 - 9/1/2025 | &nbsp;&nbsp;$1275000 | &nbsp;&nbsp;$1333569 |
|  | &nbsp;&nbsp;&nbsp;County of Charleston (South Aviation Avenue Construction), 5.00% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2460000 | &nbsp;&nbsp;&nbsp;&nbsp; 2505716 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Patriots Energy Group Financing Agency (Guaranty: Royal Bank of Canada), Series A, 4.00% due 10/1/2048 (put 2/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 6755000 | &nbsp;&nbsp;&nbsp;&nbsp; 6749319 |
|  | &nbsp;&nbsp;&nbsp;SCAGO Educational Facilities Corp. (School District of Pickens County), 5.00% due 12/1/2023 - 12/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3010000 | &nbsp;&nbsp;&nbsp;&nbsp; 3108599 |
|  | &nbsp;&nbsp;**South Dakota — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Lawrence (Insured: AGM) COP, 5.00% due 12/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 100000 | &nbsp;&nbsp;&nbsp;&nbsp; 111834 |
|  | &nbsp;&nbsp;&nbsp;South Dakota Building Authority, Series B, 5.00% due 6/1/2024 (pre-refunded 6/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1007367 |
|  | &nbsp;&nbsp;&nbsp;South Dakota Health & Educational Facilities Authority (Monument Health Obligated Group), 5.00% due 9/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1612444 |
|  | &nbsp;&nbsp;&nbsp;South Dakota Health & Educational Facilities Authority (Sanford Health), 5.00% due 11/1/2024 - 11/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1405000 | &nbsp;&nbsp;&nbsp;&nbsp; 1468087 |
|  | &nbsp;&nbsp;**Tennessee — 0.9%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Health Educational and Housing Facility Board of the City of Memphis (Memphis Towers TC L.P.), 3.40% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1750000 | &nbsp;&nbsp;&nbsp;&nbsp; 1746376 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Knox County Health Educational & Housing Facility Board (Gleason Partners L.P.), 3.95% due 12/1/2027 (put 12/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1517297 |
|  | &nbsp;&nbsp;&nbsp;Shelby County Health Educational & Housing Facilities Board (Methodist Le Bonheur Obligated Group), Series A, 5.00% due 5/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1990000 | &nbsp;&nbsp;&nbsp;&nbsp; 2138008 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Tennessee Energy Acquisition Corp. (The Tennessee Energy Acquisition Corp.; Guaranty: Goldman Sachs Group, Inc.), Series A, 5.00% due 5/1/2052 (put 11/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp;23000000 | &nbsp;&nbsp;&nbsp;&nbsp; 24205430 |
|  | &nbsp;&nbsp;**Texas — 13.4%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Amarillo Junior College District GO, 5.00% due 2/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 2325000 | &nbsp;&nbsp;&nbsp;&nbsp; 2658926 |
|  | &nbsp;&nbsp;&nbsp;Arlington Higher Education Finance Corp (Riverwalk Education Foundation, Inc.) (Insured: PSF-GTD), 5.00% due 8/15/2029 - 8/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1130000 | &nbsp;&nbsp;&nbsp;&nbsp; 1249476 |
|  | &nbsp;&nbsp;&nbsp;Bexar County Hospital District (University Health System) GO, 5.00% due 2/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1065716 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Boerne School District (Insured: PSF-GTD) ISD GO, 2.80% due 12/1/2051 (put 12/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3998580 |
|  | &nbsp;&nbsp;&nbsp;City of Beaumont (Waterworks & Sewer System Improvements; Insured: AGM), Series A, 5.00% due 9/1/2023 - 9/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7500000 | &nbsp;&nbsp;&nbsp;&nbsp; 7596732 |
|  | &nbsp;&nbsp;&nbsp;City of Beaumont GO, 5.00% due 3/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1930000 | &nbsp;&nbsp;&nbsp;&nbsp; 2059005 |
|  | &nbsp;&nbsp;&nbsp;City of Brownsville (Water, Wastewater & Electric Utilities Systems), Series A, 5.00% due 9/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2380000 | &nbsp;&nbsp;&nbsp;&nbsp; 2408572 |
|  | &nbsp;&nbsp;&nbsp;City of Dallas (Public Improvements) GO, 5.00% due 2/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3136296 |
|  | &nbsp;&nbsp;&nbsp;City of Dallas (Trinity River Corridor Infrastructure) GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 2/15/2024 - 2/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;20640000 | &nbsp;&nbsp;&nbsp;&nbsp; 21111222 |
| **<sup>c</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 2/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;10235000 | &nbsp;&nbsp;&nbsp;&nbsp; 10257589 |
|  | &nbsp;&nbsp;&nbsp;City of Houston (Airport System), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 7/1/2025 - 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 9105000 | &nbsp;&nbsp;&nbsp;&nbsp; 9808736 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 7/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3355000 | &nbsp;&nbsp;&nbsp;&nbsp; 3661932 |
|  | &nbsp;&nbsp;&nbsp;City of Houston (Combined Utility System), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 5.00% due 5/15/2023 - 5/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;11695000 | &nbsp;&nbsp;&nbsp;&nbsp; 11923615 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 11/15/2023 - 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp; 10276865 |
|  | &nbsp;&nbsp;&nbsp;City of Houston (Public Improvements) GO, Series A, 5.00% due 3/1/2023 - 3/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;48505000 | &nbsp;&nbsp;&nbsp;&nbsp; 50949145 |
|  | &nbsp;&nbsp;&nbsp;City of Houston GO, Series A, 5.00% due 3/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2635000 | &nbsp;&nbsp;&nbsp;&nbsp; 2950056 |
|  | &nbsp;&nbsp;&nbsp;City of Laredo (City Infrastructure Improvements) GO, Series A, 5.00% due 2/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 533865 |
|  | &nbsp;&nbsp;&nbsp;City of Laredo (Sports Venues; Insured: AGM) ETM, 5.00% due 3/15/2023 - 3/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1800000 | &nbsp;&nbsp;&nbsp;&nbsp; 1811891 |
|  | &nbsp;&nbsp;&nbsp;City of Lubbock (Waterworks System) GO, 5.00% due 2/15/2023 - 2/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp;27040000 | &nbsp;&nbsp;&nbsp;&nbsp; 27845071 |
|  | &nbsp;&nbsp;&nbsp;City of Mansfield GO, Series A, 5.00% due 2/15/2031 - 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1753265 |
|  | &nbsp;&nbsp;&nbsp;City of McAllen (International Toll Bridge System; Insured: AGM), Series A, 5.00% due 3/1/2024 - 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 3015000 | &nbsp;&nbsp;&nbsp;&nbsp; 3134410 |
|  | &nbsp;&nbsp;&nbsp;City of San Antonio (Public Facilities Corp.), 5.00% due 9/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2155000 | &nbsp;&nbsp;&nbsp;&nbsp; 2486348 |
|  | &nbsp;&nbsp;&nbsp;City of San Antonio (San Antonio Water System), Series A, 5.00% due 5/15/2023 - 5/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1625000 | &nbsp;&nbsp;&nbsp;&nbsp; 1712490 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;City of San Antonio Electric & Gas Systems Revenue, Series A, 1.75% due 2/1/2033 (put 12/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 6995000 | &nbsp;&nbsp;&nbsp;&nbsp; 6855086 |
|  | &nbsp;&nbsp;&nbsp;City of San Antonio TX Electric & Gas Systems Revenue, 5.25% due 2/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1049481 |
|  | &nbsp;&nbsp;&nbsp;City of San Antonio TX Electric & Gas Systems Revenue (CPS Energy), 5.25% due 2/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7171199 |
|  | &nbsp;&nbsp;&nbsp;Clifton Higher Education Finance Corp. (Idea Public Schools), 5.00% due 8/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 295000 | &nbsp;&nbsp;&nbsp;&nbsp; 297149 |
|  | &nbsp;&nbsp;&nbsp;Clifton Higher Education Finance Corp. (Idea Public Schools; Insured: PSF-GTD), Series T, 5.00% due 8/15/2028 - 8/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 835000 | &nbsp;&nbsp;&nbsp;&nbsp; 922376 |
|  | &nbsp;&nbsp;&nbsp;Cotulla ISD (Insured PSF-GTD) GO, 5.00% due 2/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1115000 | &nbsp;&nbsp;&nbsp;&nbsp; 1286111 |
|  | &nbsp;&nbsp;&nbsp;Cotulla ISD (Insured: PSF-GTD) GO, 5.00% due 2/15/2029 - 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 3910000 | &nbsp;&nbsp;&nbsp;&nbsp; 4470167 |
|  | &nbsp;&nbsp;&nbsp;County of Bexar GO, 4.00% due 6/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2750000 | &nbsp;&nbsp;&nbsp;&nbsp; 2823639 |
|  | &nbsp;&nbsp;&nbsp;County of Harris (Tax Road) GO, Series A, 5.00% due 10/1/2026 - 10/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 7885000 | &nbsp;&nbsp;&nbsp;&nbsp; 8638723 |
|  | &nbsp;&nbsp;&nbsp;County of Harris (Texas Permanent Improvement) GO, Series A, 5.00% due 10/1/2025 - 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;11565000 | &nbsp;&nbsp;&nbsp;&nbsp; 12605593 |
|  | &nbsp;&nbsp;&nbsp;County of Hays GO, 5.00% due 2/15/2023 - 2/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3300000 | &nbsp;&nbsp;&nbsp;&nbsp; 3357013 |
|  | &nbsp;&nbsp;&nbsp;County of La Salle (Insured: AGM) GO, 5.00% due 3/1/2023 - 3/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;18075000 | &nbsp;&nbsp;&nbsp;&nbsp; 19058838 |
|  | &nbsp;&nbsp;&nbsp;Dallas County Utility & Reclamation District GO, 5.00% due 2/15/2024 - 2/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 3870000 | &nbsp;&nbsp;&nbsp;&nbsp; 4002001 |
|  | &nbsp;&nbsp;&nbsp;Dallas Fort Worth International Airport, Series A, 5.00% due 11/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1100751 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Denton (Insured: PSF-GTD) ISD GO, Series B, 2.00% due 8/1/2044 (pre-refunded 8/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 340000 | &nbsp;&nbsp;&nbsp;&nbsp; 335254 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Fort Bend (Insured: PSF-GTD) ISD GO, Series B, 3.00% due 8/1/2052 (put 8/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 7000000 | &nbsp;&nbsp;&nbsp;&nbsp; 7002219 |
|  | &nbsp;&nbsp;&nbsp;Gulf Coast Waste Disposal Authority (Bayport Area Wastewater Treatment System; Insured: AGM), 5.00% due 10/1/2023 - 10/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1850000 | &nbsp;&nbsp;&nbsp;&nbsp; 1927199 |
|  | &nbsp;&nbsp;&nbsp;Harris County (Flood Control) GO, Series A, 5.00% due 10/1/2026 - 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp;12305000 | &nbsp;&nbsp;&nbsp;&nbsp; 13480968 |
|  | &nbsp;&nbsp;&nbsp;Harris County Cultural Education Facilities Finance Corp. (Memorial Hermann Health System Obligated Group), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 12/1/2023 - 12/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 6245000 | &nbsp;&nbsp;&nbsp;&nbsp; 6448676 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 6/1/2050 (put 12/1/2028) | &nbsp;&nbsp;&nbsp;&nbsp; 2250000 | &nbsp;&nbsp;&nbsp;&nbsp; 2468587 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C-3, 5.00% due 6/1/2032 (put 12/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp; 1300000 | &nbsp;&nbsp;&nbsp;&nbsp; 1389894 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;Harris County Cultural Education Facilities Finance Corp. (TECO Project), 5.00% due 11/15/2023 - 11/15/2027 | &nbsp;&nbsp;$4800000 | &nbsp;&nbsp;$5127506 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Harris County Cultural Education Facilities Finance Corp. (Texas Children's Hospital Obligated Group), Series B, 5.00% due 10/1/2051 (put 10/1/2031) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2258890 |
|  | &nbsp;&nbsp;&nbsp;Harris County-Houston Sports Authority (Insured: AGM), Series A, 5.00% due 11/15/2023 - 11/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;17905000 | &nbsp;&nbsp;&nbsp;&nbsp; 18326859 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Houston (Insured: PSF-GTD) ISD GO, Series B, 3.00% due 6/1/2036 (put 6/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1505175 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Houston Housing Finance Corp (Sunset Gardens Preservation LP), 4.00% due 10/1/2025 (put 10/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 6000000 | &nbsp;&nbsp;&nbsp;&nbsp; 6044124 |
|  | &nbsp;&nbsp;&nbsp;Katy (Educational Facilities Improvements; Insured: PSF-GTD) ISD GO, Series A, 5.00% due 2/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 2955000 | &nbsp;&nbsp;&nbsp;&nbsp; 3156983 |
|  | &nbsp;&nbsp;&nbsp;Laredo Community College District (School Facilities Improvements) GO, 5.00% due 8/1/2023 - 8/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1325000 | &nbsp;&nbsp;&nbsp;&nbsp; 1355857 |
|  | &nbsp;&nbsp;&nbsp;Lower Colorado River Authority, 5.00% due 5/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 725000 | &nbsp;&nbsp;&nbsp;&nbsp; 743013 |
|  | &nbsp;&nbsp;&nbsp;Lower Colorado River Authority (LCRA Transmission Services Corp.), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 575000 | &nbsp;&nbsp;&nbsp;&nbsp; 657799 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 5/15/2031 - 5/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 900000 | &nbsp;&nbsp;&nbsp;&nbsp; 1040981 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 5/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 350000 | &nbsp;&nbsp;&nbsp;&nbsp; 412310 |
|  | &nbsp;&nbsp;&nbsp;Lubbock Electric Light & Power System Revenue, 5.00% due 4/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1130661 |
|  | &nbsp;&nbsp;&nbsp;Metropolitan Transit Authority of Harris County, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 11/1/2023 - 11/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp;16400000 | &nbsp;&nbsp;&nbsp;&nbsp; 17646795 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series D, 5.00% due 11/1/2023 - 11/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 5605000 | &nbsp;&nbsp;&nbsp;&nbsp; 5918310 |
|  | &nbsp;&nbsp;&nbsp;North East (Insured: PSF-GTD) ISD GO, |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;2.20% due 8/1/2049 (put 8/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2972358 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series C, 2.05% due 8/1/2046 (put 8/1/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 4200000 | &nbsp;&nbsp;&nbsp;&nbsp; 4179445 |
|  | &nbsp;&nbsp;&nbsp;North Harris County Regional Water Authority (Regional Water Production Design, Acquisition and Construction), 5.00% due 12/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1490000 | &nbsp;&nbsp;&nbsp;&nbsp; 1608522 |
|  | &nbsp;&nbsp;&nbsp;Prosper (Insured: PSF-GTD) ISD GO, 5.00% due 2/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 1000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1170594 |
|  | &nbsp;&nbsp;&nbsp;Round Rock (Educational Facilities Improvements) ISD GO, 5.00% due 8/1/2026 - 8/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2100000 | &nbsp;&nbsp;&nbsp;&nbsp; 2296396 |
|  | &nbsp;&nbsp;&nbsp;Round Rock (Educational Facilities Improvements; Insured: PSF-GTD) ISD GO, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1575000 | &nbsp;&nbsp;&nbsp;&nbsp; 1667673 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/1/2028 - 8/1/2029 (pre-refunded 8/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 5820000 | &nbsp;&nbsp;&nbsp;&nbsp; 6144785 |
|  | &nbsp;&nbsp;&nbsp;San Antonio (Insured: PSF-GTD) ISD GO, 5.00% due 8/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2080000 | &nbsp;&nbsp;&nbsp;&nbsp; 2453516 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;San Antonio Housing Trust Finance Corp. (Arbors at West Avenue L.P.), 1.45% due 3/1/2026 (put 3/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1455959 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;San Antonio Housing Trust Public Facility Corp. (PV Country Club Village LP), 4.00% due 8/1/2026 (put 8/1/2025) | &nbsp;&nbsp;&nbsp;&nbsp; 3000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3077640 |
|  | &nbsp;&nbsp;&nbsp;Stephen F Austin State University, 5.00% due 10/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1445000 | &nbsp;&nbsp;&nbsp;&nbsp; 1494087 |
|  | &nbsp;&nbsp;&nbsp;Tarrant County College District GO, 5.00% due 8/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2956317 |
|  | &nbsp;&nbsp;&nbsp;Tarrant County Cultural Education Facilities Finance Corp. (Christus Health Obligated Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series A, 5.00% due 7/1/2053 (put 7/1/2032) | &nbsp;&nbsp;&nbsp;&nbsp; 2520000 | &nbsp;&nbsp;&nbsp;&nbsp; 2781332 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series B, 5.00% due 7/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1975000 | &nbsp;&nbsp;&nbsp;&nbsp; 2121681 |
|  | &nbsp;&nbsp;&nbsp;Tarrant County Cultural Education Facilities Finance Corp. (Methodist Hospitals of Dallas Obligated Group), 5.00% due 10/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 770000 | &nbsp;&nbsp;&nbsp;&nbsp; 887045 |
|  | &nbsp;&nbsp;&nbsp;Tarrant Regional Water District, Series A, 5.00% due 3/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2135492 |
|  | &nbsp;&nbsp;&nbsp;Texas Municipal Gas Acquisition & Supply Corp. III (Guaranty: Macquarie Group Ltd.), 5.00% due 12/15/2023 - 12/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;45900000 | &nbsp;&nbsp;&nbsp;&nbsp; 47792176 |
|  | &nbsp;&nbsp;&nbsp;Texas State Technical College (Insured: AGM), |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series A, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.00% due 8/1/2031 - 8/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 4250000 | &nbsp;&nbsp;&nbsp;&nbsp; 4837903 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25% due 8/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 2300000 | &nbsp;&nbsp;&nbsp;&nbsp; 2662751 |
|  | &nbsp;&nbsp;&nbsp;Texas State University System, Series A, 4.00% due 3/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 1050000 | &nbsp;&nbsp;&nbsp;&nbsp; 1127861 |
|  | &nbsp;&nbsp;&nbsp;Texas Transportation Commission (Central Texas Turnpike System), Series C, 5.00% due 8/15/2023 - 8/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1730000 | &nbsp;&nbsp;&nbsp;&nbsp; 1760690 |
|  | &nbsp;&nbsp;&nbsp;Texas Transportation Commission State Highway Fund, Series A, 5.00% due 4/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 1650000 | &nbsp;&nbsp;&nbsp;&nbsp; 1693999 |
|  | &nbsp;&nbsp;&nbsp;Texas Woman's University, Series A, 5.00% due 7/1/2031 - 7/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 4275000 | &nbsp;&nbsp;&nbsp;&nbsp; 4922321 |
|  | &nbsp;&nbsp;&nbsp;Walnut Creek Special Utility District (Water System Improvements; Insured: BAM), 5.00% due 1/10/2024 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 765062 |
|  | &nbsp;&nbsp;**Utah — 0.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Utah Telecommunication Open Infrastructure Agency, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.00% due 6/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 600000 | &nbsp;&nbsp;&nbsp;&nbsp; 680072 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;5.25% due 6/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 577098 |
|  | &nbsp;&nbsp;&nbsp;Utah Transit Authority (Integrated Mass Transit System), Series A, 5.00% due 6/15/2023 - 6/15/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 2835000 | &nbsp;&nbsp;&nbsp;&nbsp; 2931918 |
|  | &nbsp;&nbsp;**Virginia — 1.1%** |  |  |
|  | &nbsp;&nbsp;&nbsp;County of Fairfax (State Aid Withholding) GO, Series A, 4.50% due 10/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4975000 | &nbsp;&nbsp;&nbsp;&nbsp; 5420566 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Halifax County IDA, Series A, 1.65% due 12/1/2041 (put 5/31/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 1951936 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Roanoke (Carilion Clinic Obligated Group) EDA, 5.00% due 7/1/2053 (put 7/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp;12960000 | &nbsp;&nbsp;&nbsp;&nbsp; 14488943 |
|  | &nbsp;&nbsp;&nbsp;Virginia Commonwealth Transportation Board, 5.00% due 9/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 3945000 | &nbsp;&nbsp;&nbsp;&nbsp; 4350120 |
|  | &nbsp;&nbsp;&nbsp;Virginia Small Business Financing Authority (National Senior Campuses, Inc. Obligated Group), Series A, 5.00% due 1/1/2027 - 1/1/2033 | &nbsp;&nbsp;&nbsp;&nbsp; 5685000 | &nbsp;&nbsp;&nbsp;&nbsp; 6068113 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Wise County (Virginia Electric and Power Co.) IDA, Series A, 1.20% due 11/1/2040 (put 5/31/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 5155000 | &nbsp;&nbsp;&nbsp;&nbsp; 4935253 |
|  | &nbsp;&nbsp;**Washington — 2.3%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Clark County Public Utility District No. 1, 5.00% due 1/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 551848 |
|  | &nbsp;&nbsp;&nbsp;Energy Northwest (Nine Canyon Wind Project Phase I-III), 5.00% due 7/1/2023 - 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp; 1850000 | &nbsp;&nbsp;&nbsp;&nbsp; 1901687 |
|  | &nbsp;&nbsp;&nbsp;Marysville School District No. 25 (Snohomish County Educational Facilities) (State Aid Withholding) GO, 5.00% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 1700000 | &nbsp;&nbsp;&nbsp;&nbsp; 1713751 |
|  | &nbsp;&nbsp;&nbsp;Skagit County Public Hospital District No. 1 (Skagit Regional Health) ETM, Series A, 5.00% due 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 750000 | &nbsp;&nbsp;&nbsp;&nbsp; 762399 |
|  | &nbsp;&nbsp;&nbsp;State of Washington (Capital Projects) GO, Series R-G, 5.00% due 7/1/2025 | &nbsp;&nbsp;&nbsp;&nbsp;10475000 | &nbsp;&nbsp;&nbsp;&nbsp; 10950230 |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  | **ISSUER-DESCRIPTION** | &nbsp;&nbsp;**Principal<br> Amount** | &nbsp;&nbsp;**VALUE** |
|  | &nbsp;&nbsp;&nbsp;State of Washington (State and Local Agency Real and Personal Property Projects) COP, Series A, 5.00% due 7/1/2024 - 7/1/2027 | &nbsp;&nbsp;$17775000 | &nbsp;&nbsp;$18939911 |
|  | &nbsp;&nbsp;&nbsp;State of Washington (Various Purposes) GO, Series C, 5.00% due 2/1/2025 - 2/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp;34385000 | &nbsp;&nbsp;&nbsp;&nbsp; 37434773 |
|  | &nbsp;&nbsp;&nbsp;State of Washington GO, Series 2021A, 5.00% due 6/1/2025 - 6/1/2030 | &nbsp;&nbsp;&nbsp;&nbsp; 4900000 | &nbsp;&nbsp;&nbsp;&nbsp; 5404565 |
|  | &nbsp;&nbsp;&nbsp;Washington Health Care Facilities Authority (Providence St Joseph Health Obligated Group), Series B, 5.00% due 10/1/2031 | &nbsp;&nbsp;&nbsp;&nbsp; 2500000 | &nbsp;&nbsp;&nbsp;&nbsp; 2715918 |
|  | &nbsp;&nbsp;**Wisconsin — 2.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;City of Milwaukee (Insured: AGM) GO, Series N3, 5.00% due 4/1/2031 - 4/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 6550000 | &nbsp;&nbsp;&nbsp;&nbsp; 7378133 |
|  | &nbsp;&nbsp;&nbsp;County of Waushara GO, Series A, 4.50% due 6/1/2027 | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4138336 |
|  | &nbsp;&nbsp;&nbsp;Eau Claire Area School District, 4.00% due 6/21/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8000000 | &nbsp;&nbsp;&nbsp;&nbsp; 8035720 |
|  | &nbsp;&nbsp;&nbsp;Jefferson School District, 4.00% due 6/28/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 2000000 | &nbsp;&nbsp;&nbsp;&nbsp; 2003316 |
|  | &nbsp;&nbsp;&nbsp;Peshtigo School District, 4.00% due 6/22/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 5500000 | &nbsp;&nbsp;&nbsp;&nbsp; 5510263 |
|  | &nbsp;&nbsp;&nbsp;Public Finance Authority, 4.00% due 1/1/2023 - 1/1/2032 | &nbsp;&nbsp;&nbsp;&nbsp; 7145000 | &nbsp;&nbsp;&nbsp;&nbsp; 7128094 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Public Finance Authority (Duke Energy Progress LLC), Series A-1, 3.30% due 10/1/2046 (put 10/1/2026) | &nbsp;&nbsp;&nbsp;&nbsp;11000000 | &nbsp;&nbsp;&nbsp;&nbsp; 11156706 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Public Finance Authority (Providence St. Joseph Health Obligated Group), Series C, 4.00% due 10/1/2041 (put 10/1/2030) | &nbsp;&nbsp;&nbsp;&nbsp; 4000000 | &nbsp;&nbsp;&nbsp;&nbsp; 4049404 |
|  | &nbsp;&nbsp;&nbsp;Public Finance Authority (Renown Regional Medical Center), Series A, 5.00% due 6/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 745000 | &nbsp;&nbsp;&nbsp;&nbsp; 817763 |
| **<sup>d</sup>** | &nbsp;&nbsp;&nbsp;Pulaski Community School District, 4.00% due 7/12/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 8500000 | &nbsp;&nbsp;&nbsp;&nbsp; 8517969 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Health & Educational Facilities Authority (Advocate Aurora Health Obligated Group), |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-2, 5.00% due 8/15/2054 (put 1/25/2023) | &nbsp;&nbsp;&nbsp;&nbsp;10485000 | &nbsp;&nbsp;&nbsp;&nbsp; 10495443 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series B-4, 5.00% due 8/15/2054 (put 1/29/2025) | &nbsp;&nbsp;&nbsp;&nbsp;16065000 | &nbsp;&nbsp;&nbsp;&nbsp; 16658377 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Health & Educational Facilities Authority (Ascension Health Alliance System), Series A, 5.00% due 11/15/2025 - 11/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 3235000 | &nbsp;&nbsp;&nbsp;&nbsp; 3440246 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Health & Educational Facilities Authority (Marquette University), 5.00% due 10/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp; 235000 | &nbsp;&nbsp;&nbsp;&nbsp; 237987 |
|  | &nbsp;&nbsp;&nbsp;Wisconsin Housing (Collateralized: FNMA) EDA, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Series C, |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.65% due 9/1/2026 | &nbsp;&nbsp;&nbsp;&nbsp; 1615000 | &nbsp;&nbsp;&nbsp;&nbsp; 1520023 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.95% due 3/1/2029 | &nbsp;&nbsp;&nbsp;&nbsp; 1695000 | &nbsp;&nbsp;&nbsp;&nbsp; 1546069 |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Wisconsin Housing EDA, Series B, 0.50% due 11/1/2050 (put 11/1/2024) | &nbsp;&nbsp;&nbsp;&nbsp; 1500000 | &nbsp;&nbsp;&nbsp;&nbsp; 1412670 |
|  | &nbsp;&nbsp;&nbsp;WPPI Energy, Series A, 5.00% due 7/1/2024 - 7/1/2028 | &nbsp;&nbsp;&nbsp;&nbsp; 1325000 | &nbsp;&nbsp;&nbsp;&nbsp; 1401646 |
|  | &nbsp;&nbsp;&nbsp;Total Long-Term Municipal Bonds — 96.8% (Cost $3,346,094,757) |  | &nbsp;&nbsp;&nbsp;&nbsp;3337228898 |
|  | **Short-Term Municipal Bonds — 2.1%** |  |  |
|  | &nbsp;&nbsp;**California — 0.8%** |  |  |
|  | &nbsp;&nbsp;&nbsp;Deutsche Bank Spears/Lifers Trust (LOC Deutsche Bank A.G.), |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series DBE-8082, 4.06% due 10/1/2058 (put 1/9/2023) | &nbsp;&nbsp;&nbsp;&nbsp;20500000 | &nbsp;&nbsp;&nbsp;&nbsp; 20500000 |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;Series DBE-8087, 4.06% due 10/1/2058 (put 1/9/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 5780000 | &nbsp;&nbsp;&nbsp;&nbsp; 5780000 |
|  | &nbsp;&nbsp;**Florida — 0.2%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;County of Manatee (Florida Power & Light Co.), 3.75% due 9/1/2024 (put 1/3/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 9000000 | &nbsp;&nbsp;&nbsp;&nbsp; 9000000 |
|  | &nbsp;&nbsp;**Indiana — 0.2%** |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts/Certificates (Guaranty: Deutsche Bank A.G.), Series 2022-XF1141, 3.96% due 6/1/2042 (put 1/9/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 5985000 | &nbsp;&nbsp;&nbsp;&nbsp; 5985000 |
|  | &nbsp;&nbsp;**Louisiana — 0.3%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;Parish of St. James (Nucor Steel Louisiana LLC; Guaranty: Nucor Corp.), Series B-1, 4.10% due 11/1/2040 (put 1/9/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 9545000 | &nbsp;&nbsp;&nbsp;&nbsp; 9545000 |
|  | &nbsp;&nbsp;**Minnesota — 0.2%** |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts/Certificates (Guaranty: Deutsche Bank A.G.), Series 2021-XF1129, 3.91% due 6/1/2064 (put 1/9/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 7275000 | &nbsp;&nbsp;&nbsp;&nbsp; 7275000 |
|  | &nbsp;&nbsp;**New York — 0.0%** |  |  |
| **<sup>a</sup>** | &nbsp;&nbsp;&nbsp;New York City Municipal Water Finance Authority (New York City Water & Sewer System), Series DD, 4.00% due 6/15/2033 (put 1/3/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 500000 | &nbsp;&nbsp;&nbsp;&nbsp; 500000 |
|  | &nbsp;&nbsp;**Ohio — 0.2%** |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts/Certificates (LOC Deutsche Bank A.G.), Series 2021-XF1132, 3.86% due 12/1/2061 (put 1/9/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 7200000 | &nbsp;&nbsp;&nbsp;&nbsp; 7200000 |
|  | &nbsp;&nbsp;**Texas — 0.2%** |  |  |
| **<sup>a,b</sup>** | &nbsp;&nbsp;&nbsp;Tender Option Bond Trust Receipts/Certificates (LOC Deutsche Bank A.G.), Series 2021-XF1102, 3.72% due 7/1/2061 (put 1/9/2023) | &nbsp;&nbsp;&nbsp;&nbsp; 7750000 | &nbsp;&nbsp;&nbsp;&nbsp; 7750000 |
|  | &nbsp;&nbsp;&nbsp;Total Short-Term Municipal Bonds — 2.1% (Cost $73,535,000) |  | &nbsp;&nbsp;&nbsp;&nbsp; 73535000 |
|  | **Total Investments — 98.9% (Cost $3,419,629,757)** |  | &nbsp;&nbsp;$3410763898 |
|  | **Other Assets Less Liabilities — 1.1%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37688005 |
|  | **Net Assets — 100.0%** |  | &nbsp;&nbsp;$3448451903 |

