# EDGAR Filing Document

**Accession Number:** 0001528437
**File Stem:** 0001752724-25-157955
**Filing Date:** 2025-6
**Character Count:** 365569
**Document Hash:** 9e3f8f2136ced684ef35b1a0b4f86871
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157955.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157955

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Municipal 2030 Target Term Trust
- **CENTRAL INDEX KEY:** 0001528437

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22603
- **FILM NUMBER:** 251077025

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700
- **BUSINESS PHONE:** (800) 882-0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809-3700

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Municipal Target Term Trust
- **DATE OF NAME CHANGE:** 20120625

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Municipal 2027 Term Trust
- **DATE OF NAME CHANGE:** 20110823

## Nport-Ex

April 30, 2025

2025 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**BlackRock Municipal 2030 Target Term Trust (BTT)**<br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**Not FDIC Insured • May Lose Value • No Bank Guarantee**<br>

------

Schedule of Investments (unaudited)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 9.4%** | **Alabama — 9.4%** |  |
| &nbsp;&nbsp;&nbsp; Alabama Economic Settlement Authority, RB, Series A, <br> 4.00%, 09/15/33<br>| $5000 | &nbsp;&nbsp; $4974964 |
| &nbsp;&nbsp;&nbsp; Alabama Federal Aid Highway Finance Authority, RB, <br> Series A, 5.00%, 09/01/30<br>| 4750 | &nbsp;&nbsp; 5179434 |
| &nbsp;&nbsp;&nbsp; Alabama Public School and College Authority, Refunding <br> RB, Series A, Sustainability Bonds, 5.00%, 11/01/30<br>| 11900 | &nbsp;&nbsp; 12983293 |
| &nbsp;&nbsp;&nbsp; Alabama Special Care Facilities Financing Authority-<br> Birmingham Alabama, Refunding RB, 5.00%, 06/01/30<br>| 10000 | &nbsp;&nbsp; 10004955 |
| Birmingham-Jefferson Civic Center Authority, ST |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/31 | 1100 | &nbsp;&nbsp; 1150531 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/32 | 1150 | &nbsp;&nbsp; 1200807 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/33 | 1600 | &nbsp;&nbsp; 1667479 |
| Black Belt Energy Gas District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 10/01/52 | 12025 | &nbsp;&nbsp; 12004287 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54 | 10000 | &nbsp;&nbsp; 10515511 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/55 | 2005 | &nbsp;&nbsp; 2126793 |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.00%, 12/01/49 | 900 | &nbsp;&nbsp; 900373 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 03/01/55 | 6245 | &nbsp;&nbsp; 6566457 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Refunding RB, 4.00%, <br> 06/01/51<sup>(a)</sup><br>| 8930 | &nbsp;&nbsp; 8826183 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/26 | 935 | &nbsp;&nbsp; 953676 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | 2500 | &nbsp;&nbsp; 2656812 |
| &nbsp;&nbsp;&nbsp; Energy Southeast A Cooperative District, RB, Series B, <br> 5.25%, 07/01/54<sup>(a)</sup><br>| 3095 | &nbsp;&nbsp; 3273153 |
| Homewood Educational Building Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/33 | 1010 | &nbsp;&nbsp; 1011479 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/34 | 1380 | &nbsp;&nbsp; 1380852 |
| &nbsp;&nbsp;&nbsp; Hoover Industrial Development Board, RB, AMT, <br> Sustainability Bonds, 6.38%, 11/01/50<sup>(a)</sup><br>| 1965 | &nbsp;&nbsp; 2169581 |
| Lower Alabama Gas District, RB, 4.00%, 12/01/50<sup>(a)</sup> | 10000 | &nbsp;&nbsp; 10000785 |
| &nbsp;&nbsp;&nbsp; Orange Beach Water Sewer & Fire Protection Authority, <br> RB, 4.00%, 05/15/30<br>| 510 | &nbsp;&nbsp; 521962 |
| Southeast Energy Authority A Cooperative District, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/56 | 1230 | &nbsp;&nbsp; 1260030 |
| &nbsp;&nbsp;&nbsp; Series A-2, 5.32%, 01/01/53 | 30265 | &nbsp;&nbsp; 30591055 |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.00%, 05/01/53 | 9375 | &nbsp;&nbsp; 9619026 |
| University of South Alabama, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 11/01/29 | 1105 | &nbsp;&nbsp; 1127795 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 11/01/30 | 2000 | &nbsp;&nbsp; 2039216 |
|  |  | &nbsp;&nbsp; 144706489 |
| **Arizona — 1.6%** | **Arizona — 1.6%** |  |
| Arizona Industrial Development Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/29 | 530 | &nbsp;&nbsp; 509951 |
| &nbsp;&nbsp;&nbsp; 4.50%, 07/01/29 | 690 | &nbsp;&nbsp; 676542 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 07/01/29 | 3660 | &nbsp;&nbsp; 3520607 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 4.00%, 07/01/30 | 485 | &nbsp;&nbsp; 467587 |
| Chandler Industrial Development Authority, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; AMT, 4.10%, 12/01/37 | 3570 | &nbsp;&nbsp; 3570683 |
| &nbsp;&nbsp;&nbsp; AMT, 4.00%, 06/01/49 | 5000 | &nbsp;&nbsp; 4963210 |
| &nbsp;&nbsp;&nbsp; Maricopa County Industrial Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 07/01/29<sup>(b)</sup> | 855 | &nbsp;&nbsp; 843962 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/31 | 10000 | &nbsp;&nbsp; 10219424 |
|  |  | &nbsp;&nbsp; 24771966 |
| **California — 12.6%** | **California — 12.6%** |  |
| &nbsp;&nbsp;&nbsp; Alameda Corridor Transportation Authority, Refunding RB, <br> Series A, Sub Lien, (AMBAC), 0.00%, 10/01/30<sup>(c)</sup><br>| 10530 | &nbsp;&nbsp; 8499855 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **California (continued)** | **California (continued)** |  |
| Bay Area Toll Authority, RB, Class A, 4.87%, 04/01/36<sup>(a)</sup> | $3000 | &nbsp;&nbsp; $2958247 |
| &nbsp;&nbsp;&nbsp; Bay Area Toll Authority, Refunding RB, Series E, 4.03%, <br> 04/01/56<sup>(a)</sup><br>| 3250 | &nbsp;&nbsp; 3157560 |
| California Community Choice Financing Authority, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 4.85%, 12/01/53 | 6750 | &nbsp;&nbsp; 6787090 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.50%, 10/01/54 | 2485 | &nbsp;&nbsp; 2674634 |
| &nbsp;&nbsp;&nbsp; Series A, Sustainability Bonds, 4.00%, 10/01/52 | 8650 | &nbsp;&nbsp; 8642775 |
| &nbsp;&nbsp;&nbsp; Series E-2, Sustainability Bonds, 4.57%, 02/01/54 | 9780 | &nbsp;&nbsp; 9779343 |
| &nbsp;&nbsp;&nbsp; Series G, Sustainability Bonds, 5.25%, 11/01/54 | 1785 | &nbsp;&nbsp; 1874064 |
| California Health Facilities Financing Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/32 | 1600 | &nbsp;&nbsp; 1671262 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/33 | 1855 | &nbsp;&nbsp; 1933048 |
| &nbsp;&nbsp;&nbsp; California Housing Finance Agency, RB, M/F Housing, <br> Series 2021-1, Class A, 3.50%, 11/20/35<br>| 3519 | &nbsp;&nbsp; 3346335 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, Series A, Class B, AMT, Sustainability <br> Bonds, 9.50%, 01/01/65<sup>(a)(b)</sup><br>| 5725 | &nbsp;&nbsp; 5506267 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, ARB, AMT, Senior <br> Lien, 5.00%, 12/31/33<br>| 4000 | &nbsp;&nbsp; 4073989 |
| &nbsp;&nbsp;&nbsp; California Municipal Finance Authority, RB, Series A, AMT, <br> 4.00%, 07/15/29<br>| 1000 | &nbsp;&nbsp; 960965 |
| California Municipal Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/30 | 1200 | &nbsp;&nbsp; 1216745 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/31 | 1050 | &nbsp;&nbsp; 1064179 |
| &nbsp;&nbsp;&nbsp; California Pollution Control Financing Authority, RB, <br> Series A, AMT, 4.25%, 11/01/38<sup>(a)</sup><br>| 8350 | &nbsp;&nbsp; 8418102 |
| California School Finance Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | 565 | &nbsp;&nbsp; 556312 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/29 | 195 | &nbsp;&nbsp; 195601 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 06/01/31 | 240 | &nbsp;&nbsp; 229740 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/32 | 985 | &nbsp;&nbsp; 991909 |
| City of Long Beach California Harbor Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 05/15/31 | 1200 | &nbsp;&nbsp; 1224361 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 05/15/32 | 1800 | &nbsp;&nbsp; 1838257 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 05/15/33 | 675 | &nbsp;&nbsp; 688290 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 05/15/34 | 1650 | &nbsp;&nbsp; 1677022 |
| City of Los Angeles California, RB, 5.00%, 06/26/25 | 3700 | &nbsp;&nbsp; 3706335 |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, ARB, AMT, <br> Sustainability Bonds, 5.00%, 05/15/30<br>| 18250 | &nbsp;&nbsp; 19250113 |
| Compton Unified School District, GO, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, (BAM), 0.00%, 06/01/33 | 1000 | &nbsp;&nbsp; 737103 |
| &nbsp;&nbsp;&nbsp; Series B, (BAM), 0.00%, 06/01/34 | 1125 | &nbsp;&nbsp; 795293 |
| &nbsp;&nbsp;&nbsp; Series B, (BAM), 0.00%, 06/01/35 | 1000 | &nbsp;&nbsp; 673776 |
| &nbsp;&nbsp;&nbsp; Series B, (BAM), 0.00%, 06/01/36 | 1000 | &nbsp;&nbsp; 643237 |
| &nbsp;&nbsp;&nbsp; El Camino Community College District Fountation, GO, <br> CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, Election 2002, 0.00%, 08/01/30 | 9090 | &nbsp;&nbsp; 7691220 |
| &nbsp;&nbsp;&nbsp; Series C, Election 2002, 0.00%, 08/01/31 | 12465 | &nbsp;&nbsp; 10159602 |
| &nbsp;&nbsp;&nbsp; Series C, Election 2002, 0.00%, 08/01/32 | 17435 | &nbsp;&nbsp; 13623790 |
| Los Angeles Unified School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, Election 2008, 4.00%, 07/01/33 | 3000 | &nbsp;&nbsp; 3001318 |
| &nbsp;&nbsp;&nbsp; Series A, Election 2008, 4.00%, 07/01/35 | 5000 | &nbsp;&nbsp; 4921773 |
| &nbsp;&nbsp;&nbsp; Monterey Peninsula Community College District, Refunding <br> GO, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/30 | 3500 | &nbsp;&nbsp; 2794621 |
| &nbsp;&nbsp;&nbsp; 0.00%, 08/01/31 | 5940 | &nbsp;&nbsp; 4531939 |
| M-S-R Energy Authority, RB, Series C, 6.13%, 11/01/29 | 1855 | &nbsp;&nbsp; 1952435 |
| &nbsp;&nbsp;&nbsp; Norman Y Mineta San Jose International Airport SJC, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 03/01/30 | 500 | &nbsp;&nbsp; 509557 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 03/01/31 | 1500 | &nbsp;&nbsp; 1524733 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 03/01/32 | 1000 | &nbsp;&nbsp; 1016134 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **California (continued)** | **California (continued)** |  |
| &nbsp;&nbsp;&nbsp; Norman Y Mineta San Jose International Airport SJC, <br> Refunding RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 03/01/33 | 975 | &nbsp;&nbsp; $987681 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 03/01/34 | 1250 | &nbsp;&nbsp; 1259333 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 03/01/35 | 2000 | &nbsp;&nbsp; 2011307 |
| Poway Unified School District, GO<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 1-A, Election 2008, 0.00%, 08/01/30 | 10000 | &nbsp;&nbsp; 8370160 |
| &nbsp;&nbsp;&nbsp; Series 1-A, Election 2008, 0.00%, 08/01/32 | 12500 | &nbsp;&nbsp; 9508016 |
| &nbsp;&nbsp;&nbsp; San Diego County Regional Airport Authority, ARB, Sub-<br> Series B, AMT, 5.00%, 07/01/33<br>| 1000 | &nbsp;&nbsp; 1010242 |
| &nbsp;&nbsp;&nbsp; San Rafael City Elementary School District, GO, Series C, <br> Election 2002, (NPFGC), 0.00%, 08/01/30<sup>(c)</sup><br>| 6350 | &nbsp;&nbsp; 5314900 |
| &nbsp;&nbsp;&nbsp; Washington Township Health Care District, Refunding RB, <br> Series B, 3.00%, 07/01/28<br>| 750 | &nbsp;&nbsp; 719906 |
| &nbsp;&nbsp;&nbsp; Wiseburn School District, GO, Series A, Election 2007, <br> (NPFGC), 0.00%, 08/01/30<sup>(c)</sup><br>| 7505 | &nbsp;&nbsp; 6281805 |
|  |  | &nbsp;&nbsp; 192962281 |
| **Colorado — 5.3%** | **Colorado — 5.3%** |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System Revenue, <br> Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/30 | 12780 | &nbsp;&nbsp; 13421877 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/33 | 25000 | &nbsp;&nbsp; 25467655 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Pledged Excise Tax <br> Revenue, RB, CAB, Series A-2, 0.00%, 08/01/30<sup>(c)</sup><br>| 1000 | &nbsp;&nbsp; 796527 |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado, Refunding RB, AMT, <br> 5.00%, 10/01/32<br>| 2500 | &nbsp;&nbsp; 2456516 |
| &nbsp;&nbsp;&nbsp; Colorado Educational & Cultural Facilities Authority, <br> Refunding RB, 4.00%, 12/01/30<sup>(b)</sup><br>| 920 | &nbsp;&nbsp; 892320 |
| Colorado Health Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/01/30 | 1000 | &nbsp;&nbsp; 1068458 |
| &nbsp;&nbsp;&nbsp; Series B, 2.63%, 05/15/29 | 2100 | &nbsp;&nbsp; 2066248 |
| &nbsp;&nbsp;&nbsp; Series D, 4.17%, 05/15/61<sup>(a)</sup> | 7000 | &nbsp;&nbsp; 6917527 |
| Colorado Health Facilities Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/49<sup>(a)</sup> | 10920 | &nbsp;&nbsp; 11107280 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 08/01/37 | 3000 | &nbsp;&nbsp; 2833326 |
| &nbsp;&nbsp;&nbsp; E-470 Public Highway Authority, Refunding RB, Series B, <br> 3.67%, 09/01/39<sup>(a)</sup><br>| 3160 | &nbsp;&nbsp; 3136802 |
| Park Creek Metropolitan District, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/27 | 1500 | &nbsp;&nbsp; 1511048 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/28 | 1500 | &nbsp;&nbsp; 1510148 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/30 | 1350 | &nbsp;&nbsp; 1357369 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/31 | 1500 | &nbsp;&nbsp; 1507761 |
| &nbsp;&nbsp;&nbsp; Plaza Metropolitan District No. 1, Refunding TA, 4.20%, <br> 12/01/25<sup>(b)</sup><br>| 5280 | &nbsp;&nbsp; 5277037 |
|  |  | &nbsp;&nbsp; 81327899 |
| **Connecticut — 0.5%** | **Connecticut — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; Capital Region Development Authority, Refunding RB, <br> (SAP), 5.00%, 06/15/31<br>| 1125 | &nbsp;&nbsp; 1177804 |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities Authority, <br> RB, Series A, 5.00%, 01/01/30<sup>(b)</sup><br>| 305 | &nbsp;&nbsp; 301732 |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.00%, 07/01/27<sup>(b)</sup> | 225 | &nbsp;&nbsp; 227092 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.00%, 07/01/28<sup>(b)</sup> | 300 | &nbsp;&nbsp; 303163 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.00%, 07/01/29<sup>(b)</sup> | 300 | &nbsp;&nbsp; 303079 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.00%, 07/01/30<sup>(b)</sup> | 300 | &nbsp;&nbsp; 301695 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.00%, 07/01/32<sup>(b)</sup> | 425 | &nbsp;&nbsp; 425453 |
| &nbsp;&nbsp;&nbsp; Series G-1, 5.00%, 07/01/34<sup>(b)</sup> | 355 | &nbsp;&nbsp; 353575 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Connecticut (continued)** | **Connecticut (continued)** |  |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities Authority, <br> Refunding RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series I-1, 5.00%, 07/01/35 | 400 | &nbsp;&nbsp; $406324 |
| State of Connecticut, GO, Series A, 5.00%, 04/15/33 | 3600 | &nbsp;&nbsp; 3752319 |
|  |  | &nbsp;&nbsp; 7552236 |
| **Delaware — 0.9%** | **Delaware — 0.9%** |  |
| County of Kent Delaware, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/25 | 805 | &nbsp;&nbsp; 806252 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/26 | 850 | &nbsp;&nbsp; 858218 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/27 | 890 | &nbsp;&nbsp; 902164 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/28 | 935 | &nbsp;&nbsp; 948352 |
| &nbsp;&nbsp;&nbsp; Delaware State Economic Development Authority, <br> Refunding RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 1.25%, 10/01/45 | 6035 | &nbsp;&nbsp; 5914927 |
| &nbsp;&nbsp;&nbsp; Series B, 1.25%, 10/01/40 | 500 | &nbsp;&nbsp; 493699 |
| &nbsp;&nbsp;&nbsp; Delaware State Health Facilities Authority, RB, 4.00%, <br> 06/01/35<br>| 1370 | &nbsp;&nbsp; 1283740 |
| &nbsp;&nbsp;&nbsp; Delaware Transportation Authority, Refunding RB, 5.00%, <br> 09/01/30<br>| 2000 | &nbsp;&nbsp; 2163903 |
|  |  | &nbsp;&nbsp; 13371255 |
| **District of Columbia — 1.3%** | **District of Columbia — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB, Series A, AMT, 5.00%, <br> 10/01/30<br>| 18325 | &nbsp;&nbsp; 19332450 |
| **Florida — 9.1%** | **Florida — 9.1%** |  |
| &nbsp;&nbsp;&nbsp; Capital Projects Finance Authority, RB, Series A-1, 5.00%, <br> 10/01/30<br>| 1000 | &nbsp;&nbsp; 1029837 |
| Capital Trust Agency, Inc., RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 06/15/29 | 1195 | &nbsp;&nbsp; 1148857 |
| &nbsp;&nbsp;&nbsp; Series A-1, 3.38%, 07/01/31 | 1635 | &nbsp;&nbsp; 1542940 |
| City of Lakeland Florida, Refunding RB, 5.00%, 11/15/30 | 3750 | &nbsp;&nbsp; 3805884 |
| &nbsp;&nbsp;&nbsp; City Of South Miami Health Facilities Authority, Inc., <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/30 | 3245 | &nbsp;&nbsp; 3354200 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/31 | 3130 | &nbsp;&nbsp; 3230848 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/15/34 | 6475 | &nbsp;&nbsp; 6659934 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Aviation Revenue, Refunding <br> RB, Series A, AMT, 5.00%, 10/01/30<br>| 4285 | &nbsp;&nbsp; 4493238 |
| &nbsp;&nbsp;&nbsp; County of Miami-Dade Florida Water & Sewer System <br> Revenue, RB, 5.00%, 10/01/27<br>| 5000 | &nbsp;&nbsp; 5221000 |
| County of Miami-Dade Florida, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, 04/01/30 | 12305 | &nbsp;&nbsp; 12342280 |
| &nbsp;&nbsp;&nbsp; Series B, 4.00%, 04/01/32 | 6690 | &nbsp;&nbsp; 6693052 |
| &nbsp;&nbsp;&nbsp; County of St. Johns Florida Water & Sewer Revenue, <br> Refunding RB, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 06/01/30 | 2000 | &nbsp;&nbsp; 1683885 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 06/01/31 | 1295 | &nbsp;&nbsp; 1049991 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 06/01/32 | 2495 | &nbsp;&nbsp; 1938501 |
| &nbsp;&nbsp;&nbsp; Double Branch Community Development District, <br> Refunding SAB, Series A-1, Senior Lien, 4.13%, <br> 05/01/31<br>| 1200 | &nbsp;&nbsp; 1200384 |
| &nbsp;&nbsp;&nbsp; East Nassau Stewardship District, SAB, Series 2024, <br> 5.25%, 05/01/29<br>| 3365 | &nbsp;&nbsp; 3366386 |
| Florida Development Finance Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 05/01/29<sup>(b)</sup> | 1500 | &nbsp;&nbsp; 1515135 |
| &nbsp;&nbsp;&nbsp; AMT, 3.00%, 06/01/32 | 2665 | &nbsp;&nbsp; 2336383 |
| Florida Development Finance Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/25<sup>(b)</sup> | 100 | &nbsp;&nbsp; 99982 |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/01/26<sup>(b)</sup> | 110 | &nbsp;&nbsp; 109654 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/15/30<sup>(b)</sup> | 470 | &nbsp;&nbsp; 445655 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida (continued)** | **Florida (continued)** |  |
| &nbsp;&nbsp;&nbsp; Florida Development Finance Corp., Refunding <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 07/01/34 | 2500 | &nbsp;&nbsp; $2505623 |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.00%, 07/01/44 | 4685 | &nbsp;&nbsp; 4620973 |
| Hillsborough County Aviation Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 10/01/30 | 2325 | &nbsp;&nbsp; 2448038 |
