# EDGAR Filing Document

**Accession Number:** 0000225635
**File Stem:** 0001410368-26-054481
**Filing Date:** 2026-5
**Character Count:** 139906
**Document Hash:** e0105f418acbe0fcf7bda9d528c03e0c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-054481.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001410368-26-054481

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BLACKROCK MUNICIPAL BOND FUND, INC.
- **CENTRAL INDEX KEY:** 0000225635

**ORGANIZATION NAME:**
- **EIN:** 132896246
- **STATE OF INCORPORATION:** NJ
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-02688
- **FILM NUMBER:** 261030882

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800-441-7762

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONE LIBERTY MUNICIPAL BOND FUND INC
- **DATE OF NAME CHANGE:** 19780622

## Series and Classes Contracts Data

### BlackRock Short Duration Muni Fund (Series ID: S000002335)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000006122 | Investor A1    |  |
| C000006124 | Investor C     |  |
| C000006125 | Institutional  |  |
| C000038034 | Investor A     |  |
| C000038035 | Class K Shares |  |

## Nport-Ex

March 31, 2026

2026 Quarterly Report <br>&nbsp;&nbsp;&nbsp;&nbsp;(Unaudited)<br>

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

---

| |
|:---|
| **BlackRock Municipal Bond Fund, Inc.** |
| • BlackRock Short Duration Muni Fund |

---

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

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

------

Schedule of Investments (unaudited)

March 31, 2026

**BlackRock Short Duration Muni Fund** 

**(formerly known as BlackRock Short-Term Municipal Fund)**

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

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par* <br>*(000)*<br>| *Value* |
| **Municipal Bonds** | **Municipal Bonds** | **Municipal Bonds** |
| **Alabama — 11.3%** | **Alabama — 11.3%** |  |
| Black Belt Energy Gas District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 12/01/34 | $1675 | &nbsp;&nbsp; $1747467 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54<sup>(a)</sup> | 2000 | &nbsp;&nbsp; 2121206 |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 05/01/55<sup>(a)</sup> | 1700 | &nbsp;&nbsp; 1747501 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/34 | 2450 | &nbsp;&nbsp; 2614223 |
| &nbsp;&nbsp;&nbsp; Series C-1, 5.25%, 02/01/53<sup>(a)</sup> | 8570 | &nbsp;&nbsp; 8990546 |
| &nbsp;&nbsp;&nbsp; Series F, 5.25%, 12/01/26 | 5140 | &nbsp;&nbsp; 5202689 |
| &nbsp;&nbsp;&nbsp; Series G, 5.00%, 10/01/35 | 3055 | &nbsp;&nbsp; 3182072 |
| &nbsp;&nbsp;&nbsp; Black Belt Energy Gas District, Refunding RB, Series D2, <br> 3.83%, 07/01/52<sup>(a)</sup><br>| 2650 | &nbsp;&nbsp; 2661345 |
| &nbsp;&nbsp;&nbsp; County of Jefferson Alabama Sewer Revenue, Refunding <br> RB, 5.00%, 10/01/29<br>| 1250 | &nbsp;&nbsp; 1331447 |
| Energy Southeast A Cooperative District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/26 | 100 | &nbsp;&nbsp; 101209 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 06/01/27 | 115 | &nbsp;&nbsp; 117244 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/27 | 100 | &nbsp;&nbsp; 102812 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 06/01/28 | 240 | &nbsp;&nbsp; 248064 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 12/01/28 | 250 | &nbsp;&nbsp; 260228 |
| &nbsp;&nbsp;&nbsp; Southeast Energy Authority A Cooperative District RB, <br> 4.24%, 05/01/53<sup>(a)</sup><br>| 2950 | &nbsp;&nbsp; 2988688 |
| Southeast Energy Authority A Cooperative District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.25%, 01/01/54<sup>(a)</sup> | 5700 | &nbsp;&nbsp; 5978286 |
| &nbsp;&nbsp;&nbsp; Series A-1, 5.00%, 12/01/26 | 1000 | &nbsp;&nbsp; 1012087 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 01/01/54<sup>(a)</sup> | 10000 | &nbsp;&nbsp; 10494151 |
| &nbsp;&nbsp;&nbsp; Series E, 5.00%, 10/01/30 | 5485 | &nbsp;&nbsp; 5819959 |
|  |  | &nbsp;&nbsp; 56721224 |
| **Arizona — 1.8%** | **Arizona — 1.8%** |  |
| &nbsp;&nbsp;&nbsp; Arizona Department of Transportation State Highway <br> Fund Revenue, Refunding RB, 5.00%, 07/01/34<br>| 285 | &nbsp;&nbsp; 286706 |
| &nbsp;&nbsp;&nbsp; Arizona Health Facilities Authority, RB, Series B, 2.67%, <br> 01/01/46<sup>(a)</sup><br>| 4770 | &nbsp;&nbsp; 4742215 |
| &nbsp;&nbsp;&nbsp; Chandler Industrial Development Authority, RB, AMT, <br> 4.00%, 06/01/49<sup>(a)</sup><br>| 3300 | &nbsp;&nbsp; 3341981 |
| Salt Verde Financial Corp., RB, 5.50%, 12/01/29 | 830 | &nbsp;&nbsp; 881772 |
|  |  | &nbsp;&nbsp; 9252674 |
| **California — 6.0%** | **California — 6.0%** |  |
| &nbsp;&nbsp;&nbsp; California Community Choice Financing Authority, RB, <br> Sustainability Bonds, 4.40%, 12/01/53<sup>(a)</sup><br>| 7000 | &nbsp;&nbsp; 7134675 |
| &nbsp;&nbsp;&nbsp; California Housing Finance Agency, RB, M/F Housing, <br> 3.60%, 12/01/26<sup>(a)(b)</sup><br>| 5000 | &nbsp;&nbsp; 4999843 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> RB, Class C, AMT, 3.50%, 01/01/65<sup>(a)(c)</sup><br>| 4775 | &nbsp;&nbsp; 4777253 |
| &nbsp;&nbsp;&nbsp; California Infrastructure & Economic Development Bank, <br> Refunding RB, Class B, AMT, Sustainability Bonds, <br> 12.00%, 01/01/65<sup>(a)(c)</sup><br>| 3185 | &nbsp;&nbsp; 1688050 |
| &nbsp;&nbsp;&nbsp; California Pollution Control Financing Authority, RB, <br> Series A, AMT, 4.25%, 07/01/31<sup>(a)</sup><br>| 2475 | &nbsp;&nbsp; 2504806 |
| &nbsp;&nbsp;&nbsp; California Pollution Control Financing Authority, <br> Refunding RB, AMT, 2.88%, 07/01/43<sup>(a)(c)</sup><br>| 490 | &nbsp;&nbsp; 489344 |
| &nbsp;&nbsp;&nbsp; California Statewide Communities Development <br> Authority, RB, 5.00%, 10/01/28<sup>(c)</sup><br>| 2000 | &nbsp;&nbsp; 2100347 |
| City of Los Angeles Department of Airports, ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 05/15/29 | 625 | &nbsp;&nbsp; 626496 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 05/15/30 | 570 | &nbsp;&nbsp; 571313 |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 05/15/35 | 985 | &nbsp;&nbsp; 986745 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **California (continued)** | **California (continued)** |  |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, Refunding <br> ARB, Series A, AMT, Sustainability Bonds, 5.00%, <br> 05/15/34<br>| 1000 | &nbsp;&nbsp; $1114419 |
| &nbsp;&nbsp;&nbsp; City of Los Angeles Department of Airports, Refunding <br> RB, Series F, AMT, Subordinate, 5.00%, 05/15/34<br>| 2180 | &nbsp;&nbsp; 2429434 |
| &nbsp;&nbsp;&nbsp; San Francisco City & County Airport Comm-San <br> Francisco International Airport, Refunding ARB, <br> Series A, AMT, 5.00%, 05/01/33<br>| 950 | &nbsp;&nbsp; 1045383 |
|  |  | &nbsp;&nbsp; 30468108 |
| **Colorado — 4.4%** | **Colorado — 4.4%** |  |
| Colorado Health Facilities Authority, RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Class A, 5.00%, 11/15/60 | 1500 | &nbsp;&nbsp; 1619024 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/59 | 4385 | &nbsp;&nbsp; 4692646 |
| &nbsp;&nbsp;&nbsp; Series B-2, 5.00%, 08/01/49 | 4715 | &nbsp;&nbsp; 4719782 |
| &nbsp;&nbsp;&nbsp; Colorado Health Facilities Authority, Refunding RB, <br> Series A, 5.00%, 09/01/35<br>| 545 | &nbsp;&nbsp; 599566 |
| &nbsp;&nbsp;&nbsp; Colorado State Education Loan Program, REVENUE <br> NOTES, 5.00%, 06/30/26<br>| 6320 | &nbsp;&nbsp; 6358483 |
| &nbsp;&nbsp;&nbsp; Denver City & County Housing Authority, RB, M/F <br> Housing, Class A, 5.00%, 06/01/29<br>| 820 | &nbsp;&nbsp; 854791 |
| &nbsp;&nbsp;&nbsp; Denver City & County School District No. 1, GO, (SAW), <br> 5.00%, 12/01/35<br>| 3355 | &nbsp;&nbsp; 3402340 |
|  |  | &nbsp;&nbsp; 22246632 |
| **Connecticut — 1.2%** | **Connecticut — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Connecticut State Health & Educational Facilities <br> Authority, Refunding RB, Series B, 5.00%, 07/01/49<sup>(a)</sup><br>| 5000 | &nbsp;&nbsp; 5320686 |
| State of Connecticut, GO, Series A, 5.00%, 03/15/35 | 770 | &nbsp;&nbsp; 882886 |
|  |  | &nbsp;&nbsp; 6203572 |
| **Delaware — 0.1%** | **Delaware — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Delaware State Economic Development Authority, <br> Refunding RB, Series A, 4.00%, 10/01/45<sup>(a)</sup><br>| 560 | &nbsp;&nbsp; 550864 |
| **District of Columbia — 0.9%** | **District of Columbia — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; District of Columbia, RB, Series A, AMT, Sustainability <br> Bonds, 5.00%, 02/28/27<br>| 865 | &nbsp;&nbsp; 876928 |
| &nbsp;&nbsp;&nbsp; Metropolitan Washington Airports Authority Aviation <br> Revenue, Refunding ARB, Series A, AMT, 5.00%, <br> 10/01/34<br>| 1595 | &nbsp;&nbsp; 1764579 |
| &nbsp;&nbsp;&nbsp; Washington Metropolitan Area Transit Authority, RB, <br> Series B, 5.00%, 07/01/34<br>| 1790 | &nbsp;&nbsp; 1827542 |
|  |  | &nbsp;&nbsp; 4469049 |
| **Florida — 1.2%** | **Florida — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; County of Broward Florida Airport System Revenue, <br> ARB, Series A, AMT, 5.00%, 10/01/28<br>| 3000 | &nbsp;&nbsp; 3005482 |
| &nbsp;&nbsp;&nbsp; Greater Orlando Aviation Authority, ARB, Series A, AMT, <br> 5.00%, 10/01/30<br>| 1335 | &nbsp;&nbsp; 1417030 |
| &nbsp;&nbsp;&nbsp; Hillsborough County Industrial Development Authority, <br> Refunding RB, Series C, 5.00%, 11/15/34<br>| 290 | &nbsp;&nbsp; 327611 |
| &nbsp;&nbsp;&nbsp; Miami-Dade County Expressway Authority, Refunding <br> RB, Series B, 5.00%, 07/01/30<br>| 410 | &nbsp;&nbsp; 410631 |
| &nbsp;&nbsp;&nbsp; School District of Broward County, Refunding COP, <br> Series A, 5.00%, 07/01/32<br>| 405 | &nbsp;&nbsp; 407424 |
| &nbsp;&nbsp;&nbsp; South Floridaorida Water Management District, <br> Refunding COP, 5.00%, 10/01/28<br>| 565 | &nbsp;&nbsp; 565000 |
|  |  | &nbsp;&nbsp; 6133178 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Short Duration Muni Fund** 