---

---

| | |
|:---|:---|
| **Footnote Legend** | **Footnote Legend** |
| a | Variable, floating, step, or fixed to floating rate securities are securities for which interest rate changes are based on changes in a designated base rate or on a predetermined schedule. The rates shown are those in effect on December 31, 2022. |
| b | Securities exempt from registration under Rule 144A of the Securities Act of 1933, as amended. These securities are restricted but liquid and may only be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of December 31, 2022, the aggregate value of these securities in the Fund's portfolio was $70,810,794, representing 2.05% of the Fund's net assets. |
| c | Segregated as collateral for a when-issued security. |

---

------

SCHEDULE OF INVESTMENTS, Continued

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

d When-issued security.

#### Portfolio Abbreviations<br> To simplify the listings of securities, abbreviations are used per the table below:

---

| | |
|:---|:---|
| AGC | Insured by Assured Guaranty Corp. |
| AGM | Insured by Assured Guaranty Municipal Corp. |
| AMBAC | Insured by American Municipal Bond Assurance Corp. |
| BAM | Insured by Build America Mutual Insurance Co. |
| BHAC-CR | Berkshire Hathaway Assurance Corp. Custodial Receipts |
| CDC | Community Development Commission |
| COP | Certificates of Participation |
| DFA | Development Finance Authority/Agency |
| EDA | Economic Development Authority |
| EDFA | Economic Development Financing Authority |
| ETM | Escrowed to Maturity |
| FGIC | Insured by Financial Guaranty Insurance Co. |
| FHLMC | Collateralized by Federal Home Loan Mortgage Corp. |
| FNMA | Collateralized by Federal National Mortgage Association |
| GNMA | Collateralized by Government National Mortgage Association |
| GO | General Obligation |

---

---

| | |
|:---|:---|
| HDA | Housing Development Authority |
| HFA | Health Facilities Authority |
| HFFA | Health Facilities Financing Authority |
| IDA | Industrial Development Authority/Agency |
| IDB | Industrial Development Board |
| ISD | Independent School District |
| JEA | Jacksonville Electric Authority |
| LOC | Letter of Credit |
| MUNIPSA | Securities Industry and Financial Markets Association (SIFMA) Municipal Swap Index |
| Natl-Re | Insured by National Public Finance Guarantee Corp. |
| PSF-GTD | Guaranteed by Permanent School Fund |
| Q-SBLF | Insured by Qualified School Bond Loan Fund |
| SOFR | Secured Overnight Financing Rate |
| SPA | Stand-by Purchase Agreement |
| USD | Unified School District |

---

------

NOTES TO SCHEDULE OF INVESTMENTS

---

| | |
|:---|:---|
| **Thornburg Limited Term Municipal Fund** | *December 31, 2022 (Unaudited)* |

---

------

#### NOTE 1 – ORGANIZATION
Thornburg Limited Term Municipal Fund (the "Fund") is a diversified series of Thornburg Investment Trust (the "Trust"). The Trust is organized as a Massachusetts business trust under a Declaration of Trust dated June 3, 1987 and is registered as a diversified, open-end management investment company under the Investment Company Act of 1940, as amended (the "1940 Act"). The Fund is currently one of twenty-one separate series of the Trust. Each series is considered to be a separate entity for financial reporting and tax purposes. The Fund currently offers four classes of shares of beneficial interest: Class A, Class C, Class C2 and Institutional Class ("Class I").

#### NOTE 2 – SECURITY VALUATION
Valuation of the Fund's portfolio investment securities is performed by Thornburg Investment Management, Inc., the Trust's investment advisor (the "Advisor"), which has been designated by the Trustees of the Trust as the Fund's "valuation designee," as that term is defined in rule 2a-5 under the 1940 Act. The Advisor performs this valuation function in accordance with policies and procedures that have been adopted by the Advisor and approved by the Trustees of the Trust (the "Valuation Policy and Procedures").

In its capacity as the Fund's valuation designee, the Advisor makes good faith determinations of the fair value of portfolio securities for which market quotations are not readily available, and otherwise complies with and administers the Valuation Policy and Procedures. The Advisor performs those functions in significant measure through its Valuation and Pricing Committee (the "Committee"), though the Advisor may also obtain the assistance of others, including professional pricing service providers selected and approved by the Committee. In accordance with the Valuation Policy and Procedures, the Committee: assesses and manages the material risks associated with determining the fair value of those Fund investments for which market quotations are not readily available; selects and applies methodologies for determining and calculating such fair values; periodically reviews and tests the appropriateness and accuracy of those methodologies; monitors for circumstances that may necessitate the use of fair value; and approves, monitors, and evaluates pricing services engaged to provide evaluated prices for the Fund's investments. The Committee provides reports on its activities to the Trustees' Audit Committee, which is responsible for overseeing the Committee's and the Advisor's work in discharging the functions under the Valuation Policy and Procedures.

In those instances when the Committee assists in calculating a fair value for a portfolio investment, the Committee seeks to determine the price that the Fund would reasonably expect to receive upon a sale of the investment in an orderly transaction between market participants on the valuation date. The Committee customarily utilizes quotations from securities broker dealers in calculating valuations, but also may utilize prices obtained from pricing service providers or other methods selected by the Committee. Because fair values calculated by the Committee are estimates, the calculation of a fair value for an investment may differ from the price that would be realized by the Fund upon a sale of the investment, and the difference could be material to the Fund's financial statements. The Committee's calculation of a fair value for an investment may also differ from the prices obtained by other persons (including other mutual funds) for the investment.

<u>Valuation of Securities:</u> Debt obligations held by the Fund which are not listed or traded on exchanges or for which no reported market exists are ordinarily valued at the valuation obtained from a pricing service provider approved by the Committee.

In any case when a pricing service provider fails to provide a valuation for a debt obligation held by the Fund, the Committee may calculate a fair value for the obligation using alternative methods selected and approved by the Committee. Additionally, in cases when the Committee believes that a valuation obtained from a pricing service provider is stale, does not reflect material factors affecting the valuation of the investment, is significantly different than the value the Fund is likely to obtain if it sought a bid for the investment, or is otherwise unreliable, the Committee may calculate a fair value for the obligation using an alternative method selected and approved by the Committee.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** THORNBURG INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-05201

- **c. CIK number of Registrant:** 0000816153

- **d. LEI of Registrant:** 5493001XM52H8S4WYY82

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

  - **Street Address 1:** 2300 NORTH RIDGETOP ROAD

  - **City:** SANTA FE

  - **State:** NM

  - **Foreign country:** US

  - **Zip / Postal Code:** 87506-8361

  - **Telephone number:** 505-984-0200

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

- **a. Name of Series:** Thornburg Limited Term Municipal Fund

- **b. EDGAR series identifier (if any):** S000000540

- **c. LEI of Series:** 54930020DO8TQEMPJO87

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3483190457.92

**Total Liabilities:** $24200809.07

**Net Assets:** $3458989648.85

**Delayed Delivery Securities:** $8517850.00

**Cash Not Reported:** $275903.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -15108.43000000 | **1-Year:** -254926.67000000 | **5-Year:** -511088.01000000 | **10-Year:** -236960.63000000 | **30-Year:** -243.88000000