| &nbsp;&nbsp;&nbsp; Class B, AMT, 5.00%, 10/01/30 | 9145 | &nbsp;&nbsp; 9628951 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, Refunding SAB, <br> 3.20%, 05/01/30<sup>(b)</sup><br>| 540 | &nbsp;&nbsp; 517182 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, 5.40%, <br> 05/01/28<br>| 780 | &nbsp;&nbsp; 791991 |
| &nbsp;&nbsp;&nbsp; Lakewood Ranch Stewardship District, SAB, S/F Housing, <br> 3.40%, 05/01/30<br>| 375 | &nbsp;&nbsp; 362583 |
| &nbsp;&nbsp;&nbsp; Lee County Industrial Development Authority, RB, <br> Series B-3, 4.13%, 11/15/29<br>| 3415 | &nbsp;&nbsp; 3406084 |
| &nbsp;&nbsp;&nbsp; LT Ranch Community Development District, SAB, 3.40%, <br> 05/01/30<br>| 985 | &nbsp;&nbsp; 948859 |
| &nbsp;&nbsp;&nbsp; Miami Beach Health Facilities Authority, Refunding RB, <br> 5.00%, 11/15/30<br>| 1000 | &nbsp;&nbsp; 1000394 |
| &nbsp;&nbsp;&nbsp; Orange County Convention Center/Orlando, Refunding RB, <br> 5.00%, 10/01/30<br>| 11470 | &nbsp;&nbsp; 12407521 |
| &nbsp;&nbsp;&nbsp; Palm Beach County Health Facilities Authority, Refunding <br> RB, 5.00%, 11/15/32<br>| 19920 | &nbsp;&nbsp; 20131571 |
| &nbsp;&nbsp;&nbsp; Sarasota National Community Development District, <br> Refunding SAB, 3.50%, 05/01/31<br>| 1000 | &nbsp;&nbsp; 945541 |
| &nbsp;&nbsp;&nbsp; School Board of Miami-Dade County, Refunding COP, <br> Series A, 5.00%, 05/01/32<br>| 9000 | &nbsp;&nbsp; 9106278 |
| &nbsp;&nbsp;&nbsp; St. Johns County Industrial Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/25 | 180 | &nbsp;&nbsp; 179477 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/28 | 200 | &nbsp;&nbsp; 194282 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/29 | 215 | &nbsp;&nbsp; 206599 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/30 | 195 | &nbsp;&nbsp; 185275 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/31 | 205 | &nbsp;&nbsp; 192581 |
| &nbsp;&nbsp;&nbsp; Tolomato Community Development District, Refunding <br> SAB, Sub-Series A-2, 3.85%, 05/01/29<br>| 410 | &nbsp;&nbsp; 402215 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 15, SAB, <br> 4.25%, 05/01/28<sup>(b)</sup><br>| 560 | &nbsp;&nbsp; 563169 |
| &nbsp;&nbsp;&nbsp; Village Community Development District No. 5, Refunding <br> SAB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.50%, 05/01/28 | 2705 | &nbsp;&nbsp; 2695767 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/33 | 830 | &nbsp;&nbsp; 809229 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/01/34 | 1860 | &nbsp;&nbsp; 1796052 |
|  |  | &nbsp;&nbsp; 139314261 |
| **Georgia — 7.4%** | **Georgia — 7.4%** |  |
| &nbsp;&nbsp;&nbsp; City of Atlanta Georgia Department of Aviation, Refunding <br> ARB, Series B, AMT, 5.00%, 07/01/29<br>| 4150 | &nbsp;&nbsp; 4345525 |
| &nbsp;&nbsp;&nbsp; DeKalb County Housing Authority, RB, M/F Housing, <br> Series A, 4.00%, 12/01/33<br>| 6870 | &nbsp;&nbsp; 6645094 |
| &nbsp;&nbsp;&nbsp; DeKalb County Housing Authority, Refunding RB, 4.13%, <br> 12/01/34<br>| 1460 | &nbsp;&nbsp; 1418603 |
| Georgia Ports Authority, ARB, 5.00%, 07/01/30 | 1175 | &nbsp;&nbsp; 1273323 |
| Main Street Natural Gas, Inc., RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/29 | 1250 | &nbsp;&nbsp; 1298148 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/15/30 | 8000 | &nbsp;&nbsp; 8283516 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 07/01/52<sup>(a)</sup> | 3500 | &nbsp;&nbsp; 3491784 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 09/01/52<sup>(a)</sup> | 15000 | &nbsp;&nbsp; 14840067 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/53<sup>(a)</sup> | 11185 | &nbsp;&nbsp; 11550898 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/52<sup>(a)</sup> | 20190 | &nbsp;&nbsp; 20806369 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/53<sup>(a)</sup> | 8910 | &nbsp;&nbsp; 9274778 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Georgia (continued)** | **Georgia (continued)** |  |
| Main Street Natural Gas, Inc., RB (continued) |  |  |
| &nbsp;&nbsp;&nbsp; Series C, 4.00%, 05/01/52<sup>(a)</sup> | 5360 | &nbsp;&nbsp; $5335342 |
| &nbsp;&nbsp;&nbsp; Main Street Natural Gas, Inc., Refunding RB, Series E-1, <br> 5.00%, 12/01/53<sup>(a)</sup><br>| 9865 | &nbsp;&nbsp; 10289435 |
| &nbsp;&nbsp;&nbsp; Municipal Electric Authority of Georgia, RB, Series A, <br> 5.00%, 01/01/34<br>| 8000 | &nbsp;&nbsp; 8262910 |
| Municipal Electric Authority of Georgia, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/29 | 2000 | &nbsp;&nbsp; 2106506 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | 1905 | &nbsp;&nbsp; 2028072 |
| &nbsp;&nbsp;&nbsp; Series A-R, Subordinate, 5.00%, 01/01/29 | 1200 | &nbsp;&nbsp; 1263903 |
| &nbsp;&nbsp;&nbsp; Series A-R, Subordinate, 5.00%, 01/01/30 | 1250 | &nbsp;&nbsp; 1330756 |
|  |  | &nbsp;&nbsp; 113845029 |
| **Guam — 0.2%** | **Guam — 0.2%** |  |
| Territory of Guam, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/01/30 | 500 | &nbsp;&nbsp; 521512 |
| &nbsp;&nbsp;&nbsp; Series F, 5.00%, 01/01/30 | 1160 | &nbsp;&nbsp; 1207617 |
| &nbsp;&nbsp;&nbsp; Series F, 5.00%, 01/01/31 | 1250 | &nbsp;&nbsp; 1308846 |
|  |  | &nbsp;&nbsp; 3037975 |
| **Idaho — 0.0%** | **Idaho — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Idaho Housing & Finance Association, RB, Series A, 4.63%, <br> 07/01/29<sup>(b)</sup><br>| 135 | &nbsp;&nbsp; 133649 |
| **Illinois — 7.7%** | **Illinois — 7.7%** |  |
| Chicago Housing Authority, RB, M/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (HUD SEC 8), 5.00%, 01/01/33 | 3000 | &nbsp;&nbsp; 3075300 |
| &nbsp;&nbsp;&nbsp; Series A, (HUD SEC 8), 5.00%, 01/01/35 | 1500 | &nbsp;&nbsp; 1536907 |
| &nbsp;&nbsp;&nbsp; Chicago O'Hare International Airport, Refunding RB, <br> Series B, Senior Lien, 5.00%, 01/01/33<br>| 6000 | &nbsp;&nbsp; 6137408 |
| &nbsp;&nbsp;&nbsp; Chicago Transit Authority Capital Grant Receipts Revenue, <br> Refunding RB, 5.00%, 06/01/26<br>| 3000 | &nbsp;&nbsp; 3056153 |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois, Refunding GO, Series B, 4.00%, <br> 01/01/30<br>| 1053 | &nbsp;&nbsp; 1037244 |
| Illinois Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/01/24 | 425 | &nbsp;&nbsp; 193375 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/01/26<sup>(d)(e)</sup> | 460 | &nbsp;&nbsp; 209300 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/01/28<sup>(d)(e)</sup> | 1745 | &nbsp;&nbsp; 793975 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/01/29<sup>(d)(e)</sup> | 1840 | &nbsp;&nbsp; 837200 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/30 | 1000 | &nbsp;&nbsp; 1020072 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/01/30<sup>(d)(e)</sup> | 1935 | &nbsp;&nbsp; 880425 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/31 | 8415 | &nbsp;&nbsp; 8418789 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 10/01/32 | 1000 | &nbsp;&nbsp; 1000198 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/32 | 2075 | &nbsp;&nbsp; 2075753 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 02/01/33 | 12850 | &nbsp;&nbsp; 12551481 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/33 | 2125 | &nbsp;&nbsp; 2125714 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 08/15/30 | 3205 | &nbsp;&nbsp; 3262985 |
| &nbsp;&nbsp;&nbsp; Series B, 4.32%, 05/01/42<sup>(a)</sup> | 1750 | &nbsp;&nbsp; 1746092 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 02/15/30 | 12000 | &nbsp;&nbsp; 12260105 |
| Illinois Municipal Electric Agency, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/01/31 | 3000 | &nbsp;&nbsp; 3009046 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/01/32 | 1500 | &nbsp;&nbsp; 1499524 |
| &nbsp;&nbsp;&nbsp; Illinois Sports Facilities Authority, RB, (AMBAC), 0.00%, <br> 06/15/26<sup>(c)</sup><br>| 2345 | &nbsp;&nbsp; 2246292 |
| &nbsp;&nbsp;&nbsp; Illinois State Toll Highway Authority, Refunding RB, <br> Series A, 4.00%, 12/01/31<br>| 20000 | &nbsp;&nbsp; 20055727 |
| &nbsp;&nbsp;&nbsp; Kane McHenry Cook & De Kalb Counties Unit School <br> District No. 300, Refunding GO, Series A, 5.00%, <br> 01/01/30<br>| 6350 | &nbsp;&nbsp; 6494752 |
| Metropolitan Pier & Exposition Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/28 | 1200 | &nbsp;&nbsp; 1242569 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/30 | 1385 | &nbsp;&nbsp; 1431055 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Illinois (continued)** | **Illinois (continued)** |  |
| &nbsp;&nbsp;&nbsp; Sales Tax Securitization Corp., Refunding RB, Series A, <br> 2nd Lien, 5.00%, 01/01/30<br>| 10000 | &nbsp;&nbsp; $10583433 |
| State of Illinois, GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/28 | 7450 | &nbsp;&nbsp; 7669992 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/01/32 | 1500 | &nbsp;&nbsp; 1595503 |
| &nbsp;&nbsp;&nbsp; Upper Illinois River Valley Development Authority, <br> Refunding RB, 4.00%, 01/01/31<sup>(b)</sup><br>| 255 | &nbsp;&nbsp; 244635 |
|  |  | &nbsp;&nbsp; 118291004 |
| **Indiana — 0.6%** | **Indiana — 0.6%** |  |
| Indiana Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.13%, 12/01/26 | 3665 | &nbsp;&nbsp; 3682007 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/15/29 | 1165 | &nbsp;&nbsp; 1200387 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/15/30 | 1220 | &nbsp;&nbsp; 1257388 |
| &nbsp;&nbsp;&nbsp; Series B, 3.92%, 03/01/39<sup>(a)</sup> | 920 | &nbsp;&nbsp; 897259 |
| Northern Indiana Commuter Transportation District, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/32 | 1000 | &nbsp;&nbsp; 1015303 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | 1400 | &nbsp;&nbsp; 1420613 |
|  |  | &nbsp;&nbsp; 9472957 |
| **Iowa — 1.6%** | **Iowa — 1.6%** |  |
| PEFA, Inc., RB, 5.00%, 09/01/49<sup>(a)</sup> | 23930 | &nbsp;&nbsp; 24192412 |
| **Kansas — 0.1%** | **Kansas — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; City of Manhattan Kansas, Refunding RB, Series A, 4.00%, <br> 06/01/26<br>| 315 | &nbsp;&nbsp; 312666 |
| City of Shawnee Kansas, RB, 4.00%, 08/01/31<sup>(b)</sup> | 500 | &nbsp;&nbsp; 465916 |
| &nbsp;&nbsp;&nbsp; Wyandotte County-Kansas City Unified Government Utility <br> System Revenue, RB, Series A, 5.00%, 09/01/33<br>| 1370 | &nbsp;&nbsp; 1374969 |
|  |  | &nbsp;&nbsp; 2153551 |
| **Kentucky — 1.4%** | **Kentucky — 1.4%** |  |
| Kentucky Public Energy Authority, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 4.00%, 08/01/52 | 6545 | &nbsp;&nbsp; 6487464 |
| &nbsp;&nbsp;&nbsp; Series C-1, 4.00%, 12/01/49 | 7500 | &nbsp;&nbsp; 7499479 |
| &nbsp;&nbsp;&nbsp; Kentucky Public Transportation Infrastructure Authority, RB, <br> CAB, 0.00%, 07/01/30<sup>(c)</sup><br>| 1230 | &nbsp;&nbsp; 942002 |
| &nbsp;&nbsp;&nbsp; Louisville/Jefferson County Metropolitan Government, <br> Refunding RB, Series A, 5.00%, 10/01/32<br>| 7300 | &nbsp;&nbsp; 7414839 |
|  |  | &nbsp;&nbsp; 22343784 |
| **Louisiana — 1.3%** | **Louisiana — 1.3%** |  |
| City of Ruston Louisiana Sales Tax Revenue, RB |  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 06/01/29 | 1060 | &nbsp;&nbsp; 1073961 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 06/01/30 | 1000 | &nbsp;&nbsp; 1011996 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 06/01/31 | 1020 | &nbsp;&nbsp; 1031729 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 06/01/32 | 1225 | &nbsp;&nbsp; 1238476 |
| &nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & <br> Community Development Authority, RB, 5.00%, <br> 08/15/30<br>| 4700 | &nbsp;&nbsp; 4835189 |
| &nbsp;&nbsp;&nbsp; Louisiana Local Government Environmental Facilities & <br> Community Development Authority, Refunding RB, <br> Series A, 2.00%, 06/01/30<br>| 1250 | &nbsp;&nbsp; 1130423 |
| Louisiana Public Facilities Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/29 | 585 | &nbsp;&nbsp; 588408 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 04/01/30 | 375 | &nbsp;&nbsp; 368563 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/31 | 500 | &nbsp;&nbsp; 485454 |
| Louisiana Public Facilities Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/29 | 1235 | &nbsp;&nbsp; 1244674 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/30 | 990 | &nbsp;&nbsp; 996607 |
| &nbsp;&nbsp;&nbsp; 3.00%, 05/15/31 | 2225 | &nbsp;&nbsp; 2050406 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Louisiana (continued)** | **Louisiana (continued)** |  |
| &nbsp;&nbsp;&nbsp; Louisiana Public Facilities Authority, Refunding <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/32 | 1485 | &nbsp;&nbsp; $1492563 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/33 | 2175 | &nbsp;&nbsp; 2186464 |
|  |  | &nbsp;&nbsp; 19734913 |
| **Maine — 0.2%** | **Maine — 0.2%** |  |
| &nbsp;&nbsp;&nbsp; City of Portland Maine General Airport Revenue, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.00%, 01/01/33 | 695 | &nbsp;&nbsp; 730489 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 5.00%, 01/01/34 | 305 | &nbsp;&nbsp; 319721 |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 4.00%, 01/01/35 | 1000 | &nbsp;&nbsp; 985542 |
| Maine Turnpike Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/29 | 300 | &nbsp;&nbsp; 321881 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | 275 | &nbsp;&nbsp; 298377 |
|  |  | &nbsp;&nbsp; 2656010 |
| **Maryland — 2.1%** | **Maryland — 2.1%** |  |
| &nbsp;&nbsp;&nbsp; City of Baltimore Maryland, Refunding RB, Convertible, <br> 5.00%, 09/01/31<br>| 1250 | &nbsp;&nbsp; 1254899 |
| &nbsp;&nbsp;&nbsp; County of Prince George's Maryland, TA, 5.00%, <br> 07/01/30<sup>(b)</sup><br>| 585 | &nbsp;&nbsp; 591748 |
| &nbsp;&nbsp;&nbsp; Howard County Housing Commission, RB, M/F Housing, <br> 5.00%, 12/01/33<br>| 1765 | &nbsp;&nbsp; 1801829 |
| &nbsp;&nbsp;&nbsp; Maryland Health & Higher Educational Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/29 | 2200 | &nbsp;&nbsp; 2203350 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/31 | 2400 | &nbsp;&nbsp; 2429316 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/32 | 500 | &nbsp;&nbsp; 513338 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/33 | 2585 | &nbsp;&nbsp; 2616685 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/34 | 775 | &nbsp;&nbsp; 792952 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/31 | 2865 | &nbsp;&nbsp; 2898138 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/32 | 3010 | &nbsp;&nbsp; 3043213 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/33 | 3165 | &nbsp;&nbsp; 3196151 |
| &nbsp;&nbsp;&nbsp; State of Maryland Department of Transportation, ARB, <br> 5.00%, 09/01/29<br>| 5470 | &nbsp;&nbsp; 5677298 |
| State of Maryland, GO, Series 1, 3.00%, 03/15/34 | 5000 | &nbsp;&nbsp; 4615633 |
|  |  | &nbsp;&nbsp; 31634550 |
| **Massachusetts — 1.2%** | **Massachusetts — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Massachusetts, GOL, Series I, 5.00%, <br> 12/01/33<br>| 5000 | &nbsp;&nbsp; 5109730 |
| &nbsp;&nbsp;&nbsp; Massachusetts Bay Transportation Authority Sales Tax <br> Revenue, Refunding RB, Series B, 5.25%, 07/01/30<br>| 1900 | &nbsp;&nbsp; 2047042 |
| &nbsp;&nbsp;&nbsp; Massachusetts Bay Transportation Authority Sales Tax <br> Revenue, Refunding RB, CAB, Series A, 0.00%, <br> 07/01/32<sup>(c)</sup><br>| 4000 | &nbsp;&nbsp; 3020816 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, RB, <br> Series A, 5.00%, 01/01/33<br>| 1070 | &nbsp;&nbsp; 1090247 |
| &nbsp;&nbsp;&nbsp; Massachusetts Development Finance Agency, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/32 | 2020 | &nbsp;&nbsp; 2074918 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/33 | 1500 | &nbsp;&nbsp; 1537064 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/34 | 2085 | &nbsp;&nbsp; 2129005 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/35 | 2000 | &nbsp;&nbsp; 2036997 |
|  |  | &nbsp;&nbsp; 19045819 |
| **Michigan — 2.3%** | **Michigan — 2.3%** |  |
| City of Detroit Michigan, GO |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/26 | 735 | &nbsp;&nbsp; 744431 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/27 | 580 | &nbsp;&nbsp; 594793 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/28 | 665 | &nbsp;&nbsp; 689245 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/29 | 665 | &nbsp;&nbsp; 685484 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Michigan (continued)** | **Michigan (continued)** |  |
| City of Detroit Michigan, GO (continued) |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/30 | 510 | &nbsp;&nbsp; $524915 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/31 | 735 | &nbsp;&nbsp; 755214 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/32 | 625 | &nbsp;&nbsp; 640788 |
| &nbsp;&nbsp;&nbsp; 5.00%, 04/01/33 | 830 | &nbsp;&nbsp; 848642 |
| &nbsp;&nbsp;&nbsp; Michigan Finance Authority, Refunding RB, 4.37%, <br> 04/15/47<sup>(a)</sup><br>| 16595 | &nbsp;&nbsp; 16447707 |
| Michigan Strategic Fund, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 06/30/30 | 1325 | &nbsp;&nbsp; 1342796 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/31/32 | 2000 | &nbsp;&nbsp; 2028561 |
| &nbsp;&nbsp;&nbsp; AMT, Sustainability Bonds, 4.00%, 10/01/61<sup>(a)</sup> | 3690 | &nbsp;&nbsp; 3685023 |
| Michigan Strategic Fund, Refunding RB, 5.00%, 11/15/29 | 1260 | &nbsp;&nbsp; 1311856 |
| Saginaw Valley State University, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/31 | 2070 | &nbsp;&nbsp; 2101721 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/32 | 1430 | &nbsp;&nbsp; 1451122 |
| &nbsp;&nbsp;&nbsp; State of Michigan Trunk Line Revenue, RB, 5.00%, <br> 11/15/30<br>| 800 | &nbsp;&nbsp; 872815 |
|  |  | &nbsp;&nbsp; 34725113 |
| **Minnesota — 0.5%** | **Minnesota — 0.5%** |  |
| &nbsp;&nbsp;&nbsp; City of Spring Lake Park New Mexico, RB, 4.00%, <br> 06/15/29<br>| 1005 | &nbsp;&nbsp; 967193 |
| Minnesota Housing Finance Agency, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series L, AMT, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.90%, 01/01/30<br>| 455 | &nbsp;&nbsp; 463005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series L, AMT, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 4.95%, 07/01/30<br>| 480 | &nbsp;&nbsp; 489453 |
| &nbsp;&nbsp;&nbsp; Sartell-St Stephen Independent School District No. 748, <br> GO, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 02/01/30 | 3915 | &nbsp;&nbsp; 3205939 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 02/01/31 | 2190 | &nbsp;&nbsp; 1711381 |
| &nbsp;&nbsp;&nbsp; Series B, 0.00%, 02/01/32 | 1450 | &nbsp;&nbsp; 1076604 |
|  |  | &nbsp;&nbsp; 7913575 |
| **Mississippi — 1.3%** | **Mississippi — 1.3%** |  |
| Mississippi Development Bank, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 03/01/30 | 2280 | &nbsp;&nbsp; 2299629 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 03/01/31 | 1595 | &nbsp;&nbsp; 1608210 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 03/01/32 | 2000 | &nbsp;&nbsp; 2015752 |
| &nbsp;&nbsp;&nbsp; Series A, (AGM), 5.00%, 03/01/33 | 1275 | &nbsp;&nbsp; 1284627 |
| &nbsp;&nbsp;&nbsp; State of Mississippi Gaming Tax Revenue, RB, Series E, <br> 5.00%, 10/15/33<br>| 12225 | &nbsp;&nbsp; 12282097 |
|  |  | &nbsp;&nbsp; 19490315 |
| **Missouri — 0.9%** | **Missouri — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Health & Educational Facilities Authority of the State of <br> Missouri, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/30 | 5000 | &nbsp;&nbsp; 5065284 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/15/31 | 1175 | &nbsp;&nbsp; 1190494 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/32 | 1680 | &nbsp;&nbsp; 1684464 |
| &nbsp;&nbsp;&nbsp; 4.00%, 05/15/33 | 2000 | &nbsp;&nbsp; 1964788 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 02/01/30 | 485 | &nbsp;&nbsp; 506993 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/33 | 2010 | &nbsp;&nbsp; 1984316 |
| &nbsp;&nbsp;&nbsp; Industrial Development Authority of the City of St. Louis <br> Missouri, Refunding RB, Series A, 3.88%, 11/15/29<br>| 670 | &nbsp;&nbsp; 639052 |
| &nbsp;&nbsp;&nbsp; St. Louis Land Clearance for Redevelopment Authority, <br> Refunding RB, 3.88%, 10/01/35<br>| 345 | &nbsp;&nbsp; 331522 |
|  |  | &nbsp;&nbsp; 13366913 |
| **Montana — 0.6%** | **Montana — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; City of Forsyth Montana, Refunding RB, Series A, 3.90%, <br> 03/01/31<sup>(a)</sup><br>| 10050 | &nbsp;&nbsp; 9852032 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Nebraska — 1.0%** | **Nebraska — 1.0%** |  |
| &nbsp;&nbsp;&nbsp; Central Plains Energy Project, Refunding RB, 4.00%, <br> 12/01/49<sup>(a)</sup><br>| $14540 | &nbsp;&nbsp; $14540894 |
| Elkhorn School District, GO |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/32 | 325 | &nbsp;&nbsp; 329711 |
| &nbsp;&nbsp;&nbsp; 4.00%, 12/15/33 | 375 | &nbsp;&nbsp; 379846 |
|  |  | &nbsp;&nbsp; 15250451 |
| **Nevada — 0.4%** | **Nevada — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; County of Clark Nevada, Refunding GOL, Series B, 4.00%, <br> 11/01/34<br>| 5000 | &nbsp;&nbsp; 5015993 |
| State of Nevada Department of Business & Industry, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/15/27 | 220 | &nbsp;&nbsp; 220363 |
| &nbsp;&nbsp;&nbsp; Series A, 4.50%, 12/15/29<sup>(b)</sup> | 365 | &nbsp;&nbsp; 361481 |
|  |  | &nbsp;&nbsp; 5597837 |
| **New Hampshire — 1.2%** | **New Hampshire — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; National Finance Authority Affordable Housing Certificates, <br> Series 2024-1, Class A, 4.15%, 10/20/40<br>| 19170 | &nbsp;&nbsp; 18050455 |
| New Hampshire Business Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/01/28 | 285 | &nbsp;&nbsp; 282562 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/01/29 | 300 | &nbsp;&nbsp; 295578 |
| &nbsp;&nbsp;&nbsp; 4.00%, 01/01/30 | 280 | &nbsp;&nbsp; 273334 |
|  |  | &nbsp;&nbsp; 18901929 |
| **New Jersey — 13.8%** | **New Jersey — 13.8%** |  |
| &nbsp;&nbsp;&nbsp; Atlantic City Board of Education, Refunding GO, (AGM), <br> 4.00%, 04/01/30<br>| 170 | &nbsp;&nbsp; 171652 |
| New Jersey Economic Development Authority, ARB |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 09/15/29 | 5575 | &nbsp;&nbsp; 5576016 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.63%, 11/15/30 | 1740 | &nbsp;&nbsp; 1741285 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.63%, 11/15/30 | 1315 | &nbsp;&nbsp; 1315502 |
| New Jersey Economic Development Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 06/15/29<sup>(b)</sup> | 435 | &nbsp;&nbsp; 428167 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 07/01/29 | 285 | &nbsp;&nbsp; 279356 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/32 | 4500 | &nbsp;&nbsp; 4634443 |
| &nbsp;&nbsp;&nbsp; Series C, 5.00%, 06/15/32 | 3600 | &nbsp;&nbsp; 3707555 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 01/01/28 | 4705 | &nbsp;&nbsp; 4715043 |
| &nbsp;&nbsp;&nbsp; Series QQQ, Sustainability Bonds, 5.00%, 06/15/30 | 600 | &nbsp;&nbsp; 641225 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 06/01/28 | 1000 | &nbsp;&nbsp; 1025418 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/29 | 1595 | &nbsp;&nbsp; 1651152 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 06/01/30 | 1500 | &nbsp;&nbsp; 1537680 |
| &nbsp;&nbsp;&nbsp; (AGM), 5.00%, 06/01/31 | 1750 | &nbsp;&nbsp; 1792912 |
| &nbsp;&nbsp;&nbsp; (AGM), 4.00%, 06/01/32 | 2125 | &nbsp;&nbsp; 2075940 |
| &nbsp;&nbsp;&nbsp; Series MMM, 4.00%, 06/15/35 | 5000 | &nbsp;&nbsp; 4944161 |
| &nbsp;&nbsp;&nbsp; Sub-Series A, 4.00%, 07/01/32 | 9855 | &nbsp;&nbsp; 9459766 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 2.20%, 10/01/39<sup>(a)</sup> | 4000 | &nbsp;&nbsp; 3531600 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Refunding <br> SAB, 5.75%, 04/01/31<br>| 5000 | &nbsp;&nbsp; 5114647 |
| &nbsp;&nbsp;&nbsp; New Jersey Educational Facilities Authority, Refunding RB, <br> Series C, 5.00%, 07/01/32<br>| 1500 | &nbsp;&nbsp; 1550312 |
| &nbsp;&nbsp;&nbsp; New Jersey Health Care Facilities Financing Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/28 | 1500 | &nbsp;&nbsp; 1508661 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/29 | 4150 | &nbsp;&nbsp; 4204849 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/30 | 3500 | &nbsp;&nbsp; 3542905 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/30 | 11245 | &nbsp;&nbsp; 11456419 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 1A, AMT, 5.00%, 12/01/25 | 5500 | &nbsp;&nbsp; 5531578 |
| &nbsp;&nbsp;&nbsp; Series 1A, AMT, 5.00%, 12/01/26 | 2250 | &nbsp;&nbsp; 2264177 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.00%, 12/01/32 | 395 | &nbsp;&nbsp; 389290 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.00%, 12/01/33 | 320 | &nbsp;&nbsp; 313478 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey (continued)** | **New Jersey (continued)** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance Authority, <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.00%, 12/01/34 | 160 | &nbsp;&nbsp; $154538 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.00%, 12/01/35 | 160 | &nbsp;&nbsp; 152901 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 12/01/30 | 10000 | &nbsp;&nbsp; 10456494 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance Authority, <br> Refunding RB, Series A, AMT, 5.00%, 12/01/30<br>| 1875 | &nbsp;&nbsp; 1960482 |
| &nbsp;&nbsp;&nbsp; New Jersey Housing & Mortgage Finance Agency, <br> Refunding RB, Series A, AMT, 3.80%, 10/01/32<br>| 10165 | &nbsp;&nbsp; 9744628 |
| &nbsp;&nbsp;&nbsp; New Jersey Institute of Technology, RB, Series A, 5.00%, <br> 07/01/31<br>| 3385 | &nbsp;&nbsp; 3392028 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/30 | 2550 | &nbsp;&nbsp; 2581422 |
| &nbsp;&nbsp;&nbsp; Series BB, 5.00%, 12/15/28<sup>(f)</sup> | 230 | &nbsp;&nbsp; 244987 |
| &nbsp;&nbsp;&nbsp; Series BB, 5.00%, 06/15/30 | 1270 | &nbsp;&nbsp; 1329283 |
| &nbsp;&nbsp;&nbsp; Series C, (NPFGC), 0.00%, 12/15/30<sup>(c)</sup> | 35000 | &nbsp;&nbsp; 28393598 |
| &nbsp;&nbsp;&nbsp; Series CC, 5.00%, 06/15/30 | 1530 | &nbsp;&nbsp; 1635177 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, Refunding <br> RB, Series A, 5.00%, 06/15/30<br>| 11600 | &nbsp;&nbsp; 11748521 |
| &nbsp;&nbsp;&nbsp; Newark Housing Authority, Refunding RB, (NPFGC), <br> 5.25%, 01/01/27<br>| 5000 | &nbsp;&nbsp; 5119057 |
| State of New Jersey, GO, Series A, 4.00%, 06/01/30 | 24000 | &nbsp;&nbsp; 24868630 |
| Tobacco Settlement Financing Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/30 | 16740 | &nbsp;&nbsp; 17224566 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/32 | 8270 | &nbsp;&nbsp; 8457281 |
|  |  | &nbsp;&nbsp; 212568782 |
| **New Mexico — 0.8%** | **New Mexico — 0.8%** |  |
| &nbsp;&nbsp;&nbsp; City of Santa Fe New Mexico, Refunding RB, 5.00%, <br> 05/15/32<br>| 1000 | &nbsp;&nbsp; 1000150 |
| New Mexico Educational Assistance Foundation, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, (GTD STD LNS), 3.75%, 09/01/31 | 100 | &nbsp;&nbsp; 98494 |
| &nbsp;&nbsp;&nbsp; Series A-1, AMT, (GTD STD LNS), 3.88%, 04/01/34 | 20 | &nbsp;&nbsp; 19489 |
| &nbsp;&nbsp;&nbsp; Series A-2, AMT, (GTD STD LNS), 3.80%, 11/01/32 | 100 | &nbsp;&nbsp; 97853 |
| &nbsp;&nbsp;&nbsp; Series A-2, AMT, (GTD STD LNS), 3.80%, 09/01/33 | 100 | &nbsp;&nbsp; 97142 |
| &nbsp;&nbsp;&nbsp; New Mexico Municipal Energy Acquisition Authority, <br> Refunding RB, Series A, 5.00%, 11/01/39<sup>(a)</sup><br>| 10570 | &nbsp;&nbsp; 10570000 |
|  |  | &nbsp;&nbsp; 11883128 |
| **New York — 7.1%** | **New York — 7.1%** |  |
| City of New York, GO, Series B-1, 5.00%, 12/01/33 | 4000 | &nbsp;&nbsp; 4081303 |
| &nbsp;&nbsp;&nbsp; Genesee County Funding Corp., Refunding RB, Series A, <br> 5.00%, 12/01/30<br>| 500 | &nbsp;&nbsp; 527198 |
| Hempstead Town Local Development Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | 200 | &nbsp;&nbsp; 213735 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/31 | 300 | &nbsp;&nbsp; 323352 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Dedicated Tax Fund, <br> Refunding RB, CAB, Series A, 0.00%, 11/15/30<sup>(c)</sup><br>| 13000 | &nbsp;&nbsp; 10398858 |
| Metropolitan Transportation Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 2nd Sub Series, (AGM), 3.72%, 11/01/32<sup>(a)</sup> | 2875 | &nbsp;&nbsp; 2856676 |
| &nbsp;&nbsp;&nbsp; Sub-Series C-1, Sustainability Bonds, 5.00%, 11/15/34 | 10000 | &nbsp;&nbsp; 10267848 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB, Sub-Series B-1, 5.00%, <br> 08/01/30<br>| 4980 | &nbsp;&nbsp; 5152243 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority, RB, <br> Series H-1, 5.00%, 11/01/30<br>| 1400 | &nbsp;&nbsp; 1526166 |
| &nbsp;&nbsp;&nbsp; New York State Dormitory Authority, Refunding RB, <br> Series A, 5.00%, 05/01/36<br>| 7500 | &nbsp;&nbsp; 7500000 |
| &nbsp;&nbsp;&nbsp; New York State Energy Research & Development Authority, <br> Refunding RB, Series D, 3.50%, 10/01/29<br>| 5000 | &nbsp;&nbsp; 4830724 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** |  |
| &nbsp;&nbsp;&nbsp; New York State Environmental Facilities Corp., RB, AMT, <br> 5.13%, 09/01/50<sup>(a)(b)</sup><br>| 2250 | &nbsp;&nbsp; $2328862 |
| &nbsp;&nbsp;&nbsp; New York State Housing Finance Agency, RB, M/F <br> Housing, Series A-2, Sustainability Bonds, 3.45%, <br> 06/15/54<sup>(a)</sup><br>| 5580 | &nbsp;&nbsp; 5619710 |
| New York Transportation Development Corp., ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 01/01/30 | 2590 | &nbsp;&nbsp; 2622226 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 01/01/31 | 7595 | &nbsp;&nbsp; 7698750 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.00%, 07/01/32 | 5500 | &nbsp;&nbsp; 5324712 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.00%, 07/01/33 | 6000 | &nbsp;&nbsp; 5760831 |
| New York Transportation Development Corp., RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 4.00%, 10/01/30 | 13140 | &nbsp;&nbsp; 12887139 |
| &nbsp;&nbsp;&nbsp; AMT, 4.00%, 10/31/34 | 350 | &nbsp;&nbsp; 330967 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Refunding <br> ARB, AMT, 3.00%, 08/01/31<br>| 2775 | &nbsp;&nbsp; 2547109 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/28 | 350 | &nbsp;&nbsp; 358525 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/29 | 235 | &nbsp;&nbsp; 242574 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/30 | 250 | &nbsp;&nbsp; 257558 |
| Port Authority of New York & New Jersey, Refunding ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series 223, AMT, 5.00%, 07/15/28 | 925 | &nbsp;&nbsp; 953537 |
| &nbsp;&nbsp;&nbsp; Series 223, AMT, 5.00%, 07/15/30 | 3730 | &nbsp;&nbsp; 3919806 |
| &nbsp;&nbsp;&nbsp; Series 246, AMT, 5.00%, 09/01/30 | 10000 | &nbsp;&nbsp; 10562174 |
|  |  | &nbsp;&nbsp; 109092583 |
| **North Carolina — 2.4%** | **North Carolina — 2.4%** |  |
| City of Charlotte North Carolina, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/28 | 330 | &nbsp;&nbsp; 349185 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/29 | 350 | &nbsp;&nbsp; 376292 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/30 | 485 | &nbsp;&nbsp; 528453 |
| &nbsp;&nbsp;&nbsp; City of Raleigh North Carolina Combined Enterprise <br> System Revenue, Refunding RB, Series A, 4.00%, <br> 12/01/35<br>| 7315 | &nbsp;&nbsp; 7222811 |
| North Carolina Medical Care Commission, RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/33 | 355 | &nbsp;&nbsp; 354432 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/34 | 185 | &nbsp;&nbsp; 184192 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 10/01/27 | 600 | &nbsp;&nbsp; 599638 |
| &nbsp;&nbsp;&nbsp; North Carolina Medical Care Commission, Refunding RB, <br> 5.00%, 10/01/30<br>| 1500 | &nbsp;&nbsp; 1501265 |
| &nbsp;&nbsp;&nbsp; North Carolina Turnpike Authority, Refunding RB, CAB, <br> Series C, (SAP), 0.00%, 07/01/30<sup>(c)</sup><br>| 550 | &nbsp;&nbsp; 428356 |
| University of North Carolina at Chapel Hill, Refunding RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 3.57%, 12/01/34 | 7000 | &nbsp;&nbsp; 6998149 |
| &nbsp;&nbsp;&nbsp; Series A, 3.57%, 12/01/41 | 17845 | &nbsp;&nbsp; 17841620 |
|  |  | &nbsp;&nbsp; 36384393 |
| **Ohio — 1.1%** | **Ohio — 1.1%** |  |
| &nbsp;&nbsp;&nbsp; Allen County Port Authority, Refunding RB, Series A, <br> 4.00%, 12/01/31<br>| 460 | &nbsp;&nbsp; 440458 |
| Ohio Air Quality Development Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 3.25%, 09/01/29 | 4450 | &nbsp;&nbsp; 4317338 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/30<sup>(a)</sup> | 1650 | &nbsp;&nbsp; 1654379 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.25%, 11/01/39<sup>(a)</sup> | 1525 | &nbsp;&nbsp; 1529634 |
| &nbsp;&nbsp;&nbsp; Ohio State University, RB, Class A, Sustainability Bonds, <br> 5.00%, 12/01/30<br>| 3320 | &nbsp;&nbsp; 3629395 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Ohio (continued)** | **Ohio (continued)** |  |
| State of Ohio, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.00%, 12/31/29 | 1625 | &nbsp;&nbsp; $1628507 |
| &nbsp;&nbsp;&nbsp; AMT, (AGM), 5.00%, 12/31/30 | 4585 | &nbsp;&nbsp; 4594811 |
|  |  | &nbsp;&nbsp; 17794522 |
| **Oklahoma — 1.6%** | **Oklahoma — 1.6%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma Capitol Improvement Authority, RB, Series B, <br> 5.00%, 07/01/30<br>| 2150 | &nbsp;&nbsp; 2322906 |
| &nbsp;&nbsp;&nbsp; Tulsa Airports Improvement Trust, Refunding RB, AMT, <br> 5.00%, 06/01/35<sup>(a)</sup><br>| 21750 | &nbsp;&nbsp; 21764035 |
|  |  | &nbsp;&nbsp; 24086941 |
| **Oregon — 2.1%** | **Oregon — 2.1%** |  |
| &nbsp;&nbsp;&nbsp; Oregon Health & Science University, Refunding RB, <br> Series B, 5.00%, 07/01/35<br>| 7390 | &nbsp;&nbsp; 7468047 |
| Port of Morrow Oregon, GOL, Series A, 5.15%, 10/01/26<sup>(b)</sup> | 17000 | &nbsp;&nbsp; 17080433 |
| Port of Morrow Oregon, Refunding GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 06/01/30 | 1205 | &nbsp;&nbsp; 1200472 |
| &nbsp;&nbsp;&nbsp; Series D, 4.00%, 12/01/30 | 880 | &nbsp;&nbsp; 878031 |
| &nbsp;&nbsp;&nbsp; State of Oregon Housing & Community Services <br> Department, RB, M/F Housing, Class R, 4.00%, <br> 01/10/48<sup>(a)</sup><br>| 6000 | &nbsp;&nbsp; 6020131 |
|  |  | &nbsp;&nbsp; 32647114 |
| **Pennsylvania — 18.1%** | **Pennsylvania — 18.1%** |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Higher Education Building Authority, <br> Refunding RB, 3.34%, 02/01/33<sup>(a)</sup><br>| 5485 | &nbsp;&nbsp; 5419551 |
| &nbsp;&nbsp;&nbsp; Allegheny County Hospital Development Authority, RB, <br> Series D2, 4.32%, 11/15/47<sup>(a)</sup><br>| 5205 | &nbsp;&nbsp; 5105706 |
| &nbsp;&nbsp;&nbsp; Allegheny County Hospital Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 04/01/31 | 3075 | &nbsp;&nbsp; 3168329 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 04/01/34 | 3345 | &nbsp;&nbsp; 3425384 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 04/01/35 | 1000 | &nbsp;&nbsp; 1018665 |
| &nbsp;&nbsp;&nbsp; Allentown City School District, Refunding GOL, Series B, <br> (BAM SAW), 5.00%, 02/01/31<br>| 4000 | &nbsp;&nbsp; 4232948 |
| &nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/28 | 520 | &nbsp;&nbsp; 519790 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/32 | 9310 | &nbsp;&nbsp; 9316241 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/33 | 1900 | &nbsp;&nbsp; 1895162 |
| &nbsp;&nbsp;&nbsp; Allentown Neighborhood Improvement Zone Development <br> Authority, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/29 | 450 | &nbsp;&nbsp; 466724 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | 450 | &nbsp;&nbsp; 469300 |
| &nbsp;&nbsp;&nbsp; Chester County Health and Education Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/30 | 2180 | &nbsp;&nbsp; 2050886 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 10/01/32 | 1450 | &nbsp;&nbsp; 1486559 |
| &nbsp;&nbsp;&nbsp; Chester County Industrial Development Authority, SAB, <br> 4.38%, 03/01/28<sup>(b)</sup><br>| 96 | &nbsp;&nbsp; 95494 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia Pennsylvania Airport Revenue, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/30 | 5000 | &nbsp;&nbsp; 5428703 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.00%, 07/01/27 | 705 | &nbsp;&nbsp; 725700 |
| City of Philadelphia Pennsylvania, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; (AGM), 4.00%, 08/01/32 | 6000 | &nbsp;&nbsp; 6006101 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 08/01/30 | 4500 | &nbsp;&nbsp; 4633081 |
| &nbsp;&nbsp;&nbsp; Clarion County Industrial Development Authority, Refunding <br> RB, AMT, 2.45%, 12/01/39<sup>(a)</sup><br>| 4200 | &nbsp;&nbsp; 3886481 |
| Commonwealth Financing Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/32 | 8055 | &nbsp;&nbsp; 8293908 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/33 | 3560 | &nbsp;&nbsp; 3647732 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Pennsylvania (continued)** | **Pennsylvania (continued)** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Pennsylvania, GO, 1st Series, 5.00%, <br> 08/15/30<br>| $7500 | &nbsp;&nbsp; $8147925 |
| Commonwealth of Pennsylvania, Refunding GO |  |  |
| &nbsp;&nbsp;&nbsp; 1st Series, 4.00%, 01/01/29 | 1525 | &nbsp;&nbsp; 1536471 |
| &nbsp;&nbsp;&nbsp; Series 1, 4.00%, 01/01/30 | 7000 | &nbsp;&nbsp; 7058776 |
| Cumberland County Municipal Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/29 | 385 | &nbsp;&nbsp; 385315 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | 875 | &nbsp;&nbsp; 875710 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/32 | 1510 | &nbsp;&nbsp; 1520072 |
| &nbsp;&nbsp;&nbsp; Dauphin County General Authority, Refunding RB, Series A, <br> 4.00%, 06/01/31<br>| 2275 | &nbsp;&nbsp; 2281639 |
| &nbsp;&nbsp;&nbsp; East Hempfield Township Industrial Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/28 | 370 | &nbsp;&nbsp; 372168 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/01/30 | 135 | &nbsp;&nbsp; 135615 |
| Geisinger Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A-2, 5.00%, 02/15/32 | 4000 | &nbsp;&nbsp; 4089678 |
| &nbsp;&nbsp;&nbsp; Series A-2, 5.00%, 02/15/34 | 1750 | &nbsp;&nbsp; 1781395 |
| &nbsp;&nbsp;&nbsp; Lancaster County Hospital Authority, Refunding RB, 3.00%, <br> 08/15/30<br>| 2535 | &nbsp;&nbsp; 2455884 |
| Lancaster Municipal Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/01/29 | 190 | &nbsp;&nbsp; 198239 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 05/01/30 | 195 | &nbsp;&nbsp; 204824 |
| &nbsp;&nbsp;&nbsp; Latrobe Industrial Development Authority, Refunding RB, <br> 5.00%, 03/01/30<br>| 150 | &nbsp;&nbsp; 152985 |
| &nbsp;&nbsp;&nbsp; Lehigh County Industrial Development Authority, Refunding <br> RB, Series A, 3.00%, 09/01/29<br>| 13500 | &nbsp;&nbsp; 13278872 |
| &nbsp;&nbsp;&nbsp; Montgomery County Higher Education and Health Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/35 | 1735 | &nbsp;&nbsp; 1669744 |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/36 | 1500 | &nbsp;&nbsp; 1429237 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/01/31 | 1750 | &nbsp;&nbsp; 1813371 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 09/01/32 | 1315 | &nbsp;&nbsp; 1359483 |
| &nbsp;&nbsp;&nbsp; Montgomery County Industrial Development Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/30 | 2000 | &nbsp;&nbsp; 1999965 |
| &nbsp;&nbsp;&nbsp; Series A, 4.10%, 04/01/53<sup>(a)</sup> | 5000 | &nbsp;&nbsp; 5033615 |
| &nbsp;&nbsp;&nbsp; Northampton County General Purpose Authority, Refunding <br> RB, 5.00%, 11/01/34<br>| 5400 | &nbsp;&nbsp; 5566478 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing Authority, <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/31/29 | 5000 | &nbsp;&nbsp; 5029449 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/31/30 | 13100 | &nbsp;&nbsp; 13211381 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/31/34 | 16500 | &nbsp;&nbsp; 16587911 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 04/15/30 | 2500 | &nbsp;&nbsp; 2651205 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 05/15/31 | 5715 | &nbsp;&nbsp; 6096531 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/31/29 | 3750 | &nbsp;&nbsp; 3869415 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 06/30/30 | 3500 | &nbsp;&nbsp; 3617934 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/31 | 4500 | &nbsp;&nbsp; 4563520 |
| &nbsp;&nbsp;&nbsp; 5.00%, 03/15/60<sup>(a)</sup> | 3500 | &nbsp;&nbsp; 3688018 |
| Pennsylvania Higher Educational Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series AT-1, 5.00%, 06/15/26<sup>(f)</sup> | 100 | &nbsp;&nbsp; 101979 |
| &nbsp;&nbsp;&nbsp; Series AT-1, 5.00%, 06/15/30 | 6625 | &nbsp;&nbsp; 6727385 |
| &nbsp;&nbsp;&nbsp; Series AT-1, 5.00%, 06/15/30<sup>(g)</sup> | 1185 | &nbsp;&nbsp; 1206294 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Educational Facilities Authority, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/30 | 425 | &nbsp;&nbsp; 430879 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/31 | 1275 | &nbsp;&nbsp; 1292092 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/32 | 1750 | &nbsp;&nbsp; 1772706 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/33 | 3320 | &nbsp;&nbsp; 3339243 |
| &nbsp;&nbsp;&nbsp; 5.00%, 05/01/35 | 1000 | &nbsp;&nbsp; 1003431 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Pennsylvania (continued)** | **Pennsylvania (continued)** |  |
| Pennsylvania Housing Finance Agency, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; Series 137, Sustainability Bonds, 1.90%, 04/01/30 | 1625 | &nbsp;&nbsp; $1468832 |
| &nbsp;&nbsp;&nbsp; Series 137, Sustainability Bonds, 1.95%, 10/01/30 | 875 | &nbsp;&nbsp; 782912 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Housing Finance Agency, Refunding RB, <br> Series 125A, AMT, 3.40%, 10/01/32<br>| 8890 | &nbsp;&nbsp; 8328891 |
| Pennsylvania Turnpike Commission, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/29 | 800 | &nbsp;&nbsp; 859193 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/30 | 620 | &nbsp;&nbsp; 673634 |
| &nbsp;&nbsp;&nbsp; Sub-Series B-1, 5.00%, 06/01/31 | 3000 | &nbsp;&nbsp; 3092062 |
| &nbsp;&nbsp;&nbsp; Sub-Series B-1, 5.00%, 06/01/32 | 4075 | &nbsp;&nbsp; 4191842 |
| Pennsylvania Turnpike Commission, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 2nd Sub Series, 5.00%, 12/01/32 | 1000 | &nbsp;&nbsp; 1036063 |
| &nbsp;&nbsp;&nbsp; 2nd Sub Series, 5.00%, 12/01/33 | 1815 | &nbsp;&nbsp; 1874625 |
| &nbsp;&nbsp;&nbsp; 2nd Sub Series, 5.00%, 12/01/34 | 1500 | &nbsp;&nbsp; 1549308 |
| &nbsp;&nbsp;&nbsp; 2nd Sub Series, 5.00%, 12/01/35 | 2005 | &nbsp;&nbsp; 2057250 |
| &nbsp;&nbsp;&nbsp; Philadelphia Authority for Industrial Development, RB, <br> 4.00%, 06/15/29<br>| 260 | &nbsp;&nbsp; 253208 |
| &nbsp;&nbsp;&nbsp; Philadelphia Gas Works Co., RB, Series A, (AGM), 5.00%, <br> 08/01/30<br>| 800 | &nbsp;&nbsp; 862506 |
| &nbsp;&nbsp;&nbsp; Philadelphia Gas Works Co., Refunding RB, Series 14-T, <br> 5.00%, 10/01/30<br>| 425 | &nbsp;&nbsp; 432202 |
| &nbsp;&nbsp;&nbsp; Pittsburgh Water & Sewer Authority, RB, Series B, (AGM), <br> 5.00%, 09/01/30<br>| 205 | &nbsp;&nbsp; 222458 |
| School District of Philadelphia, GOL |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (SAW), 5.00%, 09/01/25 | 1300 | &nbsp;&nbsp; 1307971 |
| &nbsp;&nbsp;&nbsp; Series A, (SAW), 5.00%, 09/01/26 | 3250 | &nbsp;&nbsp; 3333267 |
| &nbsp;&nbsp;&nbsp; Series A, (SAW), 5.00%, 09/01/27 | 2675 | &nbsp;&nbsp; 2790565 |
| &nbsp;&nbsp;&nbsp; Series A, (SAW), 5.00%, 09/01/28 | 1630 | &nbsp;&nbsp; 1726764 |
| &nbsp;&nbsp;&nbsp; Southeastern Pennsylvania Transportation Authority, RB, <br> 5.00%, 06/01/30<br>| 5000 | &nbsp;&nbsp; 5351529 |
| Wayne County Hospital & Health Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 5.00%, 07/01/31 | 460 | &nbsp;&nbsp; 471330 |
| &nbsp;&nbsp;&nbsp; Series A, (GTD), 4.00%, 07/01/33 | 440 | &nbsp;&nbsp; 430710 |
| West Cornwall Township Municipal Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/27 | 130 | &nbsp;&nbsp; 130815 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/28 | 105 | &nbsp;&nbsp; 105832 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/29 | 140 | &nbsp;&nbsp; 138899 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/30 | 190 | &nbsp;&nbsp; 190403 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 11/15/31 | 200 | &nbsp;&nbsp; 199562 |
| Westmoreland County Municipal Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; (BAM), 5.00%, 08/15/27 | 1500 | &nbsp;&nbsp; 1506289 |
| &nbsp;&nbsp;&nbsp; (BAM), 5.00%, 08/15/31 | 5000 | &nbsp;&nbsp; 5140563 |
| &nbsp;&nbsp;&nbsp; (BAM), 5.00%, 08/15/32 | 17945 | &nbsp;&nbsp; 18439729 |
|  |  | &nbsp;&nbsp; 278778493 |
| **Puerto Rico — 3.1%** | **Puerto Rico — 3.1%** |  |
| &nbsp;&nbsp;&nbsp; Commonwealth of Puerto Rico, GO, Series A-1, <br> Restructured, 5.63%, 07/01/29<br>| 1533 | &nbsp;&nbsp; 1581090 |
| &nbsp;&nbsp;&nbsp; Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, <br> RB, CAB<sup>(c)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 0.00%, 07/01/29 | 14055 | &nbsp;&nbsp; 11750862 |
| &nbsp;&nbsp;&nbsp; Series A-1, Restructured, 0.00%, 07/01/31 | 33523 | &nbsp;&nbsp; 25570321 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 0.00%, 07/01/31 | 5755 | &nbsp;&nbsp; 4382153 |
| &nbsp;&nbsp;&nbsp; Series B-1, Restructured, 0.00%, 07/01/33 | 6477 | &nbsp;&nbsp; 4428872 |
|  |  | &nbsp;&nbsp; 47713298 |
| **Rhode Island — 1.1%** | **Rhode Island — 1.1%** |  |
| &nbsp;&nbsp;&nbsp; Rhode Island Health and Educational Building Corp., <br> Refunding RB, 5.00%, 05/15/30<br>| 1500 | &nbsp;&nbsp; 1514419 |
| Rhode Island Student Loan Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/29 | 1950 | &nbsp;&nbsp; 2018131 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 12/01/30 | 1300 | &nbsp;&nbsp; 1346627 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Rhode Island (continued)** | **Rhode Island (continued)** |  |
| Tobacco Settlement Financing Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/28 | 2750 | &nbsp;&nbsp; $2751580 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/29 | 4500 | &nbsp;&nbsp; 4502640 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/30 | 4215 | &nbsp;&nbsp; 4217524 |
|  |  | &nbsp;&nbsp; 16350921 |
| **South Carolina — 1.2%** | **South Carolina — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; County of Charleston South Carolina, GO, Series A, (SAW), <br> 4.00%, 11/01/30<br>| 4885 | &nbsp;&nbsp; 4917567 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> Refunding RB, Series A, 5.00%, 05/01/35<br>| 10000 | &nbsp;&nbsp; 10209974 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Refunding RB, <br> Series A, 5.00%, 12/01/31<br>| 2800 | &nbsp;&nbsp; 3022435 |
|  |  | &nbsp;&nbsp; 18149976 |
| **Tennessee — 1.6%** | **Tennessee — 1.6%** |  |
| &nbsp;&nbsp;&nbsp; Chattanooga Health Educational & Housing Facility Board, <br> Refunding RB, Series A, 4.00%, 08/01/36<br>| 2000 | &nbsp;&nbsp; 1913129 |
| &nbsp;&nbsp;&nbsp; Metropolitan Government Nashville & Davidson County <br> Health & Educational cilities Board, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 07/01/29 | 10000 | &nbsp;&nbsp; 10564986 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/31 | 1300 | &nbsp;&nbsp; 1314781 |
| Tennergy Corp., RB, Series A, 4.00%, 12/01/51<sup>(a)</sup> | 6000 | &nbsp;&nbsp; 5976655 |
| &nbsp;&nbsp;&nbsp; Tennessee Energy Acquisition Corp., RB, Series A, 5.00%, <br> 05/01/52<sup>(a)</sup><br>| 5000 | &nbsp;&nbsp; 5203250 |
|  |  | &nbsp;&nbsp; 24972801 |
| **Texas — 11.7%** | **Texas — 11.7%** |  |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Airport System Revenue, ARB, AMT, <br> 5.00%, 11/15/30<br>| 2000 | &nbsp;&nbsp; 2095628 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System Revenue, <br> Refunding RB, Series C, 5.00%, 11/15/30<br>| 900 | &nbsp;&nbsp; 978518 |
| City of Houston Texas Airport System Revenue, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series B-1, AMT, 5.00%, 07/15/30 | 1900 | &nbsp;&nbsp; 1885938 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.00%, 07/15/28 | 3000 | &nbsp;&nbsp; 3003625 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Sub-Series D, 5.00%, 07/01/33 | 7000 | &nbsp;&nbsp; 7300092 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 07/01/29 | 14000 | &nbsp;&nbsp; 14005132 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.00%, 07/15/27 | 5150 | &nbsp;&nbsp; 5163567 |
| &nbsp;&nbsp;&nbsp; Sub-Series A, AMT, 5.00%, 07/01/30 | 1200 | &nbsp;&nbsp; 1256824 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Combined Utility System Revenue, <br> Refunding RB, Series B, 1st Lien, Subordinate, 5.00%, <br> 11/15/34<br>| 7315 | &nbsp;&nbsp; 7443397 |
| Clifton Higher Education Finance Corp., Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (PSF), 4.00%, 08/15/31 | 1250 | &nbsp;&nbsp; 1250712 |
| &nbsp;&nbsp;&nbsp; Series A, 3.95%, 12/01/32 | 1495 | &nbsp;&nbsp; 1397261 |
| County of Nueces Texas, Refunding GOL |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/33 | 1165 | &nbsp;&nbsp; 1176550 |
| &nbsp;&nbsp;&nbsp; 4.00%, 02/15/35 | 725 | &nbsp;&nbsp; 730501 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport, Refunding RB, <br> 5.00%, 11/01/32<br>| 2500 | &nbsp;&nbsp; 2688882 |
| &nbsp;&nbsp;&nbsp; DeSoto Independent School District, Refunding GO, (PSF), <br> 5.00%, 08/15/30<br>| 3980 | &nbsp;&nbsp; 4264371 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp., <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/01/38 | 2275 | &nbsp;&nbsp; 2291976 |
| &nbsp;&nbsp;&nbsp; Series B, 5.75%, 01/01/28 | 460 | &nbsp;&nbsp; 460439 |
| &nbsp;&nbsp;&nbsp; Series B, 6.38%, 01/01/33 | 40 | &nbsp;&nbsp; 40047 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance Corp., <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/28 | 950 | &nbsp;&nbsp; 943878 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/33 | 600 | &nbsp;&nbsp; 600056 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/33 | 3000 | &nbsp;&nbsp; 2883031 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; Love Field Airport Modernization Corp., ARB, AMT, 5.00%, <br> 11/01/26<br>| 430 | &nbsp;&nbsp; $438829 |
| Matagorda County Navigation District No. 1, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, (AMBAC), 4.40%, 05/01/30 | 14885 | &nbsp;&nbsp; 15013168 |
| &nbsp;&nbsp;&nbsp; Series B, (AMBAC), 4.55%, 05/01/30 | 12055 | &nbsp;&nbsp; 12255160 |
| &nbsp;&nbsp;&nbsp; Series B-2, 4.00%, 06/01/30 | 12995 | &nbsp;&nbsp; 12968230 |
| &nbsp;&nbsp;&nbsp; AMT, 4.25%, 05/01/30 | 6855 | &nbsp;&nbsp; 6882010 |
| &nbsp;&nbsp;&nbsp; Midland County Fresh Water Supply District No. 1, RB, <br> CAB, Series A, 0.00%, 09/15/27<sup>(c)(f)</sup><br>| 20370 | &nbsp;&nbsp; 15098660 |
| &nbsp;&nbsp;&nbsp; New Hope Cultural Education Facilities Finance Corp., RB, <br> Series A, 4.00%, 08/15/29<sup>(b)</sup><br>| 325 | &nbsp;&nbsp; 314593 |
| &nbsp;&nbsp;&nbsp; Port Authority of Houston of Harris County Texas, ARB, 1st <br> Lien, 5.00%, 10/01/30<br>| 2000 | &nbsp;&nbsp; 2173337 |
| &nbsp;&nbsp;&nbsp; Socorro Independent School District, Refunding GO, <br> Series B, (PSF), 4.00%, 08/15/34<br>| 3000 | &nbsp;&nbsp; 3010685 |
| &nbsp;&nbsp;&nbsp; Spring Branch Independent School District, GO, (PSF), <br> 3.00%, 02/01/33<br>| 5000 | &nbsp;&nbsp; 4658061 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance Corp., <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Class F, 5.00%, 11/15/52<sup>(a)</sup> | 3585 | &nbsp;&nbsp; 3809881 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/35 | 9435 | &nbsp;&nbsp; 9721985 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp. III, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/30 | 16435 | &nbsp;&nbsp; 17093882 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/32 | 5000 | &nbsp;&nbsp; 5209561 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp. V, RB, <br> 5.00%, 01/01/55<sup>(a)</sup><br>| 8100 | &nbsp;&nbsp; 8461927 |
| &nbsp;&nbsp;&nbsp; Texas Public Finance Authority, Refunding RB, 4.00%, <br> 12/01/31<br>| 1650 | &nbsp;&nbsp; 1651313 |
|  |  | &nbsp;&nbsp; 180621707 |
| **Utah — 0.4%** | **Utah — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; City of Salt Lake City Utah Airport Revenue, ARB, Series A, <br> AMT, 5.00%, 07/01/30<br>| 6475 | &nbsp;&nbsp; 6818732 |
| **Virginia — 0.4%** | **Virginia — 0.4%** |  |
| &nbsp;&nbsp;&nbsp; Hanover County Economic Development Authority, <br> Refunding RB, 4.00%, 07/01/30<sup>(b)</sup><br>| 1000 | &nbsp;&nbsp; 976896 |
| &nbsp;&nbsp;&nbsp; Virginia Commonwealth Transportation Board, RB, 5.00%, <br> 09/15/30<br>| 5000 | &nbsp;&nbsp; 5100523 |
|  |  | &nbsp;&nbsp; 6077419 |
| **Washington — 2.7%** | **Washington — 2.7%** |  |
| &nbsp;&nbsp;&nbsp; County of King Washington Sewer Revenue, Refunding <br> RB, Series A, Junior Lien, 3.85%, 01/01/40<sup>(a)</sup><br>| 4050 | &nbsp;&nbsp; 3977583 |
| Port of Seattle Washington, ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, AMT, Intermediate Lien, 5.00%, 05/01/33 | 6695 | &nbsp;&nbsp; 6804016 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, Intermediate Lien, 5.00%, 05/01/34 | 6000 | &nbsp;&nbsp; 6043905 |
| Port of Seattle Washington, Refunding ARB |  |  |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.00%, 08/01/29 | 1000 | &nbsp;&nbsp; 1047792 |
| &nbsp;&nbsp;&nbsp; Series C, AMT, 5.00%, 08/01/30 | 1000 | &nbsp;&nbsp; 1052793 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, Intermediate Lien, 5.00%, 07/01/30 | 3000 | &nbsp;&nbsp; 3156368 |
| &nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority, Refunding RB, <br> Series B, 5.00%, 08/15/35<br>| 9485 | &nbsp;&nbsp; 9643210 |
| &nbsp;&nbsp;&nbsp; Washington State Convention Center Public Facilities <br> District, RB, Sustainability Bonds, 4.00%, 07/01/31<br>| 4240 | &nbsp;&nbsp; 4221918 |
| &nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/25 | 350 | &nbsp;&nbsp; 350580 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Washington (continued)** | **Washington (continued)** |  |
| &nbsp;&nbsp;&nbsp; Washington State Housing Finance Commission, <br> Refunding RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/26 | 285 | &nbsp;&nbsp; $288891 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/27 | 350 | &nbsp;&nbsp; 358343 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/28 | 550 | &nbsp;&nbsp; 567985 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/29 | 775 | &nbsp;&nbsp; 806627 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 07/01/30 | 815 | &nbsp;&nbsp; 851556 |
| WBRP 3.2, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/31 | 1000 | &nbsp;&nbsp; 1002842 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 01/01/32 | 1140 | &nbsp;&nbsp; 1142759 |
|  |  | &nbsp;&nbsp; 41317168 |
| **West Virginia — 0.2%** | **West Virginia — 0.2%** |  |
| West Virginia Hospital Finance Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/31 | 1950 | &nbsp;&nbsp; 2000785 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/33 | 1100 | &nbsp;&nbsp; 1123180 |
|  |  | &nbsp;&nbsp; 3123965 |
| **Wisconsin — 2.9%** | **Wisconsin — 2.9%** |  |
| Public Finance Authority, RB<sup>(b)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 06/15/30 | 1520 | &nbsp;&nbsp; 1446496 |
| &nbsp;&nbsp;&nbsp; 5.00%, 07/15/30 | 3700 | &nbsp;&nbsp; 3733509 |
| &nbsp;&nbsp;&nbsp; 5.00%, 01/01/31 | 650 | &nbsp;&nbsp; 638047 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 07/15/29 | 485 | &nbsp;&nbsp; 473555 |
| &nbsp;&nbsp;&nbsp; Series A, 4.00%, 03/01/30 | 970 | &nbsp;&nbsp; 946598 |
| &nbsp;&nbsp;&nbsp; Series A, 3.75%, 06/01/30 | 345 | &nbsp;&nbsp; 326371 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/31 | 695 | &nbsp;&nbsp; 680304 |
| Public Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/30 | 240 | &nbsp;&nbsp; 253207 |
| &nbsp;&nbsp;&nbsp; Class A, 3.00%, 12/01/26<sup>(b)</sup> | 250 | &nbsp;&nbsp; 247303 |
| &nbsp;&nbsp;&nbsp; Class C, 4.00%, 10/01/30<sup>(a)(f)</sup> | 2770 | &nbsp;&nbsp; 2886368 |
| &nbsp;&nbsp;&nbsp; Class C, 4.00%, 10/01/41<sup>(a)</sup> | 4230 | &nbsp;&nbsp; 4250883 |
| &nbsp;&nbsp;&nbsp; AMT, 2.63%, 11/01/25 | 3000 | &nbsp;&nbsp; 2980490 |
| &nbsp;&nbsp;&nbsp; Class B, AMT, 4.00%, 10/01/46<sup>(a)</sup> | 1750 | &nbsp;&nbsp; 1777411 |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.25%, 07/01/28 | 1290 | &nbsp;&nbsp; 1290034 |
| &nbsp;&nbsp;&nbsp; Waunakee Community School District, RB, 3.63%, <br> 04/01/30<br>| 11820 | &nbsp;&nbsp; 11692310 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, RB, <br> Series B-2, 4.20%, 08/15/28<br>| 1350 | &nbsp;&nbsp; 1350082 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, <br> Refunding RB, 5.00%, 04/01/35<br>| 2500 | &nbsp;&nbsp; 2604249 |
| &nbsp;&nbsp;&nbsp; Wisconsin Housing & Economic Development Authority <br> Home Ownership Revenue, RB, S/F Housing, Series D, <br> (FHLMC), 3.00%, 09/01/32<br>| 7265 | &nbsp;&nbsp; 6547951 |
|  |  | &nbsp;&nbsp; 44125168 |
| **Total Municipal Bonds — 145.0%** <br>**(Cost: $2,274,470,093)** | **Total Municipal Bonds — 145.0%** <br>**(Cost: $2,274,470,093)** | &nbsp;&nbsp; 2227485766 |
| **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(h)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(h)</sup> | **Municipal Bonds Transferred to Tender Option Bond Trusts**<sup>(h)</sup> |
| **Colorado — 0.7%** | **Colorado — 0.7%** |  |
| &nbsp;&nbsp;&nbsp; City & County of Denver Colorado Airport System Revenue, <br> Refunding ARB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 11/15/31<sup>(i)</sup> | 8085 | &nbsp;&nbsp; 7853471 |
| &nbsp;&nbsp;&nbsp; Series A, 4.25%, 11/15/32 | 2230 | &nbsp;&nbsp; 2166267 |
|  |  | &nbsp;&nbsp; 10019738 |

---

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**(Percentages shown are based on Net Assets)**

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Florida — 6.1%** | **Florida — 6.1%** |  |
| County of Broward Florida Airport System Revenue, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series Q-1, 4.00%, 10/01/29<sup>(i)</sup> | $17200 | &nbsp;&nbsp; $17145406 |
| &nbsp;&nbsp;&nbsp; Series Q-1, 4.00%, 10/01/30 | 18095 | &nbsp;&nbsp; 18037594 |
| &nbsp;&nbsp;&nbsp; Series Q-1, 4.00%, 10/01/31 | 18820 | &nbsp;&nbsp; 18760286 |
| &nbsp;&nbsp;&nbsp; Series Q-1, 4.00%, 10/01/32 | 19575 | &nbsp;&nbsp; 19512884 |
| &nbsp;&nbsp;&nbsp; Series Q-1, 4.00%, 10/01/33 | 20355 | &nbsp;&nbsp; 20290418 |
|  |  | &nbsp;&nbsp; 93746588 |
| **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 6.8%** <br>**(Cost: $104,359,983)** | **Total Municipal Bonds Transferred to Tender Option Bond** <br>**Trusts — 6.8%** <br>**(Cost: $104,359,983)** | &nbsp;&nbsp; 103766326 |
| **Total Investments — 151.8%** <br>**(Cost: $2,378,830,076)** | **Total Investments — 151.8%** <br>**(Cost: $2,378,830,076)** | &nbsp;&nbsp; 2331252092 |
| **Other Assets Less Liabilities — 1.5%** | **Other Assets Less Liabilities — 1.5%** | &nbsp;&nbsp; 24667839 |
| **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (4.5)%** | **Liability for TOB Trust Certificates, Including Interest Expense and** <br> **Fees Payable — (4.5)%** | &nbsp;&nbsp; (69859276)<br>|
| **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(48.8)%** | **VRDP Shares at Liquidation Value, Net of Deferred Offering Costs —** <br> **(48.8)%** | &nbsp;&nbsp; (749903789)<br>|
| **Net Assets Applicable to Common Shares — 100.0%** | **Net Assets Applicable to Common Shares — 100.0%** | &nbsp;&nbsp; $1536156866 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. 

<sup>(b)</sup> Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. 

<sup>(c)</sup> Zero-coupon bond.

<sup>(d)</sup> Issuer filed for bankruptcy and/or is in default.

<sup>(e)</sup> Non-income producing security.

<sup>(f)</sup> U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par. 

<sup>(g)</sup> Security is collateralized by municipal bonds or U.S. Treasury obligations.

<sup>(h)</sup> Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing. 

<sup>(i)</sup> All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreements, which expire between October 1, 2029 to November 15, 2032, is $71,728,412. 

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Trust during the period ended April 30, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*07/31/24*<br>| *Purchases* <br>*at Cost*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*04/30/25*<br>| *Shares* <br>*Held at* <br>*04/30/25*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| BlackRock Liquidity Funds, MuniCash, Institutional Shares<sup>(a)</sup> | &nbsp;&nbsp; $35247372 | $—<br> $(35247372 )<sup>(b)</sup><br>| &nbsp;&nbsp; $— | $— | $— |  | $942747 | $— |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> As of period end, the entity is no longer held.

<sup>(b)</sup> Represents net amount purchased (sold).

**Fair Value Hierarchy as of Period End**

Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted price quotations in active markets/exchanges that the Trust has the ability to access for identical assets or liabilities;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee's assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust's policy regarding valuation of financial instruments, refer to its most recent financial statements.

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

April 30, 2025

**BlackRock Municipal 2030 Target Term Trust (BTT)** 

**Fair Value Hierarchy as of Period End (continued)**

The following table summarizes the Trust's financial instruments categorized in the fair value hierarchy. The breakdown of the Trust's financial instruments into major categories is disclosed in the Schedule of Investments above.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Assets |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Long-Term Investments  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2227485766 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2227485766 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Municipal Bonds Transferred to Tender Option Bond Trusts | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 103766326 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 103766326 |
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2331252092 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2331252092 |

---

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of period end, such assets and/or liabilities are categorized within the fair value hierarchy as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | *Level 1* | *Level 2* | *Level 3* | *Total* |
| Liabilities |  |  |  |  |
| &nbsp;&nbsp;&nbsp; TOB Trust Certificates | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(69569982)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(69569982)<br>|
| &nbsp;&nbsp;&nbsp; VRDP Shares at Liquidation Value | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (750000000)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (750000000)<br>|
|  | &nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(819569982)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $(819569982)<br>|

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AMBAC | AMBAC Assurance Corp. |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |
| BAM | Build America Mutual Assurance Co. |
| CAB | Capital Appreciation Bonds |
| COP | Certificates of Participation |
| FHLMC | Federal Home Loan Mortgage Corp. |
| FNMA | Federal National Mortgage Association |
| GNMA | Government National Mortgage Association |
| GO | General Obligation Bonds |
| GOL | General Obligation Ltd. |
| GTD | GTD Guaranteed |
| M/F | Multi-Family |
| NPFGC | National Public Finance Guarantee Corp. |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |
| S/F | Single-Family |
| SAB | Special Assessment Bonds |
| SAP | Subject to Appropriations |
| SAW | State Aid Withholding |
| ST | Special Tax |
| TA | Tax Allocation |

---

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Municipal 2030 Target Term Trust

- **b. Investment Company Act file number:** 811-22603

- **c. CIK number of Registrant:** 0001528437

- **d. LEI of Registrant:** 549300TDIJ2J8F6X3N04

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 800-441-7762

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

- **a. Name of Series:** BlackRock Municipal 2030 Target Term Trust

- **c. LEI of Series:** 549300TDIJ2J8F6X3N04

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

- **a. Date of fiscal year-end:** 2025-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2363605870.88

**Total Liabilities:** $826322745.27

**Net Assets:** $1537283125.61

**Cash Not Reported:** $253983.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 21608.85000000 | **1-Year:** 119096.09000000 | **5-Year:** 497728.07000000 | **10-Year:** 57555.65000000 | **30-Year:** 4874.80000000

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

- **3-Month:** 975.48000000 | **1-Year:** 9702.47000000 | **5-Year:** 58445.23000000 | **10-Year:** 3757.82000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.09%                | -0.90%               | -0.91%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-67091.04               | $13403648.31                               |
| Month 2  | $1373589.80              | $-19495305.00                              |
| Month 3  | $-253302.16              | $-18957571.12                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| City of Long Beach CA Harbor Revenue                                             | LONG BEACH CA HARBOR REVENUE                                 | CUSIP: 542424UY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1677021.59   | 0.11%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QPP2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1468831.54   | 0.10%             | 2030-04-01      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                        | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528CY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14885000 | PA      | $15013167.74  | 0.98%             | 2030-05-01      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT HOTEL OCCUPANCY TAX REVENUE                        | CUSIP: 40065KAT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $521512.30    | 0.03%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145BP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1495000 | PA      | $1397261.21   | 0.09%             | 2032-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EKS5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3707554.50   | 0.24%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204ENP9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   3205000 | PA      | $3262984.73   | 0.21%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534T2P9<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1284626.99   | 0.08%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933H1<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    665000 | PA      | $685483.99    | 0.04%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BB4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1895162.30   | 0.12%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 7353892B3<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3156367.71   | 0.21%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                    | POWAY CA UNIF SCH DIST                                       | CUSIP: 738850QQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12500000 | PA      | $9508015.63   | 0.62%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080TF8<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    395000 | PA      | $389289.78    | 0.03%             | 2032-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471AUL4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1200387.48   | 0.08%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Fountation/The                              | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726DU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17435000 | PA      | $13623790.07  | 0.89%             | 2032-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAB8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1515134.93   | 0.10%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461363N9<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  11600000 | PA      | $11748520.60  | 0.76%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 5                                      | VLG FL CDD #5 SPL ASSMNT REVENUE                             | CUSIP: 92707SBB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1860000 | PA      | $1796052.14   | 0.12%             | 2034-05-01      | Fixed         | 4.00%                 | 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        |   8650000 | PA      | $8642774.91   | 0.56%             | 2052-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883ZL9<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1307971.26   | 0.09%             | 2025-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A3U8<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3425384.43   | 0.22%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $179477.38    | 0.01%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Township Health Care District                                         | WASHINGTON TWP CA HLTH CARE DIST REVENUE                     | CUSIP: 940204ER7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $719906.27    | 0.05%             | 2028-07-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399DP8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2225000 | PA      | $2050406.12   | 0.13%             | 2031-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218M75<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3165000 | PA      | $3196150.63   | 0.21%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Region Development Authority                                             | CAPITAL REGION DEV AUTH                                      | CUSIP: 14044WAN8<br>LEI: 5493005AW0WUFPOYTH81 | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1177803.47   | 0.08%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Clifton Higher Education Finance Corp                                            | CLIFTON TX HGR EDU FIN CORP EDU REVENUE                      | CUSIP: 187145ES2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1250712.01   | 0.08%             | 2031-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV    | CUSIP: 20282EAN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8055000 | PA      | $8293908.48   | 0.54%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5150000 | PA      | $5163566.90   | 0.34%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Raleigh NC Combined Enterprise System Revenue                            | RALEIGH NC COMB ENTERPRISE SYS REVENUE                       | CUSIP: 751100KB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7315000 | PA      | $7222810.74   | 0.47%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SXN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1292092.05   | 0.08%             | 2031-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH COOPERATIVE DIST AL ENERGY SUPPLY REVE | CUSIP: 84136HBC6<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1230000 | PA      | $1260029.86   | 0.08%             | 2056-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Upper Illinois River Valley Development Authority                                | UPPER IL RIVER VLY DEV AUTH                                  | CUSIP: 91588XAF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $244634.87    | 0.02%             | 2031-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080TJ0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    160000 | PA      | $152900.67    | 0.01%             | 2035-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Alabama Economic Settlement Authority                                            | ALABAMA ECON SETTLEMENT AUTH BP SETTLEMENT REVENUE           | CUSIP: 01026CAB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4974964.15   | 0.32%             | 2033-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Orange Beach Water Sewer & Fire Protection Authority                             | ORANGE BEACH AL WTR SWR & FIREFIRE PROTN AUTH WTR REV        | CUSIP: 68407MAR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    510000 | PA      | $521962.39    | 0.03%             | 2030-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDX7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  15000000 | PA      | $14840066.55  | 0.97%             | 2052-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682YZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2656812.28   | 0.17%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elkhorn School District                                                          | DOUGLAS CNTY NE SCH DIST #10                                 | CUSIP: 259309M74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $379846.06    | 0.02%             | 2033-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933F5<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    580000 | PA      | $594793.34    | 0.04%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218M67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3010000 | PA      | $3043213.30   | 0.20%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | CUSIP: 56681NEL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    855000 | PA      | $843962.15    | 0.05%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262074T8<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1330756.00   | 0.09%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                          | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 837151WT2<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3022435.42   | 0.20%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEE8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  20190000 | PA      | $20806368.60  | 1.35%             | 2052-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Lee County Industrial Development Authority/FL                                   | LEE CNTY FL INDL DEV AUTH HLTHCR FACS REVENUE                | CUSIP: 52349EET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3415000 | PA      | $3406083.67   | 0.22%             | 2029-11-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AL54<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2875000 | PA      | $2856675.90   | 0.19%             | 2032-11-01      | Floating      | 3.72%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742183Z4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1027606.28   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH ENVRNMNTL REVENUE                        | CUSIP: 455054BE5<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   3665000 | PA      | $3682007.18   | 0.24%             | 2026-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                               | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1524733.32   | 0.10%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                         | MAINE ST TURNPIKE AUTH                                       | CUSIP: 560551QL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $321881.54    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399KV7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $485453.61    | 0.03%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                  | DEKALB CNTY GA HSG AUTH MF HSG                               | CUSIP: 240471PH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1460000 | PA      | $1418603.44   | 0.09%             | 2034-12-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ADZ2<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2010000 | PA      | $1984316.04   | 0.13%             | 2033-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080XQ9<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1960482.23   | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1781394.58   | 0.12%             | 2034-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Ports Authority                                                          | GEORGIA ST PORTS AUTH                                        | CUSIP: 373586GC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1273323.51   | 0.08%             | 2030-07-01      | 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        |   2500000 | PA      | $2651204.50   | 0.17%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058THE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $991908.80    | 0.06%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH GAS SPLY REVENUE                        | CUSIP: 45202WAG5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  12850000 | PA      | $12551481.01  | 0.82%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | DELAWARE ST ECON DEV AUTH REVENUE                            | CUSIP: 246387SV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6035000 | PA      | $5914926.67   | 0.38%             | 2045-10-01      | Floating      | 1.25%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218L92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2865000 | PA      | $2898137.48   | 0.19%             | 2031-01-01      | 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: 414009HH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     40000 | PA      | $40047.00     | 0.00%             | 2033-01-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFJ2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1329282.72   | 0.09%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WV5<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1529633.68   | 0.10%             | 2039-11-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Hanover County Economic Development Authority                                    | HANOVER CNTY VA ECON DEV AUTHRSDL CARE FAC REVENUE           | CUSIP: 41077CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $976895.52    | 0.06%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DBK7<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8283516.24   | 0.54%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Authority for Industrial Development                                | PHILADELPHIA PA AUTH FOR INDL DEV REVENUES                   | CUSIP: 71781XFY4<br>LEI: 549300DIY68KQZEW7M79 | Long             | DBT              | MUN               | US        |    260000 | PA      | $253207.77    | 0.02%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13100000 | PA      | $13211380.79  | 0.86%             | 2030-12-31      | 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: 645790FJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11245000 | PA      | $11456418.59  | 0.75%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                               | CUSIP: 956622M92<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1123179.88   | 0.07%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZV4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1549308.02   | 0.10%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AK2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5760831.30   | 0.37%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A5V4<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   5205000 | PA      | $5105706.24   | 0.33%             | 2047-11-15      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HP48<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2075000 | PA      | $2075753.25   | 0.14%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                            | NEW YORK ST HSG FIN AGY ST PERSONAL INCOME TAX REVENUE       | CUSIP: 649870NF5<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   5580000 | PA      | $5619709.46   | 0.37%             | 2054-06-15      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                               | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2011306.92   | 0.13%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH LESE REVENUE                     | CUSIP: 74446LAA8<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    345000 | PA      | $326371.10    | 0.02%             | 2030-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HP55<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2125713.83   | 0.14%             | 2033-11-15      | 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        |   1650000 | PA      | $1654379.41   | 0.11%             | 2030-09-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Oklahoma Capitol Improvement Authority                                           | OKLAHOMA ST CAPITOL IMPT AUTH ST HIGHWAY CAP IMPT REVENUE    | CUSIP: 678514CU2<br>LEI: 549300LYHYBINTZ5AY71 | Long             | DBT              | MUN               | US        |   2150000 | PA      | $2322905.95   | 0.15%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389P69<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1052793.35   | 0.07%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262075P5<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2106505.74   | 0.14%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                          | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BN2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |   3095000 | PA      | $3273153.31   | 0.21%             | 2054-07-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDD5<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   2485000 | PA      | $2674634.45   | 0.17%             | 2054-10-01      | Floating      | 5.50%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698RK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1311856.47   | 0.09%             | 2029-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monterey Peninsula Community College District                                    | MONTEREY PENINSULA CA CMNTY CLG DIST                         | CUSIP: 612574EH2<br>LEI: 549300C8NLDKBLGMK366 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $2794620.96   | 0.18%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                | CUSIP: 34061WAV6<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    110000 | PA      | $109654.15    | 0.01%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Educational Assistance Foundation                                     | NEW MEXICO ST EDUCTNL ASSISTANCE FNDTN                       | CUSIP: 647110FL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     20000 | PA      | $19489.11     | 0.00%             | 2034-04-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| City of Ruston LA Sales Tax Revenue                                              | RUSTON LA SALES TAX REVENUE                                  | CUSIP: 783116AR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1238476.10   | 0.08%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FXC3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |  10920000 | PA      | $11107280.07  | 0.72%             | 2049-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SENIOR LIVING REVENUE                | CUSIP: 34061WAU8<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    100000 | PA      | $99981.59     | 0.01%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783P91<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    815000 | PA      | $851556.30    | 0.06%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZW2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2057249.90   | 0.13%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | CUSIP: 34061UFA1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    470000 | PA      | $445655.36    | 0.03%             | 2030-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                                | NORTH CAROLINA ST TURNPIKE AUTH MONROE EXPRESSWAY TOLL REV   | CUSIP: 65830UAK8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    550000 | PA      | $428356.26    | 0.03%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP REVENUE                     | CUSIP: 424682KZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $213734.47    | 0.01%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TDL8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2126793.28   | 0.14%             | 2055-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Fountation/The                              | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726DT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12465000 | PA      | $10159601.74  | 0.66%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218P80<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $390023.28    | 0.03%             | 2033-07-01      | 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: 645790BS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1256933.50   | 0.08%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Saginaw Valley State University                                                  | SAGINAW VLY MI ST UNIV REVENUE                               | CUSIP: 78689HKV7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1451121.61   | 0.09%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TJB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $556312.14    | 0.04%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Lakeland FL                                                              | LAKELAND FL HOSP SYS REVENUE                                 | CUSIP: 511665KD2<br>LEI: XRPK4ZALF4437WO3JQ94 | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3805883.51   | 0.25%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136ET4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |  35000000 | PA      | $28393597.75  | 1.85%             | 2030-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                         | CHESTER CNTY PA HLTH & EDU FACS AUTH REVENUE                 | CUSIP: 165579EU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2050885.66   | 0.13%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E6C7<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1935000 | PA      | $880425.00    | 0.06%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                 | PARK CREEK CO MET DIST REVENUE                               | CUSIP: 700387DC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1510148.06   | 0.10%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3617934.08   | 0.24%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PD51<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3733508.94   | 0.24%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883ZR6<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |         0 | PA      | $0.00         | 0.00%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH HOSP REVENUE                             | CUSIP: 45471AUM2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1220000 | PA      | $1257387.53   | 0.08%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13140000 | PA      | $12887138.83  | 0.84%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUSTFUND AUTH                       | CUSIP: 64613CFE3<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    230000 | PA      | $244987.32    | 0.02%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Transportation Infrastructure Authority                          | KENTUCKY PUB TRANSPRTN INFRASTRUCTURE AUTH TOLL REVENUE      | CUSIP: 491397AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1230000 | PA      | $942002.24    | 0.06%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7300091.75   | 0.47%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                             | CHARLOTTE NC                                                 | CUSIP: 161035LG3<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    485000 | PA      | $528452.81    | 0.03%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham-Jefferson Civic Center Authority                                      | BIRMINGHAM JEFFERSON AL CIVIC CTR AUTH SPL TAX               | CUSIP: 091156MJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1667479.01   | 0.11%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                  | CUSIP: 95235TAQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199561.68    | 0.01%             | 2031-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DR5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   4685000 | PA      | $4620972.63   | 0.30%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487H5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14000000 | PA      | $14005132.26  | 0.91%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416TXN3<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    455000 | PA      | $463005.06    | 0.03%             | 2030-01-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| West Virginia Hospital Finance Authority                                         | WEST VIRGINIA ST HOSP FIN AUTH                               | CUSIP: 956622M76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2000785.37   | 0.13%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487R3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1900000 | PA      | $1885938.31   | 0.12%             | 2030-07-15      | 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: 982674KV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1374968.59   | 0.09%             | 2033-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333ND67<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |  12305000 | PA      | $12342279.60  | 0.80%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EEW4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |  12000000 | PA      | $12260105.04  | 0.80%             | 2030-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $676542.50    | 0.04%             | 2029-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Idaho Housing & Finance Association                                              | IDAHO ST HSG & FIN ASSN NONPROFIT FACS REVENUE               | CUSIP: 45129GDD4<br>LEI: 5493002WM3NYB1LQB744 | Long             | DBT              | MUN               | US        |    135000 | PA      | $133648.88    | 0.01%             | 2029-07-01      | Fixed         | 4.63%                 | No            |                  2 | On Loan: No      |
| Spring Branch Independent School District                                        | SPRING BRANCH TX INDEP SCH DIST                              | CUSIP: 849476TJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4658060.45   | 0.30%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399DQ6<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1485000 | PA      | $1492562.54   | 0.10%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wiseburn School District                                                         | WISEBURN CA SCH DIST                                         | CUSIP: 977266FN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7505000 | PA      | $6281805.00   | 0.41%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Miami Beach Health Facilities Authority                                          | MIAMI BEACH FL HLTH FACS AUTH                                | CUSIP: 593211ET8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000393.52   | 0.07%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EGA2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1446496.30   | 0.09%             | 2030-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399HS8<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    375000 | PA      | $368562.99    | 0.02%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Unified School District/CA                                               | COMPTON CA UNIF SCH DIST                                     | CUSIP: 204736FG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $673775.86    | 0.04%             | 2035-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH                                  | CUSIP: 64578EJU2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4634443.13   | 0.30%             | 2032-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579FJ1<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   1900000 | PA      | $2047041.99   | 0.13%             | 2030-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2590000 | PA      | $2622226.20   | 0.17%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Higher Education Building Authority                             | ALLEGHENY CNTY PA HGR EDU BLDG AUTH CLG REVENUE              | CUSIP: 01729EKZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5485000 | PA      | $5419551.33   | 0.35%             | 2033-02-01      | Floating      | 3.34%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $204823.88    | 0.01%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZU6<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1874625.45   | 0.12%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JJH7<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1350081.57   | 0.09%             | 2028-08-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783P83<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    775000 | PA      | $806626.70    | 0.05%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 5                                      | VLG FL CDD #5 SPL ASSMNT REVENUE                             | CUSIP: 92707SAR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    905000 | PA      | $901910.95    | 0.06%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| City of Shawnee KS                                                               | SHAWNEE KS EDU FACS REVENUE                                  | CUSIP: 820668AA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $465916.37    | 0.03%             | 2031-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                       | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445A90<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18250000 | PA      | $19250113.14  | 1.25%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                              | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBQ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7300000 | PA      | $7414838.34   | 0.48%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | DIRECTOR OF THE ST OF NEVADA DEPT OF BUSINESS & INDUSTRIAL   | CUSIP: 25490LAE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $361481.72    | 0.02%             | 2029-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444AX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9310000 | PA      | $9316240.68   | 0.61%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080SA0<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2264177.34   | 0.15%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Howard County Housing Commission                                                 | HOWARD CO MD HSG COMMN                                       | CUSIP: 442577DW9<br>LEI: 5493007CCS6UI1IIE878 | Long             | DBT              | MUN               | US        |   1765000 | PA      | $1801829.18   | 0.12%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland Department of Transportation                                   | MARYLAND ST DEPT OF TRANSPRTN CONSOL TRANSPRTN               | CUSIP: 574204H89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5470000 | PA      | $5677298.01   | 0.37%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                              | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712DT63<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2604249.38   | 0.17%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Michigan Trunk Line Revenue                                             | MICHIGAN ST TRUNK LINE                                       | CUSIP: 5946952M9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $872815.55    | 0.06%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                          | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817WF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    705000 | PA      | $725700.01    | 0.05%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Pledged Excise Tax Revenue                            | DENVER CO CITY & CNTY DEDICATED TAX REVENUE                  | CUSIP: 24917DBM4<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $796527.25    | 0.05%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Latrobe Industrial Development Authority                                         | LATROBE PA INDL DEV AUTH UNIV REVENUE                        | CUSIP: 518324AG3<br>LEI: 5493008FA05J2R0XCZ14 | Long             | DBT              | MUN               | US        |    150000 | PA      | $152985.44    | 0.01%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495AV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14135000 | PA      | $10313881.49  | 0.67%             | 2032-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE         | CUSIP: 167723GP4<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2037434.84   | 0.13%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783P59<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    285000 | PA      | $288891.18    | 0.02%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH                         | CUSIP: 60635H3V9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    485000 | PA      | $506992.96    | 0.03%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBM8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  30265000 | PA      | $30591054.53  | 1.99%             | 2053-01-01      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                             | TOBACCO SETTLEMENT FING CORP RI                              | CUSIP: 888809BC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4215000 | PA      | $4217524.07   | 0.27%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sales Tax Securitization Corp                                                    | SALES TAX SECURITIZATION CORP IL                             | CUSIP: 79467BEF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10583432.80  | 0.69%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883ZN5<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2675000 | PA      | $2790564.90   | 0.18%             | 2027-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| M-S-R Energy Authority                                                           | M-S-R CA ENERGY AUTH GAS REVENUE                             | CUSIP: 55374SAG5<br>LEI: 549300UEMSS1JTK5YB98 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1952435.47   | 0.13%             | 2029-11-01      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PJX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5029449.45   | 0.33%             | 2029-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                             | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682YV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $953675.67    | 0.06%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917THD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101978.87    | 0.01%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262074S0<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1263903.44   | 0.08%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647JZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12325000 | PA      | $13002452.75  | 0.85%             | 2030-10-01      | 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: 54628CUG5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1130423.08   | 0.07%             | 2030-06-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 626207W83<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   8000000 | PA      | $8262910.16   | 0.54%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323BY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1950000 | PA      | $2018131.58   | 0.13%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Nueces TX                                                              | NUECES CNTY TX                                               | CUSIP: 670386RB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1165000 | PA      | $1176549.47   | 0.08%             | 2033-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Manhattan KS                                                             | MANHATTAN KS HLTH CARE FAC REVENUE                           | CUSIP: 563017DX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $312665.76    | 0.02%             | 2026-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| E-470 Public Highway Authority                                                   | E-470 CO PUBLIC HIGHWAY AUTH                                 | CUSIP: 26822LMX9<br>LEI: 549300164ZV2301BC703 | Long             | DBT              | MUN               | US        |   3160000 | PA      | $3136801.71   | 0.20%             | 2039-09-01      | Floating      | 3.67%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    530000 | PA      | $509950.64    | 0.03%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 64613CFR4<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1530000 | PA      | $1635177.23   | 0.11%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399DR4<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   2175000 | PA      | $2186463.75   | 0.14%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                             | CONNECTICUT ST                                               | CUSIP: 20772KBA6<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |   3600000 | PA      | $3752319.13   | 0.24%             | 2033-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | County of Broward FL Airport System Revenue                  | CUSIP: 114894RC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18820000 | PA      | $18760286.03  | 1.22%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308N26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2448038.28   | 0.16%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Atlantic City Board of Education                                                 | ATLANTIC CITY NJ BRD OF EDU                                  | CUSIP: 048342GM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    170000 | PA      | $171652.45    | 0.01%             | 2030-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of St Johns FL Water & Sewer Revenue                                      | SAINT JOHNS CNTY FL WTR & SWR REVENUE                        | CUSIP: 790420LC5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2495000 | PA      | $1938500.70   | 0.13%             | 2032-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080RZ6<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5531577.81   | 0.36%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DEH1<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    355000 | PA      | $353575.09    | 0.02%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elkhorn School District                                                          | DOUGLAS CNTY NE SCH DIST #10                                 | CUSIP: 259309M66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $329711.23    | 0.02%             | 2032-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DEA6<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    225000 | PA      | $227092.28    | 0.01%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224ZT9<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1036062.62   | 0.07%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389P51<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1047792.13   | 0.07%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Santa Fe NM                                                              | SANTA FE NM RETMNT FAC REVENUE                               | CUSIP: 802170AH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000150.22   | 0.07%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E5Y0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    460000 | PA      | $209300.00    | 0.01%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware Transportation Authority                                                | DELAWARE ST TRANSPRTN AUTH GRANT ANTICIPATION BONDS          | CUSIP: 246419BQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2163903.50   | 0.14%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E6A1<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1745000 | PA      | $793975.00    | 0.05%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603YP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1359483.08   | 0.09%             | 2032-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Minnesota Housing Finance Agency                                                 | MINNESOTA ST HSG FIN AGY                                     | CUSIP: 60416TXP8<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    480000 | PA      | $489452.64    | 0.03%             | 2030-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933M0<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    830000 | PA      | $848641.69    | 0.06%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B4H4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1792912.07   | 0.12%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                          | HOMEWOOD AL EDUCTNL BLDG AUTH REVENUE                        | CUSIP: 437887FY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1011478.72   | 0.07%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Municipal Energy Acquisition Authority                                | NEW MEXICO ST MUNI ENERGY ACQUISITION AUTH GAS SPLY          | CUSIP: 647207BB4<br>LEI: 549300KZGG2YNDKKCE92 | Long             | DBT              | MUN               | US        |  10570000 | PA      | $10570000.00  | 0.69%             | 2039-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDC7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   9780000 | PA      | $9779342.69   | 0.64%             | 2054-02-01      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| East Hempfield Township Industrial Development Authority                         | E HEMPFIELD TWP PA INDL DEV AUTH                             | CUSIP: 273007CJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $372167.83    | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCQ8<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10515511.30  | 0.68%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 64579F8F3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2436852.91   | 0.16%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maine Turnpike Authority                                                         | MAINE ST TURNPIKE AUTH                                       | CUSIP: 560551QM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $298376.91    | 0.02%             | 2030-07-01      | 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: 60637ALT7<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1964788.52   | 0.13%             | 2033-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of New Jersey                                                              | NEW JERSEY ST                                                | CUSIP: 646039YP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  24000000 | PA      | $24868630.32  | 1.62%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534T2M6<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1608209.69   | 0.10%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Monterey Peninsula Community College District                                    | MONTEREY PENINSULA CA CMNTY CLG DIST                         | CUSIP: 612574EJ8<br>LEI: 549300C8NLDKBLGMK366 | Long             | DBT              | MUN               | US        |   5940000 | PA      | $4531939.22   | 0.29%             | 2031-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Finance Authority                                                       | MICHIGAN ST FIN AUTH REVENUE                                 | CUSIP: 59447T3W1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |  16595000 | PA      | $16447707.26  | 1.07%             | 2047-04-15      | Floating      | 4.37%                 | No            |                  2 | On Loan: No      |
| New Jersey Institute of Technology/NJ                                            | NEW JERSEY INSTITUTE OF TECHNOLOGY                           | CUSIP: 64579RBH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3385000 | PA      | $3392028.41   | 0.22%             | 2031-07-01      | 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        |  23930000 | PA      | $24192411.83  | 1.57%             | 2049-09-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Indiana Commuter Transportation District                                | NORTHERN INDIANA COMMUTER TRANSPRTN DIST INDL REVENUE        | CUSIP: 66528PAX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1015302.96   | 0.07%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Clark NV                                                               | CLARK CNTY NV                                                | CUSIP: 180848SE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5015992.75   | 0.33%             | 2034-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lancaster Municipal Authority                                                    | LANCASTER PA MUNI AUTH HLTHCARE FACS REVENUE                 | CUSIP: 514350AE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $198239.02    | 0.01%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chester County Industrial Development Authority                                  | CHESTER CNTY PA INDL DEV AUTH SPL OBLIG REVENUE              | CUSIP: 16559WAA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     96000 | PA      | $95493.60     | 0.01%             | 2028-03-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Rhode Island Student Loan Authority                                              | RHODE ISLAND ST STUDENT LOAN AUTH LOAN REVENUE               | CUSIP: 762323BZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1346626.71   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DGB2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   9865000 | PA      | $10289435.41  | 0.67%             | 2053-12-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Alabama Special Care Facilities Financing Authority-Birmingham AL                | BIRMINGHAM AL SPL CARE FACS FING AUTH HLTH CARE FAC          | CUSIP: 090929GK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10004954.50  | 0.65%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                 | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536LT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8350000 | PA      | $8418101.77   | 0.55%             | 2038-11-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883ZM7<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3333267.11   | 0.22%             | 2026-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                              | CUSIP: 717813TN9<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6006101.10   | 0.39%             | 2032-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Love Field Airport Modernization Corp                                            | LOVE FIELD TX ARPT MODERNIZATION CORP GEN ARPT REVENUE       | CUSIP: 54714CBB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $438829.02    | 0.03%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                              | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477DY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    900000 | PA      | $978517.64    | 0.06%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles CA                                                           | LOS ANGELES CA                                               | CUSIP: 544351SE0<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   3700000 | PA      | $3706335.10   | 0.24%             | 2025-06-26      | 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: 60637AKU5<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5065283.60   | 0.33%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of St Johns FL Water & Sewer Revenue                                      | SAINT JOHNS CNTY FL WTR & SWR REVENUE                        | CUSIP: 790420LA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1683885.50   | 0.11%             | 2030-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                        | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528DQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12995000 | PA      | $12968230.17  | 0.84%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Dauphin County General Authority                                                 | DAUPHIN CNTY PA GEN AUTH HLTHSYS REVENUE                     | CUSIP: 23825EDT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2281639.00   | 0.15%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                                | CALIFORNIA HSG FIN AGY MUNI CTFS                             | CUSIP: 13033DAE5<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   3518792 | PA      | $3346334.76   | 0.22%             | 2035-11-20      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SXQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3339242.89   | 0.22%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH ECON DEV REVENUE                 | CUSIP: 64577HMH1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5114646.55   | 0.33%             | 2031-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CAH4<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5575000 | PA      | $5576016.16   | 0.36%             | 2029-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Geisinger Authority                                                              | GEISINGER PA AUTH HLTH SYS REVENUE                           | CUSIP: 368497JC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4089678.36   | 0.27%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                             | TOBACCO SETTLEMENT FING CORP RI                              | CUSIP: 888809BA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2750000 | PA      | $2751580.07   | 0.18%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041WE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1300000 | PA      | $1314780.62   | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WBRP 3.2                                                                         | WBRP 3.2 WASHINGTON BIOMED RESEARCH PROPERTIES LEASE REVENUE | CUSIP: 937308AP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1142758.59   | 0.07%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tulsa Airports Improvement Trust                                                 | TULSA OK MUNI ARPT TRUST TRUSTEES                            | CUSIP: 899661EL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  21750000 | PA      | $21764035.06  | 1.42%             | 2035-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Municipal Electric Authority of Georgia                                          | MUNI ELEC AUTH OF GEORGIA                                    | CUSIP: 6262075Q3<br>LEI: JA0WNILDDF2KUPS83B16 | Long             | DBT              | MUN               | US        |   1905000 | PA      | $2028072.14   | 0.13%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16740000 | PA      | $17224566.25  | 1.12%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 5                                      | VLG FL CDD #5 SPL ASSMNT REVENUE                             | CUSIP: 92707SAQ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    830000 | PA      | $809229.23    | 0.05%             | 2033-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| San Diego County Regional Airport Authority                                      | SAN DIEGO CNTY CA REGL ARPT AUTH AIRPORT REVENUE             | CUSIP: 79739GGH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1010242.31   | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                 | PARK CREEK CO MET DIST REVENUE                               | CUSIP: 700387DE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1357368.80   | 0.09%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PH99<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    240000 | PA      | $253206.45    | 0.02%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224WH8<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3092061.78   | 0.20%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    890000 | PA      | $902164.03    | 0.06%             | 2027-07-01      | 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: 97689QEK8<br>LEI: 549300AT0SEG8YQT2K79 | Long             | DBT              | MUN               | US        |   7265000 | PA      | $6547950.97   | 0.43%             | 2032-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                          | OREGON ST HSG & CMNTY SVCS DEPT MF REVENUE                   | CUSIP: 68608ENL2<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6020130.60   | 0.39%             | 2048-01-10      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FVM3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6917527.05   | 0.45%             | 2061-05-15      | Floating      | 4.17%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048VBT4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4073988.64   | 0.27%             | 2033-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742184A8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $513338.32    | 0.03%             | 2032-07-01      | 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: 414009FA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2883031.32   | 0.19%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A3V6<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018665.39   | 0.07%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Bay Area Toll Authority                                                          | BAY AREA CA TOLL AUTH TOLL BRIDGE REVENUE                    | CUSIP: 072024ST0<br>LEI: 5493001FUZGUQMIP5D78 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2958247.38   | 0.19%             | 2036-04-01      | Floating      | 4.87%                 | No            |                  2 | On Loan: No      |
| Sartell-St Stephen Independent School District No 748                            | SARTELL MN INDEP SCH DIST #748                               | CUSIP: 803820KZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2190000 | PA      | $1711380.60   | 0.11%             | 2031-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564EL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $985541.84    | 0.06%             | 2035-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Educational & Cultural Facilities Authority                             | COLORADO EDUCTNL & CULTURAL AUTH REVENUE                     | CUSIP: 19645UEP5<br>LEI: 549300BJRX2FHSSZP042 | Long             | DBT              | MUN               | US        |    920000 | PA      | $892319.78    | 0.06%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $858218.10    | 0.06%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Municipal Authority                                          | WESTMORELAND CNTY PA MUNI AUTH                               | CUSIP: 961017RG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5140563.20   | 0.33%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EHS0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000198.29   | 0.07%             | 2032-10-01      | Fixed         | 4.00%                 | 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        |  10000000 | PA      | $10000785.10  | 0.65%             | 2050-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BJL9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3660000 | PA      | $3520607.14   | 0.23%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257558.06    | 0.02%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chattanooga Health Educational & Housing Facility Board                          | CHATTANOOGA TN HLTH EDUCTNL &HSG FAC BRD REVENUE             | CUSIP: 162410EH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1913128.82   | 0.12%             | 2036-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                           | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WB9<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4450000 | PA      | $4317338.25   | 0.28%             | 2029-09-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                   | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461362E0<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2581421.51   | 0.17%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSJ6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    185000 | PA      | $184191.91    | 0.01%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116CK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7595000 | PA      | $7698750.36   | 0.50%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Hempfield Township Industrial Development Authority                         | E HEMPFIELD TWP PA INDL DEV AUTH                             | CUSIP: 273007CL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $135614.95    | 0.01%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1160000 | PA      | $1207616.54   | 0.08%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Alameda Corridor Transportation Authority                                        | ALAMEDA CA CORRIDOR TRANSPRTN AUTH REVENUE                   | CUSIP: 010869DV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10530000 | PA      | $8499855.49   | 0.55%             | 2030-10-01      | None          | 0.00%                 | 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        |   5000000 | PA      | $5209560.80   | 0.34%             | 2032-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446463U4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3001317.66   | 0.20%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Nevada Department of Business & Industry                                | NEVADA DEPT OF BUSINESS & INDUSTRY NV                        | CUSIP: 641454AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $220362.84    | 0.01%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452152S77<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   7450000 | PA      | $7669991.87   | 0.50%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                    | DELAWARE ST ECON DEV AUTH REVENUE                            | CUSIP: 246387SW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $493699.34    | 0.03%             | 2040-10-01      | Floating      | 1.25%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP EXEMPT FAC REVENUE            | CUSIP: 650110AB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $330967.31    | 0.02%             | 2034-10-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Bay Transportation Authority Sales Tax Revenue                     | MASSACHUSETTS ST BAY TRANSPRTN AUTH SALES TAX REVENUE        | CUSIP: 575579ZS9<br>LEI: 549300D2U0XBUXGX8P68 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3020815.72   | 0.20%             | 2032-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1325000 | PA      | $1342795.58   | 0.09%             | 2030-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                 | PORT HOUSTON TX AUTH                                         | CUSIP: 734262GF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2173337.24   | 0.14%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                              | S MIAMI FL HLTH FACS AUTH                                    | CUSIP: 838810DY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6475000 | PA      | $6659933.58   | 0.43%             | 2034-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TND9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1185000 | PA      | $1206294.32   | 0.08%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO                                                       | DENVER CITY & CNTY CO SPL FACS ARPT REVENUE                  | CUSIP: 249271GV3<br>LEI: MMTY7HA2MSCBUO4F7J71 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2456515.30   | 0.16%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Housing Authority                                                        | CHICAGO IL HSG AUTH                                          | CUSIP: 16753QAQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1536906.86   | 0.10%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DHG0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    305000 | PA      | $301732.20    | 0.02%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032URG5<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1855000 | PA      | $1933048.22   | 0.13%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TEN3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   6245000 | PA      | $6566457.00   | 0.43%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 5                                      | VLG FL CDD #5 SPL ASSMNT REVENUE                             | CUSIP: 92707SBC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1793856.04   | 0.12%             | 2028-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $194281.95    | 0.01%             | 2028-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933L2<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    625000 | PA      | $640787.79    | 0.04%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Aviation Revenue                                         | MIAMI-DADE CNTY FL AVIATION REVENUE                          | CUSIP: 59333P7G7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4285000 | PA      | $4493237.93   | 0.29%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                               | ILLINOIS ST MUNI ELEC AGY PWR SPLY                           | CUSIP: 452024HZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3009046.11   | 0.20%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | County of Broward FL Airport System Revenue                  | CUSIP: 114894RA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17199981 | PA      | $17145407.31  | 1.12%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                               | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509556.54    | 0.03%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JBM7<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   6750000 | PA      | $6787090.17   | 0.44%             | 2053-12-01      | Floating      | 4.85%                 | No            |                  2 | On Loan: No      |
| Metropolitan Government Nashville & Davidson County Health & Educational Facs Bd | MET GOVT NASHVILLE & DAVIDSONCNTY TN HLTH & EDUCTNL FAC BRD  | CUSIP: 592041A23<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10564986.40  | 0.69%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of King WA Sewer Revenue                                                  | KING CNTY WA SWR REVENUE                                     | CUSIP: 495290EF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4050000 | PA      | $3977583.12   | 0.26%             | 2040-01-01      | Floating      | 3.85%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917TNR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6625000 | PA      | $6727384.94   | 0.44%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | City & County of Denver CO Airport System Revenue            | CUSIP: 249182FH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8084896 | PA      | $7853470.68   | 0.51%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Illinois Sports Facilities Authority/The                                         | ILLINOIS ST SPORTS FACS AUTH                                 | CUSIP: 452143CT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2345000 | PA      | $2246291.99   | 0.15%             | 2026-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                        | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP HOSP REVENUE      | CUSIP: 87638QSG5<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   3585000 | PA      | $3809881.13   | 0.25%             | 2052-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI POLL CONTROL REVENUE                      | CUSIP: 74447HAC2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1777411.04   | 0.12%             | 2046-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $358524.92    | 0.02%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396EY4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    485000 | PA      | $473555.18    | 0.03%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Educational Assistance Foundation                                     | NEW MEXICO ST EDUCTNL ASSISTANCE FNDTN                       | CUSIP: 647110FK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97142.38     | 0.01%             | 2033-09-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709224WJ4<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   4075000 | PA      | $4191842.23   | 0.27%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5324711.43   | 0.35%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST PRIVATE ACTIVITY REVENUE                             | CUSIP: 67759YAL1<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   1625000 | PA      | $1628506.96   | 0.11%             | 2029-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeastern Pennsylvania Transportation Authority                               | S ESTRN PA TRANSPRTN AUTH                                    | CUSIP: 842039ER6<br>LEI: 98450061A2F3FD36E493 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5351529.30   | 0.35%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $600056.30    | 0.04%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933E8<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    735000 | PA      | $744430.92    | 0.05%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio State University/The                                                        | OHIO ST UNIV                                                 | CUSIP: 677632L82<br>LEI: JFC10ZULKO4X2E3HBY86 | Long             | DBT              | MUN               | US        |   3320000 | PA      | $3629395.61   | 0.24%             | 2030-12-01      | 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: 414009KN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2275000 | PA      | $2291976.23   | 0.15%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth Financing Authority                                                 | CMWLTH FING AUTH PA TOBACCO MASTER SETTLEMENT PAYMENT REV    | CUSIP: 20282EAP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3560000 | PA      | $3647731.86   | 0.24%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912EF9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    285000 | PA      | $279355.60    | 0.02%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Saginaw Valley State University                                                  | SAGINAW VLY MI ST UNIV REVENUE                               | CUSIP: 78689HKU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2070000 | PA      | $2101721.36   | 0.14%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | CUMBERLAND CNTY PA MUNI AUTH                                 | CUSIP: 230614TG4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    875000 | PA      | $875710.43    | 0.06%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Mississippi Gaming Tax Revenue                                          | MISSISSIPPI ST GAMING TAX REVENUE                            | CUSIP: 605638AT2<br>LEI: 549300JRWW5RFQUB7P94 | Long             | DBT              | MUN               | US        |  12225000 | PA      | $12282097.60  | 0.80%             | 2033-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XNJ7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10562173.50  | 0.69%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JEQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5715000 | PA      | $6096531.34   | 0.40%             | 2031-05-15      | 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        |   5000000 | PA      | $5428703.30   | 0.35%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $206599.14    | 0.01%             | 2029-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349FK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1256824.03   | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080TH4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    160000 | PA      | $154538.10    | 0.01%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                               | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VM6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $987680.68    | 0.06%             | 2033-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                               | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP REVENUE            | CUSIP: 83703FLJ9<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10209973.90  | 0.66%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SXP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1772705.59   | 0.12%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Combined Utility System Revenue                               | HOUSTON TX UTILITY SYS REVENUE                               | CUSIP: 44244CGS0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7315000 | PA      | $7443396.46   | 0.48%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Maryland                                                                | MARYLAND ST                                                  | CUSIP: 574193RK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4615633.00   | 0.30%             | 2034-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Alabama Public School and College Authority                                      | ALABAMA ST PUBLIC SCH & CLG AUTH                             | CUSIP: 010609FJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11900000 | PA      | $12983292.94  | 0.84%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Genesee County Funding Corp/The                                                  | GENESEE CNTY NY FUNDING CORP                                 | CUSIP: 371669AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $527198.03    | 0.03%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7W8<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4944161.20   | 0.32%             | 2035-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                      | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HTN5<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   9485000 | PA      | $9643209.71   | 0.63%             | 2035-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  14055000 | PA      | $11750862.23  | 0.76%             | 2029-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                               | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64990BNJ8<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7500000.00   | 0.49%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                 | PARK CREEK CO MET DIST REVENUE                               | CUSIP: 700387DB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1511047.79   | 0.10%             | 2027-12-01      | 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        |   3250000 | PA      | $3157559.76   | 0.21%             | 2056-04-01      | Floating      | 4.03%                 | No            |                  2 | On Loan: No      |
| Alabama Federal Aid Highway Finance Authority                                    | ALABAMA FEDERAL AID HIGHWAY FIN AUTH SPL OBLIG REVENUE       | CUSIP: 010268DC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4750000 | PA      | $5179433.73   | 0.34%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LT Ranch Community Development District                                          | LT RANCH CDD FL CAPITAL IMPT REVENUE                         | CUSIP: 54912EAB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    985000 | PA      | $948859.46    | 0.06%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058THJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $195600.79    | 0.01%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                             | CHARLOTTE NC                                                 | CUSIP: 161035LF5<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    350000 | PA      | $376292.43    | 0.02%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B4J0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   2125000 | PA      | $2075940.44   | 0.14%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Community Choice Financing Authority                                  | CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE  | CUSIP: 13013JDG8<br>LEI: 549300X8VKJ215S2R571 | Long             | DBT              | MUN               | US        |   1785000 | PA      | $1874064.52   | 0.12%             | 2054-11-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Chester County Health and Education Facilities Authority                         | CHESTER CNTY PA HLTH & EDU FACS AUTH HLTH SYS REVENUE        | CUSIP: 16557HDU6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1486558.98   | 0.10%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL Water & Sewer System Revenue                             | MIAMI-DADE CNTY FL WTR & SWR REVENUE                         | CUSIP: 59334DMU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5220999.90   | 0.34%             | 2027-10-01      | 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        |    800000 | PA      | $862506.22    | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DXL0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    600000 | PA      | $599638.18    | 0.04%             | 2027-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DFC1<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   8910000 | PA      | $9274777.63   | 0.60%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ruston LA Sales Tax Revenue                                              | RUSTON LA SALES TAX REVENUE                                  | CUSIP: 783116AN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1060000 | PA      | $1073961.43   | 0.07%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Convention Center Public Facilities District                    | WASHINGTON ST CONVENTION CENTER PUBLIC FACS DIST             | CUSIP: 93976ACR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4240000 | PA      | $4221917.76   | 0.27%             | 2031-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St Stephen Independent School District No 748                            | SARTELL MN INDEP SCH DIST #748                               | CUSIP: 803820KY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3915000 | PA      | $3205939.39   | 0.21%             | 2030-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Newark Housing Authority                                                         | NEWARK NJ HSG AUTH PORT NEWARK MARINE TERMINAL RENTAL REVENU | CUSIP: 65037RCH1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5119056.70   | 0.33%             | 2027-01-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Municipal Authority                                          | WESTMORELAND CNTY PA MUNI AUTH                               | CUSIP: 961017QN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1506288.87   | 0.10%             | 2027-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tolomato Community Development District                                          | TOLOMATO FL CDD                                              | CUSIP: 889560DF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $402215.13    | 0.03%             | 2029-05-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DDS0<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   6545000 | PA      | $6487464.08   | 0.42%             | 2052-08-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933K4<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    735000 | PA      | $755213.79    | 0.05%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                              | NEW YORK NY                                                  | CUSIP: 64966MHF9<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4081303.40   | 0.27%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JGZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3688017.94   | 0.24%             | 2060-03-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603YN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1813371.28   | 0.12%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                                | PORT OF MORROW OR                                            | CUSIP: 73473REW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $878030.89    | 0.06%             | 2030-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lehigh County Industrial Development Authority                                   | LEHIGH CNTY PA INDL DEV AUTH                                 | CUSIP: 524808BY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13500000 | PA      | $13278872.03  | 0.86%             | 2029-09-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080XF3<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5229080.95   | 0.34%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maricopa County Industrial Development Authority                                 | MARICOPA CNTY AZ INDL DEV AUTH                               | CUSIP: 56682HBV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10219423.70  | 0.66%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northampton County General Purpose Authority                                     | NORTHAMPTON CNTY PA GEN PURPOSE AUTH CLG REVENUE             | CUSIP: 66353LDG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5400000 | PA      | $5566477.90   | 0.36%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576JN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3495000 | PA      | $3680707.35   | 0.24%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |  12025000 | PA      | $12004287.06  | 0.78%             | 2052-10-01      | Floating      | 4.00%                 | 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: 484080UD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $6494752.31   | 0.42%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XAK8<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3919805.94   | 0.25%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Projects Finance Authority/FL                                            | CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                | CUSIP: 140427BL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1029837.04   | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534T2N4<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2015751.80   | 0.13%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of South Alabama                                                      | UNIV OF SOUTH ALABAMA AL UNIV REVENUES                       | CUSIP: 914845QF2<br>LEI: 549300U394SOV3NGG049 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1127794.84   | 0.07%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Westmoreland County Municipal Authority                                          | WESTMORELAND CNTY PA MUNI AUTH                               | CUSIP: 961017RH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17945000 | PA      | $18439729.29  | 1.20%             | 2032-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL REVENUE                                 | CUSIP: 14052WDM6<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1635000 | PA      | $1542940.31   | 0.10%             | 2031-07-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 64579F8E6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2947914.87   | 0.19%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CE0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4963209.90   | 0.32%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5755000 | PA      | $4382153.32   | 0.29%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PL52<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   2770000 | PA      | $2886367.81   | 0.19%             | 2041-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| DeKalb County Housing Authority                                                  | DEKALB CNTY GA HSG AUTH MF HSG                               | CUSIP: 240471PD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6870000 | PA      | $6645093.86   | 0.43%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399HX7<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    585000 | PA      | $588408.27    | 0.04%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Ruston LA Sales Tax Revenue                                              | RUSTON LA SALES TAX REVENUE                                  | CUSIP: 783116AQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1031728.54   | 0.07%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Birmingham-Jefferson Civic Center Authority                                      | BIRMINGHAM JEFFERSON AL CIVIC CTR AUTH SPL TAX               | CUSIP: 091156MG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1150531.42   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | County of Broward FL Airport System Revenue                  | CUSIP: 114894RB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  18095007 | PA      | $18037593.59  | 1.17%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 645918Z89<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4705000 | PA      | $4715043.06   | 0.31%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Charleston SC                                                          | CHARLESTON CNTY SC                                           | CUSIP: 160069YR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4885000 | PA      | $4917566.93   | 0.32%             | 2030-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QPQ0<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    875000 | PA      | $782912.04    | 0.05%             | 2030-10-01      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH                             | CUSIP: 613609B70<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1999964.76   | 0.13%             | 2030-01-01      | 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: 88256HBF4<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |  16435000 | PA      | $17093882.11  | 1.11%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                        | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528DV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6855000 | PA      | $6882010.07   | 0.45%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SXS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003430.86   | 0.07%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION HLTH CARE FACS REVENUE | CUSIP: 65821DTG6<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1501264.80   | 0.10%             | 2030-10-01      | 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        |   5000000 | PA      | $5203250.50   | 0.34%             | 2052-05-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                              | S MIAMI FL HLTH FACS AUTH                                    | CUSIP: 838810DV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3130000 | PA      | $3230847.66   | 0.21%             | 2031-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Puerto Rico                                                      | PUERTO RICO CMWLTH                                           | CUSIP: 74514L3H8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1533577 | PA      | $1581090.02   | 0.10%             | 2029-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FTL8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2100000 | PA      | $2066248.30   | 0.13%             | 2029-05-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Los Angeles Unified School District/CA                                           | LOS ANGELES CA UNIF SCH DIST                                 | CUSIP: 5446463W0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4921773.15   | 0.32%             | 2035-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission                                           | NORTH CAROLINA ST MED CARE COMMISSION RETMNT FACS REVENUE    | CUSIP: 65820YSH0<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    355000 | PA      | $354432.07    | 0.02%             | 2033-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                 | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DBR4<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7499479.28   | 0.49%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| East Nassau Stewardship District                                                 | EAST NASSAU STEWARDSHIP DIST FL                              | CUSIP: 27379AAA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3365000 | PA      | $3366386.08   | 0.22%             | 2029-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Aviation Authority                                           | HILLSBOROUGH CNTY FL AVIATION AUTH                           | CUSIP: 432308V27<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9145000 | PA      | $9628950.57   | 0.63%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of St Johns FL Water & Sewer Revenue                                      | SAINT JOHNS CNTY FL WTR & SWR REVENUE                        | CUSIP: 790420LB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1295000 | PA      | $1049990.87   | 0.07%             | 2031-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B4E1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025418.40   | 0.07%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                            | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AQG5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10267848.20  | 0.67%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | County of Broward FL Airport System Revenue                  | CUSIP: 114894RD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19574993 | PA      | $19512883.64  | 1.27%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SENIOR LIVING REVENUE                   | CUSIP: 63608SAG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $282561.59    | 0.02%             | 2028-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Massachusetts                                                    | MASSACHUSETTS ST                                             | CUSIP: 57582RLY0<br>LEI: 5493001N1YCXNI1O7K10 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5109729.75   | 0.33%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                          | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 2350365Z9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2688882.08   | 0.17%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WBRP 3.2                                                                         | WBRP 3.2 WASHINGTON BIOMED RESEARCH PROPERTIES LEASE REVENUE | CUSIP: 937308AN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002842.18   | 0.07%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Airport System Revenue                                         | AUSTIN TX ARPT SYS REVENUE                                   | CUSIP: 052398HF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2095628.06   | 0.14%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School Board of Miami-Dade County/The                                            | MIAMI-DADE CNTY FL SCH BRD COPS                              | CUSIP: 59333MQ81<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   9000000 | PA      | $9106277.58   | 0.59%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQE8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  33523000 | PA      | $25570320.94  | 1.66%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                                | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8270000 | PA      | $8457281.34   | 0.55%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                        | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EDH3<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    920000 | PA      | $897258.72    | 0.06%             | 2039-03-01      | Floating      | 3.92%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI HOSP REVENUE                              | CUSIP: 74442CDE1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247302.78    | 0.02%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| California School Finance Authority                                              | CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | CUSIP: 13058TME7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $229740.42    | 0.01%             | 2031-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Ruston LA Sales Tax Revenue                                              | RUSTON LA SALES TAX REVENUE                                  | CUSIP: 783116AP1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011996.08   | 0.07%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Educational Assistance Foundation                                     | NEW MEXICO ST EDUCTNL ASSISTANCE FNDTN                       | CUSIP: 647110FJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $97853.05     | 0.01%             | 2032-11-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| New York State Environmental Facilities Corp                                     | NEW YORK ST ENVRNMNTL FACS CORP SOL WST DISP REVENUE         | CUSIP: 649852AT7<br>LEI: 549300QJ33JJW73OQO60 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2328862.10   | 0.15%             | 2050-09-01      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority                                     | NEW YORK NY CITY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JSN9<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1526165.87   | 0.10%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Philadelphia Gas Works Co                                                        | PHILADELPHIA PA GAS WKS REVENUE                              | CUSIP: 7178238H4<br>LEI: 549300H8UJ7V5WU5IA90 | Long             | DBT              | MUN               | US        |    425000 | PA      | $432202.39    | 0.03%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $192580.99    | 0.01%             | 2031-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080TG6<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |    320000 | PA      | $313477.71    | 0.02%             | 2033-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Midland County Fresh Water Supply District No 1                                  | MIDLAND CNTY TX FRESH WTR SPLY DIST #1 REVENUE               | CUSIP: 597495AU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6235000 | PA      | $4784777.41   | 0.31%             | 2031-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Sartell-St Stephen Independent School District No 748                            | SARTELL MN INDEP SCH DIST #748                               | CUSIP: 803820LA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1450000 | PA      | $1076604.42   | 0.07%             | 2032-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | City & County of Denver CO Airport System Revenue            | CUSIP: 249182FL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2230103 | PA      | $2166267.37   | 0.14%             | 2032-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                                | PORT OF MORROW OR                                            | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17000000 | PA      | $17080433.29  | 1.11%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| San Rafael City Elementary School District                                       | SAN RAFAEL CA ELEM SCH DIST                                  | CUSIP: 799306ME2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6350000 | PA      | $5314899.90   | 0.35%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBW0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1315000 | PA      | $1315502.24   | 0.09%             | 2030-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914PK50<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $7058776.27   | 0.46%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allen County Port Authority                                                      | ALLEN CNTY OHIO PORT AUTH     ECONOMIC DEV REV               | CUSIP: 01757TAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $440457.79    | 0.03%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Compton Unified School District/CA                                               | COMPTON CA UNIF SCH DIST                                     | CUSIP: 204736FE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $737102.74    | 0.05%             | 2033-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218XS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2203349.72   | 0.14%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SCH REVENUE                      | CUSIP: 645912FV3<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    435000 | PA      | $428167.18    | 0.03%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | CUSIP: 744396FZ0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    650000 | PA      | $638047.07    | 0.04%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Public Finance Authority                                                   | TEXAS ST PUBLIC FIN AUTH                                     | CUSIP: 8827567Z6<br>LEI: 549300X9CH74QB747L76 | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1651312.99   | 0.11%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH T/E PRIVATE ACTIVITY REV  | CUSIP: 70868YAA7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3750000 | PA      | $3869414.51   | 0.25%             | 2029-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DEN8<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |  11185000 | PA      | $11550898.48  | 0.75%             | 2053-06-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Compton Unified School District/CA                                               | COMPTON CA UNIF SCH DIST                                     | CUSIP: 204736FF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $795292.83    | 0.05%             | 2034-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                        | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |     19968 | NS      | $19969.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp V                                  | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP V GAS SPLY REVENUE | CUSIP: 88256RAK2<br>LEI: 254900XZ4J30QIJO9G03 | Long             | DBT              | MUN               | US        |   8100000 | PA      | $8461926.71   | 0.55%             | 2055-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PLM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4563519.84   | 0.30%             | 2031-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698SR4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3690000 | PA      | $3685022.63   | 0.24%             | 2061-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Educational Facilities Authority                                      | NEW JERSEY ST EDUCTNL FACS AUTH REVENUE                      | CUSIP: 646066R44<br>LEI: 549300UTOO4X537XXG70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1550311.77   | 0.10%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $519789.65    | 0.03%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XC90<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1070000 | PA      | $1090247.41   | 0.07%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FHM0<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1746092.16   | 0.11%             | 2042-05-01      | Floating      | 4.32%                 | No            |                  2 | On Loan: No      |
| New Hope Cultural Education Facilities Finance Corp                              | NEW HOPE CULTURAL EDU FACS FINCORP TX EDU REVENUE            | CUSIP: 64542QBH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $314593.27    | 0.02%             | 2029-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                                | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBB2<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   9375000 | PA      | $9619025.91   | 0.63%             | 2053-05-01      | Floating      | 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        |   1250000 | PA      | $1298147.68   | 0.08%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Harbor Revenue                                             | LONG BEACH CA HARBOR REVENUE                                 | CUSIP: 542424UX2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    675000 | PA      | $688289.58    | 0.04%             | 2033-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | CUMBERLAND CNTY PA MUNI AUTH                                 | CUSIP: 230614LD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1510000 | PA      | $1520072.27   | 0.10%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Ohio                                                                    | OHIO ST PRIVATE ACTIVITY REVENUE                             | CUSIP: 67759YAM9<br>LEI: 5493005LEB5E170OMX59 | Long             | DBT              | MUN               | US        |   4585000 | PA      | $4594810.71   | 0.30%             | 2030-12-31      | 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: 64971XCL0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   4980000 | PA      | $5152242.96   | 0.34%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                      | UNIV OF NORTH CAROLINA NC AT CHAPEL HILL  REVENUE            | CUSIP: 914713U26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  17845000 | PA      | $17841619.44  | 1.16%             | 2041-12-01      | Floating      | 3.57%                 | 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        |    900000 | PA      | $900372.92    | 0.06%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564EK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $319720.85    | 0.02%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                      | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647MN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6329997.24   | 0.41%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palm Beach County Health Facilities Authority                                    | PALM BEACH CNTY FL HLTH FACS AUTH                            | CUSIP: 69650MAV1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19920000 | PA      | $20131570.92  | 1.31%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KEL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    540000 | PA      | $517181.51    | 0.03%             | 2030-05-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| County of Prince George's MD                                                     | PRINCE GEORGES CNTY MD SPL OBLG                              | CUSIP: 74172RBN6<br>LEI: 549300NSQ1W50I0VU811 | Long             | DBT              | MUN               | US        |    585000 | PA      | $591747.55    | 0.04%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois State Toll Highway Authority                                            | ILLINOIS ST TOLL HIGHWAY AUTH                                | CUSIP: 452252LF4<br>LEI: 549300ISBFGI8MJJKM98 | Long             | DBT              | MUN               | US        |  20000000 | PA      | $20055726.60  | 1.30%             | 2031-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B4G6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537679.79   | 0.10%             | 2030-06-01      | 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: 87638TGK3<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   9435000 | PA      | $9721985.34   | 0.63%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $471330.49    | 0.03%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XU33<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2085000 | PA      | $2129004.80   | 0.14%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Health Facilities Authority                                       | DELAWARE ST HLTH FACS AUTH REVENUE                           | CUSIP: 246388TG7<br>LEI: 549300RXU7M05ZYSJG42 | Long             | DBT              | MUN               | US        |   1370000 | PA      | $1283739.50   | 0.08%             | 2035-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                            | PENNSYLVANIA ST ECON DEV FING AUTH REVENUE                   | CUSIP: 70869PHV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  16500000 | PA      | $16587910.52  | 1.08%             | 2034-12-31      | 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      | $1068458.10   | 0.07%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603A66<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1735000 | PA      | $1669743.84   | 0.11%             | 2035-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                              | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 7087968D2<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   8890000 | PA      | $8328890.67   | 0.54%             | 2032-10-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Industrial Development Authority of the City of St Louis Missouri/The            | SAINT LOUIS MO INDL DEV AUTH FING REVENUE                    | CUSIP: 85236BAA0<br>LEI: 549300WTUL8KX1FOUZ40 | Long             | DBT              | MUN               | US        |    670000 | PA      | $639052.22    | 0.04%             | 2029-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                        | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528CZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12055000 | PA      | $12255160.38  | 0.80%             | 2030-05-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                               | CHICAGO IL                                                   | CUSIP: 167486H85<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |   1053000 | PA      | $1037244.29   | 0.07%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH WTR FACS REVENUE                 | CUSIP: 645780FL6<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $3531599.72   | 0.23%             | 2039-10-01      | Floating      | 2.20%                 | No            |                  2 | On Loan: No      |
| El Camino Community College District Fountation/The                              | EL CAMINO CA CMNTY CLG DIST                                  | CUSIP: 282726DS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   9090000 | PA      | $7691219.62   | 0.50%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA                                                          | PHILADELPHIA PA                                              | CUSIP: 717813VP1<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4633080.84   | 0.30%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chicago Transit Authority Capital Grant Receipts Revenue                         | CHICAGO IL TRANSIT AUTH CAPITAL GRANT RECPTS REVENUE         | CUSIP: 167723GY5<br>LEI: 549300CB8XLRGIPN3E12 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1018717.42   | 0.07%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mississippi Development Bank                                                     | MISSISSIPPI ST DEV BANK SPL OBLG                             | CUSIP: 60534T2L8<br>LEI: 549300122LOI8CB50V38 | Long             | DBT              | MUN               | US        |   2280000 | PA      | $2299628.73   | 0.15%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Northern Indiana Commuter Transportation District                                | NORTHERN INDIANA COMMUTER TRANSPRTN DIST INDL REVENUE        | CUSIP: 66528PAY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1420612.91   | 0.09%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225AK2<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    620000 | PA      | $673634.36    | 0.04%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP                                      | CUSIP: 340618DS3<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2505623.25   | 0.16%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $948352.10    | 0.06%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Double Branch Community Development District                                     | DOUBLE BRANCH FL CDD SPL ASSMNT                              | CUSIP: 25856MAU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1200384.25   | 0.08%             | 2031-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XT92<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2020000 | PA      | $2074917.82   | 0.13%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048T4C4<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1216744.54   | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Spring Lake Park MN                                                      | SPRING LAKE PARK MN CHRT SCH LEASE REVENUE                   | CUSIP: 849824AA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1005000 | PA      | $967192.50    | 0.06%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH REVENUE                          | CUSIP: 13048T4D2<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1064178.99   | 0.07%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Poway Unified School District                                                    | POWAY CA UNIF SCH DIST                                       | CUSIP: 738850QN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10000000 | PA      | $8370159.90   | 0.54%             | 2030-08-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                                | PORT OF MORROW OR                                            | CUSIP: 73473RDA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1205000 | PA      | $1200471.96   | 0.08%             | 2030-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116DJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $242574.16    | 0.02%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399DM5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |   1235000 | PA      | $1244674.45   | 0.08%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DCZ3<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   5360000 | PA      | $5335341.59   | 0.35%             | 2052-05-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                             | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FJX3<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2833325.97   | 0.18%             | 2037-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                              | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883ZP0<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1630000 | PA      | $1726764.22   | 0.11%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                        | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 4423487W2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3003625.02   | 0.20%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Turnpike Commission                                                 | PENNSYLVANIA ST TURNPIKE COMMISSION TURNPIKE REVENUE         | CUSIP: 709225AJ5<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |    800000 | PA      | $859193.42    | 0.06%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CQ5<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1242569.28   | 0.08%             | 2028-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KCV8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $362583.45    | 0.02%             | 2030-05-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Central Plains Energy Project                                                    | CENTRL PLAINS ENERGY PROJ NE GAS SPLY REVENUE                | CUSIP: 154872AT2<br>LEI: SVQOT7V5CPLIGNP5BE29 | Long             | DBT              | MUN               | US        |  14540000 | PA      | $14540894.06  | 0.95%             | 2049-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                         | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009EZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    950000 | PA      | $943878.26    | 0.06%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DEC2<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303078.76    | 0.02%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Kent DE                                                                | KENT CNTY DE STUDENT HSG & DINING FAC REVENUE                | CUSIP: 490237AD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    805000 | PA      | $806251.61    | 0.05%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783P75<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    550000 | PA      | $567985.07    | 0.04%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933G3<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    665000 | PA      | $689244.91    | 0.04%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XCF1<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |    600000 | PA      | $641224.96    | 0.04%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Higher Education and Health Authority                          | MONTGOMERY CNTY PA HGR EDU & HLTH AUTH                       | CUSIP: 613603A74<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1429236.83   | 0.09%             | 2036-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                         | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259NT29<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |  13000000 | PA      | $10398857.43  | 0.68%             | 2030-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ALR1<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1175000 | PA      | $1190494.04   | 0.08%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisiana Public Facilities Authority                                            | LOUISIANA PUB FACS AUTH REVENUE                              | CUSIP: 546399DN3<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    990000 | PA      | $996606.77    | 0.06%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389ZV3<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   6695000 | PA      | $6804015.96   | 0.44%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sarasota National Community Development District                                 | SARASOTA NATIONAL FL CDD SPL ASSMNT                          | CUSIP: 80342PAG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $945540.92    | 0.06%             | 2031-05-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH SPL FAC REVENUE                  | CUSIP: 64578CBV2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1740000 | PA      | $1741285.16   | 0.11%             | 2030-11-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI ARPT FACS REVENUE                         | CUSIP: 74443CAB9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1290000 | PA      | $1290033.86   | 0.08%             | 2028-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Arizona Industrial Development Authority                                         | ARIZONA ST INDL DEV AUTH EDU REVENUE                         | CUSIP: 04052BLX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    485000 | PA      | $467586.85    | 0.03%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914PK43<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1525000 | PA      | $1536471.13   | 0.10%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Illinois Municipal Electric Agency                                               | ILLINOIS ST MUNI ELEC AGY PWR SPLY                           | CUSIP: 452024JA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1499523.81   | 0.10%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Forsyth MT                                                               | FORSYTH MT POLL CONTROL REVENUE                              | CUSIP: 346668DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  10050000 | PA      | $9852031.78   | 0.64%             | 2031-03-01      | Floating      | 3.90%                 | No            |                  2 | On Loan: No      |
| Compton Unified School District/CA                                               | COMPTON CA UNIF SCH DIST                                     | CUSIP: 204736FH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $643237.38    | 0.04%             | 2036-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $466724.32    | 0.03%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Main Street Natural Gas Inc                                                      | MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE            | CUSIP: 56035DDH2<br>LEI: 549300NY5M0QVZ6X4U26 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3491784.07   | 0.23%             | 2052-07-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DEB4<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $303163.38    | 0.02%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| California Municipal Finance Authority                                           | CALIFORNIA ST MUNI FIN AUTH SPL FAC REVENUE                  | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $960965.27    | 0.06%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allentown City School District                                                   | ALLENTOWN PA CITY SCH DIST                                   | CUSIP: 018411UC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4232948.00   | 0.28%             | 2031-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City Of South Miami Health Facilities Authority Inc                              | S MIAMI FL HLTH FACS AUTH                                    | CUSIP: 838810DU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3245000 | PA      | $3354200.12   | 0.22%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Pier & Exposition Authority                                         | MET PIER & EXPOSITION AUTH IL REVENUE                        | CUSIP: 592250CR3<br>LEI: 254900I3VDCQ58UGBR15 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1431055.11   | 0.09%             | 2030-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  25000000 | PA      | $25467655.25  | 1.66%             | 2033-12-01      | 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: 414009HG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    460000 | PA      | $460438.83    | 0.03%             | 2028-01-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| University of South Alabama                                                      | UNIV OF SOUTH ALABAMA AL UNIV REVENUES                       | CUSIP: 914845QG0<br>LEI: 549300U394SOV3NGG049 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2039216.46   | 0.13%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45203HP30<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   8415000 | PA      | $8418789.19   | 0.55%             | 2031-11-15      | 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: 645790BR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1508660.90   | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                               | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1016134.26   | 0.07%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Allentown Neighborhood Improvement Zone Development Authority                    | ALLENTOWN PA NEIGHBORHOOD IMPT ZONE DEV AUTH TAX REVENUE     | CUSIP: 018444BS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $469299.65    | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                  | CUSIP: 95235TAM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105831.57    | 0.01%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Allegheny County Hospital Development Authority                                  | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A3R5<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3075000 | PA      | $3168329.42   | 0.21%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                  | CUSIP: 95235TAP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $190402.81    | 0.01%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Lakewood Ranch Stewardship District                                              | LAKEWOOD RANCH FL STEWARDSHIP DIST SPL ASSMNT REVENUE        | CUSIP: 51265KFF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    780000 | PA      | $791991.36    | 0.05%             | 2028-05-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                     | CUSIP: 63607DAB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  19170000 | PA      | $18050454.75  | 1.17%             | 2040-10-20      | Floating      | 4.15%                 | No            |                  2 | On Loan: No      |
| City of Atlanta GA Department of Aviation                                        | ATLANTA GA ARPT REVENUE                                      | CUSIP: 04780MD89<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4150000 | PA      | $4345524.80   | 0.28%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Park Creek Metropolitan District                                                 | PARK CREEK CO MET DIST REVENUE                               | CUSIP: 700387DF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1507761.05   | 0.10%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Commonwealth of Pennsylvania                                                     | PENNSYLVANIA ST                                              | CUSIP: 70914P3U4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7500000 | PA      | $8147925.00   | 0.53%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                                | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP REVENUE             | CUSIP: 762244FH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514418.87   | 0.10%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204EHQ4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1020072.02   | 0.07%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI REVENUE                                   | CUSIP: 74442PL60<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   4230000 | PA      | $4250882.79   | 0.28%             | 2041-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Socorro Independent School District                                              | SOCORRO TX INDEP SCH DIST                                    | CUSIP: 833715DL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3010685.34   | 0.20%             | 2034-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hempstead Town Local Development Corp                                            | HEMPSTEAD TOWN NY LOCAL DEV CORP REVENUE                     | CUSIP: 424682LA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $323352.26    | 0.02%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chandler Industrial Development Authority                                        | CHANDLER AZ INDL DEV AUTH INDL DEV REVENUE                   | CUSIP: 158862CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3570682.83   | 0.23%             | 2037-12-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| Territory of Guam                                                                | GUAM GOVT BUSINESS PRIVILEGE TAX REVENUE                     | CUSIP: 40065NCP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1308846.29   | 0.09%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI SOL WST DISP REVENUE                      | CUSIP: 74445MAA7<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $2980489.89   | 0.19%             | 2025-11-01      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| Birmingham-Jefferson Civic Center Authority                                      | BIRMINGHAM JEFFERSON AL CIVIC CTR AUTH SPL TAX               | CUSIP: 091156MH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1200806.64   | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                                | ILLINOIS ST                                                  | CUSIP: 452153AL3<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1595502.66   | 0.10%             | 2032-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783P42<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    350000 | PA      | $350580.55    | 0.02%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                               | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 735389ZW1<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6043905.48   | 0.39%             | 2034-05-01      | 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 INS  | CUSIP: 546275AF5<br>LEI: 5493004WIZ1HV87IVF85 | Long             | DBT              | MUN               | US        |   4700000 | PA      | $4835189.53   | 0.31%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742184B6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1025399.25   | 0.07%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City & County of Denver CO Airport System Revenue                                | DENVER CITY & CNTY CO ARPT REVENUE                           | CUSIP: 249182LD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  12780000 | PA      | $13421877.29  | 0.87%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York State Energy Research & Development Authority                           | NEW YORK ST ENERGY RESEARCH & DEV AUTH POLL CONTROL REVENUE  | CUSIP: 649845HD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4830723.95   | 0.31%             | 2029-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                  | CUSIP: 95235TAL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130814.93    | 0.01%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                     | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613ABC5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |  10165000 | PA      | $9744628.15   | 0.63%             | 2032-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| City of Baltimore MD                                                             | BALTIMORE MD CONVENTION CENTER HOTEL REVENUE                 | CUSIP: 05921PBX6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1254899.41   | 0.08%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Plaza Metropolitan District No 1                                                 | PLAZA CO MET DIST #1 REVENUE                                 | CUSIP: 72818QAV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5280000 | PA      | $5277036.76   | 0.34%             | 2025-12-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Village Community Development District No 15                                     | VILLAGE CDD NO 15 SPL ASSMNT REVENUE                         | CUSIP: 92708KAA5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $563169.01    | 0.04%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Waunakee Community School District                                               | WAUNAKEE WI CMNTY SCH DIST                                   | CUSIP: 943186PX8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11820000 | PA      | $11692310.43  | 0.76%             | 2030-04-01      | Fixed         | 3.63%                 | No            |                  2 | On Loan: No      |
| Health & Educational Facilities Authority of the State of Missouri               | MISSOURI ST HLTH & EDUCTNL FACS AUTH HLTH FACS REVENUE       | CUSIP: 60637ALS9<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |   1680000 | PA      | $1684464.16   | 0.11%             | 2032-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Oregon Health & Science University                                               | OREGON ST HLTH & SCIENCE UNIV REVENUE                        | CUSIP: 685869EP0<br>LEI: 549300XTWOAGON8L2G98 | Long             | DBT              | MUN               | US        |   7390000 | PA      | $7468047.42   | 0.49%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tennergy Corp/TN                                                                 | TENNERGY CORP TN GAS REVENUE                                 | CUSIP: 880397BW3<br>LEI: 5493008K3JJFBSC4C235 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $5976654.54   | 0.39%             | 2051-12-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp/RI                                             | TOBACCO SETTLEMENT FING CORP RI                              | CUSIP: 888809BB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4502640.15   | 0.29%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Higher Education Student Assistance Authority                         | NEW JERSEY ST HGR EDU ASSISTANCE AUTH STUDENT LOAN REVENUE   | CUSIP: 646080XX4<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5227413.20   | 0.34%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pittsburgh Water & Sewer Authority                                               | PITTSBURGH PA WTR & SWR AUTH                                 | CUSIP: 725304VT3<br>LEI: 54930034DVH6W22T1E86 | Long             | DBT              | MUN               | US        |    205000 | PA      | $222457.66    | 0.01%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Municipal Authority                                            | CUMBERLAND CNTY PA MUNI AUTH                                 | CUSIP: 230614TF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $385314.97    | 0.03%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH MTR VEHCL SURCHARGE REVENUE      | CUSIP: 64578JBC9<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   9855000 | PA      | $9459766.21   | 0.62%             | 2032-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                            | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A6B1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   5725000 | PA      | $5506267.04   | 0.36%             | 2065-01-01      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Orange County Convention Center/Orlando                                          | ORANGE CNTY FL TOURIST DEV TAX                               | CUSIP: 684545B39<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11470000 | PA      | $12407521.44  | 0.81%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                        | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B5V2<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1651152.47   | 0.11%             | 2029-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Educational Facilities Authority                             | PENNSYLVANIA ST HGR EDUCTNL FACS AUTH REVENUE                | CUSIP: 70917SXM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $430878.74    | 0.03%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                      | County of Broward FL Airport System Revenue                  | CUSIP: 114894RR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  20355002 | PA      | $20290417.85  | 1.32%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Homewood Educational Building Authority                                          | HOMEWOOD AL EDUCTNL BLDG AUTH REVENUE                        | CUSIP: 437887FZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1380000 | PA      | $1380851.76   | 0.09%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI RETMNT FAC REVENUE                        | CUSIP: 74444VAU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    970000 | PA      | $946598.32    | 0.06%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Capital Trust Agency Inc                                                         | CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | CUSIP: 14054CBT5<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |   1195000 | PA      | $1148857.49   | 0.07%             | 2029-06-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue                           | PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE            | CUSIP: 74529JQV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6477000 | PA      | $4428871.62   | 0.29%             | 2033-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago O'Hare International Airport                                             | CHICAGO IL O'HARE INTERNATIONAL ARPT REVENUE                 | CUSIP: 167593A28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6137408.28   | 0.40%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218XU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1401709.41   | 0.09%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                          | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358XAH5<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |    925000 | PA      | $953537.30    | 0.06%             | 2028-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SENIOR LIVING REVENUE                   | CUSIP: 63608SAH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $295578.37    | 0.02%             | 2029-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Portland ME General Airport Revenue                                      | PORTLAND ME ARPT REVENUE                                     | CUSIP: 736564EJ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $730488.79    | 0.05%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Washington State Housing Finance Commission                                      | WASHINGTON ST HSG FIN COMMISSION NONPROFIT HSG REVENUE       | CUSIP: 939783P67<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    350000 | PA      | $358342.59    | 0.02%             | 2027-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill                                      | UNIV OF NORTH CAROLINA NC AT CHAPEL HILL  REVENUE            | CUSIP: 914713U34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6998148.43   | 0.46%             | 2034-12-01      | Floating      | 3.57%                 | No            |                  2 | On Loan: No      |
| Clarion County Industrial Development Authority                                  | CLARION CNTY PA INDL DEV AUTH REVENUE                        | CUSIP: 18051VBJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4200000 | PA      | $3886480.71   | 0.25%             | 2039-12-01      | Floating      | 2.45%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                         | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116EZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2775000 | PA      | $2547109.42   | 0.17%             | 2031-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E6B9<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1840000 | PA      | $837200.00    | 0.05%             | 2029-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lancaster County Hospital Authority/PA                                           | LANCASTER CNTY PA HOSP AUTH                                  | CUSIP: 514045L35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2455883.94   | 0.16%             | 2030-08-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| New Mexico Educational Assistance Foundation                                     | NEW MEXICO ST EDUCTNL ASSISTANCE FNDTN                       | CUSIP: 647110FH3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $98493.49     | 0.01%             | 2031-09-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| New Jersey Health Care Facilities Financing Authority                            | NEW JERSEY ST HLTH CARE FACS FING AUTH REVENUE               | CUSIP: 645790BT2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1106052.39   | 0.07%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                         | PUBLIC FIN AUTH WI EDU REVENUE                               | CUSIP: 74442EHA1<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    695000 | PA      | $680304.32    | 0.04%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                   | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NBR0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8930000 | PA      | $8826182.77   | 0.57%             | 2051-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Montgomery County Industrial Development Authority/PA                            | MONTGOMERY CNTY PA INDL DEV AUTH EXEMPT FACS REVENUE         | CUSIP: 61361TAA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5033615.10   | 0.33%             | 2053-04-01      | Floating      | 4.10%                 | No            |                  2 | On Loan: No      |
| California Health Facilities Financing Authority                                 | CALIFORNIA ST HLTH FACS FING AUTH REVENUE                    | CUSIP: 13032URF7<br>LEI: 5493007RI8BUDOGHZ546 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1671262.34   | 0.11%             | 2032-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Detroit MI                                                               | DETROIT MI                                                   | CUSIP: 2510933J7<br>LEI: 549300BQRJP7MKKHOY28 | Long             | DBT              | MUN               | US        |    510000 | PA      | $524915.06    | 0.03%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REV                  | CUSIP: 20774YZ91<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    400000 | PA      | $406323.94    | 0.03%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 5742184C4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    775000 | PA      | $792952.15    | 0.05%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                         | NATIONAL FIN AUTH NH SENIOR LIVING REVENUE                   | CUSIP: 63608SAJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $273334.21    | 0.02%             | 2030-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chicago Housing Authority                                                        | CHICAGO IL HSG AUTH                                          | CUSIP: 16753QAN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3075300.06   | 0.20%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DeSoto Independent School District                                               | DESOTO TX INDEP SCH DIST                                     | CUSIP: 241722FT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3980000 | PA      | $4264371.16   | 0.28%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XU41<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2036997.68   | 0.13%             | 2035-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| West Cornwall Township Municipal Authority                                       | W CORNWALL TWP PA MUNI AUTH                                  | CUSIP: 95235TAN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $138898.67    | 0.01%             | 2029-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Maryland Health & Higher Educational Facilities Authority                        | MARYLAND ST HLTH & HGR EDUCTNL FACS AUTH REVENUE             | CUSIP: 574218XW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1201263.06   | 0.08%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Florida Development Finance Corp                                                 | FLORIDA ST DEV FIN CORP SOL WST DISP REVENUE                 | CUSIP: 34061XAD4<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   2665000 | PA      | $2336383.09   | 0.15%             | 2032-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| St Johns County Industrial Development Authority                                 | SAINT JOHNS CNTY FL INDL DEV AUTH SENIOR LIVING REVENUE      | CUSIP: 79041LAK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    195000 | PA      | $185274.83    | 0.01%             | 2030-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                          | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2028560.80   | 0.13%             | 2032-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DED0<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $301694.94    | 0.02%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Norman Y Mineta San Jose International Airport SJC                               | SAN JOSE CA ARPT REVENUE                                     | CUSIP: 798136VN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1259332.66   | 0.08%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| St Louis Land Clearance for Redevelopment Authority                              | SAINT LOUIS MO LAND CLEARANCEREDEV AUTH SPL REVENUE          | CUSIP: 79165YAB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    345000 | PA      | $331521.83    | 0.02%             | 2035-10-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Massachusetts Development Finance Agency                                         | MASSACHUSETTS ST DEV FIN AGY REVENUE                         | CUSIP: 57584XU25<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1537063.98   | 0.10%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hoover Industrial Development Board                                              | HOOVER AL INDL DEV BRD ENVNMNTL IMPT REVENUE                 | CUSIP: 439241AB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1965000 | PA      | $2169581.46   | 0.14%             | 2050-11-01      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                        | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576LM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2980000 | PA      | $3138024.90   | 0.20%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Harbor Revenue                                             | LONG BEACH CA HARBOR REVENUE                                 | CUSIP: 542424UW4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1800000 | PA      | $1838256.86   | 0.12%             | 2032-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Nueces TX                                                              | NUECES CNTY TX                                               | CUSIP: 670386RD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    725000 | PA      | $730501.11    | 0.05%             | 2035-02-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Charlotte NC                                                             | CHARLOTTE NC                                                 | CUSIP: 161035LE8<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    330000 | PA      | $349185.40    | 0.02%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                       | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204E5W4<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    425000 | PA      | $193375.00    | 0.01%             | 2024-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| County of Miami-Dade FL                                                          | MIAMI-DADE CNTY FL SPL OBLIG                                 | CUSIP: 59333ND83<br>LEI: 549300QG0NBD9HULR263 | Long             | DBT              | MUN               | US        |   6690000 | PA      | $6693051.71   | 0.44%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                      | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DEF5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |    425000 | PA      | $425452.68    | 0.03%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Long Beach CA Harbor Revenue                                             | LONG BEACH CA HARBOR REVENUE                                 | CUSIP: 542424UV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1224361.08   | 0.08%             | 2031-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wayne County Hospital & Health Facilities Authority                              | WAYNE CNTY PA HOSP & HLTH FACS AUTH CNTY GTD HOSP REVENUE    | CUSIP: 946016JV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    440000 | PA      | $430709.85    | 0.03%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Virginia Commonwealth Transportation Board                                       | VIRGINIA ST CMWLTH TRANSPRTN BRD FEDERAL TRANSPRTRN GRANT    | CUSIP: 92778UBC3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5100523.00   | 0.33%             | 2030-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** BlackRock Municipal 2030 Target Term Trust

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer