# EDGAR Filing Document

**Accession Number:** 0001020661
**File Stem:** 0001752724-23-012406
**Filing Date:** 2023-1
**Character Count:** 150428
**Document Hash:** 0e065beb5f9fdd48e09884ead4e7fb69
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-012406.hdr.sgml**: 20230125

**ACCESSION NUMBER**: 0001752724-23-012406

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230125

**DATE AS OF CHANGE**: 20230125

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NUVEEN MULTISTATE TRUST III
- **CENTRAL INDEX KEY:** 0001020661
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07943
- **FILM NUMBER:** 23551627

**BUSINESS ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 W WACKER DRIVE 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606
- **BUSINESS PHONE:** 3129178200

**MAIL ADDRESS:**
- **STREET 1:** JOHN NUVEEN & CO INC
- **STREET 2:** 333 W WACKER DR 32ND FLOOR
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60606

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NUVEEN  MULTISTATE TRUST III
- **DATE OF NAME CHANGE:** 20040108

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NUVEEN FLAGSHIP MULTISTATE TRUST III
- **DATE OF NAME CHANGE:** 19960807

## Series and Classes Contracts Data

### Nuveen North Carolina Municipal Bond Fund (Series ID: S000000562)

| Class ID   | Class Name                                          | Ticker Symbol   |
|:---|:---|:---|
| C000001556 | Nuveen North Carolina Municipal Bond Fund - Class A | FLNCX           |
| C000001559 | Nuveen North Carolina Municipal Bond Fund - Class I | FCNRX           |
| C000137685 | Class C                                             | FDCCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Nuveen Multistate Trust III

- **b. Investment Company Act file number:** 811-07943

- **c. CIK number of Registrant:** 0001020661

- **d. LEI of Registrant:** 549300KF91725RB3OG60

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

  - **Street Address 1:** 333 W. Wacker Dr

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60606

  - **Telephone number:** 312-917-7700

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

- **a. Name of Series:** Nuveen North Carolina Municipal Bond Fund

- **b. EDGAR series identifier (if any):** S000000562

- **c. LEI of Series:** MR4QVTHE7H776RYIWT58

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $553760592.00

**Total Liabilities:** $4859777.00

**Net Assets:** $548900815.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -216.01000000 | **1-Year:** -7363.69000000 | **5-Year:** -37829.38000000 | **10-Year:** -179442.25000000 | **30-Year:** -158209.42000000

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

- **3-Month:** 0.00000000 | **1-Year:** -68.72000000 | **5-Year:** -284.23000000 | **10-Year:** -2346.51000000 | **30-Year:** -1525.85000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000001556 | -4.73%               | -0.68%               | 4.95%                |
| Class ID C000001559 | -4.69%               | -0.65%               | 4.95%                |
| Class ID C000137685 | -4.79%               | -0.74%               | 4.98%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-918052.21              | $-28094435.74                              |
| Month 2  | $-10509696.29            | $5695783.51                                |
| Month 3  | $-1319153.56             | $27153732.17                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, The Forest at Duke, Inc., Series 2021                      | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, The Forest at Duke, Inc., Series 2021                      | CUSIP: 65820YSL1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    950000 | PA      | $788690.00    | 0.14%             | 2046-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | CUSIP: 65820FAF4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11170000 | PA      | $11186755.00  | 2.04%             | 2054-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sanford, North Carolina, Enterprise Systems Revenue Bonds, Refunding Series 2019                                                                       | Sanford, North Carolina, Enterprise Systems Revenue Bonds, Refunding Series 2019                                                                       | CUSIP: 800618BU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2805000 | PA      | $2727974.70   | 0.50%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Series 2022A                                                                          | Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Series 2022A                                                                          | CUSIP: 161045RU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  15000000 | PA      | $16831050.00  | 3.07%             | 2045-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2015                                                                        | Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2015                                                                        | CUSIP: 79588VAU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2445000 | PA      | $2556516.45   | 0.47%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | CUSIP: 121358BG9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $435932.00    | 0.08%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017                                                                 | University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017                                                                 | CUSIP: 914719UV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1104290.00   | 0.20%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021                                                                             | Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021                                                                             | CUSIP: 434682AK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    695000 | PA      | $794899.30    | 0.14%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | CUSIP: 809323BM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    690000 | PA      | $742191.60    | 0.14%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2015                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2015                                                                     | CUSIP: 67140PDB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3345000 | PA      | $3488333.25   | 0.64%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | CUSIP: 65821DYD7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    295000 | PA      | $267597.45    | 0.05%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                 | Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                 | CUSIP: 16207REA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $321664.75    | 0.06%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B                                                                       | Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B                                                                       | CUSIP: 957897ME8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   7000000 | PA      | $6550390.00   | 1.19%             | 2050-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Onslow County, North Carolina, Limited Obligation Bonds, Series 2016                                                                                   | Onslow County, North Carolina, Limited Obligation Bonds, Series 2016                                                                                   | CUSIP: 68285TCN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1084620.00   | 0.20%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017                                                                        | Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017                                                                        | CUSIP: 79588VBR5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3570000 | PA      | $3760566.60   | 0.69%             | 2040-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2016                                                         | Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2016                                                         | CUSIP: 682852CN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $639948.00    | 0.12%             | 2025-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sampson Area Development Corporation, Sampson County, North Carolina, Installment Payment Revenue Bonds, Refunding Series 2010                         | Sampson Area Development Corporation, Sampson County, North Carolina, Installment Payment Revenue Bonds, Refunding Series 2010                         | CUSIP: 79587YBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1970000 | PA      | $2017555.80   | 0.37%             | 2024-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | CUSIP: 436088BB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $528975.00    | 0.10%             | 2034-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | CUSIP: 65829QCY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4395000 | PA      | $4796790.90   | 0.87%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | CUSIP: 65821DYF2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    550000 | PA      | $434665.00    | 0.08%             | 2041-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Henderson County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                | Henderson County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                | CUSIP: 424898FN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211586.00    | 0.04%             | 2032-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency, Revenue Bonds, Johnson & Wales University, Series 2013A                                              | North Carolina Capital Facilities Finance Agency, Revenue Bonds, Johnson & Wales University, Series 2013A                                              | CUSIP: 65819GJC3<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1008050.00   | 0.18%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | CUSIP: 809323AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $543630.00    | 0.10%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650CY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    620000 | PA      | $656294.80    | 0.12%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | CUSIP: 914710HX9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1125000 | PA      | $1229456.25   | 0.22%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A                                                            | Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A                                                            | CUSIP: 975700MC6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    365000 | PA      | $393659.80    | 0.07%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Series 2017A                                                                 | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Series 2017A                                                                 | CUSIP: 65830UAC6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1200000 | PA      | $1214112.00   | 0.22%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | CUSIP: 238603BH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1795000 | PA      | $1927758.20   | 0.35%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017                                         | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017                                         | CUSIP: 65830RBK4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1066140.00   | 0.19%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | CUSIP: 975700QV0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    680000 | PA      | $723690.00    | 0.13%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A                                              | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A                                              | CUSIP: 161036KW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4125680.00   | 0.75%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017                                                                             | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017                                                                             | CUSIP: 906400DY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $438356.00    | 0.08%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2018                                                                 | Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2018                                                                 | CUSIP: 161045PE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $539810.00    | 0.10%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Durham Capital Financing Corporation, Durham County, North Carolina, Limited Obligation Bonds, Refunding Series 2016                                   | Durham Capital Financing Corporation, Durham County, North Carolina, Limited Obligation Bonds, Refunding Series 2016                                   | CUSIP: 266780CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1374966.45   | 0.25%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | CUSIP: 16104PGM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    710000 | PA      | $829450.40    | 0.15%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | CUSIP: 914710HY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1180000 | PA      | $1285645.40   | 0.23%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, Wake Forest University, Series 2018                            | North Carolina Capital Facilities Financing Agency, Educational Facility Revenue Bonds, Wake Forest University, Series 2018                            | CUSIP: 65818PMZ9<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   7500000 | PA      | $7970400.00   | 1.45%             | 2048-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                    | Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                    | CUSIP: 616126BE7<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    220000 | PA      | $235248.20    | 0.04%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A                                                            | Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A                                                            | CUSIP: 975700LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2800000 | PA      | $3024336.00   | 0.55%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2019A                                                                            | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2019A                                                                            | CUSIP: 906400FG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1400000 | PA      | $1400798.00   | 0.26%             | 2044-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, Limited Obligation Bonds, Series 2020                                                                                 | Davidson County, North Carolina, Limited Obligation Bonds, Series 2020                                                                                 | CUSIP: 238603CG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $509400.00    | 0.09%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Asheville, North Carolina, Special Obligation Bonds, Series 2021                                                                                       | Asheville, North Carolina, Special Obligation Bonds, Series 2021                                                                                       | CUSIP: 044072BE5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $744848.00    | 0.14%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Government Facilities & Equipment, Series 2021B                                              | Charlotte, North Carolina, Certificates of Participation, Government Facilities & Equipment, Series 2021B                                              | CUSIP: 1610374A1<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |    990000 | PA      | $1130114.70   | 0.21%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Fear Public Utility Authority, North Carolina, Water & Sewer System Revenue Bonds, Refunding Series 2014A                                         | Cape Fear Public Utility Authority, North Carolina, Water & Sewer System Revenue Bonds, Refunding Series 2014A                                         | CUSIP: 139391CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1258302.60   | 0.23%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buncombe County, North Carolina, Limited Obligation Bonds, Refunding Series 2015                                                                       | Buncombe County, North Carolina, Limited Obligation Bonds, Refunding Series 2015                                                                       | CUSIP: 120525FM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1315262.50   | 0.24%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A                                      | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured Cofina Project Series 2019A-2A                                      | CUSIP: 74529JRQ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2200000 | PA      | $2048926.00   | 0.37%             | 2040-07-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2017                                                                  | University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2017                                                                  | CUSIP: 914710HH4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5168450.00   | 0.94%             | 2042-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2019A                                                        | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Series 2019A                                                        | CUSIP: 161036PZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3367525.00   | 0.61%             | 2044-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | CUSIP: 906400DD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $531925.00    | 0.10%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                 | Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                 | CUSIP: 16207REC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    325000 | PA      | $375527.75    | 0.07%             | 2033-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | CUSIP: 914716K38<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $249577.60    | 0.05%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mecklenburg County, North Carolina, General Obligation Bonds, Refunding Series 2013A                                                                   | Mecklenburg County, North Carolina, General Obligation Bonds, Refunding Series 2013A                                                                   | CUSIP: 584002RW1<br>LEI: 5493006G3IC5PBHB7A65 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2181580.00   | 0.40%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | North Carolina State, Limited Obligation Bonds, Refunding Series 2017B                                                                                 | CUSIP: 65829QCZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8950000 | PA      | $9763644.50   | 1.78%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | CUSIP: 67140PDT8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076140.00   | 0.20%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | CUSIP: 644804FM3<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   2990000 | PA      | $3304996.50   | 0.60%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | CUSIP: 65821DYC9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    285000 | PA      | $262761.45    | 0.05%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B                                                                       | Western Carolina University, North Carolina, General Revenue Bonds, Series 2020B                                                                       | CUSIP: 957897MD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2910000 | PA      | $2792930.70   | 0.51%             | 2045-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A                                                        | Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A                                                        | CUSIP: 751073JW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1225000 | PA      | $1285870.25   | 0.23%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    745000 | PA      | $811237.95    | 0.15%             | 2030-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2020A                                                                     | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2020A                                                                     | CUSIP: 395468MJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4502970.00   | 0.82%             | 2045-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019                                                                 | University of North Carolina, Chapel Hill, Revenue Bonds, Hospital System, Series 2019                                                                 | CUSIP: 914714CZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   8070000 | PA      | $9046631.40   | 1.65%             | 2049-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | CUSIP: 266122BL3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1475000 | PA      | $1564945.50   | 0.29%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | CUSIP: 975700QR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $608522.25    | 0.11%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina at Chapel Hill, General Revenue Bonds, Series 2021B                                                                       | University of North Carolina at Chapel Hill, General Revenue Bonds, Series 2021B                                                                       | CUSIP: 914713S45<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    960000 | PA      | $1089321.60   | 0.20%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A                                                            | Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A                                                            | CUSIP: 479354DY5<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $870760.00    | 0.16%             | 2038-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | CUSIP: 65818PLF4<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    685000 | PA      | $683760.15    | 0.12%             | 2034-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | CUSIP: 975700QP3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $728715.00    | 0.13%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAG7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    865000 | PA      | $720224.95    | 0.13%             | 2027-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Central University, General Revenue Bonds, Series 2019                                                                                  | North Carolina Central University, General Revenue Bonds, Series 2019                                                                                  | CUSIP: 65819PDQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1035000 | PA      | $1085218.20   | 0.20%             | 2038-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, Limited Obligation Bonds, Series 2020                                                                                 | Davidson County, North Carolina, Limited Obligation Bonds, Series 2020                                                                                 | CUSIP: 238603CH5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507695.00    | 0.09%             | 2039-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2019                                                                      | Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2019                                                                      | CUSIP: 396290DW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4950000 | PA      | $5335803.00   | 0.97%             | 2044-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Wilmington, General Revenue Bonds, Refunding Series 2019B                                                                | University of North Carolina, Wilmington, General Revenue Bonds, Refunding Series 2019B                                                                | CUSIP: 914722SJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1099550.00   | 0.20%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | CUSIP: 139391EV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1895000 | PA      | $1936045.70   | 0.35%             | 2038-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017B                                                           | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017B                                                           | CUSIP: 395468LJ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1111200.00   | 0.20%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Buncombe County, North Carolina, Limited Obligation Bonds, Refunding Series 2015                                                                       | Buncombe County, North Carolina, Limited Obligation Bonds, Refunding Series 2015                                                                       | CUSIP: 120525FU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1375000 | PA      | $1440656.25   | 0.26%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Sharon Towers, Series 2019A                                | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, Sharon Towers, Series 2019A                                | CUSIP: 65820YRN8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1105000 | PA      | $1036965.15   | 0.19%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Orange County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                  | Orange County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                  | CUSIP: 684566CV2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $562030.00    | 0.10%             | 2028-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Metropolitan Sewerage District of Buncombe County, North Carolina, Sewerage System Revenue Bonds, Series 2014                                          | Metropolitan Sewerage District of Buncombe County, North Carolina, Sewerage System Revenue Bonds, Series 2014                                          | CUSIP: 120532KF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1750000 | PA      | $1801327.50   | 0.33%             | 2039-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Wilmington, General Revenue Bonds, Series 2021                                                                           | University of North Carolina, Wilmington, General Revenue Bonds, Series 2021                                                                           | CUSIP: 914722TN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $726555.00    | 0.13%             | 2041-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, Doing Business as Atrium Health, Refunding Series 2022A           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, Doing Business as Atrium Health, Refunding Series 2022A           | CUSIP: 160853VS3<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   5500000 | PA      | $5378505.00   | 0.98%             | 2043-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A                                      | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A                                      | CUSIP: 396321DJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $441791.40    | 0.08%             | 2032-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Henderson County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                | Henderson County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                | CUSIP: 424898FP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    420000 | PA      | $442587.60    | 0.08%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Rocky Mount, North Carolina, Special Obligation Bonds, Series 2016                                                                                     | Rocky Mount, North Carolina, Special Obligation Bonds, Series 2016                                                                                     | CUSIP: 774652AL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1072010.00   | 0.20%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | Davidson County, North Carolina, General Obligation Bonds, Limited Obligation Series 2016                                                              | CUSIP: 238603BF0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1075560.00   | 0.20%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | Cape Fear Public Utility Authority, North Carolina,  Water and Sewer System Revenue Bonds, Refunding Series 2019A                                      | CUSIP: 139391EX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2115000 | PA      | $2116142.10   | 0.39%             | 2044-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAT9<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3735000 | PA      | $1752835.50   | 0.32%             | 2038-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | CUSIP: 65821DWE7<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1073460.00   | 0.20%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Limited Obligation Bonds, Coliseum Complex Project, Series 2018A                                                           | Greensboro, North Carolina, Limited Obligation Bonds, Coliseum Complex Project, Series 2018A                                                           | CUSIP: 395476CQ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2826905.25   | 0.52%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Series 2022                                                                       | CUSIP: 975700QQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $570190.00    | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2015                                     | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Vidant Health, Refunding Series 2015                                     | CUSIP: 65821DSM4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   5860000 | PA      | $5927038.40   | 1.08%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guilford County, North Carolina, General Obligation Bonds, Refunding Series 2017                                                                       | Guilford County, North Carolina, General Obligation Bonds, Refunding Series 2017                                                                       | CUSIP: 401784K85<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   2285000 | PA      | $2504451.40   | 0.46%             | 2027-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2015                                                                             | CUSIP: 906400DC7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1020000 | PA      | $1086687.60   | 0.20%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | CUSIP: 1610372S4<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1930000 | PA      | $2122498.20   | 0.39%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | CUSIP: 161036MJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6610000 | PA      | $6884381.10   | 1.25%             | 2047-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | CUSIP: 914710HZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1240000 | PA      | $1344271.60   | 0.24%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Greensboro, General Revenue Bonds, Series 2014                                                                           | University of North Carolina, Greensboro, General Revenue Bonds, Series 2014                                                                           | CUSIP: 914719TM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1113752.50   | 0.20%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | CUSIP: 147056GD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1850977.00   | 0.34%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | CUSIP: 161037Y83<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1010000 | PA      | $1099789.00   | 0.20%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | CUSIP: 16104PGP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $929992.00    | 0.17%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Central University, General Revenue Bonds, Refunding Series 2016                                                                        | North Carolina Central University, General Revenue Bonds, Refunding Series 2016                                                                        | CUSIP: 65819PCD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3215000 | PA      | $3380636.80   | 0.62%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | CUSIP: 914710HV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1025000 | PA      | $1129519.25   | 0.21%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, Limited Obligation Bonds, Series 2019                                                                                     | Wake County, North Carolina, Limited Obligation Bonds, Series 2019                                                                                     | CUSIP: 930876EK9<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2272820.00   | 0.41%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1583055.00   | 0.29%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2015                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2015                                                                     | CUSIP: 67140PDA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3185000 | PA      | $3328579.80   | 0.61%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | North Carolina Department of Transportation, Private Activity Revenue Bonds, I-77 Hot Lanes Project, Series 2015                                       | CUSIP: 65820FAG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1500000 | PA      | $1514265.00   | 0.28%             | 2037-12-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                                      | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2022                                                                      | CUSIP: 395468NH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  13060000 | PA      | $14895060.60  | 2.71%             | 2047-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Lincoln County, North Carolina, Enterprise Systems Revenue Bonds, Series 2020                                                                          | Lincoln County, North Carolina, Enterprise Systems Revenue Bonds, Series 2020                                                                          | CUSIP: 53334CBJ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $246119.10    | 0.04%             | 2031-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | CUSIP: 1610372T2<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   2450000 | PA      | $2496305.00   | 0.45%             | 2038-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A                                      | Greenville Utilities Commission, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2021A                                      | CUSIP: 396321DG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $631053.50    | 0.11%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, EveryAge, Series 2021A                                     | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, EveryAge, Series 2021A                                     | CUSIP: 65820YSP2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2970000 | PA      | $2233885.50   | 0.41%             | 2047-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | University of North Carolina, Charlotte, General Revenue Bonds, Refunding Series 2017A                                                                 | CUSIP: 914716L29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4415000 | PA      | $4303653.70   | 0.78%             | 2040-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Asheville, North Carolina, Special Obligation Bonds, Series 2021                                                                                       | Asheville, North Carolina, Special Obligation Bonds, Series 2021                                                                                       | CUSIP: 044072BF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $761051.05    | 0.14%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | CUSIP: 914716H65<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2288405.00   | 0.42%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021                                                                             | Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021                                                                             | CUSIP: 434682AJ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    495000 | PA      | $558181.80    | 0.10%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2020A                                                        | Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2020A                                                        | CUSIP: 751073ME4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    790000 | PA      | $837155.10    | 0.15%             | 2036-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Greensboro, General Revenue Bonds, Series 2018                                                                           | University of North Carolina, Greensboro, General Revenue Bonds, Series 2018                                                                           | CUSIP: 914719XA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6417960.00   | 1.17%             | 2043-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2018                       | North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2018                       | CUSIP: 65818PMH9<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5164900.00   | 0.94%             | 2038-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAQ5<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2905000 | PA      | $1606377.85   | 0.29%             | 2035-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Restructured 2018A-1                                                             | CUSIP: 74529JPU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11946000 | PA      | $11277501.84  | 2.05%             | 2034-07-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Jacksonville City, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2016                                                              | Jacksonville City, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2016                                                              | CUSIP: 469650AN5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    600000 | PA      | $684456.00    | 0.12%             | 2029-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAV4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   2385000 | PA      | $1006088.40   | 0.18%             | 2040-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Appalachian State University, North Carolina, General Revenue Bonds, Series 2019                                                                       | Appalachian State University, North Carolina, General Revenue Bonds, Series 2019                                                                       | CUSIP: 037777ZY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $1893660.00   | 0.34%             | 2048-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | CUSIP: 160853SH1<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2090220.00   | 0.38%             | 2025-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | Charlotte, North Carolina, Certificates of Participation, Convention Facilities Project, Series 2019A                                                  | CUSIP: 161037Y91<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   3500000 | PA      | $3766910.00   | 0.69%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A                                                                            | Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A                                                                            | CUSIP: 161035GY0<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1081120.00   | 0.20%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Appalachian State University, North Carolina, General Revenue Bonds, Millennial Campus End Zone Project, Series 2018                                   | Appalachian State University, North Carolina, General Revenue Bonds, Millennial Campus End Zone Project, Series 2018                                   | CUSIP: 037777YX1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1995000 | PA      | $2127168.75   | 0.39%             | 2044-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Refunding Series 2016A                    | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Duke University Health System, Refunding Series 2016A                    | CUSIP: 65821DUD1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    555000 | PA      | $605571.60    | 0.11%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, Limited Obligation Bonds, Refunding Series 2016A                                                                          | Wake County, North Carolina, Limited Obligation Bonds, Refunding Series 2016A                                                                          | CUSIP: 930876CZ8<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |    500000 | PA      | $535710.00    | 0.10%             | 2035-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2017A                                              | CUSIP: 161036MH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1925000 | PA      | $2017149.75   | 0.37%             | 2042-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Capital Appreciation Series 2019                                          | CUSIP: 65830VAQ3<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  15500000 | PA      | $5030370.00   | 0.92%             | 2047-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Lutheran Services for the Aging, Series 2021A                            | CUSIP: 65821DYB1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    280000 | PA      | $262393.60    | 0.05%             | 2029-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, General Obligation Bonds, Refunding Series 2016                                                                       | Davidson County, North Carolina, General Obligation Bonds, Refunding Series 2016                                                                       | CUSIP: 238595MP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $317292.00    | 0.06%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | CUSIP: 644804FG6<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   2895000 | PA      | $3199988.25   | 0.58%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Revenue Bonds, First Mortgage Galloway Ridge Project, Refunding Series 2019A                                   | North Carolina Medical Care Commission, Revenue Bonds, First Mortgage Galloway Ridge Project, Refunding Series 2019A                                   | CUSIP: 65820YQW9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    725000 | PA      | $647388.75    | 0.12%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                  | Winston-Salem, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                  | CUSIP: 975680EK1<br>LEI: 549300AUJB2WE4FMLE24 | Long             | DBT              | MUN               | US        |    550000 | PA      | $582109.00    | 0.11%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| East Carolina University, North Carolina, General Revenue Bonds, Series 2016A                                                                          | East Carolina University, North Carolina, General Revenue Bonds, Series 2016A                                                                          | CUSIP: 271371XF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2129480.00   | 0.39%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2020                                                                         | Brunswick County, North Carolina, Enterprise System Revenue Bonds, Series 2020                                                                         | CUSIP: 117068GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $912528.00    | 0.17%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Variable Rate Demand Series 2021 | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Variable Rate Demand Series 2021 | CUSIP: 160853VE4<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   6000000 | PA      | $6627000.00   | 1.21%             | 2050-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Federal Grant Anticipation Revenue, Vehicle Series 2021                                                                          | North Carolina State, Federal Grant Anticipation Revenue, Vehicle Series 2021                                                                          | CUSIP: 658268ER4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $5205510.00   | 0.95%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | CUSIP: 67140PDM3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1215000 | PA      | $1321421.85   | 0.24%             | 2027-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2016                                                         | Onslow County, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2016                                                         | CUSIP: 682852CS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $1018490.00   | 0.19%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | Oak Island, North Carolina, Enterprise System Revenue Bonds, Refunding Series 2017                                                                     | CUSIP: 67140PDN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1335000 | PA      | $1448288.10   | 0.26%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A                                                                                        | Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A                                                                                        | CUSIP: 751120CC8<br>LEI: 549300I7RPBIIRI16112 | Long             | DBT              | MUN               | US        |    750000 | PA      | $777217.50    | 0.14%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2019                                                   | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2019                                                   | CUSIP: 65830RCT4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4114960.00   | 0.75%             | 2049-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAR0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3760000 | PA      | $2225017.60   | 0.41%             | 2035-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A                                                                                        | Raleigh, North Carolina, Limited Obligation Bonds, Series 2014A                                                                                        | CUSIP: 751120CB0<br>LEI: 549300I7RPBIIRI16112 | Long             | DBT              | MUN               | US        |    455000 | PA      | $472362.80    | 0.09%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Series 2018A                                                    | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Series 2018A                                                    | CUSIP: 65830VAA8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   4625000 | PA      | $4819018.75   | 0.88%             | 2033-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Refunding Series 2014C                                                                                 | North Carolina State, Limited Obligation Bonds, Refunding Series 2014C                                                                                 | CUSIP: 65829QCF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5167600.00   | 0.94%             | 2025-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | North Carolina Capital Facilities Financing Agency, Educational Facilities Revenue Bond, Meredith College, Refunding Series 2016                       | CUSIP: 65818PLE7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    800000 | PA      | $801816.00    | 0.15%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency, Educational Facilities Revenue Bonds, Campbell University, Refunding Series 2021A                    | North Carolina Capital Facilities Finance Agency, Educational Facilities Revenue Bonds, Campbell University, Refunding Series 2021A                    | CUSIP: 65818PPB9<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1082360.00   | 0.20%             | 2032-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, General Obligation Bonds, Refunding Series 2014A                                                                                 | North Carolina State, General Obligation Bonds, Refunding Series 2014A                                                                                 | CUSIP: 658256V58<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4000000 | PA      | $4051600.00   | 0.74%             | 2023-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2013A  | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2013A  | CUSIP: 65820YKB1<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2735000 | PA      | $2786855.60   | 0.51%             | 2033-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017B                                                           | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017B                                                           | CUSIP: 395468LH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1815000 | PA      | $1979076.00   | 0.36%             | 2026-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, General Obligation Bonds, Connect NC Public Improvement Series 2020A                                                             | North Carolina State, General Obligation Bonds, Connect NC Public Improvement Series 2020A                                                             | CUSIP: 6582565E8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2897725.00   | 0.53%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | North Carolina Medical Care Commission, Health Care Facilities Revenues Bonds, Wake Forest Baptist Obligated Group, Series 2019A                       | CUSIP: 65821DWG2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067410.00   | 0.19%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | CUSIP: 160853ST5<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   3000000 | PA      | $3112560.00   | 0.57%             | 2036-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | Burke County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                    | CUSIP: 121358BJ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $108840.00    | 0.02%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAJ1<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    880000 | PA      | $667682.40    | 0.12%             | 2029-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A                                                            | Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A                                                            | CUSIP: 479354DS8<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |    800000 | PA      | $912528.00    | 0.17%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Wilmington, General Revenue Bonds, Series 2021                                                                           | University of North Carolina, Wilmington, General Revenue Bonds, Series 2021                                                                           | CUSIP: 914722TP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $919780.00    | 0.17%             | 2050-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | CUSIP: 16104PGN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    520000 | PA      | $606080.80    | 0.11%             | 2031-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A                              | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A                              | CUSIP: 65821DWK3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |  13660000 | PA      | $12946401.60  | 2.36%             | 2049-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017                                         | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Refunding Senior Lien Series 2017                                         | CUSIP: 65830RBM0<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1415000 | PA      | $1475717.65   | 0.27%             | 2039-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B                                                      | North Carolina Eastern Municipal Power Agency, Power System Revenue Bonds, Refunding Series 1993B                                                      | CUSIP: 658196PK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    310000 | PA      | $340460.60    | 0.06%             | 2026-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2015A                                             | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2015A                                             | CUSIP: 65821DTQ4<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2950000 | PA      | $2996934.50   | 0.55%             | 2044-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wilmington, North Carolina, Limited Obligation Bonds, Refunding Series 2016                                                                            | Wilmington, North Carolina, Limited Obligation Bonds, Refunding Series 2016                                                                            | CUSIP: 971697DW4<br>LEI: 549300Y5IY4G3QB69428 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1076730.00   | 0.20%             | 2030-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015                                                                             | Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015                                                                             | CUSIP: 616129AB8<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    355000 | PA      | $346217.30    | 0.06%             | 2025-03-01      | Fixed         | 4.38%                 | Yes           |                  2 | On Loan: No      |
| University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | University of North Carolina, Asheville, General Revenue Bonds, Refunding Series 2019                                                                  | CUSIP: 914710HW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1095400.00   | 0.20%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2016A                                                        | North Carolina Municipal Power Agency 1, Catawba Electric Revenue Bonds, Refunding Series 2016A                                                        | CUSIP: 6582034N1<br>LEI: 549300N3Q65G1ODRFX75 | Long             | DBT              | MUN               | US        |    740000 | PA      | $790068.40    | 0.14%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Series 2014                                                                            | University of North Carolina, Charlotte, General Revenue Bonds, Series 2014                                                                            | CUSIP: 914716A47<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1975000 | PA      | $2037805.00   | 0.37%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moore County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                    | Moore County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                    | CUSIP: 617762BY4<br>LEI: 5493007M00XFG62UGU93 | Long             | DBT              | MUN               | US        |    480000 | PA      | $558820.80    | 0.10%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAU6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   3995000 | PA      | $1779452.90   | 0.32%             | 2039-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, General Obligation Bonds, Series 2015A                                                                                           | North Carolina State, General Obligation Bonds, Series 2015A                                                                                           | CUSIP: 658256W81<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |  11570000 | PA      | $11989296.80  | 2.18%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Series 2022A                                                                                           | North Carolina State, Limited Obligation Bonds, Series 2022A                                                                                           | CUSIP: 65829QFB5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1785000 | PA      | $2097928.35   | 0.38%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAM4<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |    175000 | PA      | $113869.00    | 0.02%             | 2032-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A                                              | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A                                              | CUSIP: 161036LA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5152650.00   | 0.94%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2014                                                                        | Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Refunding Series 2014                                                                        | CUSIP: 16104PFC4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2505000 | PA      | $2597334.30   | 0.47%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | New Hanover County, North Carolina, Hospital Revenue Bonds, New Hanover Regional Medical Center, Series 2017                                           | CUSIP: 644804FL5<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |    960000 | PA      | $1061136.00   | 0.19%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, General Obligation Bonds, Refunding Series 2020D                                                                        | Winston-Salem, North Carolina, General Obligation Bonds, Refunding Series 2020D                                                                        | CUSIP: 975673FY5<br>LEI: 549300AUJB2WE4FMLE24 | Long             | DBT              | MUN               | US        |    290000 | PA      | $340976.20    | 0.06%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A                                              | Charlotte, North Carolina, Airport Revenue Bonds, Charlotte Douglas International, Refunding Series 2014A                                              | CUSIP: 161036LB2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4935000 | PA      | $5078460.45   | 0.93%             | 2034-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2015                                                                 | Charlotte, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2015                                                                 | CUSIP: 161045MT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    940000 | PA      | $993072.40    | 0.18%             | 2032-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Series 2020B                                                                                           | North Carolina State, Limited Obligation Bonds, Series 2020B                                                                                           | CUSIP: 65829QED2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2165000 | PA      | $2472148.55   | 0.45%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | Charlotte, North Carolina, Certificates of Participation, Refunding Cultural Arts Facilities Series 2019B                                              | CUSIP: 1610372Q8<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   4080000 | PA      | $4525250.40   | 0.82%             | 2035-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Guilford County, North Carolina, General Obligation Bonds, Public Improvement Series 2022A                                                             | Guilford County, North Carolina, General Obligation Bonds, Public Improvement Series 2022A                                                             | CUSIP: 401784P56<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   2160000 | PA      | $2531541.60   | 0.46%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | CUSIP: 436088AZ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    450000 | PA      | $520956.00    | 0.09%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| New Hanover County, North Carolina, Limited Obligation Bonds, New Hanover County Financing Corporation, Series 2021                                    | New Hanover County, North Carolina, Limited Obligation Bonds, New Hanover County Financing Corporation, Series 2021                                    | CUSIP: 64480PDZ9<br>LEI: 549300TDDH9O6TH23823 | Long             | DBT              | MUN               | US        |   3620000 | PA      | $4111016.80   | 0.75%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Moore County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                    | Moore County, North Carolina, Limited Obligation Bonds, Series 2021                                                                                    | CUSIP: 617762CA5<br>LEI: 5493007M00XFG62UGU93 | Long             | DBT              | MUN               | US        |    775000 | PA      | $816679.50    | 0.15%             | 2033-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Agricultural & Technical State University, General Revenue Bonds, Refunding Series 2015A                                                | North Carolina Agricultural & Technical State University, General Revenue Bonds, Refunding Series 2015A                                                | CUSIP: 658187HA0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4685175.00   | 0.85%             | 2040-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Central University, General Revenue Bonds, Refunding Series 2016                                                                        | North Carolina Central University, General Revenue Bonds, Refunding Series 2016                                                                        | CUSIP: 65819PCC0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3140000 | PA      | $3295869.60   | 0.60%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | Charlotte, North Carolina, Storm Water Fee Revenue Bonds, Series 2020                                                                                  | CUSIP: 16104PGR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $661643.75    | 0.12%             | 2034-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Guilford County, North Carolina, General Obligation Bonds, Public Improvement Series 2017B                                                             | Guilford County, North Carolina, General Obligation Bonds, Public Improvement Series 2017B                                                             | CUSIP: 401784G31<br>LEI: 549300OUKUGQGH8RCL96 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1078700.00   | 0.20%             | 2026-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sampson County Water & Sewer District II, North Carolina, General Obligation Bonds, Refunding Series 2015                                              | Sampson County Water & Sewer District II, North Carolina, General Obligation Bonds, Refunding Series 2015                                              | CUSIP: 79587WAY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1260000 | PA      | $1298417.40   | 0.24%             | 2040-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Davidson County, North Carolina, General Obligation Bonds, Refunding Series 2016                                                                       | Davidson County, North Carolina, General Obligation Bonds, Refunding Series 2016                                                                       | CUSIP: 238595MQ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1240539.50   | 0.23%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A                                                            | Winston-Salem, North Carolina, Water and Sewer System Revenue Bonds, Refunding Series 2016A                                                            | CUSIP: 975700LY9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1150000 | PA      | $1217424.50   | 0.22%             | 2025-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAT6<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  20150000 | PA      | $10544293.50  | 1.92%             | 2037-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017                                                                 | University of North Carolina, Greensboro, General Revenue Bonds, Refunding Series 2017                                                                 | CUSIP: 914719UW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $921589.50    | 0.17%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Wilmington, General Revenue Bonds, Refunding Series 2019B                                                                | University of North Carolina, Wilmington, General Revenue Bonds, Refunding Series 2019B                                                                | CUSIP: 914722SK0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1275000 | PA      | $1395525.75   | 0.25%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Columbus County Industrial Facilities and Pollution Control Financing Authority, North Carolina, Recovery Zone Facility Bonds, International Paper Com | Columbus County Industrial Facilities and Pollution Control Financing Authority, North Carolina, Recovery Zone Facility Bonds, International Paper Com | CUSIP: 199048AD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1775000 | PA      | $1653785.25   | 0.30%             | 2034-05-01      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A                                                            | Johnston County Finance Corporation, North Carolina, Limited Obligation Bonds, Series 2020A                                                            | CUSIP: 479354DT6<br>LEI: 5493003J6KNUY7E7SF98 | Long             | DBT              | MUN               | US        |    555000 | PA      | $631123.80    | 0.11%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAU3<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  15615000 | PA      | $7692261.30   | 1.40%             | 2038-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A                                                                            | Charlotte, North Carolina, General Obligation Bonds, Refunding Series 2016A                                                                            | CUSIP: 161035HA1<br>LEI: 5493001QNY6JJFWHQ568 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1350250.00   | 0.25%             | 2030-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2016                                                                      | Greenville, North Carolina, Combined Enterprise System Revenue Bonds, Series 2016                                                                      | CUSIP: 396290CY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   3330000 | PA      | $3320842.50   | 0.60%             | 2046-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project, Series 2015 A                                                | North Carolina Capital Facilities Finance Agency, Revenue Bonds, Duke University Project, Series 2015 A                                                | CUSIP: 65819GKX5<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |   6420000 | PA      | $6843142.20   | 1.25%             | 2055-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | Charlotte-Mecklenburg Hospital Authority, North Carolina, Health Care Revenue Bonds, DBA Carolinas HealthCare System, Refunding Series 2016A           | CUSIP: 160853SX6<br>LEI: 549300XOH4JU704GMZ32 | Long             | DBT              | MUN               | US        |   1685000 | PA      | $1731371.20   | 0.32%             | 2040-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | CUSIP: 436088AW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    715000 | PA      | $807735.50    | 0.15%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015                                                                             | Mooresville, North Carolina, Special Assessment Revenue Bonds, Series 2015                                                                             | CUSIP: 616129AA0<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |   1600000 | PA      | $1457072.00   | 0.27%             | 2040-03-01      | Fixed         | 5.38%                 | Yes           |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Wake Forest Baptist Obligated Group, Series 2012A                        | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Wake Forest Baptist Obligated Group, Series 2012A                        | CUSIP: 65821DMN8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000840.00   | 0.36%             | 2045-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | Cary, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017                                                                            | CUSIP: 147056GF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $420136.00    | 0.08%             | 2038-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    465000 | PA      | $506956.95    | 0.09%             | 2029-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2017                                                                                 | CUSIP: 809323AR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268775.00    | 0.05%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, Limited Obligation Bonds, Series 2018A                                                                                    | Wake County, North Carolina, Limited Obligation Bonds, Series 2018A                                                                                    | CUSIP: 930876DW4<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   2045000 | PA      | $2231728.95   | 0.41%             | 2036-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | University of North Carolina, Charlotte, General Revenue Bonds, Series 2017                                                                            | CUSIP: 914716H73<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   6600000 | PA      | $6937722.00   | 1.26%             | 2047-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                    | Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                    | CUSIP: 616126BG2<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    125000 | PA      | $132690.00    | 0.02%             | 2032-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017B                                                           | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017B                                                           | CUSIP: 395468LK5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2535000 | PA      | $2814813.30   | 0.51%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017                                                                        | Sampson County, North Carolina, Limited Obligaiton Bonds, Refunding Series 2017                                                                        | CUSIP: 79588VBH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $325818.00    | 0.06%             | 2029-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| High Point, North Carolina, Combined Enterprise System Revenue Bonds, Series 2014                                                                      | High Point, North Carolina, Combined Enterprise System Revenue Bonds, Series 2014                                                                      | CUSIP: 429749EZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1044020.00   | 0.19%             | 2039-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| University of North Carolina, Wilmington, General Revenue Bonds, Refunding Series 2019B                                                                | University of North Carolina, Wilmington, General Revenue Bonds, Refunding Series 2019B                                                                | CUSIP: 914722SL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    595000 | PA      | $598028.55    | 0.11%             | 2036-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | Scotland County, North Carolina, Limited Obligation Bonds, Series 2018                                                                                 | CUSIP: 809323BK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    660000 | PA      | $718535.40    | 0.13%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650CZ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    645000 | PA      | $692742.90    | 0.13%             | 2027-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                 | Chatham County, North Carolina, Limited Obligation Bonds, Series 2021A                                                                                 | CUSIP: 16207RED5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $660209.25    | 0.12%             | 2034-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medial Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2020A                                              | North Carolina Medial Care Commission, Health Care Facilities Revenue Bonds, Rex Healthcare, Series 2020A                                              | CUSIP: 65821DXK2<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   4735000 | PA      | $4453646.30   | 0.81%             | 2049-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Monroe, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017                                                                | Monroe, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2017                                                                | CUSIP: 611190FB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1430000 | PA      | $1493606.40   | 0.27%             | 2043-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | Duplin County, North Carolina, Limited Obligation Bonds, County Water Districts, Series 2016                                                           | CUSIP: 266122BN9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055050.00   | 0.19%             | 2034-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Wake County, North Carolina, Limited Obligation Bonds, Series 2019                                                                                     | Wake County, North Carolina, Limited Obligation Bonds, Series 2019                                                                                     | CUSIP: 930876ER4<br>LEI: 5493007XQJHO082P1H29 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2213380.00   | 0.40%             | 2036-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Concord, North Carolina, Utilities Systems Revenue Bonds, Refunding Series 2016                                                                        | Concord, North Carolina, Utilities Systems Revenue Bonds, Refunding Series 2016                                                                        | CUSIP: 206461JA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1067470.00   | 0.19%             | 2033-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | Holly Springs, North Carolina, Limited Obligation Bonds, Series 2021                                                                                   | CUSIP: 436088AY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    965000 | PA      | $1121243.15   | 0.20%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017                                                                             | Union County, North Carolina, Enterprise System Revenue Bonds, Series 2017                                                                             | CUSIP: 906400DU7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $414436.00    | 0.08%             | 2024-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAQ2<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |     70000 | PA      | $44001.30     | 0.01%             | 2034-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | CUSIP: 65820YLS3<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    550000 | PA      | $560510.50    | 0.10%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Western Carolina University, North Carolina, General Revenue Bonds, Series 2018                                                                        | Western Carolina University, North Carolina, General Revenue Bonds, Series 2018                                                                        | CUSIP: 957897KR1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4500000 | PA      | $4768605.00   | 0.87%             | 2043-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | North Carolina Turnpike Authority, Triangle Expressway System Revenue Bonds, Senior Lien Series 2009B                                                  | CUSIP: 65830RAS8<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |  21205000 | PA      | $11830693.60  | 2.16%             | 2036-01-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina State, Limited Obligation Bonds, Series 2019A                                                                                           | North Carolina State, Limited Obligation Bonds, Series 2019A                                                                                           | CUSIP: 65829QDP6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2811075.00   | 0.51%             | 2032-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | Elizabeth City State University, North Carolina, General Revenue Bonds, Series 2019                                                                    | CUSIP: 286650DA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $459225.25    | 0.08%             | 2028-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Winston-Salem, North Carolina, General Obligation Bonds, Refunding Series 2020D                                                                        | Winston-Salem, North Carolina, General Obligation Bonds, Refunding Series 2020D                                                                        | CUSIP: 975673FW9<br>LEI: 549300AUJB2WE4FMLE24 | Long             | DBT              | MUN               | US        |    250000 | PA      | $285255.00    | 0.05%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | North Carolina Turnpike Authority, Monroe Expressway Toll  Revenue Bonds, Capital Appreciation Series 2017C                                            | CUSIP: 65830UAP7<br>LEI: 549300FCT1PN0GJGQ240 | Long             | DBT              | MUN               | US        |   1500000 | PA      | $876960.00    | 0.16%             | 2034-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | North Carolina Medical Care Commission, Retirement Facilities First Mortgage Revenue Bonds, United Methodist Retirement Homes, Refunding Series 2016A  | CUSIP: 65820YLU8<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |    225000 | PA      | $228903.75    | 0.04%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A                              | North Carolina Medical Care Commission, Health Care Facilities Revenue Bonds, Novant Health Obligated Group, Series 2019A                              | CUSIP: 65821DWM9<br>LEI: 549300FH6KOXGCHQYG81 | Long             | DBT              | MUN               | US        |   6245000 | PA      | $5686821.90   | 1.04%             | 2052-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hillsborough, North Carolina, Special Assessement Revenue Bonds, Series 2013                                                                           | Hillsborough, North Carolina, Special Assessement Revenue Bonds, Series 2013                                                                           | CUSIP: 432360AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $214847.35    | 0.04%             | 2024-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Cary, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2020B                                                                 | Cary, North Carolina, Combined Enterprise System Revenue Bonds, Refunding Series 2020B                                                                 | CUSIP: 147056JW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    410000 | PA      | $471401.60    | 0.09%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017A                                                                     | Greensboro, North Carolina, Combined Enterprise System Revenue Bonds, Series 2017A                                                                     | CUSIP: 395468KZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   5000000 | PA      | $5002350.00   | 0.91%             | 2047-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021                                                                             | Hoke County, North Carolina, Limited General Obligation Bonds, Series 2021                                                                             | CUSIP: 434682AL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $462088.00    | 0.08%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                    | Mooresville, North Carolina, Limited Obligation Bonds, Series 2020A                                                                                    | CUSIP: 616126BH0<br>LEI: 549300ISWSZ083ZKZF60 | Long             | DBT              | MUN               | US        |    150000 | PA      | $158533.50    | 0.03%             | 2033-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A                                                        | Raleigh Durham Airport Authority, North Carolina, Airport Revenue Bonds, Refunding Series 2015A                                                        | CUSIP: 751073JY4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $314751.00    | 0.06%             | 2030-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2022-11-30

**Name of Applicant:** Nuveen Multistate Trust III

**Signature:** E. Scott Wickerham

**Name of Signer:** E. Scott Wickerham

**Title:** Vice President and Funds Controller