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

- **3-Month:** -1741.55000000 | **1-Year:** -7142.70000000 | **5-Year:** -12526.38000000 | **10-Year:** -10918.83000000 | **30-Year:** -16.26000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222321 | -0.24%               | 2.19%                | 0.22%                |
| Class ID C000001438 | -0.22%               | 2.21%                | 0.24%                |
| Class ID C000001449 | -0.18%               | 2.25%                | 0.28%                |
| Class ID C000001427 | -0.20%               | 2.23%                | 0.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-18339721.42            | $3973336.16                                |
| Month 2  | $-13867453.03            | $90043718.38                               |
| Month 3  | $-8912134.70             | $11569533.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Santa Fe Public School District                                                  | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088QA5<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2257708.00   | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221RU35<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    180000 | PA      | $198986.94    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $512343.08    | 0.01%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority No 3                                           | DOUGLAS CNTY NE HOSP AUTH #3                                 | CUSIP: 259234CA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1905000 | PA      | $1929829.77   | 0.06%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526K2<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    900000 | PA      | $956392.20    | 0.03%             | 2030-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HG8<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1639446.85   | 0.05%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772JY63<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |  16615000 | PA      | $17802125.14  | 0.51%             | 2027-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency                                                | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YDG9<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    400000 | PA      | $383388.40    | 0.01%             | 2026-04-01      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712D2H8<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |    235000 | PA      | $237987.09    | 0.01%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWX9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    985000 | PA      | $982578.87    | 0.03%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX Electric Light & Power System Revenue                         | LUBBOCK TX ELEC LIGHT & PWR SYS                              | CUSIP: 549203XB8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1130661.00   | 0.03%             | 2032-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APQ4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2044434.00   | 0.06%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966LMS7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  20145000 | PA      | $20822033.16  | 0.60%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE FAC REVENUE         | CUSIP: 792905CX7<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007917.00   | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009H22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021049.00   | 0.03%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3K7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2266914.00   | 0.07%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government Utility System Revenue           | WYANDOTTE CNTY/KANSAS CITY KS UNIF GOVT UTILITY SYS REVENUE  | CUSIP: 982674JK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $618592.20    | 0.02%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mansfield TX                                                             | MANSFIELD TX                                                 | CUSIP: 564378LR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $581832.50    | 0.02%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EHZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2236654.00   | 0.06%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366E6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   8100000 | PA      | $8781404.40   | 0.25%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UWB0<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2092390.20   | 0.06%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                       | LAMMERSVILLE CA JT UNIF SCH DIST SPL TAX                     | CUSIP: 513533GU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1564378.73   | 0.05%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3M3<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1154500.00   | 0.03%             | 2032-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                                | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7715000 | PA      | $7835462.01   | 0.23%             | 2023-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                            | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER PORT REVENUE   | CUSIP: 546510FQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4904340.00   | 0.14%             | 2033-09-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                            | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525DK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $755971.50    | 0.02%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914PQ54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12930000 | PA      | $14584587.45  | 0.42%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447P7J4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037926.00   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JAX4<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1005161.00   | 0.03%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331T79<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |    805000 | PA      | $807353.02    | 0.02%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653HX2<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1286845.68   | 0.04%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224YR4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1097850.00   | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp for Pickens School District                    | SCAGO SC EDUCTNL FACS CORP FOR PICKENS SCH DIST              | CUSIP: 80585TBZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016451.00   | 0.03%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | COLORADO ST COPS                                             | CUSIP: 196711QD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $603680.16    | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JBT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2245000 | PA      | $2386650.52   | 0.07%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Forest Preserve District                                           | DU PAGE CNTY IL FOREST PRESERVE DIST                         | CUSIP: 262651UP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1654989.53   | 0.05%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KCD9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    835000 | PA      | $842457.39    | 0.02%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LCE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3950000 | PA      | $4274765.05   | 0.12%             | 2047-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615P98<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1173488.75   | 0.03%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Forest Preserve District                                           | DU PAGE CNTY IL FOREST PRESERVE DIST                         | CUSIP: 262651VD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1971534.24   | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758TY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1269558.00   | 0.04%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276RFB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2552316.75   | 0.07%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AZC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3689367.50   | 0.11%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028WR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4545000 | PA      | $5250911.22   | 0.15%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cushing Educational Facilities Authority                                         | CUSHING OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE      | CUSIP: 231634AH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $15647884.00  | 0.45%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ATR3<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   9265000 | PA      | $10124226.84  | 0.29%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Yonkers NY                                                               | YONKERS NY                                                   | CUSIP: 986082G41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $951862.30    | 0.03%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Beaumont TX Waterworks & Sewer System Revenue                            | BEAUMONT TX WTRWKS & SWR SYS REVENUE                         | CUSIP: 074561MK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5064365.00   | 0.15%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Bexar TX                                                               | BEXAR CNTY TX                                                | CUSIP: 088281A59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2823639.50   | 0.08%             | 2033-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE                    | CUSIP: 153476CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1375832.31   | 0.04%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3475000 | PA      | $3805295.28   | 0.11%             | 2043-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | ORANGE CNTY FL SCH BRD COPS                                  | CUSIP: 684517QP3<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1256691.17   | 0.04%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LX29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $139613.00    | 0.00%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FLR4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    800000 | PA      | $909997.60    | 0.03%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XTU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1153860.00   | 0.03%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                            | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER PORT REVENUE   | CUSIP: 546510FR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4904340.00   | 0.14%             | 2034-09-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE  | CUSIP: 71783DBM6<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    750000 | PA      | $803862.75    | 0.02%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                      | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 0106086T9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    735000 | PA      | $741031.41    | 0.02%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWF7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1345192.50   | 0.04%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                                           | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303UN2<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |    625000 | PA      | $648488.75    | 0.02%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP THERMAL UTILITY RE | CUSIP: 41401PCJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $1046450.65   | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 6450208B7<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    495000 | PA      | $537160.14    | 0.02%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065XN9<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7345142.00   | 0.21%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                      | JEA FL ELEC SYS REVENUE                                      | CUSIP: 46613SBE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1395000 | PA      | $1416462.08   | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152P96<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   9640000 | PA      | $10032907.12  | 0.29%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Arizona University                                                      | NTHRN AZ UNIV COPS                                           | CUSIP: 664751CP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3329438.88   | 0.10%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Warren MS                                                              | WARREN CNTY MS GULF OPPORTUNITY ZONE                         | CUSIP: 935031AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1512361.50   | 0.04%             | 2034-05-01      | Floating      | 1.38%                 | No            |                  2 | On Loan: No      |
| Lee County School Board/The                                                      | LEE CNTY FL SCH BRD COPS                                     | CUSIP: 523494NZ1<br>LEI: 54930014H67DITNA1Q29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2059628.00   | 0.06%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVK7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1519865.65   | 0.04%             | 2062-05-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWW1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    945000 | PA      | $943936.88    | 0.03%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772JF72<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |  19385000 | PA      | $19964727.81  | 0.58%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                                  | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J         | CUSIP: 939307JL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1143788.56   | 0.03%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community High School District No 233 Homewood-Flossmoor             | COOK CNTY IL CMNTY HIGH SCH DIST #233 HOMEWOOD-FLOSSMOOR     | CUSIP: 216003JJ3<br>LEI: 5493008IR2NQNOP1V536 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $1909823.57   | 0.06%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                               | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205RBE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3094227.00   | 0.09%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crystal Valley Metropolitan District No 2                                        | CRYSTAL VLY CO MET DIST #2                                   | CUSIP: 22941LAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $335982.60    | 0.01%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853RM1<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   2855000 | PA      | $2858868.53   | 0.08%             | 2024-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990C3U3<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    140000 | PA      | $140239.12    | 0.00%             | 2023-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Miami Beach FL Stormwater Revenue                                        | MIAMI BEACH FL STORMWTR REVENUE                              | CUSIP: 59324PDQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $550025.50    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224YQ6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2160008.00   | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $656504.40    | 0.02%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Authority                                                             | GULF COAST TX WST DISP AUTH                                  | CUSIP: 401905FA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057638.00   | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YFC0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    400000 | PA      | $449058.80    | 0.01%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                              | CUSIP: 717813TB5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   6005000 | PA      | $6499703.91   | 0.19%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 5178406N9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7505000 | PA      | $7910375.07   | 0.23%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EEZ7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1603108.50   | 0.05%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                      | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609FD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063519.00   | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy  | LOS ANGELES CNTY CA REDEV REFUNDING AUTH TAX ALLOCATION REV  | CUSIP: 54465AEP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5354712.50   | 0.15%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370GM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1058139.60   | 0.03%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EGP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1184120.28   | 0.03%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966LMR9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |  12985000 | PA      | $13138002.26  | 0.38%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JBX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $670764.00    | 0.02%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727ZC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2710000 | PA      | $2887838.33   | 0.08%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System Revenue                      | TARRANT TX REGL WTR DIST WTR REVENUE                         | CUSIP: 876443PE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hartford CT                                                              | HARTFORD CT                                                  | CUSIP: 416415HC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1075330.92   | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                        | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8930000 | PA      | $9921631.85   | 0.29%             | 2028-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227PC9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5327755.00   | 0.15%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Florida Expressway Authority                                             | CENTRL FL EXPRESSWAY AUTH SR LIEN REVENUE                    | CUSIP: 153476DS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $618312.45    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Randolph NC                                                            | RANDOLPH CNTY NC LTD OBLIG                                   | CUSIP: 752598BD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406182.80    | 0.01%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pontotoc County Educational Facilities Authority                                 | PONTOTOC CNTY OK EDUCTNL FACSAUTH EDUCTNL FACS REVENUE       | CUSIP: 732692CV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $492082.43    | 0.01%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Miami Beach FL Stormwater Revenue                                        | MIAMI BEACH FL STORMWTR REVENUE                              | CUSIP: 59324PDR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1320051.60   | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1071560.00   | 0.03%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE FAC REVENUE         | CUSIP: 792905CZ2<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260784.50    | 0.01%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Berkeley County School District                                                  | BERKELEY CNTY SC SCH DIST SPL OBLIG                          | CUSIP: 084211AM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2081206.00   | 0.06%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBF8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2417261.70   | 0.07%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox & Warren Counties Community Unit School District No 205 Galesburg           | KNOX & WARREN CNTYS IL CMNTY UNIT SCH DIST #205              | CUSIP: 499260GB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1572539.79   | 0.05%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fort Bend Independent School District                                            | FORT BEND TX INDEP SCH DIST                                  | CUSIP: 346843UW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7002219.00   | 0.20%             | 2052-08-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                           | LOS ANGELES CA                                               | CUSIP: 544351QM4<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7528860.00   | 0.22%             | 2023-06-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA WIND PROJ REVENUE                              | CUSIP: 29270MEK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $892606.25    | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059UL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4037200.00   | 0.12%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plum Boro School District/PA                                                     | PLUM BORO PA SCH DIST                                        | CUSIP: 729212QE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $476127.39    | 0.01%             | 2023-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                      | SHREVEPORT LA WTR & SWR REVENUE                              | CUSIP: 825485WG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $536131.89    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ANG8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4805000 | PA      | $4969528.01   | 0.14%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Rockport IN                                                              | ROCKPORT IN POLL CONTROL REVENUE                             | CUSIP: 773835BW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2941035.00   | 0.09%             | 2025-07-01      | Fixed         | 3.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461363E9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    950000 | PA      | $974487.20    | 0.03%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Township of Union OH/Clermont County                                             | UNION TWP OH CLERMONT CNTY                                   | CUSIP: 908734AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3988344.00   | 0.12%             | 2023-08-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370JG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095192.00   | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Income Tax Revenue                                          | CLEVELAND OH INCOME TAX REVENUE                              | CUSIP: 186387TP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $443105.04    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                      | KENTUCKY ST TURNPIKE AUTH ECON DEV ROAD REVENUE              | CUSIP: 491552Q73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3180000 | PA      | $3403865.64   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV    | CUSIP: 20282EAD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $936814.11    | 0.03%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | LUBBOCK TX                                                   | CUSIP: 549188TN0<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   4180000 | PA      | $4189150.02   | 0.12%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBD3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514920.50   | 0.04%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2310000 | PA      | $2477969.34   | 0.07%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CCQ3<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4390000 | PA      | $4715720.44   | 0.14%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                  | LUZERNE CNTY PA INDL DEV AUTH LEASE REVENUE                  | CUSIP: 55072RBE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $574437.09    | 0.02%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of St James LA                                                            | SAINT JAMES PARISH LA REVENUE                                | CUSIP: 790103AH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9545000 | PA      | $9545000.00   | 0.28%             | 2040-11-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Health Educational and Housing Facility Board of the City of Memphis/the         | MEMPHIS TN HLTH EDUCTNL & HSG FAC BRD MF HSG REVENUE         | CUSIP: 586169FS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1746375.75   | 0.05%             | 2023-12-01      | Variable      | 3.40%                 | No            |                  2 | On Loan: No      |
| Amarillo Junior College District                                                 | AMARILLO TX JNR CLG DIST                                     | CUSIP: 023069LW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2658925.80   | 0.08%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH ECON DEV REVENUE                            | CUSIP: 232263KG7<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    375000 | PA      | $414540.75    | 0.01%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JBR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511946.00    | 0.01%             | 2024-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                       | DENVER CO CITY & CNTY COPS                                   | CUSIP: 249183WQ3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1720000 | PA      | $1750564.40   | 0.05%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WU7<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3989712.00   | 0.12%             | 2030-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Woman's University                                                         | TEXAS ST WOMANS UNIV FING SYSREVENUE                         | CUSIP: 882874MR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1467457.43   | 0.04%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Patriots Energy Group Financing Agency                                           | PATRIOTS ENERGY GROUP FING AGY SC GAS SPLY REVENUE           | CUSIP: 70342PAK0<br>LEI: 5493008X0DFBVFH4HL19 | Long             | DBT              | MUN               | US        |   6755000 | PA      | $6749319.05   | 0.20%             | 2048-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550G22<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2480000 | PA      | $2609828.00   | 0.08%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727WG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3000000.00   | 0.09%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carson City NV                                                                   | CARSON CITY NV HOSP REVENUE                                  | CUSIP: 145810DH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $621904.20    | 0.02%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Selma Industrial Development Board                                               | SELMA AL INDL DEV BRD REVENUE                                | CUSIP: 81647PAE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2408180.00   | 0.07%             | 2033-11-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19000000 | PA      | $17752346.00  | 0.51%             | 2033-12-01      | Floating      | 0.95%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | E BATON ROUGE PARISH LA SWR COMMISSION REVENUE               | CUSIP: 270618EE7<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022766.00   | 0.03%             | 2024-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009HW3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3100836.00   | 0.09%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana                                                               | LOUISIANA ST GRANT ANTICIPATION REVENUE                      | CUSIP: 54641CAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1154450.00   | 0.03%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BBQ6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   7930000 | PA      | $8174093.33   | 0.24%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson School District/WI                                                     | JEFFERSON WI SCH DIST                                        | CUSIP: 475512HG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2003316.00   | 0.06%             | 2023-06-28      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | NEW YORK ST ENERGY RESEARCH & DEV AUTH POLL CONTROL REVENUE  | CUSIP: 649845HH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12225000 | PA      | $12124388.25  | 0.35%             | 2034-04-01      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| City of Miami Beach FL Stormwater Revenue                                        | MIAMI BEACH FL STORMWTR REVENUE                              | CUSIP: 59324PDP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1052644.13   | 0.03%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | DALLAS TX                                                    | CUSIP: 235219JG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10235000 | PA      | $10257588.65  | 0.30%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will & Kendall Counties Community Consolidated School District 202 Plainfield    | WILL & KENDALL CNTYS IL CMNTYCONSOL SCH DIST # 202 PLAINFIE  | CUSIP: 968648ZG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8495000 | PA      | $8857795.97   | 0.26%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE          | CUSIP: 593338AL0<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2038112.00   | 0.06%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will County Community Unit School District No 201-U Crete-Monee                  | WILL CNTY IL CMNTY UNIT SCH DIST #201 CRETE-MONEE            | CUSIP: 969003RQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $378892.85    | 0.01%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Community School Building Corp                                              | AVON IN CMNTY SCH BLDG CORP                                  | CUSIP: 054071KJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $751164.40    | 0.02%             | 2026-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                             | CHARLOTTE NC COPS                                            | CUSIP: 161037Q41<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2022-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Noblesville Redevelopment Authority                                              | NOBLESVILLE IN REDEV AUTH                                    | CUSIP: 655164HP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $325154.40    | 0.01%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Ridge Metropolitan District No 2                                          | SIERRA RIDGE MET DIST #2 CO                                  | CUSIP: 82648CAP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $300867.38    | 0.01%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of La Salle TX                                                            | LA SALLE CNTY TX                                             | CUSIP: 504678CK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4290448.50   | 0.12%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manatee County School District                                                   | MANATEE CNTY FL SCH DIST SALES TAX REVENUE                   | CUSIP: 56185PCC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $949635.00    | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox & Warren Counties Community Unit School District No 205 Galesburg           | KNOX & WARREN CNTYS IL CMNTY UNIT SCH DIST #205              | CUSIP: 499260GA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1466875.66   | 0.04%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EGR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082747.00   | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDS2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1390000 | PA      | $1527055.39   | 0.04%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                   | UAB MEDICINE FIN AUTH AL REVENUE                             | CUSIP: 902562AJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1670000 | PA      | $1750599.21   | 0.05%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Interlocken Metropolitan District                                                | INTERLOCKEN CONSOL MET DIST CO                               | CUSIP: 45875CAF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $903079.63    | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No 1                                      | SKAGIT CNTY WA PUBLIC HOSP DIST #1                           | CUSIP: 830227DC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $762399.00    | 0.02%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883UV2<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    500000 | PA      | $542187.50    | 0.02%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority No 3                                           | DOUGLAS CNTY NE HOSP AUTH #3                                 | CUSIP: 259234CB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1442476.00   | 0.04%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunshine State Governmental Financing Commission                                 | SUNSHINE FL ST GOVERNMENTAL FING COMMISSION                  | CUSIP: 867868FX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1746579.75   | 0.05%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lea County Public School District No 8 Eunice                                    | LEA CNTY NM PUBLIC SCH DIST #8 EUNICE                        | CUSIP: 521513DK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1041013.00   | 0.03%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                  | LUZERNE CNTY PA INDL DEV AUTH LEASE REVENUE                  | CUSIP: 55072RBD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035053.00   | 0.03%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GC7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1089080.00   | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Spears/Lifers Trust                                                | DEUTSCHE BANK SPEARS/LIFERS TRUST VARIOUS STATES             | CUSIP: 25155W5N5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10000000.00  | 0.29%             | 2061-07-01      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065YA6<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2018298.00   | 0.06%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy  | LOS ANGELES CNTY CA REDEV REFUNDING AUTH TAX ALLOCATION REV  | CUSIP: 54465AEN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4775000 | PA      | $4911178.23   | 0.14%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWR2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    780000 | PA      | $778104.60    | 0.02%             | 2024-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550ZD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010943.00   | 0.03%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pontotoc County Educational Facilities Authority                                 | PONTOTOC CNTY OK EDUCTNL FACSAUTH EDUCTNL FACS REVENUE       | CUSIP: 732692CR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $333230.95    | 0.01%             | 2027-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                   | CUSIP: 800766NE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1311805.00   | 0.04%             | 2030-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corp                                           | MARICOPA CNTY AZ POLL CONTROLCORP POLL CONTROL REVENUE       | CUSIP: 566854EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2668137.00   | 0.08%             | 2043-06-01      | Floating      | 0.88%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                                | CLEVELAND CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVEN | CUSIP: 18604TBR8<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   5355000 | PA      | $5386160.75   | 0.16%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NBV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4574862.00   | 0.13%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153CS6<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3875000 | PA      | $4037037.00   | 0.12%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cotulla Independent School District                                              | COTULLA TX INDEP SCH DIST                                    | CUSIP: 222057HZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1319905.60   | 0.04%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603ZX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1113859.30   | 0.03%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331K60<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |  10455000 | PA      | $11153885.39  | 0.32%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $524814.50    | 0.02%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWQ4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.01%             | 2023-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community High School District No 233 Homewood-Flossmoor             | COOK CNTY IL CMNTY HIGH SCH DIST #233 HOMEWOOD-FLOSSMOOR     | CUSIP: 216003JK0<br>LEI: 5493008IR2NQNOP1V536 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2001950.63   | 0.06%             | 2028-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Marion County School Board                                                       | MARION CNTY FL SCH BRD COPS                                  | CUSIP: 56879EGN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3065000 | PA      | $3148257.66   | 0.09%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                               | ATLANTA GA TAX ALLOCATION                                    | CUSIP: 047849HC1<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1230761.07   | 0.04%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HN40<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    575000 | PA      | $594641.43    | 0.02%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MP33<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   4130000 | PA      | $4154267.88   | 0.12%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBU2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2850000 | PA      | $2968671.15   | 0.09%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                | HAYS CNTY TX                                                 | CUSIP: 421020YX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1330417.40   | 0.04%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                        | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155QJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4179445.20   | 0.12%             | 2046-08-01      | Floating      | 2.05%                 | No            |                  2 | On Loan: No      |
| City of Albuquerque NM                                                           | ALBUQUERQUE NM                                               | CUSIP: 0135185J0<br>LEI: 549300MV7H0GASZUCG39 | Long             | DBT              | MUN               | US        |   1360000 | PA      | $1373508.88   | 0.04%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914PXT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5693127.00   | 0.16%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Brownsville TX Utilities System Revenue                                  | BROWNSVILLE TX UTILITY SYS REVENUE                           | CUSIP: 116475K52<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2408571.90   | 0.07%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Pollution Control Corp                                           | MARICOPA CNTY AZ POLL CONTROLCORP POLL CONTROL REVENUE       | CUSIP: 566854EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1511944.30   | 0.04%             | 2043-06-01      | Floating      | 0.88%                 | No            |                  2 | On Loan: No      |
| County of Manatee FL Public Utilities Revenue                                    | MANATEE CNTY FL PUBLIC UTILITIES REVENUE                     | CUSIP: 561851HM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518837.00    | 0.01%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | PRINCE GEORGES CNTY MD                                       | CUSIP: 7417013E4<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |   6110000 | PA      | $6627547.55   | 0.19%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XBL0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040048.00   | 0.03%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009HX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2845000 | PA      | $2941764.14   | 0.09%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                                | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX  | CUSIP: 91756SAL7<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    500000 | PA      | $577098.00    | 0.02%             | 2033-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWZ3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    265000 | PA      | $269345.47    | 0.01%             | 2036-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642BX99<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1284522.00   | 0.04%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                           | STATE PUBLIC SCH BLDG AUTH PA LEASE REVENUE                  | CUSIP: 85732GUE8<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |   3550000 | PA      | $3797435.00   | 0.11%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | CHATOM AL INDL DEV BRD GULF OPPORTUNITY ZONE                 | CUSIP: 16229PAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $591267.60    | 0.02%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XDN8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4029528.00   | 0.12%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550G30<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $756058.92    | 0.02%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE  | CUSIP: 71783DBN4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    700000 | PA      | $760354.70    | 0.02%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut Special Tax Revenue                                         | CONNECTICUT ST SPL TAX OBLIG REVENUE                         | CUSIP: 207758G64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $585593.00    | 0.02%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TEB8<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    250000 | PA      | $254489.25    | 0.01%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                              | WASHOE CNTY NV                                               | CUSIP: 940774NN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1470000 | PA      | $1514909.97   | 0.04%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HN99<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3022919.40   | 0.09%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EGS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1120000 | PA      | $1212280.16   | 0.04%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                                | N E OHIO MED UNIV GEN RECPTS                                 | CUSIP: 66433RCL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $284429.60    | 0.01%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gretna Public Schools                                                            | SARPY CNTY NE SCH DIST #37                                   | CUSIP: 803770XB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3185433.00   | 0.09%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District                                                 | REEDY CREEK FL IMPT DIST                                     | CUSIP: 758449QC9<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2083658.00   | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 64579F5L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $540057.89    | 0.02%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TGG2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2121681.28   | 0.06%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE         | CUSIP: 650028WQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5713245.00   | 0.17%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259Y6D6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  11100000 | PA      | $11534809.20  | 0.33%             | 2029-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Built to Learn Revenue                                | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                 | CUSIP: 574294BH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1551674.05   | 0.04%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                                | CLEVELAND CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVEN | CUSIP: 18604TEE4<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4262312.00   | 0.12%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                              | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357A38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2830000 | PA      | $3004336.49   | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349CS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3661932.18   | 0.11%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pontotoc County Educational Facilities Authority                                 | PONTOTOC CNTY OK EDUCTNL FACSAUTH EDUCTNL FACS REVENUE       | CUSIP: 732692CT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $283684.50    | 0.01%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974DPS1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  10475000 | PA      | $10950229.80  | 0.32%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Motor Fuel Tax Revenue                                        | CHICAGO IL MTR FUEL TAX REVENUE                              | CUSIP: 16756KED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.03%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Higher Education                                                        | COLORADO ST HIGHER EDU LEASE PURCHASE FING PROGRAM COPS      | CUSIP: 196737AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068091.00   | 0.03%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County Flood Control District                                             | HARRIS CNTY TX FLOOD CONTROL DIST                            | CUSIP: 4140186Q9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8530000 | PA      | $9398686.67   | 0.27%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                    | VOLUSIA CNTY FL EDUCTNL FAC AUTH                             | CUSIP: 928836KN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420734.40    | 0.01%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Biloxi Public School District                                                    | BILOXI MS PUBLIC SCH DIST                                    | CUSIP: 09025PFA9<br>LEI: 549300ENUCIW8U18U266 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1408619.70   | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ECON DEV REVENUE                         | CUSIP: 45505RBP9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6000000.00   | 0.17%             | 2028-05-01      | Floating      | 2.90%                 | No            |                  2 | On Loan: No      |
| Tarrant Regional Water District Water Supply System Revenue                      | TARRANT TX REGL WTR DIST WTR REVENUE                         | CUSIP: 876443PF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2135492.00   | 0.06%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XVX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1063408.00   | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Stephen F Austin State University                                                | STEPHEN F AUSTIN TX ST UNIV                                  | CUSIP: 8586203Y1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1494086.65   | 0.04%             | 2024-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EHY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3194854.60   | 0.09%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                           | ILLINOIS ST HSG DEV AUTH MF HSG REVENUE                      | CUSIP: 45203LDV2<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015098.00   | 0.06%             | 2042-11-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                                | DELAWARE ST TRANSPRTN AUTH GRANT ANTICIPATION BONDS          | CUSIP: 246419BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2665000 | PA      | $3038691.63   | 0.09%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 5178407A6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20000000 | PA      | $21087920.00  | 0.61%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Needles Unified School District                                                  | NEEDLES CA UNIF SCH DIST                                     | CUSIP: 640023CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $985646.72    | 0.03%             | 2023-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562NB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6215000 | PA      | $6215000.00   | 0.18%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cape Coral FL Water & Sewer Revenue                                      | CAPE CORAL FL WTR & SWR REVENUE                              | CUSIP: 139372QX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1856439.20   | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065XL3<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3027456.00   | 0.09%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Essex County Improvement Authority                                               | ESSEX CNTY NJ IMPT AUTH                                      | CUSIP: 296809RF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5233580.00   | 0.15%             | 2024-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JBU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1348902.50   | 0.04%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362A8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $521997.00    | 0.02%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                      | JEA FL ELEC SYS REVENUE                                      | CUSIP: 46613SBF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1216989.60   | 0.04%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Joliet IL                                                                | JOLIET IL                                                    | CUSIP: 479754NF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1138237.00   | 0.03%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615Q97<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |    155000 | PA      | $156633.70    | 0.00%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974D6J2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   8515000 | PA      | $9624632.23   | 0.28%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XBK2<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1254457.58   | 0.04%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CKB7<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |    660000 | PA      | $715817.52    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JEA Electric System Revenue                                                      | JEA FL ELEC SYS REVENUE                                      | CUSIP: 46613SGL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2110000 | PA      | $2285119.45   | 0.07%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crystal Valley Metropolitan District No 2                                        | CRYSTAL VLY CO MET DIST #2                                   | CUSIP: 22941LAE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $263249.75    | 0.01%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                           | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PFE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010071.00   | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CG0<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1276502.09   | 0.04%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Water Reclamation District of Greater Chicago                       | CHICAGO IL MET WTR RECLAMATION DIST GREATER CHICAGO          | CUSIP: 167560TZ4<br>LEI: 254900GOGQEZEWCZ4D37 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058708.00   | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bethlehem Area School District Authority                                         | BETHLEHEM PA AREA SCH DIST AUTH SCH REVENUE                  | CUSIP: 087368AN6<br>LEI: 549300TFB2HAL26FJP41 | Long             | DBT              | MUN               | US        |   2990000 | PA      | $2894568.17   | 0.08%             | 2032-01-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| Cotulla Independent School District                                              | COTULLA TX INDEP SCH DIST                                    | CUSIP: 222057HW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1139694.00   | 0.03%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331U44<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1629643.50   | 0.05%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carson City NV                                                                   | CARSON CITY NV HOSP REVENUE                                  | CUSIP: 145810DK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    605000 | PA      | $639177.66    | 0.02%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365U1<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2679547.50   | 0.08%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UVZ8<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    510000 | PA      | $550132.92    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1054465.00   | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXA7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    735000 | PA      | $745132.71    | 0.02%             | 2036-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A4R4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   2170000 | PA      | $2390320.10   | 0.07%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox & Warren Counties Community Unit School District No 205 Galesburg           | KNOX & WARREN CNTYS IL CMNTY UNIT SCH DIST #205              | CUSIP: 499260GD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1788821.06   | 0.05%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZF1<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    400000 | PA      | $465264.00    | 0.01%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259Y6C8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5201200.00   | 0.15%             | 2028-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P5Q7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $560175.00    | 0.02%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North East Independent School District/TX                                        | NORTH EAST TX INDEP SCH DIST                                 | CUSIP: 659155LU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2972358.00   | 0.09%             | 2049-08-01      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| City of Joliet IL                                                                | JOLIET IL                                                    | CUSIP: 479754NE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1030000 | PA      | $1165486.20   | 0.03%             | 2031-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736F44<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2043368.00   | 0.06%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WKE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3123067.64   | 0.09%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736N86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1021684.00   | 0.03%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446465L2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550245.50   | 0.04%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QRS0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    770000 | PA      | $887044.62    | 0.03%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pontotoc County Educational Facilities Authority                                 | PONTOTOC CNTY OK EDUCTNL FACSAUTH EDUCTNL FACS REVENUE       | CUSIP: 732692CU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $413551.20    | 0.01%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                  | LUZERNE CNTY PA INDL DEV AUTH LEASE REVENUE                  | CUSIP: 55072RBF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526947.00    | 0.02%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HIGHWAY REVENUE                          | CUSIP: 45470RCX2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   8040000 | PA      | $9163131.72   | 0.26%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XDQ1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3965000 | PA      | $4124745.89   | 0.12%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community College District No 508                                    | COOK CNTY IL CMNTY CLG DIST #508                             | CUSIP: 213187CB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1764111.18   | 0.05%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                              | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507PE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1814648.00   | 0.05%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                        | LAS VEGAS NV NEW CONVENTION & VISITORS AUTH REVENUE          | CUSIP: 517704EE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $806771.20    | 0.02%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County Public Utility District No 1                                        | CLARK CNTY WA PUBLIC UTILITY DIST #1 ELEC REVENUE            | CUSIP: 181108C33<br>LEI: 549300YCT5BMOWZSMQ97 | Long             | DBT              | MUN               | US        |    500000 | PA      | $551847.50    | 0.02%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898VF1<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   1095000 | PA      | $1205409.95   | 0.03%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PTB1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4049404.00   | 0.12%             | 2041-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QPN7<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    365000 | PA      | $395853.82    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ANK9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1941397.56   | 0.06%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AFD2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $540752.50    | 0.02%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Walnut Creek Special Utility District                                            | WALNUT CREEK TX SPL UTILITY DIST                             | CUSIP: 932716HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $765061.50    | 0.02%             | 2024-01-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alachua County School Board                                                      | ALACHUA CNTY FL SCH BRD COPS                                 | CUSIP: 01069SFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2270000.25   | 0.07%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rock Island Henry Mercer Etc Counties Community College District No 503          | ROCK ISLAND MERCER ETC CNTYS IL CMNTY CLG DIST #503          | CUSIP: 772606EL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3550479.88   | 0.10%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 4424354N0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7250000 | PA      | $7447816.25   | 0.22%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009QZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2258890.00   | 0.07%             | 2051-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $403868.25    | 0.01%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | CHATOM AL INDL DEV BRD REVENUE                               | CUSIP: 162296AC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1593885.10   | 0.05%             | 2037-08-01      | Floating      | 2.38%                 | No            |                  2 | On Loan: No      |
| County of Waushara WI                                                            | WAUSHARA CNTY WI                                             | CUSIP: 943445CH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4138336.00   | 0.12%             | 2027-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550ZE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031116.00   | 0.03%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Ridge Metropolitan District No 2                                          | SIERRA RIDGE MET DIST #2 CO                                  | CUSIP: 82648CAN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211929.80    | 0.01%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCN1<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1562825.06   | 0.05%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                                | N E OHIO MED UNIV GEN RECPTS                                 | CUSIP: 66433RCM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $331641.00    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                               | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205RCG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $721728.00    | 0.02%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jacksonville FL                                                          | JACKSONVILLE FL SPL REVENUE                                  | CUSIP: 469487FS6<br>LEI: 549300XQE0JVN9WV0J40 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1120570.56   | 0.03%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZG9<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    350000 | PA      | $412310.15    | 0.01%             | 2033-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                          | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268EE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5593365.00   | 0.16%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914PXS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19125000 | PA      | $19369570.50  | 0.56%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AVP4<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    825000 | PA      | $939150.30    | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL                                                                | COOK CNTY IL                                                 | CUSIP: 213185LR0<br>LEI: 5493004UMR7OX4YITE10 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1547976.00   | 0.04%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005XG8<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1855568.75   | 0.05%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas County Utility & Reclamation District                                     | DALLAS CNTY TX UTILITY & RECLAMATION DIST                    | CUSIP: 234839PH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2920000 | PA      | $3033684.36   | 0.09%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $373767.10    | 0.01%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Canadian County Educational Facilities Authority                                 | CANADIAN CNTY OK EDUCTNL FACS AUTH EDUC FACS LEASE REVENUE   | CUSIP: 135521CM2<br>LEI: 549300HPRFS0Z66VHS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073527.00   | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073T9<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1710000 | PA      | $1791744.84   | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EDF0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    650000 | PA      | $750224.80    | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152P70<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3490000 | PA      | $3524812.75   | 0.10%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024495.00   | 0.03%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YFB2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    450000 | PA      | $500485.50    | 0.01%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Municipal Authority                                                 | PHILADELPHIA PA MUNI AUTH REVENUE                            | CUSIP: 717904LD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1375462.63   | 0.04%             | 2025-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                                           | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303UM4<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |    515000 | PA      | $534182.72    | 0.02%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District                                                 | REEDY CREEK FL IMPT DIST                                     | CUSIP: 758449QA3<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    860000 | PA      | $865556.46    | 0.03%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BYG0<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    575000 | PA      | $657798.85    | 0.02%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Authority                                                             | GULF COAST TX WST DISP AUTH                                  | CUSIP: 401905EZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $362397.00    | 0.01%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Scioto OH                                                              | SCIOTO CNTY OH HOSP REVENUE                                  | CUSIP: 808878GQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1733415.48   | 0.05%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Illinois                                                           | UNIV OF ILLINOIS IL REVENUES                                 | CUSIP: 914353K89<br>LEI: 549300VD8PPC4Q5HK850 | Long             | DBT              | MUN               | US        |  11465000 | PA      | $11573424.51  | 0.33%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WYL6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514974.00    | 0.01%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $907893.50    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                      | CUSIP: 677522B86<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   6475000 | PA      | $7105192.33   | 0.21%             | 2027-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Built to Learn Revenue                                | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                 | CUSIP: 574294BE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $671853.60    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                              | CUSIP: 451295XS3<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035220.00   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QLJ3<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1615000 | PA      | $1520023.47   | 0.04%             | 2026-09-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                           | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E3D9<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2496320.00   | 0.07%             | 2062-11-01      | Floating      | 3.40%                 | No            |                  2 | On Loan: No      |
| City of McAllen TX International Toll Bridge Revenue                             | MCALLEN TX INTERNATIONAL TOLL BRIDGE REVENUE                 | CUSIP: 579117GW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $924712.67    | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966LDW8<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   9520000 | PA      | $9636182.08   | 0.28%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345K5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $526699.50    | 0.02%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota State Building Authority                                            | SOUTH DAKOTA ST BLDG AUTH REVENUE                            | CUSIP: 83755LRZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007367.00   | 0.03%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259Y6M6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3611401.50   | 0.10%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450FX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1788514.00   | 0.05%             | 2040-06-01      | Floating      | 0.88%                 | No            |                  2 | On Loan: No      |
| Columbus Multi School Building Corp                                              | COLUMBUS IN MULTI-SCH BLDG CORP                              | CUSIP: 199240EX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $575161.92    | 0.02%             | 2024-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562NC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16060000 | PA      | $16079384.42  | 0.46%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Interlocken Metropolitan District                                                | INTERLOCKEN CONSOL MET DIST CO                               | CUSIP: 45875CAH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533520.00    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Woman's University                                                         | TEXAS ST WOMANS UNIV FING SYSREVENUE                         | CUSIP: 882874MP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2296262.00   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 4423315C4<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2635000 | PA      | $2950056.41   | 0.09%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APR2<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2156392.49   | 0.06%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57583UYK8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    595000 | PA      | $601791.93    | 0.02%             | 2023-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3L5<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2291700.00   | 0.07%             | 2031-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KGY9<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7158571.00   | 0.21%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364D0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1711787.20   | 0.05%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Solid Waste Management Authority                                | LANCASTER CNTY PA SOL WST MGMT AUTH SOL WST DISP REVENUE     | CUSIP: 514061AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2728888.56   | 0.08%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe Public School District                                                  | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088QD9<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |    500000 | PA      | $569487.00    | 0.02%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Ridge Metropolitan District No 2                                          | SIERRA RIDGE MET DIST #2 CO                                  | CUSIP: 82648CAL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    355000 | PA      | $372777.69    | 0.01%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Peoria Metropolitan Airport Authority                                            | PEORIA IL MET ARPT AUTH                                      | CUSIP: 71319RCG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077950.00   | 0.03%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | CUSIP: 13080SYB4<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   5250000 | PA      | $5959038.75   | 0.17%             | 2038-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Modesto CA Wastewater Revenue                                            | MODESTO CA WSTWTR REVENUE                                    | CUSIP: 607802BT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1417685.00   | 0.04%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crystal Valley Metropolitan District No 2                                        | CRYSTAL VLY CO MET DIST #2                                   | CUSIP: 22941LAG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $299056.45    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461368B0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1311987.60   | 0.04%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3164538.00   | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UFX6<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    325000 | PA      | $347217.65    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                                        | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484LM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $809360.80    | 0.02%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | LUBBOCK TX                                                   | CUSIP: 549188TA8<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   4460000 | PA      | $4559395.56   | 0.13%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bexar County Hospital District                                                   | BEXAR CNTY TX HOSP DIST                                      | CUSIP: 088365FD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1065716.00   | 0.03%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333ML45<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2615407.50   | 0.08%             | 2031-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447P6D8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7229320.00   | 0.21%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853RL3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400765.80   | 0.04%             | 2023-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349BC9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2885000 | PA      | $3032625.45   | 0.09%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crystal Valley Metropolitan District No 2                                        | CRYSTAL VLY CO MET DIST #2                                   | CUSIP: 22941LAH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $441594.40    | 0.01%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Public Facility Corp                                   | SAN ANTONIO TX HSG TRUST PUBLIC FAC CORP MF HSG REVENUE      | CUSIP: 79626VAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3077640.00   | 0.09%             | 2026-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893ZY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3505688.79   | 0.10%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009RT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2468587.50   | 0.07%             | 2050-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Energy & Power Authority                                               | LOUISIANA ST ENERGY & PWR AUTH PWR PROJ REVENUE              | CUSIP: 546462DF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $754515.75    | 0.02%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County-Kansas City Unified Government Utility System Revenue           | WYANDOTTE CNTY/KANSAS CITY KS UNIF GOVT UTILITY SYS REVENUE  | CUSIP: 982674JJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011740.00   | 0.03%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KDU0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   2560000 | PA      | $2854696.96   | 0.08%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BD76<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2531887.50   | 0.07%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                              | CUSIP: 717813TA7<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |  14715000 | PA      | $15685792.70  | 0.45%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PEFA Inc                                                                         | PEFA INC IA GAS PROJ REVENUE                                 | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |  49000000 | PA      | $50453977.00  | 1.46%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH REVENUES                  | CUSIP: 89602RCG8<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KD0<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $6631482.00   | 0.19%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153AK5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2448267.60   | 0.07%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBX6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2680000 | PA      | $2882988.56   | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWZ4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    560000 | PA      | $555081.52    | 0.02%             | 2032-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EGQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1295469.20   | 0.04%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HAC1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2509160.75   | 0.07%             | 2045-05-15      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153BW8<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2080942.00   | 0.06%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227PA3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5261795.00   | 0.15%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                | CUSIP: 646039YJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052372.00   | 0.03%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of McAllen TX International Toll Bridge Revenue                             | MCALLEN TX INTERNATIONAL TOLL BRIDGE REVENUE                 | CUSIP: 579117GY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1189789.88   | 0.03%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Turnpike Authority                                                      | KENTUCKY ST TURNPIKE AUTH ECON DEV ROAD REVENUE              | CUSIP: 491552Q40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2559801.06   | 0.07%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                           | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240MH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1213524.40   | 0.04%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                              | HAWAII CNTY HI                                               | CUSIP: 419722Q89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2232592.98   | 0.06%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7C2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3634943.67   | 0.11%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153DJ5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    500000 | PA      | $518232.50    | 0.01%             | 2029-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Orlando FL Tourist Development Tax Revenue                               | ORLANDO FL TOURIST DEV TAX REVENUE                           | CUSIP: 686499BN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065YB4<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2057402.00   | 0.06%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBL0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3705376.50   | 0.11%             | 2053-01-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178237G7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   4050000 | PA      | $4160909.25   | 0.12%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI POLL CONTROL REVENUE                      | CUSIP: 74447HAB4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $11156706.00  | 0.32%             | 2046-10-01      | Floating      | 3.30%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727WH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6347543.75   | 0.18%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | DALLAS TX                                                    | CUSIP: 235219KJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8585000 | PA      | $8782806.99   | 0.25%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WPPI Energy                                                                      | WPPI ENERGY WI PWR SPLY REVENUE                              | CUSIP: 92937NCP7<br>LEI: 5493000UBF6PCV5RXZ13 | Long             | DBT              | MUN               | US        |    250000 | PA      | $271928.75    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BD84<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8244312.00   | 0.24%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Housing & Redevelopment Authority of The City of St Paul Minnesota               | SAINT PAUL MN HSG & REDEV AUTH HLTH CARE FAC REVENUE         | CUSIP: 792905CY5<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    600000 | PA      | $615045.00    | 0.02%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    335000 | PA      | $354499.68    | 0.01%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736N94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2154924.00   | 0.06%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853VD6<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7992656.00   | 0.23%             | 2049-01-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EHW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2659959.30   | 0.08%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                              | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357ZW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061676.00   | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Solid Waste Management Authority                                | LANCASTER CNTY PA SOL WST MGMT AUTH SOL WST DISP REVENUE     | CUSIP: 514061AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4770000 | PA      | $4872998.61   | 0.14%             | 2024-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EGN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1143694.13   | 0.03%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the County of Pima/The                       | PIMA CNTY AZ INDL DEV AUTH                                   | CUSIP: 721901JW7<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3307716.00   | 0.10%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XDR4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2414253.60   | 0.07%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039DT3<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3193278.00   | 0.09%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331K52<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |  23570000 | PA      | $24630461.44  | 0.71%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742186U2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $311637.00    | 0.01%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009HV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $406075.60    | 0.01%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FU24<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1145601.00   | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603ZY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $823149.00    | 0.02%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544646P48<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11950000 | PA      | $12075833.50  | 0.35%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EDB9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1077999.00   | 0.03%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Community School Building Corp                                              | AVON IN CMNTY SCH BLDG CORP                                  | CUSIP: 054071KG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $631541.40    | 0.02%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562PD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1900000.00   | 0.05%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465Q0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $590424.45    | 0.02%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4921225.00   | 0.14%             | 2040-06-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WYM4<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    500000 | PA      | $524086.50    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                                 | HILLSBOROUGH CNTY FL SCH BRD COPS                            | CUSIP: 43232VUX7<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2768404.95   | 0.08%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Skagit County Public Hospital District No 1                                      | SKAGIT CNTY WA PUBLIC HOSP DIST #1                           | CUSIP: 830218FE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2022-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VC77<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1612444.50   | 0.05%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                           | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PFF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5565000 | PA      | $5742056.04   | 0.17%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Interlocken Metropolitan District                                                | INTERLOCKEN CONSOL MET DIST CO                               | CUSIP: 45875CAG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1050642.00   | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Savannah Economic Development Authority                                          | SAVANNAH GA ECON DEV AUTH                                    | CUSIP: 80483BBS1<br>LEI: 549300Q7LO1N6BCXOD30 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3856400.00   | 0.11%             | 2024-08-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FND AUTH                       | CUSIP: 6461355T6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3545000 | PA      | $3605743.58   | 0.10%             | 2023-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy  | LOS ANGELES CNTY CA REDEV REFUNDING AUTH TAX ALLOCATION REV  | CUSIP: 54465AEL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $453559.05    | 0.01%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mount Vernon of Hancock County Multi-School Building Corp                        | MOUNT VERNON OF HANCOCK CNTY IN MULTI-SCH BLDG CORP          | CUSIP: 623619LL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $566159.00    | 0.02%             | 2031-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBC5<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |    750000 | PA      | $752098.50    | 0.02%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153CT4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085054.00   | 0.06%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T4A8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7338149.00   | 0.21%             | 2044-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362B6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  29985000 | PA      | $31680441.86  | 0.92%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KCK3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   7070000 | PA      | $7723473.03   | 0.22%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $184588.25    | 0.01%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crystal Valley Metropolitan District No 2                                        | CRYSTAL VLY CO MET DIST #2                                   | CUSIP: 22941LAF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $240804.00    | 0.01%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                   | CUSIP: 800766NF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051384.00   | 0.03%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Arizona                                                                 | ARIZONA ST COPS                                              | CUSIP: 040588G82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3375000 | PA      | $3582525.38   | 0.10%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of El Paso CO                                                             | EL PASO CNTY CO COPS                                         | CUSIP: 283365HY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1330000 | PA      | $1354760.61   | 0.04%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XYX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039760.00   | 0.03%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AVN9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2255618.00   | 0.07%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HE3<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2276686.00   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261APW1<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2755000 | PA      | $2874594.55   | 0.08%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH ECON DEV REVENUE                            | CUSIP: 232263KF9<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    235000 | PA      | $260429.12    | 0.01%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI DEV BK SPL OBLIG                                 | CUSIP: 60534XJP2<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    395000 | PA      | $408092.28    | 0.01%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                   | CUSIP: 800766LA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1746246.63   | 0.05%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                      | SHREVEPORT LA WTR & SWR REVENUE                              | CUSIP: 825485WF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $965802.21    | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418067D6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $387699.20    | 0.01%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AAJ6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1055000 | PA      | $1091124.26   | 0.03%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TBT3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   4825000 | PA      | $5063654.15   | 0.15%             | 2053-11-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                               | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205RCH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1577752.50   | 0.05%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA ST PUBLIC FACS AUTHREVENUE                         | CUSIP: 546398V47<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5038575.00   | 0.15%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FX2<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1110644.70   | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A4N3<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3757396.25   | 0.11%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $640026.60    | 0.02%             | 2032-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBS7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    475000 | PA      | $480319.05    | 0.01%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Riverside CA                                                           | RIVERSIDE CNTY CA                                            | CUSIP: 769110CW5<br>LEI: 254900CB5HEOBAVTY629 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2571542.40   | 0.07%             | 2023-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DQF6<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2134118.00   | 0.06%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                                  | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J         | CUSIP: 939307HX5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6730000 | PA      | $7243808.58   | 0.21%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TEF9<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    280000 | PA      | $296336.04    | 0.01%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259Y4F3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1300933.59   | 0.04%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WWQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7921162.50   | 0.23%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Hartford CT                                                              | HARTFORD CT                                                  | CUSIP: 416415HD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $825348.00    | 0.02%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065XM1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4114844.00   | 0.12%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Municipal Authority                                                 | PHILADELPHIA PA MUNI AUTH REVENUE                            | CUSIP: 717904LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1365000 | PA      | $1460143.23   | 0.04%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Infrastructure Bank                                                 | RHODE ISLAND ST CLEAN WTR FIN AGY REVENUE                    | CUSIP: 76218RHS0<br>LEI: 54930022Z6KOPRSQCG49 | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2416404.48   | 0.07%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP THERMAL UTILITY RE | CUSIP: 41401PCG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1805697.50   | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 645918M67<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    775000 | PA      | $775743.23    | 0.02%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615VF7<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1340000 | PA      | $1354123.60   | 0.04%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883UT7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    415000 | PA      | $437529.94    | 0.01%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT ENVRNMNTL FACS       | CUSIP: 546751AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7000000.00   | 0.20%             | 2033-06-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | KANSAS ST DEV FIN AUTH HOSP REVENUE                          | CUSIP: 48542AFE6<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |  11315000 | PA      | $12525354.24  | 0.36%             | 2054-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Rock Island Henry Mercer Etc Counties Community College District No 503          | ROCK ISLAND MERCER ETC CNTYS IL CMNTY CLG DIST #503          | CUSIP: 772606EK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4155000 | PA      | $4230571.14   | 0.12%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Modesto CA Wastewater Revenue                                            | MODESTO CA WSTWTR REVENUE                                    | CUSIP: 607802BS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1947419.25   | 0.06%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 649907B35<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2066510.00   | 0.06%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Modesto CA Wastewater Revenue                                            | MODESTO CA WSTWTR REVENUE                                    | CUSIP: 607802BU8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $577058.00    | 0.02%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GZW7<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 0.01%             | 2033-06-15      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $368216.80    | 0.01%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Alabama Gas District/The                                                   | LOWER AL GAS DIST GAS PROJ REVENUE                           | CUSIP: 547804AM6<br>LEI: 549300YTI1NTDG2OVU42 | Long             | DBT              | MUN               | US        |  17175000 | PA      | $17163527.10  | 0.50%             | 2050-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Georgia State Road & Tollway Authority                                           | GEORGIA ST ROAD & TOLLWAY AUTH REVENUE                       | CUSIP: 37358MEP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150869.00   | 0.03%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3H4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1102194.00   | 0.03%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cotulla Independent School District                                              | COTULLA TX INDEP SCH DIST                                    | CUSIP: 222057HY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1115000 | PA      | $1286111.25   | 0.04%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227RY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018425.00   | 0.03%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Plattsburgh NY                                                           | PLATTSBURGH NY                                               | CUSIP: 728041YZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7058597.00   | 0.20%             | 2023-11-17      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742186X6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1536447.10   | 0.04%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145PS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    435000 | PA      | $486221.69    | 0.01%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LW95<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112031.40    | 0.00%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YSX8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1080898.00   | 0.03%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                   | UAB MEDICINE FIN AUTH AL REVENUE                             | CUSIP: 902562AK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4940000 | PA      | $5265210.08   | 0.15%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FT91<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131838.00   | 0.03%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5N0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    840000 | PA      | $907385.64    | 0.03%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EHX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5570000 | PA      | $6030900.79   | 0.17%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TMC4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595220.00   | 0.05%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal                             | SEWARD CNTY KS UNIF SCH DIST #480                            | CUSIP: 818461JN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2225680.80   | 0.06%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Town of Davie FL                                                                 | DAVIE FL EDUCTNL FACS REVENUE                                | CUSIP: 23867PBM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $419092.40    | 0.01%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Laredo TX Sports Venue Sales Tax Revenue                                 | LAREDO TX SPORTS VENUE SALES TAX REVENUE                     | CUSIP: 517015CW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505112.00   | 0.04%             | 2023-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency                                                | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YDJ3<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $944981.00    | 0.03%             | 2027-04-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HDX2<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2289412.00   | 0.07%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447P7V7<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2542717.50   | 0.07%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wise County Industrial Development Authority                                     | WISE CNTY VA INDL DEV AUTH SOL WST & SEWAGE DISP REVENUE     | CUSIP: 977228AD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5155000 | PA      | $4935252.66   | 0.14%             | 2040-11-01      | Floating      | 1.20%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Z87<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3023103.00   | 0.09%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Shelby County Health Educational & Housing Facilities Board                      | SHELBY CNTY TN HLTH EDUCTNL &HSG FACS BRD REVENUE            | CUSIP: 821697R92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2138008.24   | 0.06%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Newark NJ                                                                | NEWARK NJ                                                    | CUSIP: 650367SF3<br>LEI: 5493008RBPM01QHRYX34 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7547917.50   | 0.22%             | 2023-09-29      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBH0<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   8300000 | PA      | $8640706.70   | 0.25%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Public Works Authority                                                   | CLINTON OK PUBLIC WKS AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 188411AP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    870000 | PA      | $962869.02    | 0.03%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Buncombe NC                                                            | BUNCOMBE CNTY NC LTD OBLIG                                   | CUSIP: 120525DL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $617150.40    | 0.02%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Arizona University                                                      | NTHRN AZ UNIV                                                | CUSIP: 6647545U8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $594343.58    | 0.02%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Luzerne PA                                                             | LUZERNE CNTY PA                                              | CUSIP: 550697VE3<br>LEI: 5493001Z1Y4QDISEER29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4124232.00   | 0.12%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Randolph NC                                                            | RANDOLPH CNTY NC LTD OBLIG                                   | CUSIP: 752598AS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $558501.35    | 0.02%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883US9<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    360000 | PA      | $374245.20    | 0.01%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 6450208C5<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    525000 | PA      | $576963.45    | 0.02%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency                                                | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YDL8<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    450000 | PA      | $419438.25    | 0.01%             | 2028-04-01      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615WQ2<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |    610000 | PA      | $624380.14    | 0.02%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073W2<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1242802.92   | 0.04%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FAR6<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1632654.00   | 0.05%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                                 | HILLSBOROUGH CNTY FL SCH BRD COPS                            | CUSIP: 43232VUC3<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |   4835000 | PA      | $5250423.20   | 0.15%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Franklin County Convention Facilities Authority                                  | FRANKLIN CNTY OH CONVENTION FACS AUTH                        | CUSIP: 353174GE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036851.00   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $774436.60    | 0.02%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | E BATON ROUGE PARISH LA SWR COMMISSION REVENUE               | CUSIP: 270618ED9<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |    450000 | PA      | $450690.30    | 0.01%             | 2023-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615WD1<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1675000.00   | 0.05%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WPPI Energy                                                                      | WPPI ENERGY WI PWR SPLY REVENUE                              | CUSIP: 92937NCM4<br>LEI: 5493000UBF6PCV5RXZ13 | Long             | DBT              | MUN               | US        |    605000 | PA      | $635325.63    | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                        | LAS VEGAS NV NEW CONVENTION & VISITORS AUTH REVENUE          | CUSIP: 517704EG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1308047.50   | 0.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FJT3<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  15130000 | PA      | $16883703.17  | 0.49%             | 2053-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MS22<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $15677430.00  | 0.45%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                  | CUSIP: 574193PC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6955000 | PA      | $7196150.72   | 0.21%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Parish of Lafourche LA                                                           | LAFOURCHE PARISH LA REVENUE                                  | CUSIP: 50700RAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    515000 | PA      | $515000.00    | 0.01%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331U28<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   4300000 | PA      | $4587463.60   | 0.13%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No 500 Kansas City                      | WYANDOTTE CNTY KS UNIF SCH DIST #500                         | CUSIP: 982696QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3300000 | PA      | $3487334.40   | 0.10%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365C0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1100751.00   | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | LUBBOCK TX                                                   | CUSIP: 549188TP5<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   4440000 | PA      | $4538949.84   | 0.13%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Water System                                                         | SAN ANTONIO TX WTR REVENUE                                   | CUSIP: 79642GAE2<br>LEI: 549300S7VENCVRZAA322 | Long             | DBT              | MUN               | US        |    425000 | PA      | $427968.20    | 0.01%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lammersville Joint Unified School District                                       | LAMMERSVILLE CA JT UNIF SCH DIST SPL TAX                     | CUSIP: 513533GT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $960905.45    | 0.03%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465L1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $400238.69    | 0.01%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HUW3<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2715917.50   | 0.08%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HD58<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    565000 | PA      | $570729.67    | 0.02%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971X2D9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2961020.00   | 0.09%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                  | LUZERNE CNTY PA INDL DEV AUTH LEASE REVENUE                  | CUSIP: 55072RBC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016208.00   | 0.03%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 79625GBW2<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   6995000 | PA      | $6855086.01   | 0.20%             | 2033-02-01      | Floating      | 1.75%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 65000BNT1<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $4017086.50   | 0.12%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Luzerne PA                                                             | LUZERNE CNTY PA                                              | CUSIP: 550697VD5<br>LEI: 5493001Z1Y4QDISEER29 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2633865.00   | 0.08%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550YN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3595000 | PA      | $3706862.02   | 0.11%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Alabama Gas Supply District/The                                        | S E ALABAMA ST GAS SPLY DIST GAS SPLY REVENUE                | CUSIP: 84131TAQ5<br>LEI: 549300BL04JIB2GJZ178 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $997558.00    | 0.03%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XN87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11782600.00  | 0.34%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                | HAYS CNTY TX                                                 | CUSIP: 421020YY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $523132.00    | 0.02%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WPPI Energy                                                                      | WPPI ENERGY WI PWR SPLY REVENUE                              | CUSIP: 92937NCQ5<br>LEI: 5493000UBF6PCV5RXZ13 | Long             | DBT              | MUN               | US        |    140000 | PA      | $154743.96    | 0.00%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Offshore Terminal Authority                                            | LOUISIANA ST OFFSHORE TERMINAL AUTH DEEPWATER PORT REVENUE   | CUSIP: 546510FP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6150000 | PA      | $6032338.20   | 0.17%             | 2027-09-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CCP5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2703303.45   | 0.08%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Athens-Clarke County Unified Government Development Authority                    | ATHENS-CLARKE CNTY GA UNIF GOVT DEV AUTH REVENUE             | CUSIP: 047059FN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $474184.88    | 0.01%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cape Coral FL Water & Sewer Revenue                                      | CAPE CORAL FL WTR & SWR REVENUE                              | CUSIP: 139372QW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $584313.96    | 0.02%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                      | CUSIP: 677522B52<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4800000 | PA      | $4940894.40   | 0.14%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBD9<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |  21715000 | PA      | $22559648.36  | 0.65%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7D0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1876570.58   | 0.05%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Private Colleges & Universities Authority                                        | PRIV CLGS & UNIVS AUTH GA                                    | CUSIP: 74265LW87<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $138920.00    | 0.00%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community High School District No 233 Homewood-Flossmoor             | COOK CNTY IL CMNTY HIGH SCH DIST #233 HOMEWOOD-FLOSSMOOR     | CUSIP: 216003JL8<br>LEI: 5493008IR2NQNOP1V536 | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2098258.50   | 0.06%             | 2029-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 1964745K2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1226994.80   | 0.04%             | 2036-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 4424355L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5083720.00   | 0.15%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE  | CUSIP: 71783DBJ3<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    485000 | PA      | $495558.45    | 0.01%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Snohomish County School District No 25 Marysville                                | SNOHOMISH CNTY WA SCH DIST #25 MARYSVILLE                    | CUSIP: 833204SD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1713751.30   | 0.05%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782GB9<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |    650000 | PA      | $708146.40    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178237H5<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1985165.60   | 0.06%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh and Allegheny County                 | PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIBITION AUTH HOTE | CUSIP: 724791BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1817785.80   | 0.05%             | 2024-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | LUBBOCK TX                                                   | CUSIP: 549188SZ4<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501095.00    | 0.01%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416SS35<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    160000 | PA      | $149211.20    | 0.00%             | 2029-01-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HEA1<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1174724.00   | 0.03%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hillsboro School District No 1J                                                  | WASHINGTON MULTNOMAH & YAMHILL CNTYS OR SCH DIST #1J         | CUSIP: 939307JM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1442414.30   | 0.04%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                      | SHREVEPORT LA WTR & SWR REVENUE                              | CUSIP: 825485TF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4490000 | PA      | $4638565.12   | 0.13%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Jersey City NJ                                                           | JERSEY CITY NJ                                               | CUSIP: 476576HK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2455000 | PA      | $2482869.16   | 0.07%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151AV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $304790.40    | 0.01%             | 2024-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Connecticut                                                        | UNIV OF CONNECTICUT CT                                       | CUSIP: 9142332Y6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1169057.00   | 0.03%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974D6G8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |  11000000 | PA      | $12009547.00  | 0.35%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Roanoke Economic Development Authority                                           | ROANOKE VA ECON DEV AUTH HOSPREVENUE                         | CUSIP: 770082CB9<br>LEI: 549300P5QQORJY0U4T83 | Long             | DBT              | MUN               | US        |  12960000 | PA      | $14488943.04  | 0.42%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTS AUTH REVENUE                   | CUSIP: 413890CX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9975000 | PA      | $10124146.20  | 0.29%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Boerne School District                                                           | BOERNE TX INDEP SCH DIST                                     | CUSIP: 097067NK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3998580.00   | 0.12%             | 2051-12-01      | Floating      | 2.80%                 | No            |                  2 | On Loan: No      |
| City of Laredo TX Sports Venue Sales Tax Revenue                                 | LAREDO TX SPORTS VENUE SALES TAX REVENUE                     | CUSIP: 517015CX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306778.50    | 0.01%             | 2024-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AYR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2062322.00   | 0.06%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364A6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1688283.25   | 0.05%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349BD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3245000 | PA      | $3479327.94   | 0.10%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367W5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $546598.50    | 0.02%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona State University                                                         | ARIZONA ST UNIV COPS                                         | CUSIP: 040660JR4<br>LEI: 254900BLZ1MCZ5JLK411 | Long             | DBT              | MUN               | US        |   5580000 | PA      | $5652428.40   | 0.16%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cape Coral FL Water & Sewer Revenue                                      | CAPE CORAL FL WTR & SWR REVENUE                              | CUSIP: 139372QY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2977577.78   | 0.09%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP THERMAL UTILITY RE | CUSIP: 41401PCH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1244509.30   | 0.04%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178238J0<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1058398.00   | 0.03%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990APJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   4135000 | PA      | $4648513.25   | 0.13%             | 2029-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaufort-Jasper Water & Sewer Authority                                          | BEAUFORT-JASPER SC WTR & SWR AUTH WTRWKS & SWR SYS REVENUE   | CUSIP: 074358FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047478.00   | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883UR1<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    470000 | PA      | $481281.41    | 0.01%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | CHATOM AL INDL DEV BRD GULF OPPORTUNITY ZONE                 | CUSIP: 16229PAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $514286.24    | 0.01%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EHU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524925.50   | 0.04%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450FR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4316427.00   | 0.12%             | 2040-06-01      | Floating      | 1.15%                 | No            |                  2 | On Loan: No      |
| City of Orlando FL Tourist Development Tax Revenue                               | ORLANDO FL TOURIST DEV TAX REVENUE                           | CUSIP: 686499BS2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1196123.50   | 0.03%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WPPI Energy                                                                      | WPPI ENERGY WI PWR SPLY REVENUE                              | CUSIP: 92937NCL6<br>LEI: 5493000UBF6PCV5RXZ13 | Long             | DBT              | MUN               | US        |    330000 | PA      | $339647.22    | 0.01%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817UU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $841918.50    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073X0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1116606.30   | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sangamon County School District No 186 Springfield                               | SANGAMON CNTY IL SCH DIST #186 SPRINGFIELD                   | CUSIP: 800766NG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1315050.00   | 0.04%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WYP7<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    675000 | PA      | $728345.25    | 0.02%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BZE4<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    500000 | PA      | $575716.50    | 0.02%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88034YQ94<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7200000 | PA      | $7200000.00   | 0.21%             | 2061-12-01      | Floating      | 3.86%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                                | IDAHO ST HLTH FACS AUTH REVENUE                              | CUSIP: 451295XH7<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2031774.00   | 0.06%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manatee County School District                                                   | MANATEE CNTY FL SCH DIST SALES TAX REVENUE                   | CUSIP: 56185PCE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2163332.00   | 0.06%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736N78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $655736.90    | 0.02%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp for Pickens School District                    | SCAGO SC EDUCTNL FACS CORP FOR PICKENS SCH DIST              | CUSIP: 80585TCB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1045787.00   | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                | CUSIP: 646039YH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1715000 | PA      | $1765064.28   | 0.05%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Water & Wastewater Revenue                               | PHILADELPHIA PA WTR & WSTWTR REVENUE                         | CUSIP: 717893A27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2227808.52   | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Douglas County Hospital Authority No 3                                           | DOUGLAS CNTY NE HOSP AUTH #3                                 | CUSIP: 259234CC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2100847.02   | 0.06%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 5178406P4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18630000 | PA      | $19645484.04  | 0.57%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plum Boro School District/PA                                                     | PLUM BORO PA SCH DIST                                        | CUSIP: 729212PM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1909702.93   | 0.06%             | 2024-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox & Warren Counties Community Unit School District No 205 Galesburg           | KNOX & WARREN CNTYS IL CMNTY UNIT SCH DIST #205              | CUSIP: 499260GE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $2014511.25   | 0.06%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                              | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357ZS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14500000 | PA      | $14780314.00  | 0.43%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304SD2<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   7365000 | PA      | $7451428.28   | 0.22%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Energy & Power Authority                                               | LOUISIANA ST ENERGY & PWR AUTH PWR PROJ REVENUE              | CUSIP: 546462CY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1740000.00   | 0.05%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pasco County School Board                                                        | PASCO CNTY FL SCH BRD COPS                                   | CUSIP: 702528MK3<br>LEI: 549300NYEDMC7IDJPE68 | Long             | DBT              | MUN               | US        |    750000 | PA      | $872664.75    | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 5178406L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15995000 | PA      | $16130157.75  | 0.47%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE | CUSIP: 762197NM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1416800.00   | 0.04%             | 2023-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059R99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1702734.00   | 0.05%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Flood Control District                                             | HARRIS CNTY TX FLOOD CONTROL DIST                            | CUSIP: 4140186P1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3775000 | PA      | $4082281.23   | 0.12%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FAV9<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   6780000 | PA      | $6540882.96   | 0.19%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Louisiana Gasoline & Fuels Tax Revenue                                  | LOUISIANA ST GAS & FUELS TAX REVENUE                         | CUSIP: 546475VU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2975000 | PA      | $2759800.40   | 0.08%             | 2043-05-01      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                | CUSIP: 646039YN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8472187.50   | 0.24%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024XU1<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1489738.50   | 0.04%             | 2056-04-01      | Floating      | 4.07%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MTB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000000.00   | 0.03%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE  | CUSIP: 71783DBL8<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    500000 | PA      | $528490.00    | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                                | N E OHIO MED UNIV GEN RECPTS                                 | CUSIP: 66433RCP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $352882.22    | 0.01%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North City West School Facilities Financing Authority                            | NORTH CITY CA WEST SCH FACS FING AUTH SPL TAX                | CUSIP: 658620FA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4545000 | PA      | $4551490.26   | 0.13%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1339806.25   | 0.04%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157573.80    | 0.00%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District                                                 | REEDY CREEK FL IMPT DIST                                     | CUSIP: 758449QB1<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |    850000 | PA      | $869906.15    | 0.03%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276RFD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2300000 | PA      | $2662751.40   | 0.08%             | 2033-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FY0<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030491.00   | 0.03%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178238A9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    200000 | PA      | $202530.60    | 0.01%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039DU0<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1350951.25   | 0.04%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MBM6<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    750000 | PA      | $847284.00    | 0.02%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of El Paso CO                                                             | EL PASO CNTY CO COPS                                         | CUSIP: 283365KN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $564133.44    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XMF5<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2600720.00   | 0.08%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11205000 | PA      | $11819325.33  | 0.34%             | 2043-04-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772JWF5<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   5550000 | PA      | $5623248.90   | 0.16%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145PQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $436154.00    | 0.01%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88035A5R8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5985000 | PA      | $5985000.00   | 0.17%             | 2042-06-01      | Floating      | 3.96%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QYQ7<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2366938.00   | 0.07%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | KANSAS CITY MO                                               | CUSIP: 484873RG1<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142460.00   | 0.03%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Eau Claire Area School District/WI                                               | EAU CLAIRE WI AREA SCH DIST                                  | CUSIP: 278445JD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8035720.00   | 0.23%             | 2023-06-21      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FAP0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    300000 | PA      | $315459.60    | 0.01%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3655000 | PA      | $3928452.48   | 0.11%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cook IL Sales Tax Revenue                                              | COOK CNTY IL SALES TAX REVENUE                               | CUSIP: 213248BQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2431415.25   | 0.07%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Manatee FL Public Utilities Revenue                                    | MANATEE CNTY FL PUBLIC UTILITIES REVENUE                     | CUSIP: 561851HN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    470000 | PA      | $493366.99    | 0.01%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County School District No 170 Chicago Heights                               | COOK CNTY IL SCH DIST #170 CHICAGO HEIGHTS                   | CUSIP: 215381JB1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1190000 | PA      | $1230512.36   | 0.04%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DDS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10910000 | PA      | $10686301.36  | 0.31%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534TNB7<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250000.00   | 0.04%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742186Y4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1289870.98   | 0.04%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Carson City NV                                                                   | CARSON CITY NV HOSP REVENUE                                  | CUSIP: 145810DF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $504179.00    | 0.01%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Convention & Visitors Authority                                        | LAS VEGAS NV NEW CONVENTION & VISITORS AUTH REVENUE          | CUSIP: 517704EH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1064782.00   | 0.03%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community College District No 508                                    | COOK CNTY IL CMNTY CLG DIST #508                             | CUSIP: 213187CA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1647293.38   | 0.05%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Central Texas Turnpike System                                                    | TEXAS ST TRANSPRTN COMMISSION CENTRAL TX TURNPIKE SYS REVENU | CUSIP: 88283KBA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    730000 | PA      | $736194.78    | 0.02%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898VE4<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1812242.80   | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Income Tax Revenue                                          | CLEVELAND OH INCOME TAX REVENUE                              | CUSIP: 186387HD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    630000 | PA      | $639810.99    | 0.02%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727WJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4649364.00   | 0.13%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Built to Learn Revenue                                | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                 | CUSIP: 574294BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $935017.88    | 0.03%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333PN79<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2592600.00   | 0.07%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal                             | SEWARD CNTY KS UNIF SCH DIST #480                            | CUSIP: 818461JL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1405000 | PA      | $1484114.15   | 0.04%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                              | HAWAII CNTY HI                                               | CUSIP: 419722P72<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1606182.00   | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Housing Trust Finance Corp                                           | SAN ANTONIO TX HSG TRUST FIN CORP MF HSG REVENUE             | CUSIP: 79626PAP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1455958.50   | 0.04%             | 2026-03-01      | Floating      | 1.45%                 | No            |                  2 | On Loan: No      |
| Columbus County Industrial Facilities & Pollution Control Financing Authority    | COLUMBUS CNTY NC INDL FACS & POLL CONTROL FING AUTH REVENUE  | CUSIP: 199048AC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1059172.40   | 0.03%             | 2033-11-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $283849.54    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447P6E6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8270400.00   | 0.24%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584YPF0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3694143.75   | 0.11%             | 2049-07-01      | Floating      | 4.26%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Home Ownership Revenue        | WISCONSIN ST HSG & ECON DEV AUTH HOME OWNERSHIP REVENUE      | CUSIP: 97689QLP9<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1546068.83   | 0.04%             | 2029-03-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TUP6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1091486.00   | 0.03%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | ALLEGHENY CNTY PA HGR EDU BLDG AUTH UNIV REVENUE             | CUSIP: 01728RKP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $508988.00    | 0.01%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWY7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1015450.80   | 0.03%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County-Houston Sports Authority                                           | HARRIS CNTY-HOUSTON TX SPORTS AUTH REVENUE                   | CUSIP: 413890CY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7930000 | PA      | $8202712.70   | 0.24%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152P88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3718671.10   | 0.11%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790RJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $66321.84     | 0.00%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $158725.35    | 0.00%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DN77<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  16065000 | PA      | $16658376.84  | 0.48%             | 2054-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Public Works Authority                                                   | CLINTON OK PUBLIC WKS AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 188411AN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1620000 | PA      | $1780702.38   | 0.05%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88034X5B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7750000 | PA      | $7750000.00   | 0.22%             | 2061-07-01      | Floating      | 3.72%                 | No            |                  2 | On Loan: No      |
| Santa Fe Public School District                                                  | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088QB3<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |   2675000 | PA      | $3061941.43   | 0.09%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                      | SHREVEPORT LA WTR & SWR REVENUE                              | CUSIP: 825485WE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $1003407.30   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST COPS                                           | CUSIP: 939720WV6<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   3650000 | PA      | $3847034.30   | 0.11%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hays TX                                                                | HAYS CNTY TX                                                 | CUSIP: 421020YW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1503463.50   | 0.04%             | 2023-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Boone KY                                                               | BOONE CNTY KY POLL CONTROL REVENUE                           | CUSIP: 098792AQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4930390.00   | 0.14%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWG5<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1618020.00   | 0.05%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603ZW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074738.00   | 0.03%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009PP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1389893.70   | 0.04%             | 2032-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH HLTH CARE FACS REVENUE                      | CUSIP: 46246PMA6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2017706.00   | 0.06%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TEE2<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    270000 | PA      | $285729.93    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145BY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $297149.08    | 0.01%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XME8<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   3020000 | PA      | $3090671.02   | 0.09%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH REVENUE                         | CUSIP: 54811GG38<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |    725000 | PA      | $743012.63    | 0.02%             | 2024-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653HU8<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007673.00   | 0.03%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Spears/Lifers Trust                                                | DEUTSCHE BANK SPEARS/LIFERS TRUST VARIOUS STATES             | CUSIP: 25155W5W5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5780000 | PA      | $5780000.00   | 0.17%             | 2058-10-01      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH STUDENT HSG REVENUE              | CUSIP: 13049YFA4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    345000 | PA      | $379824.65    | 0.01%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Ridge Metropolitan District No 2                                          | SIERRA RIDGE MET DIST #2 CO                                  | CUSIP: 82648CAJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Montana Facility Finance Authority                                               | MONTANA ST FAC FIN AUTH REVENUE                              | CUSIP: 61204KNR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1150475.00   | 0.03%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $540681.50    | 0.02%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                             | CHARLOTTE NC COPS                                            | CUSIP: 161037Q58<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   2145000 | PA      | $2180450.42   | 0.06%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550F80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1865000 | PA      | $1885421.75   | 0.05%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Public Works Authority                                                   | CLINTON OK PUBLIC WKS AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 188411AR3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $978421.50    | 0.03%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                      | CUSIP: 677522B78<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2985672.45   | 0.09%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Toledo OH Water System Revenue                                           | TOLEDO OH WTRWKS REVENUE                                     | CUSIP: 889396SN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1143373.00   | 0.03%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                | CUSIP: 646039YG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004139.00   | 0.03%             | 2023-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBF4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |  15385000 | PA      | $16088417.59  | 0.47%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870MS6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1039222.00   | 0.03%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA Water & Sewer Revenue                                      | SHREVEPORT LA WTR & SWR REVENUE                              | CUSIP: 825485TE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4245000 | PA      | $4308271.73   | 0.12%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603ZV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennessee Energy Acquisition Corp                                                | TENNESSEE ENERGY ACQUISITION CORP COMMODITY PROJECT REVENUE  | CUSIP: 88044TAL3<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |  23000000 | PA      | $24205430.00  | 0.70%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tender Option Bond Trust Receipts/Certificates                                   | TENDER OPTION BOND TRUST RECEIPTS / CTFS VARIOUS STATES      | CUSIP: 88034YM49<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7275000 | PA      | $7275000.00   | 0.21%             | 2064-06-01      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                           | UTAH ST TRANSIT AUTH SALES TAX REVENUE                       | CUSIP: 917567BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    825000 | PA      | $849991.73    | 0.02%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Municipal Authority                                                 | PHILADELPHIA PA MUNI AUTH REVENUE                            | CUSIP: 717904LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1210000 | PA      | $1214515.72   | 0.04%             | 2023-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pulaski Community School District                                                | PULASKI WI CMNTY SCH DIST                                    | CUSIP: 745763LH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8517969.00   | 0.25%             | 2023-07-12      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rogers County Educational Facilities Authority                                   | ROGERS CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE  | CUSIP: 77514RBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5532450.00   | 0.16%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DN51<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |  10485000 | PA      | $10495443.06  | 0.30%             | 2054-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of El Paso CO                                                             | EL PASO CNTY CO COPS                                         | CUSIP: 283365KM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $590647.65    | 0.02%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Harris County Regional Water Authority                                     | N HARRIS CNTY TX REGL WTR AUTH                               | CUSIP: 65956NGP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1608522.05   | 0.05%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 4424355M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5193145.00   | 0.15%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TCN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1376473.50   | 0.04%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XRT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1152155.00   | 0.03%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt River Project Agricultural Improvement & Power District                     | SALT RIVER AZ PROJ AGRIC IMPT& PWR DIST ELEC SYS REVENUE     | CUSIP: 79574CCM3<br>LEI: SHB8HO6GKXJ83RX5OV39 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4448912.00   | 0.13%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                 | CUSIP: 645780FH5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521064.50   | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178238B7<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1030354.00   | 0.03%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County School Board                                                      | VOLUSIA CNTY FL SCH BRD COPS                                 | CUSIP: 92884EHB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1031171.00   | 0.03%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                               | OREGON ST HLTH & SCIENCE UNIV REVENUE                        | CUSIP: 685869HJ1<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |  11780000 | PA      | $13720707.88  | 0.40%             | 2046-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MP41<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8199136.00   | 0.24%             | 2024-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416SG61<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |   6195000 | PA      | $6173063.51   | 0.18%             | 2041-07-01      | Floating      | 4.21%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DQE9<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1306128.59   | 0.04%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox & Warren Counties Community Unit School District No 205 Galesburg           | KNOX & WARREN CNTYS IL CMNTY UNIT SCH DIST #205              | CUSIP: 499260FZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1310000 | PA      | $1369155.67   | 0.04%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST SPL OBLG DEDICATED TAX REVENUE              | CUSIP: 576002DG1<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   8300000 | PA      | $9437075.10   | 0.27%             | 2029-01-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH COPS                                        | CUSIP: 23225PAH8<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |  11515000 | PA      | $11811154.29  | 0.34%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BKT0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1187484.42   | 0.03%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County School Board/The                                                      | LEE CNTY FL SCH BRD COPS                                     | CUSIP: 523494NY4<br>LEI: 54930014H67DITNA1Q29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010512.00   | 0.03%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Hawaii HI                                                              | HAWAII CNTY HI                                               | CUSIP: 419722R96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $535394.00    | 0.02%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Community School Building Corp                                              | AVON IN CMNTY SCH BLDG CORP                                  | CUSIP: 054071KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1468797.84   | 0.04%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Pinal AZ                                                               | PINAL CNTY AZ REVENUE OBLGS                                  | CUSIP: 72205RCF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1112031.80   | 0.03%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Income Tax Revenue                                          | CLEVELAND OH INCOME TAX REVENUE                              | CUSIP: 186387TR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $1036230.58   | 0.03%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550F98<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2010676.20   | 0.06%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kane McHenry Cook & De Kalb Counties Unit School District No 300/IL              | KANE MCHENRY COOK & DEKALB CNTYS IL UNIT SCH DIST #300       | CUSIP: 484080SG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7150000 | PA      | $7269562.30   | 0.21%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL TRANSPRTN DIST CO COPS                                  | CUSIP: 75913THJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4030048.00   | 0.12%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda County Joint Powers Authority                                            | ALAMEDA CNTY CA JT PWRS AUTH LEASE REVENUE                   | CUSIP: 010831CR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3200000 | PA      | $3262227.20   | 0.09%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Urban Development Corp                                            | NEW YORK ST URBAN DEV CORP REVENUE                           | CUSIP: 6500356R4<br>LEI: 54930039Y2EMGXN6LM88 | Long             | DBT              | MUN               | US        |   4715000 | PA      | $5162906.14   | 0.15%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Housing Finance Corp                                                     | HOUSTON TX HSG FIN CORP MF HSG REVENUE                       | CUSIP: 442396EK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6044124.00   | 0.17%             | 2025-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465N7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $698331.48    | 0.02%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                              | CUSIP: 74442CCP7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    745000 | PA      | $817762.66    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe Springs Community Development Commission Successor Agency               | SANTA FE SPRINGS CA CMNTY DEV COMMISSION                     | CUSIP: 80218MEU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6639913.00   | 0.19%             | 2024-09-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL                                                              | LAKELAND FL HOSP SYS REVENUE                                 | CUSIP: 511665KB6<br>LEI: XRPK4ZALF4437WO3JQ94 | Long             | DBT              | MUN               | US        |     65000 | PA      | $69037.35     | 0.00%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 649907A93<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2533972.50   | 0.07%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Municipal Water Finance Authority                                  | NEW YORK CITY NY MUNI WTR FIN AUTH WTR & SWR SYS REVENUE     | CUSIP: 64972GWD2<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $12227995.50  | 0.35%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE | CUSIP: 762197TF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $525058.50    | 0.02%             | 2025-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                                           | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303VG6<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |   5775000 | PA      | $6109245.45   | 0.18%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| McHenry County Conservation District                                             | MCHENRY CNTY IL CONSV DIST                                   | CUSIP: 580818GE6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2092610.00   | 0.06%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                             | CLEVELAND OH                                                 | CUSIP: 186343N39<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   3610000 | PA      | $3842888.32   | 0.11%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 6459165H6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2750000 | PA      | $3007468.75   | 0.09%             | 2027-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |  25830000 | PA      | $26649043.47  | 0.77%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974D6E3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5444556.00   | 0.16%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Orlando FL Tourist Development Tax Revenue                               | ORLANDO FL TOURIST DEV TAX REVENUE                           | CUSIP: 686499BP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1861455.60   | 0.05%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366C0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   6035000 | PA      | $6419918.34   | 0.19%             | 2026-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252PB9<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2085224.00   | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Du Page Cook & Will Counties Community College District No 502                   | DU PAGE COOK & WILL CNTYS IL CMNTY CLG DIST #502             | CUSIP: 262615KK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5141275.00   | 0.15%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago Heights IL                                                       | CHICAGO HEIGHTS IL MF REVENUE                                | CUSIP: 167403AC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14799000 | PA      | $14692876.37  | 0.42%             | 2027-08-01      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                              | CUSIP: 717813VJ5<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |  10710000 | PA      | $11286819.18  | 0.33%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MTD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1645000 | PA      | $1679229.16   | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dearborn School District                                                         | DEARBORN MI SCH DIST                                         | CUSIP: 242595RS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $626917.50    | 0.02%             | 2023-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH                                                             | CLEVELAND OH                                                 | CUSIP: 186343N21<br>LEI: 549300IQSLQPCVVMKJ96 | Long             | DBT              | MUN               | US        |   3555000 | PA      | $3783366.09   | 0.11%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                      | CUSIP: 677522B60<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $2948640.80   | 0.09%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                                           | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303VH4<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3200610.00   | 0.09%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Royal Oak Hospital Finance Authority                                             | ROYAL OAK MI HOSP FIN AUTH                                   | CUSIP: 780486GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1257140.52   | 0.04%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LMV3<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1983366.00   | 0.06%             | 2039-09-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870MT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051351.00   | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Santa Fe Public School District                                                  | SANTA FE NM PUBLIC SCH DIST                                  | CUSIP: 802088PT5<br>LEI: 54930082JUO16DJWGD91 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1271283.75   | 0.04%             | 2024-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HV90<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2626650.00   | 0.08%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $322695.60    | 0.01%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034AV49<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3029883.00   | 0.09%             | 2047-10-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615WE9<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1760000 | PA      | $1778550.40   | 0.05%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plum Boro School District/PA                                                     | PLUM BORO PA SCH DIST                                        | CUSIP: 729212PL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1514490.32   | 0.04%             | 2023-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615VV2<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   3215000 | PA      | $3215000.00   | 0.09%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Community School Building Corp                                              | AVON IN CMNTY SCH BLDG CORP                                  | CUSIP: 054071KE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $293760.90    | 0.01%             | 2024-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 7962532J0<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7171199.00   | 0.21%             | 2024-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tarrant County College District                                                  | TARRANT CNTY TX CLG DIST                                     | CUSIP: 87638KCV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2956317.50   | 0.09%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muskogee Industrial Trust                                                        | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE            | CUSIP: 62813NAV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $877600.35    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH HOSP REVENUE               | CUSIP: 69651ABR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $212064.40    | 0.01%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648A5Y7<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    740000 | PA      | $780996.74    | 0.02%             | 2026-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PLG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $233574.88    | 0.01%             | 2026-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal                             | SEWARD CNTY KS UNIF SCH DIST #480                            | CUSIP: 818461JM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2288071.59   | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EDD5<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118286.00   | 0.03%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059R73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $3257674.40   | 0.09%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | DALLAS TX                                                    | CUSIP: 235219KH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9350000 | PA      | $9562749.90   | 0.28%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914PXU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14825000 | PA      | $15690483.50  | 0.45%             | 2025-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971WVW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1057930.00   | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Income Tax Revenue                                          | CLEVELAND OH INCOME TAX REVENUE                              | CUSIP: 186387TQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1072044.68   | 0.03%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Phoenix Civic Improvement Corp                                           | PHOENIX AZ CIVIC IMPT CORP EXCISE TAX REVENUE                | CUSIP: 71884AYQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1830000 | PA      | $1848043.80   | 0.05%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New Haven CT                                                             | NEW HAVEN CT                                                 | CUSIP: 6450208D3<br>LEI: 549300U4OHEAZ124LQ06 | Long             | DBT              | MUN               | US        |    450000 | PA      | $500251.05    | 0.01%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461363J8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4240000 | PA      | $4464215.44   | 0.13%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FV76<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   6500000 | PA      | $7427218.50   | 0.21%             | 2030-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TQG1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1096670.00   | 0.03%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County School District                                                | PALM BEACH CNTY FL SCH BRD COPS                              | CUSIP: 696550YM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3538300.50   | 0.10%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1007991.00   | 0.03%             | 2050-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Airport Passenger Facility Charge                             | ATLANTA GA ARPT PASSENGER FAC CHARGE REVENUE                 | CUSIP: 04780TCP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2549505.00   | 0.07%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWV3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    910000 | PA      | $909558.65    | 0.03%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Wastewater Transmission Revenue                               | CHICAGO IL WSTWTR TRANSMISSION REVENUE                       | CUSIP: 167727WK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $516773.50    | 0.01%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBJ0<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2067520.00   | 0.06%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                                | CLEVELAND CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVEN | CUSIP: 18604TDU9<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   4250000 | PA      | $4352454.75   | 0.13%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224YP8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1061279.00   | 0.03%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AEW3<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1660000 | PA      | $1672918.12   | 0.05%             | 2026-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency                                                | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YDQ7<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1197296.76   | 0.03%             | 2030-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Philadelphia Municipal Authority                                                 | PHILADELPHIA PA MUNI AUTH REVENUE                            | CUSIP: 717904LE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $712264.73    | 0.02%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Suffolk NY                                                             | SUFFOLK CNTY NY                                              | CUSIP: 86476PWQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $790183.50    | 0.02%             | 2025-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Dare NC                                                                | DARE CNTY NC LIMITED OBLIG                                   | CUSIP: 23720ECE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $705961.90    | 0.02%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP THERMAL UTILITY RE | CUSIP: 41401PCE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407042.40    | 0.01%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaufort-Jasper Water & Sewer Authority                                          | BEAUFORT-JASPER SC WTR & SWR AUTH WTRWKS & SWR SYS REVENUE   | CUSIP: 074358FF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1024372.00   | 0.03%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroeville Finance Authority                                                    | MONROEVILLE PA FIN AUTH UPMC REVENUE                         | CUSIP: 611530DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1674388.50   | 0.05%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772JF31<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |  11015000 | PA      | $11590071.12  | 0.34%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | ORANGE CNTY FL SCH BRD COPS                                  | CUSIP: 684517QN8<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1493209.54   | 0.04%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | LUBBOCK TX                                                   | CUSIP: 549188TQ3<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5978703.38   | 0.17%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZM9<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   4860000 | PA      | $5099695.20   | 0.15%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westchester County Local Development Corp                                        | WESTCHESTER CNTY NY LOCAL DEV CORP REVENUE                   | CUSIP: 95737TED4<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    300000 | PA      | $313778.70    | 0.01%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178237F9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3786705.00   | 0.11%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136Z95<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3077532.00   | 0.09%             | 2024-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lower Colorado River Authority                                                   | LOWER COLORADO RIVER TX AUTH TRANSMISSION CONTRACT REVENUE   | CUSIP: 54811BYD7<br>LEI: 549300QJFPW2NNBYR215 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UFV0<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    700000 | PA      | $721861.00    | 0.02%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MCU8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015605.00   | 0.03%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261ADL8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   3450000 | PA      | $3598512.15   | 0.10%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | ALLEGHENY CNTY PA HGR EDU BLDG AUTH UNIV REVENUE             | CUSIP: 01728RKN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300697.20    | 0.01%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST ALGAS PREPAY REVENUE              | CUSIP: 09182RAR2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  10500000 | PA      | $10448875.50  | 0.30%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526H9<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    125000 | PA      | $129376.25    | 0.00%             | 2025-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JBV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3281181.00   | 0.09%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sunshine State Governmental Financing Commission                                 | SUNSHINE FL ST GOVERNMENTAL FING COMMISSION                  | CUSIP: 867868FW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2125118.10   | 0.06%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTHREVENUE                         | CUSIP: 68450LGS8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $228300.66    | 0.01%             | 2052-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074359.00   | 0.03%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WYN2<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    425000 | PA      | $452265.03    | 0.01%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox & Warren Counties Community Unit School District No 205 Galesburg           | KNOX & WARREN CNTYS IL CMNTY UNIT SCH DIST #205              | CUSIP: 499260GC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1692046.13   | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593VJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1861891.50   | 0.05%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MJN7<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1482146.70   | 0.04%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chatom Industrial Development Board                                              | CHATOM AL INDL DEV BRD GULF OPPORTUNITY ZONE                 | CUSIP: 16229PAY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $441864.40    | 0.01%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Public Works Authority                                                   | CLINTON OK PUBLIC WKS AUTH EDUCTNL FACS LEASE REVENUE        | CUSIP: 188411AQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $1035467.58   | 0.03%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBW8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2876998.50   | 0.08%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDLDEV CITY SVC AGREEMENT REVENUE  | CUSIP: 71783DBK0<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    540000 | PA      | $561522.24    | 0.02%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067DU9<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    600000 | PA      | $689255.40    | 0.02%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cotulla Independent School District                                              | COTULLA TX INDEP SCH DIST                                    | CUSIP: 222057HV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $797191.55    | 0.02%             | 2029-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366N93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1845000 | PA      | $2084302.04   | 0.06%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                              | CUSIP: 717813SZ3<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   7965000 | PA      | $8343297.68   | 0.24%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Statewide Communities Development Authority                           | CALIFORNIA ST STWD CMNTYS DEVAUTH STUDENT HSG REVENUE        | CUSIP: 13078RHQ6<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2250240.00   | 0.07%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL TRANSPRTN DIST CO COPS                                  | CUSIP: 75913THH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4028580.00   | 0.12%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Beaufort-Jasper Water & Sewer Authority                                          | BEAUFORT-JASPER SC WTR & SWR AUTH WTRWKS & SWR SYS REVENUE   | CUSIP: 074358FE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003216.00   | 0.03%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe & St Clair Counties Community Unit School District No 5 Waterloo          | MONROE & SAINT CLAIR CNTYS ILCMNTY UNIT SCH DIST #5          | CUSIP: 610253DF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $460320.75    | 0.01%             | 2024-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Manatee FL                                                             | MANATEE CNTY FL POLL CONTROL REVENUE                         | CUSIP: 561845AC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9000000.00   | 0.26%             | 2024-09-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| City of Toledo OH Water System Revenue                                           | TOLEDO OH WTRWKS REVENUE                                     | CUSIP: 889396QE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1762404.00   | 0.05%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBT5<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1641640.00   | 0.05%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWE0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076377.00   | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of San Antonio TX Electric & Gas Systems Revenue                            | SAN ANTONIO TX ELEC & GAS REVENUE                            | CUSIP: 7962532D3<br>LEI: 5493002G2FEH20Q4GQ04 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1049481.00   | 0.03%             | 2025-02-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345R0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1126373.00   | 0.03%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of La Salle TX                                                            | LA SALLE CNTY TX                                             | CUSIP: 504678CJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4010000 | PA      | $4169517.80   | 0.12%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST COPS                                           | CUSIP: 939720WW4<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   4745000 | PA      | $5102810.96   | 0.15%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136V40<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5131510.00   | 0.15%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                           | UTAH ST TRANSIT AUTH SALES TAX REVENUE                       | CUSIP: 917567BJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $782037.00    | 0.02%             | 2023-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HD66<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    800000 | PA      | $823240.80    | 0.02%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Trust for Cultural Resources of The City of New York/The                         | NEW YORK CITY NY TRUST FOR CULTURAL RESOURCES                | CUSIP: 649717UE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2696592.50   | 0.08%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JBW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2766190.00   | 0.08%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | CUMBERLAND CNTY PA MUNI AUTH                                 | CUSIP: 230614NR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    925000 | PA      | $1028233.70   | 0.03%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EDC7<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1098627.00   | 0.03%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 517845AP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $430680.00    | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Income Tax Revenue                                          | CLEVELAND OH INCOME TAX REVENUE                              | CUSIP: 186387FZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1155000 | PA      | $1172986.82   | 0.03%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A4K9<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1573561.50   | 0.05%             | 2025-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UFU2<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    965000 | PA      | $976814.50    | 0.03%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Board of Regents                                                         | ARIZONA BRD OF RGTS COPS                                     | CUSIP: 04048PLF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $858715.26    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Crystal Valley Metropolitan District No 2                                        | CRYSTAL VLY CO MET DIST #2                                   | CUSIP: 22941LAK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $408708.00    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank Spears/Lifers Trust                                                | DEUTSCHE BANK SPEARS/LIFERS SER TRUST                        | CUSIP: 25160RMA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20500000 | PA      | $20500000.00  | 0.59%             | 2058-10-01      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| Seward County Unified School District No 480 Liberal                             | SEWARD CNTY KS UNIF SCH DIST #480                            | CUSIP: 818461JK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $465307.65    | 0.01%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Airport Authority                                                   | WAYNE CNTY MI ARPT AUTH REVENUE                              | CUSIP: 944514F45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $910826.40    | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muskogee Industrial Trust                                                        | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE            | CUSIP: 62813NAU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $458465.85    | 0.01%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TQC0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1037869.00   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304SX8<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2551487.40   | 0.07%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                           | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE          | CUSIP: 593338AK2<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037470.00   | 0.06%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County Health Facilities Authority                                        | ORANGE CNTY FL HLTH FACS AUTHREVENUE                         | CUSIP: 68450LGT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3290000 | PA      | $3497013.38   | 0.10%             | 2052-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Woman's University                                                         | TEXAS ST WOMANS UNIV FING SYSREVENUE                         | CUSIP: 882874MQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1158602.00   | 0.03%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Paso County School District No 49 Falcon                                      | EL PASO CNTY CO SCH DIST #49 FALCON COPS                     | CUSIP: 283484CS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $680494.57    | 0.02%             | 2024-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton Southeastern Consolidated School Building Corp                          | HAMILTON IN S ESTRN CONSOL SCH BLDG CORP                     | CUSIP: 40785EM86<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $536193.00    | 0.02%             | 2024-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will & Kendall Counties Community Consolidated School District 202 Plainfield    | WILL & KENDALL CNTYS IL CMNTYCONSOL SCH DIST # 202 PLAINFIE  | CUSIP: 968648ZF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4580000 | PA      | $4673216.74   | 0.14%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EDE3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    500000 | PA      | $568190.00    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534TMH5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1500000.00   | 0.04%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Royal Oak Hospital Finance Authority                                             | ROYAL OAK MI HOSP FIN AUTH                                   | CUSIP: 780486HC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2048090.00   | 0.06%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State University System                                                    | TEXAS ST UNIV SYS FING REVENUE                               | CUSIP: 88278PC44<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1127860.65   | 0.03%             | 2032-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MCV6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    500000 | PA      | $519129.50    | 0.02%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pontotoc County Educational Facilities Authority                                 | PONTOTOC CNTY OK EDUCTNL FACSAUTH EDUCTNL FACS REVENUE       | CUSIP: 732692CW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $455623.20    | 0.01%             | 2032-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005YC6<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   3015000 | PA      | $3316294.98   | 0.10%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Milwaukee WI                                                             | MILWAUKEE WI                                                 | CUSIP: 602366N85<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4705000 | PA      | $5293830.75   | 0.15%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KCL1<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $2061301.97   | 0.06%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331U36<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $3123394.25   | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas County Utility & Reclamation District                                     | DALLAS CNTY TX UTILITY & RECLAMATION DIST                    | CUSIP: 234839PG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $968316.95    | 0.03%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 645918T78<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3608899.20   | 0.10%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                                          | CHARLESTON CNTY SC SPL SOURCE REVENUE                        | CUSIP: 160130AF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2505716.64   | 0.07%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Health Facilities Authority                                       | DELAWARE ST HLTH FACS AUTH REVENUE                           | CUSIP: 246388TC6<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1274361.60   | 0.04%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cleveland County Educational Facilities Authority                                | CLEVELAND CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVEN | CUSIP: 18604TEF1<br>LEI: 549300XEV4DVO42DUA84 | Long             | DBT              | MUN               | US        |   5240000 | PA      | $5609226.12   | 0.16%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sports & Exhibition Authority of Pittsburgh and Allegheny County                 | PITTSBURGH & ALLEGHENY CNTY PA SPORTS & EXHIBITION AUTH HOTE | CUSIP: 724791BW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4481840.00   | 0.13%             | 2033-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                | CUSIP: 646039WQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2405755.00   | 0.07%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Housing & Mortgage Finance Corp                                     | RHODE ISLAND ST HSG & MTGE FIN CORP                          | CUSIP: 76221RU27<br>LEI: 254900N9FNYNPO539444 | Long             | DBT              | MUN               | US        |    175000 | PA      | $192838.63    | 0.01%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denton Independent School District                                               | DENTON TX INDEP SCH DIST                                     | CUSIP: 249002JW7<br>LEI: 5493005I9W678SUI0Z07 | Long             | DBT              | MUN               | US        |    340000 | PA      | $335253.60    | 0.01%             | 2044-08-01      | Floating      | 2.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                 | ENERGY N W WA WIND PROJ REVENUE                              | CUSIP: 29270MEA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1009081.00   | 0.03%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark County School District                                                     | CLARK CNTY NV SCH DIST                                       | CUSIP: 181059J64<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1847307.00   | 0.05%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WFX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1521973.50   | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bethlehem Area School District Authority                                         | BETHLEHEM PA AREA SCH DIST AUTH SCH REVENUE                  | CUSIP: 087368AL0<br>LEI: 549300TFB2HAL26FJP41 | Long             | DBT              | MUN               | US        |   2990000 | PA      | $2779524.93   | 0.08%             | 2030-01-01      | Floating      | 3.23%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446465H1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $9042668.30   | 0.26%             | 2023-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                      | CUSIP: 677522B45<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   2600000 | PA      | $2618200.00   | 0.08%             | 2023-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  29700000 | PA      | $29024889.30  | 0.84%             | 2052-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Clinton Bond Fayette Etc Counties Community College District No 501 Kaskaskia    | CLINTON BOND FAYETTE JEFFERSON ETC CNTYS IL CCD #501         | CUSIP: 187350FM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1093006.20   | 0.03%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | COLORADO ST COPS                                             | CUSIP: 196711QE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1655000 | PA      | $1786976.32   | 0.05%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District Utility Revenue                                 | REEDY CREEK FL IMPT DIST UTILS REVENUE                       | CUSIP: 75845HKK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $760227.75    | 0.02%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Water & Wastewater Revenue                                    | ATLANTA GA WTR & WSTWTR REVENUE                              | CUSIP: 047870MR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1148941.06   | 0.03%             | 2023-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Rhode Island                                                            | RHODE ISLAND ST & PROVIDENCE PLANTATIONS LEASE COPS          | CUSIP: 76222WGJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1705000 | PA      | $1729976.55   | 0.05%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Sanitary Authority                                              | ALLEGHENY CNTY PA SAN AUTH                                   | CUSIP: 017357ZU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4650000 | PA      | $4845839.40   | 0.14%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of La Salle TX                                                            | LA SALLE CNTY TX                                             | CUSIP: 504678CH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1917690.24   | 0.06%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Transit Authority                                                           | UTAH ST TRANSIT AUTH SALES TAX REVENUE                       | CUSIP: 917567BL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1299889.37   | 0.04%             | 2025-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AEY9<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1281950.28   | 0.04%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SR39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095908.00   | 0.03%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                            | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450FS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11730000 | PA      | $11580759.21  | 0.33%             | 2040-06-01      | Floating      | 1.10%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076846.00   | 0.03%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rogers County Educational Facilities Authority                                   | ROGERS CNTY OK EDUCTNL FACS AUTH EDUCTNL FACS LEASE REVENUE  | CUSIP: 77514RBR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7972818.00   | 0.23%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority/The                                     | CHARLOTTE-MECKLENBURG NC HOSP AUTH HLTH CARE SYS REVENUE     | CUSIP: 160853TK3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $929928.00    | 0.03%             | 2048-01-15      | Floating      | 1.95%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DAR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  77915000 | PA      | $77788855.62  | 2.25%             | 2048-04-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBR9<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    365000 | PA      | $365000.00    | 0.01%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern California Energy Authority                                             | NRTHRN CA ENERGY AUTH COMMODITY SPLY REVENUE                 | CUSIP: 664840AD7<br>LEI: 5493001ZIJGWU7HYLH34 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $13006825.00  | 0.38%             | 2049-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Cotulla Independent School District                                              | COTULLA TX INDEP SCH DIST                                    | CUSIP: 222057HX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1213374.75   | 0.04%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroeville Finance Authority                                                    | MONROEVILLE PA FIN AUTH UPMC REVENUE                         | CUSIP: 611530DD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125450.00   | 0.03%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Albuquerque Municipal School District No 12                                      | ALBUQUERQUE NM MUNI SCH DIST #12                             | CUSIP: 013595VQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1112226.00   | 0.03%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XMH1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2479670.65   | 0.07%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of El Paso CO                                                             | EL PASO CNTY CO COPS                                         | CUSIP: 283365KQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $814168.48    | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603A41<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $754512.50    | 0.02%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Kansas City MO                                                           | KANSAS CITY MO                                               | CUSIP: 484873RH9<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |    750000 | PA      | $868631.25    | 0.03%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community College District No 508                                    | COOK CNTY IL CMNTY CLG DIST #508                             | CUSIP: 213187BY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3425000 | PA      | $3463175.05   | 0.10%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST                                                      | CUSIP: 677522B94<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4860000 | PA      | $5438991.24   | 0.16%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Laredo College District Combined Fee Revenue                                     | LAREDO TX CMNTY CLG DIST                                     | CUSIP: 516825GR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $738755.88    | 0.02%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Public Facilities Corp                                               | SAN ANTONIO TX PUB FACS CORP LEASE REVENUE                   | CUSIP: 796334BJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2155000 | PA      | $2486348.49   | 0.07%             | 2032-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Halifax County Industrial Development Authority                                  | HALIFAX CNTY VA INDL DEV AUTH REVENUE                        | CUSIP: 40579PAD3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1951936.00   | 0.06%             | 2041-12-01      | Floating      | 1.65%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                                | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HAY4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |    500000 | PA      | $503402.50    | 0.01%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duval County Public Schools                                                      | DUVAL CNTY FL SCH BRD COPS                                   | CUSIP: 267169HF0<br>LEI: 254900RS6MO5WEO2WC42 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1135975.00   | 0.03%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH ECON DEV REVENUE                            | CUSIP: 232263KE2<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |    210000 | PA      | $233127.09    | 0.01%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Paso County School District No 49 Falcon                                      | EL PASO CNTY CO SCH DIST #49 FALCON COPS                     | CUSIP: 283484CR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    945000 | PA      | $962164.04    | 0.03%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304SY6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   2395000 | PA      | $2426642.74   | 0.07%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWS0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    605000 | PA      | $603778.51    | 0.02%             | 2025-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                     | CUSIP: 677561KJ0<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |    800000 | PA      | $878153.60    | 0.03%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345J8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $518248.50    | 0.01%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345L3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533785.50    | 0.02%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lubbock TX                                                               | LUBBOCK TX                                                   | CUSIP: 549188TB6<br>LEI: 549300I1QTL3QZV4BX74 | Long             | DBT              | MUN               | US        |   7735000 | PA      | $8077776.53   | 0.23%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southern Illinois University                                                     | STHRN ILLINOIS ST UNIV                                       | CUSIP: 8431465P2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    740000 | PA      | $789007.24    | 0.02%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA                                                               | ATLANTA GA TAX ALLOCATION                                    | CUSIP: 047849HB3<br>LEI: 549300GHLQ0J51NUBM84 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015617.00   | 0.03%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency                                                | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YDK0<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    775000 | PA      | $727330.53    | 0.02%             | 2027-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  42805000 | PA      | $42611649.82  | 1.23%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange County School Board                                                       | ORANGE CNTY FL SCH BRD COPS                                  | CUSIP: 684517QM0<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |   1540000 | PA      | $1558033.40   | 0.05%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LAS3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2805003.30   | 0.08%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                           | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240KB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1667673.00   | 0.05%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259Y5S4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1105991.59   | 0.03%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                              | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3938180.00   | 0.11%             | 2046-01-01      | Floating      | 3.91%                 | No            |                  2 | On Loan: No      |
| University of Arkansas                                                           | UNIV OF ARKANSAS AR UNIV REVENUES                            | CUSIP: 914072WE9<br>LEI: 549300FFADBQ3NEI2D96 | Long             | DBT              | MUN               | US        |    615000 | PA      | $614453.88    | 0.02%             | 2023-11-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBE1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1821256.92   | 0.05%             | 2025-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Higher Education Facilities Authority                                  | MINNESOTA ST HGR EDU FACS AUTH REVENUE                       | CUSIP: 60416JBT6<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $332502.30    | 0.01%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                    | VOLUSIA CNTY FL EDUCTNL FAC AUTH                             | CUSIP: 928836KM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $671165.95    | 0.02%             | 2024-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                           | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240KD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2998486.20   | 0.09%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | COLORADO ST COPS                                             | CUSIP: 196711QC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1170000 | PA      | $1212118.83   | 0.04%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772JPF3<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1845000 | PA      | $1867828.19   | 0.05%             | 2024-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne State University                                                           | WAYNE MI ST UNIV REVENUES                                    | CUSIP: 946303UL6<br>LEI: 549300GWQMQVAS66E613 | Long             | DBT              | MUN               | US        |    305000 | PA      | $310069.41    | 0.01%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas State Technical College                                                    | TEXAS ST TECH CLG SYS FING SYS REVENUE                       | CUSIP: 88276RFC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2285586.00   | 0.07%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida State Board of Governors                                                 | FLORIDA ST BRD OF GOVERNORS ST UNIV MANDATORY STUDENT FEE    | CUSIP: 34157QBE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1160400.11   | 0.03%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                            | NEW MEXICO ST MTGE FIN AUTH MF HSG REVENUE                   | CUSIP: 64719HEK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8500000 | PA      | $8221072.50   | 0.24%             | 2024-11-01      | Floating      | 0.53%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XRS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7980000 | PA      | $9243960.18   | 0.27%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Youngstown City School District                                                  | YOUNGSTOWN OH CITY SCH DIST                                  | CUSIP: 987660DK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1701064.20   | 0.05%             | 2023-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Cook County Community College District No 508                                    | COOK CNTY IL CMNTY CLG DIST #508                             | CUSIP: 213187BZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011309.00   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of McAllen TX International Toll Bridge Revenue                             | MCALLEN TX INTERNATIONAL TOLL BRIDGE REVENUE                 | CUSIP: 579117GV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1019907.00   | 0.03%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBV0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2460000 | PA      | $2592532.50   | 0.07%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Allen OH Hospital Facilities Revenue                                   | ALLEN CNTY OH HOSP FACS REVENUE                              | CUSIP: 01757LHA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $11173970.00  | 0.32%             | 2051-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST HOSP FAC REVENUE                                     | CUSIP: 677561KC5<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062836.00   | 0.03%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clinton Bond Fayette Etc Counties Community College District No 501 Kaskaskia    | CLINTON BOND FAYETTE JEFFERSON ETC CNTYS IL CCD #501         | CUSIP: 187350FL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $168961.50    | 0.00%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Municipal Authority                                                 | PHILADELPHIA PA MUNI AUTH REVENUE                            | CUSIP: 717904LC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1550000 | PA      | $1581274.35   | 0.05%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Gulf Coast Authority                                                             | GULF COAST TX WST DISP AUTH                                  | CUSIP: 401905EY6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507164.00    | 0.01%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Manchester-Shortsville Central School District                                   | MANCHESTER-SHORTSVILLE NY CENTRL SCH DIST                    | CUSIP: 562390HQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6017058.00   | 0.17%             | 2023-08-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency                                                | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YDH7<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |    815000 | PA      | $775598.01    | 0.02%             | 2026-10-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005YD4<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   3205000 | PA      | $3522820.62   | 0.10%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646067DT2<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |    375000 | PA      | $427766.63    | 0.01%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FAS4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2211116.00   | 0.06%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742186W8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2063847.43   | 0.06%             | 2027-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UAB Medicine Finance Authority                                                   | UAB MEDICINE FIN AUTH AL REVENUE                             | CUSIP: 902562AL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2305000 | PA      | $2456406.23   | 0.07%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL                                                              | LAKELAND FL HOSP SYS REVENUE                                 | CUSIP: 511665JZ5<br>LEI: XRPK4ZALF4437WO3JQ94 | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2048007.50   | 0.06%             | 2026-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XAS5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |     40000 | PA      | $43598.64     | 0.00%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Colorado                                                                | COLORADO ST COPS                                             | CUSIP: 196711QG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1346088.78   | 0.04%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $418863.20    | 0.01%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 4424354M2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4445000 | PA      | $4475799.41   | 0.13%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBH4<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1427701.08   | 0.04%             | 2028-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue          | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XYD4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3955322.00   | 0.11%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447P6C0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   3800000 | PA      | $3844175.00   | 0.11%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lea County Public School District No 8 Eunice                                    | LEA CNTY NM PUBLIC SCH DIST #8 EUNICE                        | CUSIP: 521513DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $700797.50    | 0.02%             | 2026-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SCAGO Educational Facilities Corp for Pickens School District                    | SCAGO SC EDUCTNL FACS CORP FOR PICKENS SCH DIST              | CUSIP: 80585TCA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1046361.01   | 0.03%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UCD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3945000 | PA      | $4350119.94   | 0.13%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345Q2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1117278.00   | 0.03%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HN57<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1695000 | PA      | $1769196.93   | 0.05%             | 2025-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Housing & Economic Development Authority Housing Revenue               | WISCONSIN ST HSG & ECON DEV AUTH HSG REVENUE                 | CUSIP: 976904Y30<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1412670.00   | 0.04%             | 2050-11-01      | Floating      | 0.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367X3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2708322.50   | 0.08%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Utah Telecommunication Open Infrastructure Agency                                | UTAH ST TELECOMMUNICATION OPEN INFRASTRUCTURE AGY SALES TAX  | CUSIP: 91756SAJ2<br>LEI: 549300LCGT5UXUJ1LP77 | Long             | DBT              | MUN               | US        |    600000 | PA      | $680071.80    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Luzerne County Industrial Development Authority                                  | LUZERNE CNTY PA INDL DEV AUTH LEASE REVENUE                  | CUSIP: 55072RBG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053812.00   | 0.03%             | 2027-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | DALLAS TX                                                    | CUSIP: 235219LR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3136296.00   | 0.09%             | 2025-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Transportation Commission State Highway Fund                               | TEXAS ST TRANSPRTN COMMISSIONST HIGHWAY FUND REVENUE         | CUSIP: 88283LJC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1693998.90   | 0.05%             | 2024-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                           | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240KE9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2980000 | PA      | $3146298.90   | 0.09%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DCM4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14730000 | PA      | $14568839.07  | 0.42%             | 2050-02-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EPG7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3172983.00   | 0.09%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Cuyahoga OH                                                            | CUYAHOGA CNTY OH COPS                                        | CUSIP: 23225PAG0<br>LEI: 549300GHDK9DGLUNJU89 | Long             | DBT              | MUN               | US        |   5645000 | PA      | $5735878.86   | 0.17%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227MJ7<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    235000 | PA      | $251631.42    | 0.01%             | 2026-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TQE6<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2156872.00   | 0.06%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Laredo TX                                                                | LAREDO TX                                                    | CUSIP: 516824CB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $533865.00    | 0.02%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Development Finance Authority                                           | OKLAHOMA ST DEV FIN AUTH HLTHSYS REVENUE                     | CUSIP: 67884XBJ5<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1513035.00   | 0.04%             | 2023-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston Public Facilities Corp                                                | CHARLESTON SC PUBLIC FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 160396AG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    930000 | PA      | $983955.81    | 0.03%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Small Business Financing Authority                                      | VIRGINIA ST SMALL BUSINESS FING AUTH REVENUE                 | CUSIP: 928104MN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1435000 | PA      | $1518591.62   | 0.04%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pontotoc County Educational Facilities Authority                                 | PONTOTOC CNTY OK EDUCTNL FACSAUTH EDUCTNL FACS REVENUE       | CUSIP: 732692CQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $204042.40    | 0.01%             | 2026-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of La Salle TX                                                            | LA SALLE CNTY TX                                             | CUSIP: 504678CM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4110000 | PA      | $4421509.23   | 0.13%             | 2028-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 544646U59<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10640000 | PA      | $10995003.60  | 0.32%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Fairfax VA                                                             | FAIRFAX CNTY VA                                              | CUSIP: 30382AJK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4975000 | PA      | $5420565.98   | 0.16%             | 2027-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638THC0<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2520000 | PA      | $2781331.56   | 0.08%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Round Rock Independent School District                                           | ROUND ROCK TX INDEP SCH DIST                                 | CUSIP: 779240MG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082872.00   | 0.03%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005XH6<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2594028.00   | 0.07%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas Development Finance Authority                                             | KANSAS ST DEV FIN AUTH REVENUE                               | CUSIP: 48542RGC2<br>LEI: 549300WTL7BL8KBDPR87 | Long             | DBT              | MUN               | US        |    765000 | PA      | $821645.19    | 0.02%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065YX6<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    300000 | PA      | $320726.40    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Baton Rouge Sewerage Commission                                             | E BATON ROUGE PARISH LA SWR COMMISSION REVENUE               | CUSIP: 270618EF4<br>LEI: 5493006BC84VNIRSCG97 | Long             | DBT              | MUN               | US        |    700000 | PA      | $732176.20    | 0.02%             | 2025-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Prosper Independent School District                                              | PROSPER TX INDEP SCH DIST                                    | CUSIP: 743600Y28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1170594.00   | 0.03%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                             | CHARLOTTE NC COPS                                            | CUSIP: 161037Q74<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   2290000 | PA      | $2420866.63   | 0.07%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073U6<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1222200.45   | 0.04%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461366B2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4065000 | PA      | $4267758.14   | 0.12%             | 2025-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225CQ7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $571661.00    | 0.02%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370GU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528509.50    | 0.02%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59259Y6L8<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1490000 | PA      | $1538435.43   | 0.04%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP THERMAL UTILITY RE | CUSIP: 41401PCF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $623807.40    | 0.02%             | 2024-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974EDA1<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    750000 | PA      | $791238.00    | 0.02%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH ST PERSONAL INCOME TAX REVENUE         | CUSIP: 64990FK37<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2341726.00   | 0.07%             | 2033-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Municipal Power Agency                                                   | INDIANA ST MUNI PWR AGY                                      | CUSIP: 454898VD6<br>LEI: AX0ZCCVOQ71Z4RXBL233 | Long             | DBT              | MUN               | US        |   1465000 | PA      | $1557394.62   | 0.05%             | 2026-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Peshtigo School District                                                         | PESHTIGO WI SCH DIST                                         | CUSIP: 715777EN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5510263.00   | 0.16%             | 2023-06-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guam Power Authority                                                             | GUAM PWR AUTH REVENUE                                        | CUSIP: 400653HV6<br>LEI: 549300IPOV320QCKW060 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2142054.60   | 0.06%             | 2024-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Water Works Board of the City of Birmingham/The                                  | BIRMINGHAM AL WTRWKS BRD WTR REVENUE                         | CUSIP: 091096MM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230000 | PA      | $2472021.90   | 0.07%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS PROJ REVENUE                | CUSIP: 154871CU9<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |   6575000 | PA      | $6816315.65   | 0.20%             | 2053-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005YB8<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1799606.93   | 0.05%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                   | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FZ7<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1051971.00   | 0.03%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sierra Ridge Metropolitan District No 2                                          | SIERRA RIDGE MET DIST #2 CO                                  | CUSIP: 82648CAM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $200532.27    | 0.01%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461367V7<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   5715000 | PA      | $6268463.46   | 0.18%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of La Salle TX                                                            | LA SALLE CNTY TX                                             | CUSIP: 504678CG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $977528.18    | 0.03%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FL57<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $843030.75    | 0.02%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Las Vegas Valley Water District                                                  | LAS VEGAS VLY NV WTR DIST                                    | CUSIP: 5178406M1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13825000 | PA      | $14244782.30  | 0.41%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032UWA2<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |    540000 | PA      | $589083.30    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Stadium Authority Built to Learn Revenue                                | MARYLAND STADIUM AUTH BUILT TO LEARN REVENUE                 | CUSIP: 574294BG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $652721.82    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles County Redevelopment Refunding Authority Redev Agency Successor Agy  | LOS ANGELES CNTY CA REDEV REFUNDING AUTH TAX ALLOCATION REV  | CUSIP: 54465AEM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6875000 | PA      | $6998048.75   | 0.20%             | 2023-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue          | HARRIS CNTY TX MET TRANSIT AUTH SALES & USE TAX              | CUSIP: 41422EHV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1999501.35   | 0.06%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FWD2<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    800000 | PA      | $860056.00    | 0.02%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Cleveland OH Income Tax Revenue                                          | CLEVELAND OH INCOME TAX REVENUE                              | CUSIP: 186387TN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    535000 | PA      | $567395.32    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST                                                | CUSIP: 93974D6F0<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   9670000 | PA      | $10356038.15  | 0.30%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Reedy Creek Improvement District                                                 | REEDY CREEK FL IMPT DIST                                     | CUSIP: 758449NQ1<br>LEI: 549300DLSKH6SZ96KV94 | Long             | DBT              | MUN               | US        |   1940000 | PA      | $1952534.34   | 0.06%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039DS5<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |    400000 | PA      | $418316.40    | 0.01%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615VE0<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1605000 | PA      | $1605000.00   | 0.05%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BAK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2790000 | PA      | $2995438.86   | 0.09%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418067F1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    225000 | PA      | $253214.33    | 0.01%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZN7<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   7970000 | PA      | $8520846.55   | 0.25%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Polk FL Utility System Revenue                                         | POLK CNTY FL UTILITY SYS REVENUE                             | CUSIP: 731167EG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1420000 | PA      | $1422406.90   | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Dallas TX                                                                | DALLAS TX                                                    | CUSIP: 235219KG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2705000 | PA      | $2765665.04   | 0.08%             | 2024-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Governmental Facilities Authority                                          | MAINE ST GOVTL FACS AUTH                                     | CUSIP: 56041MNS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1468962.44   | 0.04%             | 2023-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262073V4<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1373787.00   | 0.04%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Hospital Equipment Loan Council                                       | NEW MEXICO ST HOSP EQUIPMENT LOAN COUNCIL HOSP REVENUE       | CUSIP: 647370GN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $785637.75    | 0.02%             | 2025-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Volusia County Educational Facility Authority                                    | VOLUSIA CNTY FL EDUCTNL FAC AUTH                             | CUSIP: 928836KL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $709550.80    | 0.02%             | 2023-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Mansfield TX                                                             | MANSFIELD TX                                                 | CUSIP: 564378LT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1171432.00   | 0.03%             | 2033-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790RR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $953119.37    | 0.03%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KCH0<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   1780000 | PA      | $1911598.96   | 0.06%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Avon Community School Building Corp                                              | AVON IN CMNTY SCH BLDG CORP                                  | CUSIP: 054071KC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $606141.60    | 0.02%             | 2023-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XDP3<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   6200000 | PA      | $6345086.20   | 0.18%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 4521526G1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1354090.38   | 0.04%             | 2024-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637AVQ2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1202804.40   | 0.03%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wyandotte County Unified School District No 500 Kansas City                      | WYANDOTTE CNTY KS UNIF SCH DIST #500                         | CUSIP: 982696QP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2375000 | PA      | $2557243.25   | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clark-Pleasant Community School Building Corp                                    | CLARK-PLEASANT IN CMNTY SCH BLDG CORP                        | CUSIP: 181503GF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1107357.84   | 0.03%             | 2033-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VZM9<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |    400000 | PA      | $412707.20    | 0.01%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Montgomery MD                                                          | MONTGOMERY CNTY MD                                           | CUSIP: 6133407L6<br>LEI: 549300GNX5SDUEBKPK13 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1062787.00   | 0.03%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Will & Kendall Counties Community Consolidated School District 202 Plainfield    | WILL & KENDALL CNTYS IL CMNTYCONSOL SCH DIST # 202 PLAINFIE  | CUSIP: 968648ZE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8050000 | PA      | $8050000.00   | 0.23%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742186V0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2031862.53   | 0.06%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883UU4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    155000 | PA      | $165684.93    | 0.00%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966QGY0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1149067.00   | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Nassau County Local Economic Assistance Corp                                     | NASSAU CNTY NY LOCAL ECON ASSIASSISTANCE CORP MULTIFAMILY    | CUSIP: 63166NAA5<br>LEI: 549300FCI13UFG0Y6Y37 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3915324.00   | 0.11%             | 2024-11-01      | Floating      | 0.30%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                             | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065YC2<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |   5085000 | PA      | $5335792.20   | 0.15%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DuPage County Forest Preserve District                                           | DU PAGE CNTY IL FOREST PRESERVE DIST                         | CUSIP: 262651UQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5181270.00   | 0.15%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky State Property & Building Commission                                    | KENTUCKY ST PROPERTY & BLDGS COMMISSION REVENUES             | CUSIP: 49151FU32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1156843.00   | 0.03%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252KC2<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4000000.00   | 0.12%             | 2023-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227NZ0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5208855.00   | 0.15%             | 2026-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Akron Bath Copley Joint Township Hospital District                               | AKRON BATH COPLEY JT TWP OH HOSP DIST                        | CUSIP: 009730PK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $351665.16    | 0.01%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Knox County Health Educational & Housing Facility Board                          | KNOX CNTY TN HLTH EDUCTNL & HSG FAC BRD MF HSG REVENUE       | CUSIP: 499652AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1517296.50   | 0.04%             | 2027-12-01      | Floating      | 3.95%                 | No            |                  2 | On Loan: No      |
| Laredo College District Combined Fee Revenue                                     | LAREDO TX CMNTY CLG DIST                                     | CUSIP: 516825GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    610000 | PA      | $617101.01    | 0.02%             | 2023-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Thruway Authority                                                 | NEW YORK ST THRUWAY AUTH                                     | CUSIP: 650009F65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2089120.00   | 0.06%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Economic Development Finance Authority                                  | KENTUCKY ST ECON DEV FIN AUTH HLTH SYS REVENUE               | CUSIP: 49126VCE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4195000 | PA      | $4095251.29   | 0.12%             | 2023-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Iowa Finance Authority                                                           | IOWA ST FIN AUTH HLTH CARE FACS REVENUE                      | CUSIP: 46246PMB4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   2350000 | PA      | $2372205.15   | 0.07%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BL28<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1571995.50   | 0.05%             | 2033-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | ALLEGHENY CNTY PA HGR EDU BLDG AUTH UNIV REVENUE             | CUSIP: 01728RKQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1185216.98   | 0.03%             | 2025-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Triborough Bridge & Tunnel Authority                                             | TRIBOROUGH NY BRIDGE & TUNNEL AUTH PAYROLL MOBILITY TAX      | CUSIP: 89602HEY9<br>LEI: 54930020ZN4LQF7K3456 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2358382.00   | 0.07%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muskogee Industrial Trust                                                        | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE            | CUSIP: 62813NAW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2272981.58   | 0.07%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399KJ4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    875000 | PA      | $972339.38    | 0.03%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534WYQ5<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |    300000 | PA      | $327772.50    | 0.01%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3J0<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1118686.00   | 0.03%             | 2029-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wildwood Utility Dependent District                                              | WILDWOOD UTILITY DEPENDENT DIST FL UTILITY REVENUE           | CUSIP: 968214AG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $226197.80    | 0.01%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arlington Higher Education Finance Corp                                          | ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | CUSIP: 0418067C8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $608562.50    | 0.02%             | 2029-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Park District                                                            | CHICAGO IL PARK DIST                                         | CUSIP: 167615SS3<br>LEI: 549300DNSTZGBZLIU409 | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1081650.50   | 0.03%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Arizona/The                                                        | ARIZONA BRD OF RGTS UNIV ARIZONA SYS REVENUE                 | CUSIP: 040484LN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $568305.10    | 0.02%             | 2024-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX                                                               | HOUSTON TX                                                   | CUSIP: 442331K37<br>LEI: 549300C64URYS0WQQY42 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5016945.00   | 0.15%             | 2023-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447TQD8<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2118768.00   | 0.06%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of New York Mortgage Agency                                                | NEW YORK ST MTGE AGY HOMEOWNER MTGE REVENUE                  | CUSIP: 64988YDR5<br>LEI: 549300ZQWNLLIG564027 | Long             | DBT              | MUN               | US        |   1110000 | PA      | $1001458.65   | 0.03%             | 2030-10-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| Monroe & St Clair Counties Community Unit School District No 5 Waterloo          | MONROE & SAINT CLAIR CNTYS ILCMNTY UNIT SCH DIST #5          | CUSIP: 610253DG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $625249.20    | 0.02%             | 2025-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304VE6<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1142555.00   | 0.03%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Beaumont TX                                                              | BEAUMONT TX                                                  | CUSIP: 0745093B4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2059005.06   | 0.06%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Local Government Environmental Facilities & Community Development Auth | LOUISIANA ST LOCAL GOVT ENVRNMNTL FACS & CMNTY DEV AUTH REVE | CUSIP: 54628CCN0<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   2660000 | PA      | $2779644.14   | 0.08%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Jefferson Sales Tax District                                                     | JEFFERSON LA SALES TAX DIST SPL SALES TAX REVENUE            | CUSIP: 474176KV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $258251.37    | 0.01%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736F77<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6250000 | PA      | $6539056.25   | 0.19%             | 2027-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL Waterworks Revenue                                            | CHICAGO IL WTRWKS REVENUE                                    | CUSIP: 167736F93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4086736.00   | 0.12%             | 2024-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Dakota Health & Educational Facilities Authority                           | SOUTH DAKOTA ST HLTH & EDUCTNL FACS AUTH                     | CUSIP: 83755VZN7<br>LEI: 549300ZW6LKR8UI2C378 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1055379.65   | 0.03%             | 2025-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Shreveport LA                                                            | SHREVEPORT LA                                                | CUSIP: 8254345H2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509419.50    | 0.01%             | 2024-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST COPS                                           | CUSIP: 939720WU8<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   4410000 | PA      | $4547777.22   | 0.13%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 71783MBP9<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125633.00   | 0.03%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cincinnati City School District                                                  | CINCINNATI OH CITY SCH DIST                                  | CUSIP: 172252A40<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2690000 | PA      | $2744149.70   | 0.08%             | 2023-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Tri-County Metropolitan Transportation District of Oregon                        | TRI-CNTY OR MET TRANSPRTN DIST                               | CUSIP: 89546RPP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2845000 | PA      | $3131218.38   | 0.09%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Turnpike & Infrastructure Commission                                        | OHIO ST TURNPIKE COMMISSION                                  | CUSIP: 67760HLJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5625000 | PA      | $6132459.38   | 0.18%             | 2027-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charleston Public Facilities Corp                                                | CHARLESTON SC PUBLIC FACS CORP INSTALLMENT PURCHASE REVENUE  | CUSIP: 160396AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $349612.65    | 0.01%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monroe & St Clair Counties Community Unit School District No 5 Waterloo          | MONROE & SAINT CLAIR CNTYS ILCMNTY UNIT SCH DIST #5          | CUSIP: 610253DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $635820.60    | 0.02%             | 2026-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416SS43<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    375000 | PA      | $348656.63    | 0.01%             | 2029-07-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                              | WASHINGTON ST COPS                                           | CUSIP: 939720WX2<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   4970000 | PA      | $5442289.16   | 0.16%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of El Paso CO                                                             | EL PASO CNTY CO COPS                                         | CUSIP: 283365KL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $416436.00    | 0.01%             | 2024-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PWT8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    840000 | PA      | $839604.36    | 0.02%             | 2026-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Transit System                                           | MIAMI-DADE CNTY FL TRANSIT SALES SURTAX REVENUE              | CUSIP: 59334PFG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3904499.00   | 0.11%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2715000 | PA      | $3012933.24   | 0.09%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hamilton Southeastern Consolidated School Building Corp                          | HAMILTON IN S ESTRN CONSOL SCH BLDG CORP                     | CUSIP: 40785EM78<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    570000 | PA      | $576171.39    | 0.02%             | 2023-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Lawrence SD                                                            | LAWRENCE CNTY SD COPS                                        | CUSIP: 519842BY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $111834.00    | 0.00%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Muskogee Industrial Trust                                                        | MUSKOGEE OK INDL TRUST EDUCTNL FACS LEASE REVENUE            | CUSIP: 62813NAX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $501609.03    | 0.01%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northeast Ohio Medical University                                                | N E OHIO MED UNIV GEN RECPTS                                 | CUSIP: 66433RCN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $334414.20    | 0.01%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Midway International Airport                                             | CHICAGO IL MIDWAY ARPT REVENUE                               | CUSIP: 167562PE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016741.00   | 0.03%             | 2024-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Katy Independent School District                                                 | KATY TX INDEP SCH DIST                                       | CUSIP: 486063TT7<br>LEI: 254900H9QSKVP2HWVL72 | Long             | DBT              | MUN               | US        |   2955000 | PA      | $3156983.12   | 0.09%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039DV8<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1350558.75   | 0.04%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                        | DENVER CITY & CNTY CO SCH DIST #1 COPS                       | CUSIP: 24919PHH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1201897.26   | 0.03%             | 2023-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                       | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269L55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2080000 | PA      | $2453516.00   | 0.07%             | 2033-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Beaumont TX Waterworks & Sewer System Revenue                            | BEAUMONT TX WTRWKS & SWR SYS REVENUE                         | CUSIP: 074561ML2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2532367.50   | 0.07%             | 2024-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Houston Independent School District                                              | HOUSTON TX INDEP SCH DIST                                    | CUSIP: 442403PR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1505175.00   | 0.04%             | 2036-06-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County School Board                                                 | HILLSBOROUGH CNTY FL SCH BRD COPS                            | CUSIP: 43232VUY5<br>LEI: 549300E7JND1K3JLOI29 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2924704.30   | 0.08%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Castaic Lake Water Agency                                                        | CASTAIC LAKE CA WTR AGY REVENUE COPS                         | CUSIP: 14837KAV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10125000 | PA      | $9963597.38   | 0.29%             | 2023-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Regional Transportation District                                                 | REGL CO TRANSPRTN DIST PRIV ACTIVITY REVENUE                 | CUSIP: 759151BF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $390851.72    | 0.01%             | 2029-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Harris TX                                                              | HARRIS CNTY TX                                               | CUSIP: 414005XJ2<br>LEI: 549300G9BRP25M0W1S40 | Long             | DBT              | MUN               | US        |   7415000 | PA      | $8155995.78   | 0.24%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Water Development Authority                                                 | OHIO ST WTR DEV AUTH REVENUE                                 | CUSIP: 67765QBW5<br>LEI: 549300QMBH1DMY67FZ74 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1074638.00   | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma County Finance Authority                                                | OKLAHOMA CNTY OK FIN AUTH EDUCTNL FACS LEASE REVENUE         | CUSIP: 67868UFW8<br>LEI: 549300KPR05JUN0F1289 | Long             | DBT              | MUN               | US        |    500000 | PA      | $525604.00    | 0.02%             | 2025-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois Sales Tax Revenue                                              | ILLINOIS ST SALES TAX REVENUE                                | CUSIP: 452227PB1<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5323995.00   | 0.15%             | 2028-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guam Government Waterworks Authority                                             | GUAM GOVT WTRWKS AUTH WTR & WSTWTR SYS REVENUE               | CUSIP: 40065FAX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $647796.08    | 0.02%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| County of La Salle TX                                                            | LA SALLE CNTY TX                                             | CUSIP: 504678CL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3050000 | PA      | $3282144.65   | 0.09%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883UQ3<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504604.00    | 0.01%             | 2023-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** THORNBURG INVESTMENT TRUST

**Signature:** Christopher Luckham

**Name of Signer:** Christopher Luckham

**Title:** Manager - Fund Admin