**(formerly known as BlackRock Short-Term Municipal Fund)**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Georgia — 2.6%** | **Georgia — 2.6%** |  |
| &nbsp;&nbsp;&nbsp; Development Authority of Burke County, RB, 3.38%, <br> 11/01/48<sup>(a)</sup><br>| $180 | &nbsp;&nbsp; $180565 |
| &nbsp;&nbsp;&nbsp; Georgia Housing & Finance Authority, RB, S/F Housing, <br> Series E, (FHLMC, FNMA, GNMA), 3.95%, 06/01/35<br>| 445 | &nbsp;&nbsp; 446336 |
| Main Street Natural Gas, Inc., RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/01/53 | 5000 | &nbsp;&nbsp; 5231714 |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 07/01/53 | 7045 | &nbsp;&nbsp; 7386953 |
|  |  | &nbsp;&nbsp; 13245568 |
| **Idaho**<sup>(a)</sup> **— 1.1%** | **Idaho**<sup>(a)</sup> **— 1.1%** |  |
| Idaho Health Facilities Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 2.63%, 12/01/48 | 280 | &nbsp;&nbsp; 279946 |
| &nbsp;&nbsp;&nbsp; Class C, 5.00%, 03/01/60 | 4650 | &nbsp;&nbsp; 5006192 |
|  |  | &nbsp;&nbsp; 5286138 |
| **Illinois — 1.4%** | **Illinois — 1.4%** |  |
| &nbsp;&nbsp;&nbsp; City of Chicago Illinois, Refunding GO, Series A, 5.00%, <br> 01/01/27<br>| 655 | &nbsp;&nbsp; 661349 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, RB, Series A, Sustainability <br> Bonds, 5.00%, 01/01/35<br>| 1250 | &nbsp;&nbsp; 1425393 |
| &nbsp;&nbsp;&nbsp; Illinois Finance Authority, Refunding RB, Series B, <br> 3.12%, 05/01/42<sup>(a)</sup><br>| 1000 | &nbsp;&nbsp; 999376 |
| Illinois Housing Development Authority, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series G, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 5.50%, 04/01/28<br>| 300 | &nbsp;&nbsp; 315664 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series G, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 5.50%, 10/01/28<br>| 250 | &nbsp;&nbsp; 266053 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series G, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 5.50%, 04/01/29<br>| 355 | &nbsp;&nbsp; 381273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series G, Sustainability Bonds, (FHLMC, FNMA, <br> GNMA), 5.50%, 10/01/29<br>| 375 | &nbsp;&nbsp; 406684 |
| &nbsp;&nbsp;&nbsp; Rock Island County School District No. 41 Rock <br> Island/Milan, GO, Series A, (AGM), 5.00%, 01/01/31<br>| 125 | &nbsp;&nbsp; 135107 |
| State of Illinois, GO, Series D, 5.00%, 11/01/28 | 2380 | &nbsp;&nbsp; 2450428 |
|  |  | &nbsp;&nbsp; 7041327 |
| **Indiana — 1.8%** | **Indiana — 1.8%** |  |
| &nbsp;&nbsp;&nbsp; Indiana Finance Authority, RB, Sustainability Bonds, <br> 5.00%, 10/01/34<br>| 1725 | &nbsp;&nbsp; 1739037 |
| Indiana Finance Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 02/01/35 | 750 | &nbsp;&nbsp; 858197 |
| &nbsp;&nbsp;&nbsp; Series D-3, 5.00%, 10/01/59<sup>(a)</sup> | 6000 | &nbsp;&nbsp; 6634297 |
|  |  | &nbsp;&nbsp; 9231531 |
| **Kansas — 0.1%** | **Kansas — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; University of Kansas Hospital Authority, Refunding RB, <br> Class B, 03/01/55<sup>(a)(d)</sup><br>| 685 | &nbsp;&nbsp; 730948 |
| **Kentucky — 1.2%** | **Kentucky — 1.2%** |  |
| &nbsp;&nbsp;&nbsp; Kentucky Public Energy Authority, Refunding RB, <br> Series A, 5.25%, 06/01/55<sup>(a)</sup><br>| 2585 | &nbsp;&nbsp; 2735656 |
| &nbsp;&nbsp;&nbsp; Louisville/Jefferson County Metropolitan Government, <br> Refunding RB, Series I, 5.00%, 10/01/30<br>| 3395 | &nbsp;&nbsp; 3425398 |
|  |  | &nbsp;&nbsp; 6161054 |
| **Maryland — 0.9%** | **Maryland — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Maryland Economic Development Corp., Refunding RB, <br> Series A, 5.00%, 06/01/35<br>| 1000 | &nbsp;&nbsp; 1026115 |
| &nbsp;&nbsp;&nbsp; Montgomery County Housing Opportunities Commission, <br> RB, M/F Housing, Series A, 3.85%, 07/01/34<br>| 3435 | &nbsp;&nbsp; 3482363 |
|  |  | &nbsp;&nbsp; 4508478 |
| **Massachusetts — 0.8%** | **Massachusetts — 0.8%** |  |
| Massachusetts Educational Financing Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 07/01/26 | 1000 | &nbsp;&nbsp; 1004448 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Massachusetts (continued)** | **Massachusetts (continued)** |  |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority, <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, AMT, 5.00%, 07/01/26 | 1250 | &nbsp;&nbsp; $1255561 |
| &nbsp;&nbsp;&nbsp; Massachusetts Educational Financing Authority, <br> Refunding RB, Series B, AMT, 5.00%, 07/01/28<br>| 500 | &nbsp;&nbsp; 517375 |
| &nbsp;&nbsp;&nbsp; Massachusetts Housing Finance Agency, RB, M/F <br> Housing, Series C2, Sustainability Bonds, (HUD <br> SECT 8), 4.00%, 12/01/27<br>| 1005 | &nbsp;&nbsp; 1008954 |
|  |  | &nbsp;&nbsp; 3786338 |
| **Michigan — 3.5%** | **Michigan — 3.5%** |  |
| &nbsp;&nbsp;&nbsp; Michigan State Building Authority, Refunding RB, <br> Series I, 5.00%, 10/15/32<br>| 910 | &nbsp;&nbsp; 920061 |
| &nbsp;&nbsp;&nbsp; Michigan State Hospital Finance Authority, Refunding <br> RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B-1, 5.00%, 08/15/55 | 1385 | &nbsp;&nbsp; 1510948 |
| &nbsp;&nbsp;&nbsp; Series B2, 5.00%, 08/15/55 | 2725 | &nbsp;&nbsp; 3015415 |
| &nbsp;&nbsp;&nbsp; Michigan State Housing Development Authority, RB, S/F <br> Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 3.55%, 12/01/33 | 1885 | &nbsp;&nbsp; 1853504 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 3.60%, 06/01/34 | 1665 | &nbsp;&nbsp; 1646787 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 3.70%, 12/01/34 | 1130 | &nbsp;&nbsp; 1117896 |
| &nbsp;&nbsp;&nbsp; Series C, Sustainability Bonds, 3.85%, 06/01/35 | 1100 | &nbsp;&nbsp; 1087752 |
| Michigan Strategic Fund, RB, AMT, 5.00%, 06/30/29 | 6015 | &nbsp;&nbsp; 6228926 |
|  |  | &nbsp;&nbsp; 17381289 |
| **Missouri — 0.9%** | **Missouri — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; Kansas City Industrial Development Authority, ARB, <br> Series A, AMT, 5.00%, 03/01/30<br>| 4200 | &nbsp;&nbsp; 4392743 |
| **Nevada**<sup>(a)</sup> **— 2.2%** | **Nevada**<sup>(a)</sup> **— 2.2%** |  |
| County of Washoe Nevada, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series B, 3.63%, 03/01/36 | 3725 | &nbsp;&nbsp; 3748306 |
| &nbsp;&nbsp;&nbsp; Series C, 4.13%, 03/01/36 | 2000 | &nbsp;&nbsp; 2025452 |
| &nbsp;&nbsp;&nbsp; Series F, 4.13%, 03/01/36 | 5030 | &nbsp;&nbsp; 5094010 |
|  |  | &nbsp;&nbsp; 10867768 |
| **New Hampshire — 0.6%** | **New Hampshire — 0.6%** |  |
| &nbsp;&nbsp;&nbsp; New Hampshire Business Finance Authority, RB, M/F <br> Housing, Series 1, Sustainability Bonds, 4.13%, <br> 04/20/43<sup>(a)</sup><br>| 2840 | &nbsp;&nbsp; 2759319 |
| **New Jersey — 9.0%** | **New Jersey — 9.0%** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, RB, <br> 5.00%, 06/15/29<br>| 1000 | &nbsp;&nbsp; 1070272 |
| &nbsp;&nbsp;&nbsp; New Jersey Economic Development Authority, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B, 5.00%, 11/01/26 | 10620 | &nbsp;&nbsp; 10770459 |
| &nbsp;&nbsp;&nbsp; Series RRR, 5.00%, 03/01/28 | 6000 | &nbsp;&nbsp; 6271386 |
| &nbsp;&nbsp;&nbsp; New Jersey Higher Education Student Assistance <br> Authority, Refunding RB, Series 1A, AMT, 5.00%, <br> 12/01/33<br>| 2550 | &nbsp;&nbsp; 2719625 |
| &nbsp;&nbsp;&nbsp; New Jersey Housing & Mortgage Finance Agency, RB, <br> M/F Housing, Series B, Sustainability Bonds, (HUD <br> SECT 8), 3.50%, 05/01/29<br>| 3120 | &nbsp;&nbsp; 3153340 |
| &nbsp;&nbsp;&nbsp; New Jersey Housing & Mortgage Finance Agency, RB, <br> S/F Housing<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series M, Sustainability Bonds, 4.05%, 04/01/33 | 640 | &nbsp;&nbsp; 646517 |
| &nbsp;&nbsp;&nbsp; Series M, Sustainability Bonds, 4.10%, 10/01/33 | 665 | &nbsp;&nbsp; 677662 |
| &nbsp;&nbsp;&nbsp; Series M, Sustainability Bonds, 4.20%, 04/01/34 | 2160 | &nbsp;&nbsp; 2201617 |
| &nbsp;&nbsp;&nbsp; Series M, Sustainability Bonds, 4.20%, 10/01/34 | 830 | &nbsp;&nbsp; 846006 |
| New Jersey Transportation Trust Fund Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/28<sup>(b)</sup> | 1425 | &nbsp;&nbsp; 1518632 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Short Duration Muni Fund** 

**(formerly known as BlackRock Short-Term Municipal Fund)**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New Jersey (continued)** | **New Jersey (continued)** |  |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, <br> RB (continued)<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 06/15/30 | 6000 | &nbsp;&nbsp; $6025109 |
| &nbsp;&nbsp;&nbsp; Series A, 0.00%, 12/15/34<sup>(e)</sup> | 2985 | &nbsp;&nbsp; 2179389 |
| &nbsp;&nbsp;&nbsp; Series BB, 5.00%, 06/15/29 | 1570 | &nbsp;&nbsp; 1664570 |
| &nbsp;&nbsp;&nbsp; New Jersey Transportation Trust Fund Authority, <br> Refunding RB, Series A, 5.00%, 06/15/31<br>| 4360 | &nbsp;&nbsp; 4377195 |
| &nbsp;&nbsp;&nbsp; Tobacco Settlement Financing Corp., Refunding RB, <br> Series A, 5.00%, 06/01/29<br>| 1355 | &nbsp;&nbsp; 1408462 |
|  |  | &nbsp;&nbsp; 45530241 |
| **New Mexico**<sup>(a)</sup> **— 1.1%** | **New Mexico**<sup>(a)</sup> **— 1.1%** |  |
| &nbsp;&nbsp;&nbsp; City of Farmington New Mexico, Refunding RB, Series C, <br> 3.88%, 06/01/40<br>| 5115 | &nbsp;&nbsp; 5230257 |
| &nbsp;&nbsp;&nbsp; New Mexico Mortgage Finance Authority, RB, M/F <br> Housing, (HUD SECT 8), 2.92%, 02/01/42<br>| 350 | &nbsp;&nbsp; 349988 |
|  |  | &nbsp;&nbsp; 5580245 |
| **New York — 10.1%** | **New York — 10.1%** |  |
| City of New York, GO, Series G-1, 5.00%, 02/01/35 | 2250 | &nbsp;&nbsp; 2541398 |
| &nbsp;&nbsp;&nbsp; City of New York, Refunding GO, Sub-Series F-1, <br> 08/01/35<sup>(d)</sup><br>| 1000 | &nbsp;&nbsp; 1131096 |
| &nbsp;&nbsp;&nbsp; Metropolitan Transportation Authority Dedicated Tax <br> Fund, Refunding RB, Sub-Series B-1, Sustainability <br> Bonds, 5.00%, 11/15/31<br>| 275 | &nbsp;&nbsp; 278486 |
| Metropolitan Transportation Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 11/15/34 | 2500 | &nbsp;&nbsp; 2852673 |
| &nbsp;&nbsp;&nbsp; Series D, 5.00%, 11/15/27 | 4630 | &nbsp;&nbsp; 4689087 |
| &nbsp;&nbsp;&nbsp; New York City Housing Development Corp., RB, M/F <br> Housing<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Sustainability Bonds, 3.25%, 11/01/65 | 3250 | &nbsp;&nbsp; 3255762 |
| &nbsp;&nbsp;&nbsp; Seires A-2, Sustainability Bonds, 3.70%, 05/01/63 | 5000 | &nbsp;&nbsp; 5001643 |
| &nbsp;&nbsp;&nbsp; Series C-2, Sustainability Bonds, 3.75%, 05/01/65 | 2435 | &nbsp;&nbsp; 2465984 |
| &nbsp;&nbsp;&nbsp; Series E-2, Sustainability Bonds, 3.80%, 11/01/63 | 1000 | &nbsp;&nbsp; 1008408 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, Subordinate, 5.00%, 05/01/35 | 1270 | &nbsp;&nbsp; 1440197 |
| &nbsp;&nbsp;&nbsp; Series A2, Subordinate, 5.00%, 05/01/35 | 1600 | &nbsp;&nbsp; 1684583 |
| &nbsp;&nbsp;&nbsp; New York City Transitional Finance Authority Future Tax <br> Secured Revenue, Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Subordinate, 5.00%, 11/01/30 | 2000 | &nbsp;&nbsp; 2192792 |
| &nbsp;&nbsp;&nbsp; Series A-1, Subordinate, 5.00%, 11/01/34 | 1825 | &nbsp;&nbsp; 2067604 |
| New York State Dormitory Authority, RB |  |  |
| &nbsp;&nbsp;&nbsp; Class A, (AGM SAW), 5.00%, 10/01/34 | 1500 | &nbsp;&nbsp; 1725121 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/35 | 500 | &nbsp;&nbsp; 504603 |
| &nbsp;&nbsp;&nbsp; New York State Housing Finance Agency, RB, M/F <br> Housing<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; Series A-1, 3.60%, 11/01/44 | 2500 | &nbsp;&nbsp; 2508897 |
| &nbsp;&nbsp;&nbsp; Series A-2, Sustainability Bonds, 3.45%, 06/15/54 | 4000 | &nbsp;&nbsp; 4024091 |
| New York Transportation Development Corp., ARB |  |  |
| &nbsp;&nbsp;&nbsp; AMT, 5.00%, 12/01/31 | 3000 | &nbsp;&nbsp; 3228267 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/30 | 995 | &nbsp;&nbsp; 995954 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 5.00%, 07/01/34 | 1000 | &nbsp;&nbsp; 1000768 |
| &nbsp;&nbsp;&nbsp; New York Transportation Development Corp., RB, AMT, <br> 4.00%, 10/01/30<br>| 3750 | &nbsp;&nbsp; 3809263 |
| &nbsp;&nbsp;&nbsp; Port Authority of New York & New Jersey, Refunding <br> ARB, Series 207, AMT, 5.00%, 09/15/29<br>| 1000 | &nbsp;&nbsp; 1035450 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **New York (continued)** | **New York (continued)** |  |
| &nbsp;&nbsp;&nbsp; Suffolk Tobacco Asset Securitization Corp., Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/30 | 475 | &nbsp;&nbsp; $509145 |
| &nbsp;&nbsp;&nbsp; 5.00%, 06/01/31 | 975 | &nbsp;&nbsp; 1058298 |
|  |  | &nbsp;&nbsp; 51009570 |
| **North Carolina — 1.3%** | **North Carolina — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; Cumberland County Industrial Facilities & Pollution <br> Control Financing Authority, RB, AMT, 3.13%, <br> 12/01/27<sup>(a)</sup><br>| 4635 | &nbsp;&nbsp; 4635477 |
| &nbsp;&nbsp;&nbsp; North Carolina Turnpike Authority, Refunding RB, Senior <br> Lien, 5.00%, 01/01/30<br>| 250 | &nbsp;&nbsp; 262472 |
| State of North Carolina, Refunding RB, 5.00%, 03/01/35 | 1640 | &nbsp;&nbsp; 1877396 |
|  |  | &nbsp;&nbsp; 6775345 |
| **Ohio — 2.7%** | **Ohio — 2.7%** |  |
| Franklin County RB, 2.63%, 12/01/46<sup>(a)</sup> | 415 | &nbsp;&nbsp; 414923 |
| &nbsp;&nbsp;&nbsp; Ohio Air Quality Development Authority, RB, AMT, 2.60%, <br> 06/01/41<sup>(a)</sup><br>| 1000 | &nbsp;&nbsp; 964679 |
| Ohio Air Quality Development Authority, Refunding RB |  |  |
| &nbsp;&nbsp;&nbsp; 4.00%, 09/01/30<sup>(a)</sup> | 4120 | &nbsp;&nbsp; 4162518 |
| &nbsp;&nbsp;&nbsp; AMT, 3.70%, 10/01/28 | 4330 | &nbsp;&nbsp; 4362134 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 4.25%, 11/01/39<sup>(a)</sup> | 3825 | &nbsp;&nbsp; 3857814 |
|  |  | &nbsp;&nbsp; 13762068 |
| **Oklahoma — 0.1%** | **Oklahoma — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Oklahoma Housing Finance Agency, RB, S/F Housing, <br> Series D, (FHLMC, FNMA, GNMA), 3.55%, 03/01/30<br>| 465 | &nbsp;&nbsp; 468178 |
| **Oregon — 1.5%** | **Oregon — 1.5%** |  |
| &nbsp;&nbsp;&nbsp; Lane County School District No. 19 Springfield, GO, <br> CAB, Series B, (GTD), 0.00%, 06/15/33<sup>(e)</sup><br>| 1650 | &nbsp;&nbsp; 1306924 |
| &nbsp;&nbsp;&nbsp; Oregon State Lottery, Refunding RB, Series A, 5.00%, <br> 04/01/35<br>| 2400 | &nbsp;&nbsp; 2757289 |
| &nbsp;&nbsp;&nbsp; Port of Morrow Oregon, GOL, Series A, 5.15%, <br> 10/01/26<sup>(c)</sup><br>| 1520 | &nbsp;&nbsp; 1519936 |
| &nbsp;&nbsp;&nbsp; Port of Portland Oregon Airport Revenue, Refunding <br> ARB, Series 28, AMT, 5.00%, 07/01/30<br>| 1580 | &nbsp;&nbsp; 1697840 |
| &nbsp;&nbsp;&nbsp; State of Oregon Housing & Community Services <br> Department, Refunding RB, S/F Housing, Series C, <br> (FHLMC, FNMA, GNMA), 3.75%, 07/01/31<br>| 380 | &nbsp;&nbsp; 384180 |
|  |  | &nbsp;&nbsp; 7666169 |
| **Pennsylvania — 4.8%** | **Pennsylvania — 4.8%** |  |
| &nbsp;&nbsp;&nbsp; Allegheny County Hospital Development Authority, RB, <br> Series D2, Class D, 3.00%, 11/15/26<sup>(a)</sup><br>| 3850 | &nbsp;&nbsp; 3835015 |
| &nbsp;&nbsp;&nbsp; City of Philadelphia PA Airport Revenue, Refunding RB, <br> Series C, AMT, 5.00%, 07/01/28<br>| 1000 | &nbsp;&nbsp; 1044653 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Economic Development Financing <br> Authority, Refunding RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.88%, 12/01/30 | 650 | &nbsp;&nbsp; 650000 |
| &nbsp;&nbsp;&nbsp; Series A, 5.00%, 03/15/60 | 6525 | &nbsp;&nbsp; 7094847 |
| &nbsp;&nbsp;&nbsp; Series A, AMT, 3.25%, 04/01/34 | 350 | &nbsp;&nbsp; 349973 |
| &nbsp;&nbsp;&nbsp; Pennsylvania Higher Education Assistance Agency, RB, <br> Series A, AMT, 5.00%, 06/01/28<br>| 1925 | &nbsp;&nbsp; 1977496 |
| Pennsylvania Housing Finance Agency, RB, S/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; Series 149A, Sustainability Bonds, 5.25%, 04/01/32 | 625 | &nbsp;&nbsp; 683504 |
| &nbsp;&nbsp;&nbsp; Series 149A, Sustainability Bonds, 5.25%, 10/01/32 | 725 | &nbsp;&nbsp; 795346 |
| &nbsp;&nbsp;&nbsp; Series 149A, Sustainability Bonds, 5.25%, 04/01/33 | 1145 | &nbsp;&nbsp; 1255607 |
| &nbsp;&nbsp;&nbsp; Series 149A, Sustainability Bonds, 5.25%, 10/01/33 | 1410 | &nbsp;&nbsp; 1551256 |
| &nbsp;&nbsp;&nbsp; School District of Philadelphia, GOL, Series A, (SAW), <br> 5.00%, 09/01/29<br>| 1350 | &nbsp;&nbsp; 1443010 |

---

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Short Duration Muni Fund** 

**(formerly known as BlackRock Short-Term Municipal Fund)**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Pennsylvania (continued)** | **Pennsylvania (continued)** |  |
| &nbsp;&nbsp;&nbsp; School District of Philadelphia, Refunding GOL, Series F, <br> (SAW), 5.00%, 09/01/28<br>| 2700 | &nbsp;&nbsp; $2726191 |
| &nbsp;&nbsp;&nbsp; State Public School Building Authority, Refunding RB, <br> Series B, (AGM SAW), 5.00%, 06/01/29<br>| 740 | &nbsp;&nbsp; 785052 |
|  |  | &nbsp;&nbsp; 24191950 |
| **Rhode Island — 0.1%** | **Rhode Island — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Rhode Island Health and Educational Building Corp., <br> Refunding RB, Series A, (SAP), 5.00%, 09/15/28<br>| 295 | &nbsp;&nbsp; 297409 |
| **South Carolina — 1.3%** | **South Carolina — 1.3%** |  |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> RB, Series A, 5.00%, 11/01/34<br>| 4345 | &nbsp;&nbsp; 4822417 |
| &nbsp;&nbsp;&nbsp; South Carolina Jobs-Economic Development Authority, <br> Refunding RB, Series B-2, 5.00%, 11/01/49<sup>(a)</sup><br>| 1050 | &nbsp;&nbsp; 1168950 |
| &nbsp;&nbsp;&nbsp; South Carolina Public Service Authority, Refunding RB, <br> Series A, 5.00%, 12/01/29<br>| 365 | &nbsp;&nbsp; 366485 |
|  |  | &nbsp;&nbsp; 6357852 |
| **Tennessee — 0.1%** | **Tennessee — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Lewisburg Industrial Development Board, Refunding RB, <br> AMT, 3.00%, 07/02/35<sup>(a)</sup><br>| 340 | &nbsp;&nbsp; 339935 |
| **Texas — 13.5%** | **Texas — 13.5%** |  |
| &nbsp;&nbsp;&nbsp; Allen Independent School District, GO, (PSF), 5.00%, <br> 02/15/35<br>| 95 | &nbsp;&nbsp; 95119 |
| &nbsp;&nbsp;&nbsp; Austin Independent School District, Refunding GO, <br> (PSF), 5.00%, 08/01/30<br>| 275 | &nbsp;&nbsp; 277027 |
| &nbsp;&nbsp;&nbsp; City of Austin Texas Water & Wastewater System <br> Revenue, Refunding RB, 11/15/33<sup>(d)</sup><br>| 1990 | &nbsp;&nbsp; 2245931 |
| &nbsp;&nbsp;&nbsp; City of Galveston Texas Wharves & Terminal Revenue, <br> ARB, Series A, AMT, 1st Lien, 5.00%, 08/01/30<br>| 1430 | &nbsp;&nbsp; 1509200 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, ARB, <br> Series B, AMT, 5.25%, 07/15/33<br>| 2500 | &nbsp;&nbsp; 2626068 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding ARB, Series A, AMT, Subordinate Lien, <br> 5.00%, 07/01/35<br>| 3325 | &nbsp;&nbsp; 3676514 |
| &nbsp;&nbsp;&nbsp; City of Houston Texas Airport System Revenue, <br> Refunding RB, Series C, AMT, 5.00%, 07/15/27<br>| 1000 | &nbsp;&nbsp; 1016390 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport, Refunding ARB, <br> Series A-1, AMT, 5.00%, 11/01/34<br>| 3500 | &nbsp;&nbsp; 3864923 |
| &nbsp;&nbsp;&nbsp; Dallas Fort Worth International Airport, Refunding RB, <br> Series C, AMT, 5.00%, 11/01/32<br>| 5200 | &nbsp;&nbsp; 5688383 |
| &nbsp;&nbsp;&nbsp; Del Mar College District, GOL, Series B, 5.00%, <br> 08/15/30<br>| 505 | &nbsp;&nbsp; 508598 |
| &nbsp;&nbsp;&nbsp; Harris County Cultural Education Facilities Finance <br> Corp., Refunding RB, Class C, 5.00%, 07/01/54<sup>(a)</sup><br>| 5000 | &nbsp;&nbsp; 5289819 |
| &nbsp;&nbsp;&nbsp; Harris County Industrial Development Corp., Refunding <br> RB, 4.05%, 11/01/50<sup>(a)</sup><br>| 1875 | &nbsp;&nbsp; 1905780 |
| &nbsp;&nbsp;&nbsp; Leander Independent School District, Refunding GO, <br> CAB, Series A, (PSF), 0.00%, 08/15/26<sup>(e)</sup><br>| 850 | &nbsp;&nbsp; 841358 |
| &nbsp;&nbsp;&nbsp; Matagorda County Navigation District No. 1, Refunding <br> RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series B-1, 4.00%, 06/01/30 | 2900 | &nbsp;&nbsp; 2900898 |
| &nbsp;&nbsp;&nbsp; Series B-2, 4.00%, 06/01/30 | 1895 | &nbsp;&nbsp; 1895587 |
| &nbsp;&nbsp;&nbsp; AMT, 4.25%, 05/01/30 | 1145 | &nbsp;&nbsp; 1172198 |
| &nbsp;&nbsp;&nbsp; Mission Economic Development Corp., RB, AMT, 2.88%, <br> 06/01/55<sup>(a)</sup><br>| 1400 | &nbsp;&nbsp; 1399245 |
| &nbsp;&nbsp;&nbsp; North Texas Tollway Authority, Refunding RB, Series A, <br> 5.00%, 01/01/27<br>| 6000 | &nbsp;&nbsp; 6106969 |

---

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Texas (continued)** | **Texas (continued)** |  |
| &nbsp;&nbsp;&nbsp; Port Authority of Houston of Harris County Texas, <br> Refunding GO, Series A, AMT, 5.00%, 10/01/27<br>| 1020 | &nbsp;&nbsp; $1048873 |
| &nbsp;&nbsp;&nbsp; San Antonio Independent School District, Refunding GO, <br> (PSF), 5.00%, 08/15/30<br>| 320 | &nbsp;&nbsp; 322482 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., RB, Series C, 5.00%, 11/15/64<sup>(a)</sup><br>| 2400 | &nbsp;&nbsp; 2650578 |
| &nbsp;&nbsp;&nbsp; Tarrant County Cultural Education Facilities Finance <br> Corp., Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/28 | 430 | &nbsp;&nbsp; 446389 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/29 | 450 | &nbsp;&nbsp; 472477 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/30 | 950 | &nbsp;&nbsp; 1007037 |
| &nbsp;&nbsp;&nbsp; 5.00%, 10/01/33 | 1200 | &nbsp;&nbsp; 1293803 |
| &nbsp;&nbsp;&nbsp; 5.00%, 11/15/51<sup>(a)</sup> | 5175 | &nbsp;&nbsp; 5678667 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition & Supply Corp., III, <br> Refunding RB<br>|  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/28 | 5130 | &nbsp;&nbsp; 5337123 |
| &nbsp;&nbsp;&nbsp; 5.00%, 12/15/29 | 3785 | &nbsp;&nbsp; 3971418 |
| &nbsp;&nbsp;&nbsp; Texas Municipal Gas Acquisition and Supply Corp., II, <br> RB<sup>(a)</sup> <br>|  |  |
| &nbsp;&nbsp;&nbsp; 3.51%, 09/15/27 | 1560 | &nbsp;&nbsp; 1563204 |
| &nbsp;&nbsp;&nbsp; Series C, 3.29%, 09/15/27 | 1445 | &nbsp;&nbsp; 1446192 |
|  |  | &nbsp;&nbsp; 68258250 |
| **Utah — 0.9%** | **Utah — 0.9%** |  |
| &nbsp;&nbsp;&nbsp; City of Salt Lake City UT Airport Revenue, ARB, <br> Series A, AMT, 5.00%, 07/01/35<br>| 1575 | &nbsp;&nbsp; 1741507 |
| Downtown Revitalization Public Infrastructure District, RB |  |  |
| &nbsp;&nbsp;&nbsp; Series A, 1st Lien, (AGM), 5.00%, 06/01/35 | 1375 | &nbsp;&nbsp; 1554868 |
| &nbsp;&nbsp;&nbsp; Series B, 2nd Lien, (AGM), 5.00%, 06/01/35 | 955 | &nbsp;&nbsp; 1075906 |
|  |  | &nbsp;&nbsp; 4372281 |
| **Virginia — 0.1%** | **Virginia — 0.1%** |  |
| &nbsp;&nbsp;&nbsp; Virginia Housing Development Authority, RB, S/F <br> Housing, Series G, 3.13%, 07/01/56<sup>(a)</sup><br>| 335 | &nbsp;&nbsp; 335007 |
| **Washington — 1.9%** | **Washington — 1.9%** |  |
| &nbsp;&nbsp;&nbsp; Energy Northwest, Refunding RB, Series A, 5.00%, <br> 07/01/34<br>| 1000 | &nbsp;&nbsp; 1140046 |
| &nbsp;&nbsp;&nbsp; Port of Seattle Wasington, ARB, Series B, AMT, <br> Intermediate Lien, 5.00%, 10/01/34<br>| 1890 | &nbsp;&nbsp; 2090943 |
| &nbsp;&nbsp;&nbsp; Seattle Housing Authority, RB, M/F Housing, 5.00%, <br> 12/01/29<br>| 950 | &nbsp;&nbsp; 992530 |
| &nbsp;&nbsp;&nbsp; State of Washington, GO, Series E, (XLCA), 0.00%, <br> 12/01/28<sup>(e)</sup><br>| 1000 | &nbsp;&nbsp; 928781 |
| Vancouver Housing Authority, RB, M/F Housing |  |  |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/32 | 370 | &nbsp;&nbsp; 389542 |
| &nbsp;&nbsp;&nbsp; 5.00%, 08/01/35 | 465 | &nbsp;&nbsp; 489378 |
| &nbsp;&nbsp;&nbsp; Washington Health Care Facilities Authority, Refunding <br> RB, Series B-3, 5.00%, 08/01/49<sup>(a)</sup><br>| 3730 | &nbsp;&nbsp; 3733783 |
|  |  | &nbsp;&nbsp; 9765003 |
| **Wisconsin — 1.0%** | **Wisconsin — 1.0%** |  |
| Public Finance Authority, RB, 5.00%, 03/01/34 | 3100 | &nbsp;&nbsp; 3103349 |

---

Schedule of Investments

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Short Duration Muni Fund** 

**(formerly known as BlackRock Short-Term Municipal Fund)**

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

---

| | | |
|:---|:---|:---|
| *Security* | *Par*<br> *(000)*<br>| *Value* |
| **Wisconsin (continued)** | **Wisconsin (continued)** |  |
| &nbsp;&nbsp;&nbsp; Public Finance Authority, Refunding RB, AMT, 3.00%, <br> 09/01/27<sup>(a)</sup><br>| 995 | &nbsp;&nbsp; $994809 |
| &nbsp;&nbsp;&nbsp; Wisconsin Health & Educational Facilities Authority, RB, <br> 5.00%, 08/01/27<sup>(c)</sup><br>| 1000 | &nbsp;&nbsp; 1004060 |
|  |  | &nbsp;&nbsp; 5102218 |
| **Total Municipal Bonds — 93.5%** <br>**(Cost: $466,277,253)** | **Total Municipal Bonds — 93.5%** <br>**(Cost: $466,277,253)** | &nbsp;&nbsp; 471249523 |

---

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

---

| | | |
|:---|:---|:---|
|  | <br>*Shares*<br>|  |
| **Warrants** | **Warrants** | **Warrants** |
| **Construction & Engineering — 0.0%** | **Construction & Engineering — 0.0%** |  |
| &nbsp;&nbsp;&nbsp; Brightline West, (Expires 11/26/35, Strike Price USD <br> 5.00)<sup>(f)(g)</sup><br>| 26492 | &nbsp;&nbsp; 43712 |
| **Total Warrants — 0.0%** <br>**(Cost: $—)** | **Total Warrants — 0.0%** <br>**(Cost: $—)** | &nbsp;&nbsp; 43712 |
| **Total Long-Term Investments — 93.5%** <br>**(Cost: $466,277,253)** | **Total Long-Term Investments — 93.5%** <br>**(Cost: $466,277,253)** | &nbsp;&nbsp; 471293235 |
| **Short-Term Securities** | **Short-Term Securities** | **Short-Term Securities** |
| **Money Market Funds — 6.6%** | **Money Market Funds — 6.6%** |  |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares, 2.23%<sup>(h)(i)</sup><br>| 33262315 | &nbsp;&nbsp; 33265641 |
| **Total Short-Term Securities — 6.6%** <br>**(Cost: $33,265,641)** | **Total Short-Term Securities — 6.6%** <br>**(Cost: $33,265,641)** | &nbsp;&nbsp; 33265641 |
| **Total Investments — 100.1%** <br>**(Cost: $499,542,894)** | **Total Investments — 100.1%** <br>**(Cost: $499,542,894)** | &nbsp;&nbsp; 504558876 |
| **Liabilities in Excess of Other Assets — (0.1)%** | **Liabilities in Excess of Other Assets — (0.1)%** | &nbsp;&nbsp; (548036)<br>|
| **Net Assets — 100.0%** | **Net Assets — 100.0%** | &nbsp;&nbsp; $504010840 |

---

&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> 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>(c)</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>(d)</sup> When-issued security.

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

<sup>(f)</sup> Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. 

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

<sup>(h)</sup> Affiliate of the Fund.

<sup>(i)</sup> Annualized 7-day yield as of period end.

**Affiliates**

Investments in issuers considered to be affiliate(s) of the Fund during the period ended March 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| *Affiliated Issuer* | *Value at* <br>*06/30/25*<br>| *Proceeds* <br>*from Sales*<br>| *Net* <br>*Realized* <br>*Gain (Loss)*<br>| *Change in* <br>*Unrealized* <br>*Appreciation* <br>*(Depreciation)*<br>| *Value at* <br>*03/31/26*<br>| *Shares* <br>*Held at* <br>*03/31/26*<br>| *Income* | *Capital Gain* <br>*Distributions* <br>*from* <br>*Underlying* <br>*Funds*<br>|
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity Funds, MuniCash, Institutional <br> Shares<br>| $17798542<br> $15467099 <br><sup>(a)</sup><br>| &nbsp;&nbsp; $— | $— | $— | $33265641 | 33262315 | $264585 | $— |

---

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

<sup>(a)</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 Fund 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

------

Schedule of Investments (unaudited)(continued)

March 31, 2026

**BlackRock Short Duration Muni Fund** 

**(formerly known as BlackRock Short-Term Municipal Fund)**

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

&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 Fund's policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund's financial instruments categorized in the fair value hierarchy. The breakdown of the Fund'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; $471249523 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $471249523 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 43712 | &nbsp;&nbsp;&nbsp;&nbsp; 43712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Securities  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Money Market Funds | &nbsp;&nbsp; 33265641 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 33265641 |
|  | &nbsp;&nbsp; $33265641 | &nbsp;&nbsp;&nbsp;&nbsp; $471249523 | &nbsp;&nbsp;&nbsp;&nbsp; $43712 | &nbsp;&nbsp;&nbsp;&nbsp; $504558876 |

---

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

---

| | |
|:---|:---|
| **Portfolio Abbreviation**  | **Portfolio Abbreviation**  |
| AGM | Assured Guaranty Municipal Corp. |
| AMT | Alternative Minimum Tax |
| ARB | Airport Revenue Bonds  |
| 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 |
| HUD SECT 8 | &nbsp;&nbsp;&nbsp; U.S. Department of Housing and Urban Development <br> Section 8<br>|
| M/F | Multi-Family |
| PSF | Permanent School Fund |
| RB | Revenue Bonds |
| S/F | Single-Family |
| SAN | State Aid Notes  |
| SAP | Subject to Appropriations |
| SAW | State Aid Withholding |
| UT | Unlimited Tax |

---

Schedule of Investments

------

## 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 Bond Fund, Inc.

- **b. Investment Company Act file number:** 811-02688

- **c. CIK number of Registrant:** 0000225635

- **d. LEI of Registrant:** 549300RTFZS1V1PV8C63

- **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 Short Duration Muni Fund

- **b. EDGAR series identifier (if any):** S000002335

- **c. LEI of Series:** 5493000K3K76K51JDR40

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $509394554.72

**Total Liabilities:** $6324828.47

**Net Assets:** $503069726.25

**Delayed Delivery Securities:** $4089009.40

**Cash Not Reported:** $773349.78

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1532.99000000 | **1-Year:** 10550.56000000 | **5-Year:** 95141.27000000 | **10-Year:** 49603.98000000 | **30-Year:** 0.00000000

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

- **3-Month:** 6.33000000 | **1-Year:** 570.84000000 | **5-Year:** 3284.80000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000006122 | 0.77%                | 0.68%                | -1.51%               |
| Class ID C000006124 | 0.71%                | 0.62%                | -1.55%               |
| Class ID C000006125 | 0.78%                | 0.68%                | -1.51%               |
| Class ID C000038034 | 0.86%                | 0.67%                | -1.53%               |
| Class ID C000038035 | 0.78%                | 0.69%                | -1.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21016.73                | $2551136.42                                |
| Month 2  | $52877.66                | $1959558.62                                |
| Month 3  | $464739.35               | $-9439168.36                               |

### Schedule of Portfolio Investments

| Name                                                                            | Title                                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allegheny County Hospital Development Authority                                 | ALLEGHENY CNTY PA HOSP DEV AUTH                              | CUSIP: 01728A5U6<br>LEI: 54930046B973R604OG22 | Long             | DBT              | MUN               | US        |   3850000 | PA      | $3835014.65   | 0.76%             | 2026-11-15      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Allen Independent School District                                               | ALLEN TX INDEP SCH DIST                                      | CUSIP: 018106KF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95118.67     | 0.02%             | 2035-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Arizona Health Facilities Authority                                             | ARIZONA ST HLTH FACS AUTH                                    | CUSIP: 040507QT5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4770000 | PA      | $4742214.75   | 0.94%             | 2046-01-01      | Floating      | 2.67%                 | No            |                  2 | On Loan: No      |
| Arizona Department of Transportation State Highway Fund Revenue                 | ARIZONA ST TRANSPRTN BRD HIGHWAY REVENUE                     | CUSIP: 040654XD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $286705.64    | 0.06%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Austin Independent School District                                              | AUSTIN TX INDEP SCH DIST                                     | CUSIP: 052430PL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $277027.22    | 0.06%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Austin TX Water & Wastewater System Revenue                             | AUSTIN TX WTR & WSTWTR SYS REVENUE                           | CUSIP: 052477Q25<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1990000 | PA      | $2245930.92   | 0.45%             | 2033-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS SPLY REVENUE               | CUSIP: 09182NCC2<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2650000 | PA      | $2661345.45   | 0.53%             | 2052-07-01      | Floating      | 3.83%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TBQ9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   5140000 | PA      | $5202688.47   | 1.03%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TCG0<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   8570000 | PA      | $8990546.18   | 1.79%             | 2053-02-01      | Floating      | 5.25%                 | 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        |   2000000 | PA      | $2121206.20   | 0.42%             | 2054-01-01      | Floating      | 5.25%                 | 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        |   1700000 | PA      | $1747500.72   | 0.35%             | 2055-05-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182TGM3<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   3055000 | PA      | $3182072.42   | 0.63%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182THB6<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2614222.77   | 0.52%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Black Belt Energy Gas District                                                  | BLACK BELT ENERGY GAS DIST AL GAS PROJECT REVENUE            | CUSIP: 09182THS9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1675000 | PA      | $1747467.20   | 0.35%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Broward FL Airport System Revenue                                     | BROWARD CNTY FL ARPT SYS REVENUE                             | CUSIP: 114894VZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3005482.50   | 0.60%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Broward County/FL                                            | BROWARD CNTY FL SCH BRD COPS                                 | CUSIP: 115065ZC1<br>LEI: 5493006KVNQDJ1D0OD92 | Long             | DBT              | MUN               | US        |    405000 | PA      | $407423.80    | 0.08%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Development Authority of Burke County/The                                       | BURKE CNTY GA DEV AUTH POLL CONTROL REVENUE                  | CUSIP: 121342QK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    180000 | PA      | $180565.40    | 0.04%             | 2048-11-01      | Floating      | 3.38%                 | 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        |   7000000 | PA      | $7134674.40   | 1.42%             | 2053-12-01      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   3185000 | PA      | $1688050.00   | 0.34%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| California Infrastructure & Economic Development Bank                           | CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | CUSIP: 13034A7F1<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |   4775000 | PA      | $4777253.32   | 0.95%             | 2065-01-01      | Floating      | 3.50%                 | No            |                  2 | On Loan: No      |
| California Housing Finance Agency                                               | CALIFORNIA HSG FIN AGY LTD OBLIG MF HSG REVENUE              | CUSIP: 13034DBS2<br>LEI: 549300BOPCVLBA552Z14 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $4999843.00   | 0.99%             | 2056-07-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536LV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2475000 | PA      | $2504805.44   | 0.50%             | 2031-07-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| California Pollution Control Financing Authority                                | CALIFORNIA ST POLL CONTROL FIN AUTH SOL WST DISP REVENUE     | CUSIP: 130536RN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    490000 | PA      | $489343.99    | 0.10%             | 2043-07-01      | Floating      | 2.88%                 | 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        |   3300000 | PA      | $3341981.28   | 0.66%             | 2049-06-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| City of Chicago IL                                                              | CHICAGO IL                                                   | CUSIP: 167486R50<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    655000 | PA      | $661349.11    | 0.13%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FB78<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |    545000 | PA      | $599566.11    | 0.12%             | 2035-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FJJ4<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4715000 | PA      | $4719781.48   | 0.94%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FYN8<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   4385000 | PA      | $4692646.34   | 0.93%             | 2059-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado Health Facilities Authority                                            | COLORADO ST HLTH FACS AUTH REVENUE                           | CUSIP: 19648FZQ0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1619024.40   | 0.32%             | 2060-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Colorado State Education Loan Program                                           | COLORADO ST EDUC LOAN PROGRAM                                | CUSIP: 19672MDH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6320000 | PA      | $6358482.48   | 1.26%             | 2026-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Connecticut                                                            | CONNECTICUT ST                                               | CUSIP: 20772KA33<br>LEI: 5493007GRO6CU0IKP741 | Long             | DBT              | MUN               | US        |    770000 | PA      | $882885.85    | 0.18%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Connecticut State Health & Educational Facilities Authority                     | CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE              | CUSIP: 20775DYS5<br>LEI: 549300ZOQJ5U8YBS5Q35 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5320686.50   | 1.06%             | 2049-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Cumberland County Industrial Facilities & Pollution Control Financing Authority | CUMBERLAND CNTY NC INDL FACS & POLL CONTROL FING AUTH SOL WS | CUSIP: 230589AB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4635000 | PA      | $4635477.41   | 0.92%             | 2027-12-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CDN4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5200000 | PA      | $5688382.44   | 1.13%             | 2032-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Dallas Fort Worth International Airport                                         | DALLAS-FORT WORTH TX INTERNATIONAL ARPT REVENUE              | CUSIP: 23503CFV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3864922.95   | 0.77%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Del Mar College District                                                        | DEL MAR TX CLG DIST                                          | CUSIP: 245176HM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $508598.28    | 0.10%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Delaware State Economic Development Authority                                   | DELAWARE ST ECON DEV AUTH REVENUE                            | CUSIP: 246387SY1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    560000 | PA      | $550864.33    | 0.11%             | 2045-10-01      | Floating      | 4.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County School District No 1                                       | DENVER CITY & CNTY CO SCH DIST #1                            | CUSIP: 249174VP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3355000 | PA      | $3402339.72   | 0.68%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Denver City & County Housing Authority                                          | DENVER CO CITY & CNTY MF HSG REVENUE                         | CUSIP: 24917QBL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    820000 | PA      | $854791.45    | 0.17%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| District of Columbia                                                            | DIST OF COLUMBIA REVENUE                                     | CUSIP: 25483VZJ6<br>LEI: 549300HWFOZXPKGOX654 | Long             | DBT              | MUN               | US        |    865000 | PA      | $876928.18    | 0.17%             | 2027-02-28      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                          | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1554867.60   | 0.31%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Downtown Revitalization Public Infrastructure District                          | DOWNTOWN REVITALIZATION PUBLIC INFRASTRUCTURE DIST UT SALES  | CUSIP: 26118TBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    955000 | PA      | $1075906.34   | 0.21%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Northwest                                                                | ENERGY N W WA ELEC REVENUE                                   | CUSIP: 29270C7A7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1140046.40   | 0.23%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BA0<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101208.69    | 0.02%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BB8<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    115000 | PA      | $117244.04    | 0.02%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BC6<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102812.24    | 0.02%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BD4<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    240000 | PA      | $248063.69    | 0.05%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Energy Southeast A Cooperative District                                         | ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE         | CUSIP: 292723BE2<br>LEI: 2549001SMMZ81MXBXZ89 | Long             | DBT              | MUN               | US        |    250000 | PA      | $260227.88    | 0.05%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Farmington NM                                                           | FARMINGTON NM POLL CONTROL REVENUE                           | CUSIP: 311450GE4<br>LEI: 5493000GWMTI2L4AZA61 | Long             | DBT              | MUN               | US        |   5115000 | PA      | $5230257.32   | 1.04%             | 2040-06-01      | Floating      | 3.88%                 | No            |                  2 | On Loan: No      |
| County of Franklin OH                                                           | FRANKLIN CNTY OH REVENUE                                     | CUSIP: 353202FK5<br>LEI: 549300VCBUC1RZE7KL42 | Long             | DBT              | MUN               | US        |    415000 | PA      | $414923.31    | 0.08%             | 2046-12-01      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| City of Galveston TX Wharves & Terminal Revenue                                 | GALVESTON TX WHARVES & TERMINAL REVENUE                      | CUSIP: 364568JR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1509199.55   | 0.30%             | 2030-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Georgia Housing & Finance Authority                                             | GEORGIA ST HSG & FIN AUTH REVENUE                            | CUSIP: 37353PSH3<br>LEI: 549300I628IMF9PWV724 | Long             | DBT              | MUN               | US        |    445000 | PA      | $446336.11    | 0.09%             | 2035-06-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| Greater Orlando Aviation Authority                                              | GTR ORLANDO FL AVIATION AUTH ARPT FACS REVENUE               | CUSIP: 392274Z41<br>LEI: 549300CP6PUG5S184F61 | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1417030.01   | 0.28%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Cultural Education Facilities Finance Corp                        | HARRIS CNTY TX CULTURAL EDU FACS FIN CORP REVENUE            | CUSIP: 414009SP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5289819.00   | 1.05%             | 2054-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Harris County Industrial Development Corp                                       | HARRIS CNTY TX INDL DEV CORP                                 | CUSIP: 414189AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1875000 | PA      | $1905779.81   | 0.38%             | 2050-11-01      | Floating      | 4.05%                 | No            |                  2 | On Loan: No      |
| Hillsborough County Industrial Development Authority                            | HILLSBOROUGH CNTY FLA INDL DEVAUTH HEALTH SYS REVENUE        | CUSIP: 43233KAH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    290000 | PA      | $327610.71    | 0.07%             | 2034-11-15      | 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        |   1000000 | PA      | $1016389.50   | 0.20%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349HT6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2626068.00   | 0.52%             | 2033-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| City of Houston TX Airport System Revenue                                       | HOUSTON TX ARPT SYS REVENUE                                  | CUSIP: 442349JH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3325000 | PA      | $3676514.35   | 0.73%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                               | IDAHO ST HLTH FACS AUTH REVENUE                              | CUSIP: 451295H69<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |   4650000 | PA      | $5006192.33   | 1.00%             | 2060-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Idaho Health Facilities Authority                                               | IDAHO ST HLTH FACS AUTH HOSP REVENUE                         | CUSIP: 45129UCB8<br>LEI: 549300X43KY1C2WW0J97 | Long             | DBT              | MUN               | US        |    280000 | PA      | $279945.90    | 0.06%             | 2048-12-01      | Floating      | 2.63%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MJJ1<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    300000 | PA      | $315663.54    | 0.06%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MJK8<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266053.15    | 0.05%             | 2028-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MJL6<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    355000 | PA      | $381272.77    | 0.08%             | 2029-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Housing Development Authority                                          | ILLINOIS ST HSG DEV AUTH REVENUE                             | CUSIP: 45203MJM4<br>LEI: 54930053Z6M9JVHBQZ16 | Long             | DBT              | MUN               | US        |    375000 | PA      | $406683.71    | 0.08%             | 2029-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Illinois Finance Authority                                                      | ILLINOIS ST FIN AUTH REVENUE                                 | CUSIP: 45204FB53<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1425393.38   | 0.28%             | 2035-01-01      | 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        |   1000000 | PA      | $999375.90    | 0.20%             | 2042-05-01      | Floating      | 3.12%                 | No            |                  2 | On Loan: No      |
| State of Illinois                                                               | ILLINOIS ST                                                  | CUSIP: 452152Q20<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   2380000 | PA      | $2450428.25   | 0.49%             | 2028-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH HLTH SYS REVENUE                         | CUSIP: 45470YGF2<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6634297.20   | 1.32%             | 2059-10-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA FIN AUTH IN WSTWTR UTIL REVENUE                      | CUSIP: 45505MFA9<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1725000 | PA      | $1739036.50   | 0.35%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Indiana Finance Authority                                                       | INDIANA ST FIN AUTH REVENUE                                  | CUSIP: 45506EMB6<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    750000 | PA      | $858197.25    | 0.17%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Jefferson AL Sewer Revenue                                            | JEFFERSON CNTY AL SWR REVENUE WARRANTS                       | CUSIP: 472682YY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1331447.38   | 0.26%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kansas City Industrial Development Authority                                    | KANSAS CITY MO INDL DEV AUTH ARPT SPL OBLIG                  | CUSIP: 48504NAC3<br>LEI: 549300QWDXL46XQC8110 | Long             | DBT              | MUN               | US        |   4200000 | PA      | $4392743.04   | 0.87%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Lane County School District No 19 Springfield                                   | LANE CNTY OR SCH DIST #19 SPRINGFIELD                        | CUSIP: 515318LF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1650000 | PA      | $1306923.75   | 0.26%             | 2033-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Leander Independent School District                                             | LEANDER TX INDEP SCH DIST                                    | CUSIP: 521841P34<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $841358.39    | 0.17%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Lewisburg Industrial Development Board                                          | LEWISBURG TN INDL DEV BRD SOL WST DISP REVENUE               | CUSIP: 528236AC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    340000 | PA      | $339934.72    | 0.07%             | 2035-07-02      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444452P3<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1114419.40   | 0.22%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 5444457Q6<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |   2180000 | PA      | $2429434.29   | 0.48%             | 2034-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445BT5<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    625000 | PA      | $626496.19    | 0.12%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445BU2<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    570000 | PA      | $571312.71    | 0.11%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Los Angeles Department of Airports                                      | LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE                    | CUSIP: 544445BZ1<br>LEI: 549300E7TO710PTXPJ65 | Long             | DBT              | MUN               | US        |    985000 | PA      | $986744.73    | 0.20%             | 2035-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Louisville/Jefferson County Metropolitan Government                             | LOUISVILLE & JEFFERSON CNTY KY MET GOVT HLTH SYS REVENUE     | CUSIP: 54659LBN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3395000 | PA      | $3425398.15   | 0.68%             | 2030-10-01      | 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        |   5000000 | PA      | $5231713.50   | 1.04%             | 2053-06-01      | Floating      | 5.00%                 | 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        |   7045000 | PA      | $7386953.03   | 1.47%             | 2053-07-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Maryland Economic Development Corp                                              | MARYLAND ST ECON DEV CORP ECON DEV REVENUE                   | CUSIP: 57420NCC3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1026114.90   | 0.20%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                   | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RPY9<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |    500000 | PA      | $517375.00    | 0.10%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                   | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RRJ0<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1255560.88   | 0.25%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Educational Financing Authority                                   | MASSACHUSETTS ST EDUCTNL FING AUTH                           | CUSIP: 57563RSC4<br>LEI: 5493007K5OP7V6CL0Y88 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004448.70   | 0.20%             | 2026-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Massachusetts Housing Finance Agency                                            | MASSACHUSETTS ST HSG FIN AGY                                 | CUSIP: 57586VBE2<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |   1005000 | PA      | $1008953.77   | 0.20%             | 2027-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Matagorda County Navigation District No 1                                       | MATAGORDA CNTY TX NAV DIST #1                                | CUSIP: 576528DP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2900000 | PA      | $2900898.13   | 0.58%             | 2030-06-01      | Fixed         | 4.00%                 | 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        |   1895000 | PA      | $1895586.88   | 0.38%             | 2030-06-01      | Fixed         | 4.00%                 | 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        |   1145000 | PA      | $1172198.10   | 0.23%             | 2030-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority Dedicated Tax Fund                        | MET TRANSPRTN AUTH NY DEDICATED TAX FUND                     | CUSIP: 59259N4E0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $278485.54    | 0.06%             | 2031-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261A4R5<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2852673.50   | 0.57%             | 2034-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Transportation Authority                                           | MET TRANSPRTN AUTH NY REVENUE                                | CUSIP: 59261AJM0<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   4630000 | PA      | $4689086.67   | 0.93%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Washington Airports Authority Aviation Revenue                     | MET WASHINGTON DC ARPTS AUTH ARPT SYS REVENUE                | CUSIP: 592647NR8<br>LEI: 7HERAVJJLN8J1DZ6AZ19 | Long             | DBT              | MUN               | US        |   1595000 | PA      | $1764578.49   | 0.35%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Miami-Dade County Expressway Authority                                          | MIAMI-DADE CNTY FL EXPRESSWAY AUTH TOLL SYS REVENUE          | CUSIP: 593338AQ9<br>LEI: 549300NSQPQSO55VM780 | Long             | DBT              | MUN               | US        |    410000 | PA      | $410630.95    | 0.08%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Building Authority                                               | MICHIGAN ST BLDG AUTH REVENUE                                | CUSIP: 594615FN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    910000 | PA      | $920060.78    | 0.18%             | 2032-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                    | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654H81<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1885000 | PA      | $1853504.29   | 0.37%             | 2033-12-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                    | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654H99<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1665000 | PA      | $1646786.73   | 0.33%             | 2034-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                    | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654J22<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1117896.23   | 0.22%             | 2034-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Michigan State Housing Development Authority                                    | MICHIGAN ST HSG DEV AUTH SF MTGE REVENUE                     | CUSIP: 594654J30<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |   1100000 | PA      | $1087752.38   | 0.22%             | 2035-06-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                       | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXE1<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   1385000 | PA      | $1510948.16   | 0.30%             | 2055-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan State Hospital Finance Authority                                       | MICHIGAN ST HOSP FIN AUTH                                    | CUSIP: 59465HXF8<br>LEI: 54930011MIBQ2P7ZNM19 | Long             | DBT              | MUN               | US        |   2725000 | PA      | $3015414.97   | 0.60%             | 2055-08-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Michigan Strategic Fund                                                         | MICHIGAN ST STRATEGIC FUND LTD OBLG REVENUE                  | CUSIP: 594698QF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6015000 | PA      | $6228925.88   | 1.24%             | 2029-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mission Economic Development Corp                                               | MISSION TX ECON DEV CORP SOL WST DISP REVENUE                | CUSIP: 605155BX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1399244.70   | 0.28%             | 2055-06-01      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| Montgomery County Housing Opportunities Commission                              | MONTGOMERY CNTY MD HSG OPPNTYS COMMN MFH & RECONSTR DEV REV  | CUSIP: 613347SR5<br>LEI: 549300HDL0LLRHMDL092 | Long             | DBT              | MUN               | US        |   3435000 | PA      | $3482363.50   | 0.69%             | 2034-07-01      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| New Hampshire Business Finance Authority                                        | NATIONAL FIN AUTH NH AFFORDABLE HSG CTFS                     | CUSIP: 63607DAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2840000 | PA      | $2759318.72   | 0.55%             | 2043-04-20      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577B7D0<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1070271.80   | 0.21%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REVENUE                          | CUSIP: 64577BE26<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |  10620000 | PA      | $10770458.85  | 2.14%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Economic Development Authority                                       | NEW JERSEY ST ECON DEV AUTH REV                              | CUSIP: 64577XEQ5<br>LEI: 5493006JS6QWDVU4R678 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6271386.00   | 1.25%             | 2028-03-01      | 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: 646080YK1<br>LEI: 5493007OOYUHTF8GSL63 | Long             | DBT              | MUN               | US        |   2550000 | PA      | $2719624.98   | 0.54%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                    | NEW JERSEY ST HSG & MTGE FIN AGY MF REVENUE                  | CUSIP: 6461084N7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   3120000 | PA      | $3153339.70   | 0.63%             | 2029-05-01      | Fixed         | 3.50%                 | 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        |   6000000 | PA      | $6025109.40   | 1.20%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461363Q2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   4360000 | PA      | $4377194.53   | 0.87%             | 2031-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461364L2<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1425000 | PA      | $1518632.05   | 0.30%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 6461365A5<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   1570000 | PA      | $1664569.74   | 0.33%             | 2029-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Transportation Trust Fund Authority                                  | NEW JERSEY ST TRANSPRTN TRUST FUND AUTH                      | CUSIP: 646136XM8<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |   2985000 | PA      | $2179389.39   | 0.43%             | 2034-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                    | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613ALE0<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    640000 | PA      | $646517.31    | 0.13%             | 2033-04-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                    | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613ALF7<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    665000 | PA      | $677662.27    | 0.13%             | 2033-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                    | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613ALG5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2201616.94   | 0.44%             | 2034-04-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| New Jersey Housing & Mortgage Finance Agency                                    | NEW JERSEY ST HSG & MTGE FIN AGY REVENUE                     | CUSIP: 64613ALH3<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    830000 | PA      | $846005.89    | 0.17%             | 2034-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| New Mexico Mortgage Finance Authority                                           | NEW MEXICO ST MTGE FIN AUTH MF HSG REVENUE                   | CUSIP: 64719HET3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $349987.79    | 0.07%             | 2042-02-01      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966SLR5<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   2250000 | PA      | $2541398.18   | 0.51%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of New York NY                                                             | NEW YORK NY                                                  | CUSIP: 64966SSZ0<br>LEI: 549300ABYZD2SFD5JB29 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1131095.90   | 0.22%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REVENUE               | CUSIP: 64971XLC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1684583.04   | 0.33%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                          | NEW YORK CITY NY HSG DEV CORP MF HSG REVENUE                 | CUSIP: 64972E4M8<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5001643.50   | 0.99%             | 2063-05-01      | Floating      | 3.70%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JJR0<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1825000 | PA      | $2067603.82   | 0.41%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JVW5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |   1270000 | PA      | $1440196.89   | 0.29%             | 2035-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Transitional Finance Authority Future Tax Secured Revenue         | NEW YORK CITY NY TRANSITIONAL FIN AUTH REV                   | CUSIP: 64972JYW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2192792.40   | 0.44%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                          | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KBF1<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008408.50   | 0.20%             | 2063-11-01      | Floating      | 3.80%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                          | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KLH6<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   2435000 | PA      | $2465984.16   | 0.49%             | 2065-05-01      | Floating      | 3.75%                 | No            |                  2 | On Loan: No      |
| New York City Housing Development Corp                                          | NEW YORK CITY NY HSG DEV CORP MF HSG REV                     | CUSIP: 64972KNM3<br>LEI: 549300SQWVHKBRF8D702 | Long             | DBT              | MUN               | US        |   3250000 | PA      | $3255761.60   | 0.65%             | 2065-11-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH REVENUES NON ST SUPPORTED DEBT         | CUSIP: 64985SDF7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1725121.05   | 0.34%             | 2034-10-01      | 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        |   4000000 | PA      | $4024090.80   | 0.80%             | 2054-06-15      | Floating      | 3.45%                 | No            |                  2 | On Loan: No      |
| New York State Housing Finance Agency                                           | NEW YORK ST HSG FIN AGY AFFORDABLE HSG REVENUE               | CUSIP: 64987JZ20<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2508897.50   | 0.50%             | 2044-11-01      | Floating      | 3.60%                 | No            |                  2 | On Loan: No      |
| New York State Dormitory Authority                                              | NEW YORK ST DORM AUTH SALES TAX REVENUE                      | CUSIP: 64990AFF7<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $504603.35    | 0.10%             | 2035-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1000767.50   | 0.20%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116AU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    995000 | PA      | $995953.61    | 0.20%             | 2030-07-01      | 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        |   3750000 | PA      | $3809263.50   | 0.76%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| New York Transportation Development Corp                                        | NEW YORK ST TRANSPRTN DEV CORP SPL FAC REVENUE               | CUSIP: 650116FF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3228267.30   | 0.64%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of North Carolina                                                         | NORTH CAROLINA ST GRANT ANTICIPATION REVENUE                 | CUSIP: 658268FG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1640000 | PA      | $1877395.58   | 0.37%             | 2035-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority                                               | NORTH CAROLINA ST TURNPIKE AUTH                              | CUSIP: 65830RBY4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    250000 | PA      | $262472.50    | 0.05%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Texas Tollway Authority                                                   | N TX TOLLWAY AUTH REVENUE                                    | CUSIP: 66285WM78<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6106969.20   | 1.21%             | 2027-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525WH6<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $964679.30    | 0.19%             | 2041-06-01      | Floating      | 2.60%                 | 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        |   4120000 | PA      | $4162517.58   | 0.83%             | 2030-09-01      | Floating      | 4.00%                 | 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        |   3825000 | PA      | $3857814.29   | 0.77%             | 2039-11-01      | Floating      | 4.25%                 | No            |                  2 | On Loan: No      |
| Ohio Air Quality Development Authority                                          | OHIO ST AIR QUALITY DEV AUTH                                 | CUSIP: 677525XA0<br>LEI: 549300DZUU80AYOR6M80 | Long             | DBT              | MUN               | US        |   4330000 | PA      | $4362133.36   | 0.87%             | 2028-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Oklahoma Housing Finance Agency                                                 | OKLAHOMA ST HSG FIN AGY SF MTGE REVENUE                      | CUSIP: 67886MR35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $468178.37    | 0.09%             | 2030-03-01      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Oregon State Lottery                                                            | OREGON ST DEPT OF ADMIN SVCS LOTTERY REVENUE                 | CUSIP: 68607V6H3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2757288.96   | 0.55%             | 2035-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Oregon Housing & Community Services Department                         | OREGON ST HSG & CMNTY SVCS DEPT MTGE REVENUE                 | CUSIP: 6860875F0<br>LEI: 549300N3PYWYJ0Z8N757 | Long             | DBT              | MUN               | US        |    380000 | PA      | $384180.53    | 0.08%             | 2031-07-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BE7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $650000.00    | 0.13%             | 2030-12-01      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH SOLID WASTE DISPOSAL REV  | CUSIP: 708692BL1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $349973.37    | 0.07%             | 2034-04-01      | Floating      | 3.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Economic Development Financing Authority                           | PENNSYLVANIA ST ECON DEV FING AUTH UPMC REVENUE              | CUSIP: 70870JGX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6525000 | PA      | $7094847.17   | 1.41%             | 2060-03-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Higher Education Assistance Agency                                 | PENNSYLVANIA HGR EDU ASSISTANCE AGY LOAN REVENUE             | CUSIP: 70878CAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $1977495.91   | 0.39%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QU27<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    625000 | PA      | $683504.44    | 0.14%             | 2032-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QU35<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |    725000 | PA      | $795345.52    | 0.16%             | 2032-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QU43<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1145000 | PA      | $1255607.23   | 0.25%             | 2033-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Pennsylvania Housing Finance Agency                                             | PENNSYLVANIA ST HSG FIN AGY SF MTGE REVENUE                  | CUSIP: 70879QU50<br>LEI: 549300JZVUPNWP77SP29 | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1551255.63   | 0.31%             | 2033-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| State Public School Building Authority                                          | PENNSYLVANIA ST PUBLIC SCH BLDG AUTH                         | CUSIP: 709207DH4<br>LEI: 5493006JN0UR7OGWTO86 | Long             | DBT              | MUN               | US        |    740000 | PA      | $785051.64    | 0.16%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Philadelphia PA Airport Revenue                                         | PHILADELPHIA PA ARPT REVENUE                                 | CUSIP: 717817WG1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044652.70   | 0.21%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                             | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883TD4<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   2700000 | PA      | $2726191.08   | 0.54%             | 2028-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| School District of Philadelphia/The                                             | PHILADELPHIA PA SCH DIST                                     | CUSIP: 717883ZQ8<br>LEI: 254900HSKDHZKBZCUL90 | Long             | DBT              | MUN               | US        |   1350000 | PA      | $1443010.41   | 0.29%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of New York & New Jersey                                         | PORT AUTH OF NEW YORK & NEW JERSEY NY                        | CUSIP: 73358WR97<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1035449.60   | 0.21%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port Authority of Houston of Harris County Texas                                | PORT HOUSTON TX AUTH                                         | CUSIP: 7342605D0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1048873.14   | 0.21%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Morrow OR                                                               | PORT OF MORROW OR                                            | CUSIP: 73473RFG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1520000 | PA      | $1519936.01   | 0.30%             | 2026-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Port of Portland OR Airport Revenue                                             | PORT OF PORTLAND OR ARPT REVENUE                             | CUSIP: 7352402C6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1580000 | PA      | $1697839.88   | 0.34%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Port of Seattle WA                                                              | PORT OF SEATTLE WA REVENUE                                   | CUSIP: 7353893R7<br>LEI: 549300T9UCDUJ3GZL429 | Long             | DBT              | MUN               | US        |   1890000 | PA      | $2090942.53   | 0.42%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Kentucky Public Energy Authority                                                | KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE              | CUSIP: 74440DFN9<br>LEI: 549300XEJZWHYSY4SL55 | Long             | DBT              | MUN               | US        |   2585000 | PA      | $2735655.61   | 0.54%             | 2055-06-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI LEASE DEV REVENUE                         | CUSIP: 74444YAS3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   3100000 | PA      | $3103348.62   | 0.62%             | 2034-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Public Finance Authority                                                        | PUBLIC FIN AUTH WI SOL WST DISP REVENUE                      | CUSIP: 74445MAG4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    995000 | PA      | $994808.96    | 0.20%             | 2027-09-01      | Floating      | 3.00%                 | No            |                  2 | On Loan: No      |
| Rhode Island Health and Educational Building Corp                               | RHODE ISLAND ST HLTH & EDUCTNL BLDG CORP HGR EDU FAC REVENUE | CUSIP: 762197SN2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $297409.15    | 0.06%             | 2028-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Rock Island County School District No 41 Rock Island/Milan                      | ROCK ISLAND CNTY IL SCH DIST #41 ROCK ISLAND                 | CUSIP: 772436FR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $135106.79    | 0.03%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| City of Salt Lake City UT Airport Revenue                                       | SALT LAKE CITY UT ARPT REVENUE                               | CUSIP: 795576MP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1575000 | PA      | $1741506.80   | 0.35%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Salt Verde Financial Corp                                                       | SALT VERDE AZ FINANCIAL CORP SENIOR GAS REVENUE              | CUSIP: 79575EAQ1<br>LEI: 549300VEWOZY6TQOIF03 | Long             | DBT              | MUN               | US        |    830000 | PA      | $881772.25    | 0.18%             | 2029-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| San Antonio Independent School District/TX                                      | SAN ANTONIO TX INDEP SCH DIST                                | CUSIP: 796269WR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $322482.24    | 0.06%             | 2030-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| San Francisco City & County Airport Comm-San Francisco International Airport    | SAN FRANCISCO CA CITY &CNTY ARPTS COMMN INTL ARPT REV        | CUSIP: 79766DXK0<br>LEI: 54930055TIDYHNDP4F84 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1045382.76   | 0.21%             | 2033-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Seattle Housing Authority                                                       | SEATTLE WA HSG AUTH MF REVENUE                               | CUSIP: 812635CL2<br>LEI: 5493003LM6XXXMFX5M88 | Long             | DBT              | MUN               | US        |    950000 | PA      | $992530.17    | 0.20%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HLTH FACS REVENUE       | CUSIP: 837032BM2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   4345000 | PA      | $4822417.30   | 0.96%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Jobs-Economic Development Authority                              | SOUTH CAROLINA ST JOBS-ECON DEV AUTH HOSP FACS REVENUE       | CUSIP: 83703EMU6<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |   1050000 | PA      | $1168949.57   | 0.23%             | 2049-11-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| South Carolina Public Service Authority                                         | SOUTH CAROLINA ST PUBLIC SVC AUTH REVENUE                    | CUSIP: 83715BCJ4<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    365000 | PA      | $366484.67    | 0.07%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| South Florida Water Management District                                         | S FL WTR MGMT DIST COPS                                      | CUSIP: 83786PCM0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $565000.00    | 0.11%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBC0<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2988688.07   | 0.59%             | 2053-05-01      | Floating      | 4.24%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBD8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1012086.90   | 0.20%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COMMODITY SPLY REVENUE              | CUSIP: 84136FBT3<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5700000 | PA      | $5978285.97   | 1.19%             | 2054-01-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTH AL COOPERATIVE DIST COMMODITY SPLY REV | CUSIP: 84136GAK1<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |  10000000 | PA      | $10494150.00  | 2.09%             | 2054-01-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Southeast Energy Authority A Cooperative District                               | SOUTHEAST ENERGY AUTHORITY A COOPERATIVE                     | CUSIP: 84136HCT8<br>LEI: 25490090A3RLJHITY273 | Long             | DBT              | MUN               | US        |   5485000 | PA      | $5819959.08   | 1.16%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                       | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM | CUSIP: 864809BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    475000 | PA      | $509144.57    | 0.10%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Suffolk Tobacco Asset Securitization Corp                                       | SUFFOLK NY TOBACCO ASSET SECURITIZATION CORP TOBACCO SETTLEM | CUSIP: 864809BP2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    975000 | PA      | $1058297.86   | 0.21%             | 2031-06-01      | 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: 87638THV8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    430000 | PA      | $446388.89    | 0.09%             | 2028-10-01      | 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: 87638THW6<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    450000 | PA      | $472477.37    | 0.09%             | 2029-10-01      | 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: 87638THX4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |    950000 | PA      | $1007037.24   | 0.20%             | 2030-10-01      | 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: 87638TJA2<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1293803.28   | 0.26%             | 2033-10-01      | 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: 87638TJU8<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   2400000 | PA      | $2650577.52   | 0.53%             | 2064-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Tarrant County Cultural Education Facilities Finance Corp                       | TARRANT CNTY TX CULTURAL EDU FACS FIN CORP REVENUE           | CUSIP: 87638TJW4<br>LEI: 549300ROY505NVTMMI25 | Long             | DBT              | MUN               | US        |   5175000 | PA      | $5678667.23   | 1.13%             | 2051-11-15      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                              | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU | CUSIP: 88255QAC3<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1560000 | PA      | $1563203.62   | 0.31%             | 2027-09-15      | Floating      | 3.51%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition and Supply Corp II                              | TEXAS ST MUNI GAS ACQUISITION & SPLY CORP II GAS SPLY REVENU | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |   1445000 | PA      | $1446191.84   | 0.29%             | 2027-09-15      | Floating      | 3.29%                 | No            |                  2 | On Loan: No      |
| Texas Municipal Gas Acquisition & Supply Corp III                               | TEXAS ST MUNI GAS ACQUISITION& SPLY CORP III GAS SPLY REVEN  | CUSIP: 88256HBD9<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   5130000 | PA      | $5337122.72   | 1.06%             | 2028-12-15      | 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: 88256HBE7<br>LEI: 0UDITKOYW0YKG3BBP242 | Long             | DBT              | MUN               | US        |   3785000 | PA      | $3971418.44   | 0.79%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Tobacco Settlement Financing Corp                                               | TOBACCO SETTLEMENT FING CORP NJ                              | CUSIP: 888808HE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1355000 | PA      | $1408461.80   | 0.28%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of Kansas Hospital Authority                                         | UNIV OF KANSAS KS HOSP AUTH HLTH FACS REVENUE                | CUSIP: 914367KD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $730948.50    | 0.15%             | 2055-03-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                     | VANCOUVER WA HSG AUTH                                        | CUSIP: 921626QF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $389541.99    | 0.08%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Vancouver Housing Authority                                                     | VANCOUVER WA HSG AUTH                                        | CUSIP: 921626QG5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $489378.18    | 0.10%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Virginia Housing Development Authority                                          | VIRGINIA HSG DEV AUTH                                        | CUSIP: 92812XRF1<br>LEI: 549300LW3QBOVLQBP895 | Long             | DBT              | MUN               | US        |    335000 | PA      | $335006.70    | 0.07%             | 2056-07-01      | Floating      | 3.13%                 | No            |                  2 | On Loan: No      |
| Washington Metropolitan Area Transit Authority                                  | WASHINGTON DC MET AREA TRANSIT AUTH GROSS REVENUE            | CUSIP: 938782FP9<br>LEI: 549300ADKOK76HQMJS30 | Long             | DBT              | MUN               | US        |   1790000 | PA      | $1827542.39   | 0.36%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| State of Washington                                                             | WASHINGTON ST                                                | CUSIP: 93974BYF3<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $928781.20    | 0.18%             | 2028-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Washington Health Care Facilities Authority                                     | WASHINGTON ST HLTH CARE FACS AUTH                            | CUSIP: 93978HVB8<br>LEI: 549300ZVPWQIL3N5TL85 | Long             | DBT              | MUN               | US        |   3730000 | PA      | $3733782.59   | 0.74%             | 2049-08-01      | Floating      | 5.00%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                             | WASHOE CNTY NV GAS & WTR FACS REVENUE                        | CUSIP: 940797AN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3725000 | PA      | $3748305.84   | 0.75%             | 2036-03-01      | Floating      | 3.63%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                             | WASHOE CNTY NV WTR FAC REVENUE                               | CUSIP: 940865BG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2025451.40   | 0.40%             | 2036-03-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| County of Washoe NV                                                             | WASHOE CNTY NV WTR FAC REVENUE                               | CUSIP: 940865BH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5030000 | PA      | $5094010.27   | 1.01%             | 2036-03-01      | Floating      | 4.13%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity Funds                                                       | BlackRock Liquidity Funds: MuniCash, Institutional Shares    | CUSIP: 09248U841<br>LEI: 5493007YVNX55LTRQ706 | Long             | STIV             | RF                | US        |  32489043 | NS      | $32492291.56  | 6.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisconsin Health & Educational Facilities Authority                             | WISCONSIN ST HLTH & EDUCTNL FACS AUTH REVENUE                | CUSIP: 97712JHF3<br>LEI: 549300ISNGXS0VHGVD41 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1004060.60   | 0.20%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTLINE WEST EQ WARRANTS                                                     | BRIGHTLINE WEST EQ WARRANTS                                  | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     26492 | NS      | $43711.80     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** BlackRock Municipal Bond Fund, Inc.

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer